Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 105/5.595 new

30 ILCS 115/1

from Ch. 85, par. 611

30 ILCS 115/2a new

Synopsis As Introduced
Amends the State Revenue Sharing Act. Provides that, beginning on January 1, 2004, each month the Department of Revenue shall certify an amount equal to 1/11 (now, 1/10) of the net revenue realized from income taxes collected during the preceding month and shall certify an amount equal to the difference between 1/10 of the net revenue and 1/11 of the net revenue realized from income taxes collected during the preceding month. Provides that the Treasurer shall transfer from the General Revenue Fund an amount equal to the difference between 1/10 of the net revenue realized and 1/11 of the net revenue realized to a special fund in the State treasury, to be known as the School District Distributive Fund. Provides for the monthly distribution of money from the School District Distributive Fund to school districts in proportion to the average daily attendance of students in the school district as compared to the aggregate average daily attendance in school districts in the State. Amends the State Finance Act to create the new Fund. Effective January 1, 2004.

Actions 

Date	Chamber	Action
2/18/2003	Senate	Filed with Secretary by Sen. Dan Cronin
2/18/2003	Senate	First Reading
2/18/2003	Senate	Referred to Rules
2/26/2003	Senate	Assigned to Local Government
3/5/2003	Senate	Postponed - Local Government
3/12/2003	Senate	To Subcommittee
3/14/2003	Senate	Rule 3-9(a) / Re-referred to Rules
1/11/2005	Senate	Session Sine Die

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