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90_HB3264
105 ILCS 5/17-2.5 from Ch. 122, par. 17-2.5
Amends the School Code to provide that the school board
may not use money in the Tort Immunity Fund for any purpose
other than the purposes for which the school board is allowed
to levy the tax for tort immunity.
LRB9011040NTsb
LRB9011040NTsb
1 AN ACT to amend the School Code by changing Section
2 17-2.5.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The School Code is amended by changing
6 Section 17-2.5 as follows:
7 (105 ILCS 5/17-2.5) (from Ch. 122, par. 17-2.5)
8 Sec. 17-2.5. Tax for tort immunity.
9 (a) The school board of any district may by proper
10 resolution levy an annual tax upon the value of the taxable
11 property within its territory as equalized or assessed by the
12 Department of Revenue at a rate that will produce a sum
13 sufficient to pay the cost of settlements or judgments under
14 Section 9-102 of the Local Governmental and Governmental
15 Employees Tort Immunity Act, as now or hereafter amended, to
16 pay the costs of protecting itself or its employees against
17 liability, property damage or loss, including all costs and
18 reserves of being a member of an insurance pool, under
19 Section 9-103 of that Act, to pay the costs of and principal
20 and interest on bonds issued under Section 9-105 of that Act,
21 to pay tort judgments or settlements under Section 9-104 of
22 that Act to the extent necessary to discharge such
23 obligations and to pay the cost of risk care management
24 programs in accordance with Section 9-107 of that Act.
25 (b) The school board may not use money in the Tort
26 Immunity Fund for any purpose other than those purposes
27 listed in subsection (a) of this Section.
28 (Source: P.A. 86-668.)