Senate Sponsors: CRONIN-LINK-GEO-KARIS. House Sponsors: BEAUBIEN-OSMOND Short description: SCH CD-REGIONAL SUPERINTENDENT Synopsis of Bill as introduced: Amends the School District Financial Oversight Panel and Emergency Financial Assistance Law of the School Code. Allows a financial oversight panel created pursuant to a petition filed by a school district to petition the State Board of Education to be reconstituted as a panel having the powers, duties, legal status, and privileges of a panel established by the State Board for a district that has had its financial plan rescinded by the State Board for violating that plan. Allows 5 (instead of 3) members to be appointed to serve on a financial oversight panel. Provides that any moneys provided to a board of education as a loan shall not be subject to any limitation on debt established under the Article of the School Code concerning debt limitation. Changes provisions concerning a separate tax levy for emergency financial assistance repayment purposes. Makes other changes. Effective immediately. HOUSE AMENDMENT NO. 1. Deletes reference to: 105 ILCS 5/1B-5 105 ILCS 5/1B-8 Deletes everything after the enacting clause. Amends the School Code. Makes a technical change in a Section concerning school district financial oversight panels. HOUSE AMENDMENT NO. 2. Deletes reference to: 105 ILCS 5/1B-4 Adds reference to: 105 ILCS 5/3A-6 from Ch. 122, par. 3A-6 Deletes everything. Amends the School Code. Removes a provision that provides that a Section of the School Code concerning the election of a regional superintendent of schools for a consolidated region, filing a bond, and vacancies in an educational service region has no application in an educational service region that is located in any county, including a county that is a home rule unit, if that educational service region has a population of 2,000,000 or more inhabitants. Provides that until July 1, 2003 or until the regional superintendent of schools elected in 2002 takes office, whichever occurs first, if a vacancy exists in the office of regional superintendent of schools of an educational service region that is located in a county that is a home rule unit and that has a population of 2,000,000 or more inhabitants, then that vacancy shall be filled by the first assistant superintendent/deputy superintendent until the end of the term to which the regional superintendent was elected. Effective immediately. Last action on Bill: PUBLIC ACT.............................. 92-0869 Last action date: JAN-03-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 0 END OF INQUIRY Full Text Bill Status