Public Act 90-0756 of the 90th General Assembly

State of Illinois
Public Acts
90th General Assembly

[ Home ] [ Public Acts ] [ ILCS ] [ Search ] [ Bottom ]

Public Act 90-0756

HB2802 Enrolled                                LRB9010538THpk

    AN ACT to amend the School Code by adding Section 29-18.

    Be it enacted by the People of  the  State  of  Illinois,
represented in the General Assembly:

    Section  5.  The School Code is amended by adding Section
29-18 as follows:

    (105 ILCS 5/29-18 new)
    Sec. 29-18.  Loan program for  first-time  transportation
    (a)  To  assist  school  districts that are not providing
free pupil transportation  on  the  effective  date  of  this
amendatory  Act  of  1998,  there  is  created  a  new  pupil
transportation  interest-free  start-up  loan  program.  This
loan program shall be administered  by  the  State  Board  of
Education  and  shall  be  funded  from  appropriations  made
expressly for that purpose.
    (b)  A  school  district  providing  free  transportation
services for the first time during fiscal year 1999, 2000, or
2001  may  receive  a loan during the first year of operation
from an appropriation designated for such  initial  services.
To qualify for that funding, the district shall file a notice
of  intent  to  provide  free  transportation  indicating the
number of students to be transported no later than August  15
of  the  first year of operation.  From the appropriation for
such initial services, the district shall receive 4 quarterly
payments based upon the number of students to be  transported
multiplied  by  the  average  State  reimbursement  per pupil
transported paid to school districts under Section  29-5  for
the  prior  year's regular transportation services.  However,
if the amount  appropriated  for  such  initial  services  is
insufficient  to fund total loan amounts for any fiscal year,
the State Board of Education  shall  reduce  each  district's
allowable  loan amount proportionately to make total adjusted
loan amounts equal to the total amount appropriated. Vouchers
for the quarterly payments shall be prepared and  transmitted
by  the State Board of Education to the State Comptroller for
payment on October 15, January 15, April 15, and July 15.
    (c)  A school district that obtains a start-up loan under
this Section shall be allowed to  claim  reimbursement  under
Section   29-5   for  transportation  costs  associated  with
students who are transported using this start-up loan.
    (d)  To repay the  funds  received  under  this  start-up
loan,  the  State  Superintendent of Education shall subtract
one-tenth of the amount of the loan from the amount  due  for
the  school district's reimbursement claim under Section 29-5
each year until the loan is repaid.  The difference shall  be
the  new  amount  due  for the district's reimbursement claim
under Section 29-5.

    Section 99.  Effective date.  This Act shall take  effect
upon becoming law.

[ Top ]