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SB2995 Engrossed |
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LRB093 21001 NHT 47184 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 Construction Law is amended by |
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| changing Section 5-5 as follows:
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| (105 ILCS 230/5-5)
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| Sec. 5-5. Definitions. As used in this Article:
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| "Approved school construction bonds" mean bonds that were |
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| approved by
referendum after January 1, 1996 but prior to |
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| January 1, 1998 as provided in
Sections 19-2 through 19-7 of |
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| the School Code to provide funds for the
acquisition, |
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| development, construction, reconstruction, rehabilitation,
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| improvement, architectural planning, and installation of |
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| capital facilities
consisting of buildings, structures, |
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| durable-equipment, and land for
educational purposes.
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| "Grant index" means a figure for each school district equal |
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| to one minus the
ratio of the district's equalized assessed |
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| valuation per pupil in average daily
attendance to the |
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| equalized assessed valuation per pupil in average daily
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| attendance of the district located at the 90th percentile for |
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| all districts of
the same category.
For the purpose of |
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| calculating the grant index, school districts are
grouped
into |
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| 2 categories, Category I and Category II. Category I consists |
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| of
elementary and unit school districts. The equalized assessed |
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| valuation
per pupil in average daily attendance of each school |
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| district in Category I
shall be computed using its grades |
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| kindergarten through 8 average daily
attendance figure. A unit |
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| school district's Category I grant index shall be
used
for |
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| projects or portions of projects constructed for elementary |
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| school
pupils. Category II consists of high school and unit |
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| school districts. The
equalized assessed valuation per pupil in |
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| average daily attendance of
each school district in Category II |
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SB2995 Engrossed |
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LRB093 21001 NHT 47184 b |
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| shall be computed using its grades 9
through 12 average daily |
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| attendance figure. A unit school district's Category
II
grant |
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| index shall be used for projects or portions of projects |
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| constructed
for high school pupils.
The changes made by this |
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| amendatory Act of the 92nd General Assembly apply
to all grants |
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| made on or after the effective date of this amendatory Act,
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| provided that for grants not yet made on the effective date of |
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| this amendatory
Act but made in fiscal year 2001 and for grants |
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| made
in fiscal year 2002, the grant index for a school district |
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| shall be the
greater of (i) the grant index as calculated under |
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| this Law on or after the
effective date of this amendatory
Act |
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| or (ii) the grant index as calculated under this Law before the |
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| effective
date of this
amendatory Act.
The grant index shall be |
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| no less than 0.35 and no greater than
0.75 for each district; |
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| provided that the grant index for districts whose
equalized |
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| assessed valuation per pupil in average daily attendance is at |
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| the
99th percentile and above for all districts of the same |
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| type shall be 0.00. For school districts that have consolidated |
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| within a prior fiscal year, the grant index shall be calculated |
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| for each of those school districts that form the new school |
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| district. Whichever grant index is the highest shall be used as |
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| the grant index for the newly consolidated school district.
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| "School construction project" means the acquisition, |
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| development,
construction, reconstruction, rehabilitation, |
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| improvement, architectural
planning, and installation of |
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| capital facilities consisting of buildings,
structures, |
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| durable equipment, and land for educational purposes.
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| "School maintenance project" means a project, other than a |
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| school
construction project, intended to provide for the |
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| maintenance or upkeep
of buildings or structures for |
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| educational purposes, but does not include
ongoing operational |
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| costs.
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| (Source: P.A. 91-38, eff. 6-15-99; 92-168, eff. 7-26-01.)
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