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Public Act 093-1059
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| SB3090 Enrolled |
LRB093 20506 NHT 47212 b |
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AN ACT concerning schools.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The School Code is amended by adding Section |
17-3.5 as follows:
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(105 ILCS 5/17-3.5 new) |
Sec. 17-3.5. Maximum-authorized district educational |
purposes tax rate. If, at any election held prior to March 19, |
2004, the voters of a school district having a population of |
less than 500,000 inhabitants approved the proposition to |
increase the educational purposes tax rate of the district and |
the proposition to increase the rate set forth as the existing |
maximum-authorized educational purposes tax rate of the |
district the tax rate most recently extended for educational |
purposes, then, for the purposes of this Code and the Property |
Tax Code, the maximum-authorized educational purposes tax rate |
of the district shall be calculated as follows:
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(1) for the first tax year affected by the results of |
the referendum, the district's tax rates shall be |
calculated based upon the rates set forth in the |
proposition; and
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(2) for each tax year thereafter, the district's |
maximum-authorized educational purposes tax rate approved |
at the referendum shall be equal to the sum of the |
district's maximum-authorized educational purposes tax |
rate immediately preceding the referendum plus the |
difference between the rates set forth in the proposition |
submitted to the voters of the district at the referendum.
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Within 10 days after the effective date of this amendatory |
Act of the 93rd General Assembly, the school board of any |
school district affected by this subsection (a) may, |
notwithstanding the requirements of any other law to the |