House Sponsors: CURRIE. Short description: SCH CD-CAP IMPROVEMNT TAX LEVY Synopsis of Bill as introduced: Amends the School Code. Allows the Chicago Board of Education to levy a capital improvement tax to provide revenue for specified capital improvement purposes. Provides that an initial tax levy must be approved by the Chicago City Council before it can be extended. If the Chicago City Council does not approve a resolution to approve or disapprove a capital improvement tax levy within 60 days, the initial tax levy is deemed disapproved. Authorizes the Chicago Board of Education to issue bonds against any revenues to be collected from the capital improvement tax in any year and pledge those revenues as security for the payment of the bonds. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status