PHELPS-BLACK-REITZ-MAUTINO-CURRY,JULIE, NOLAND, HOEFT AND WOOLARD. 30 ILCS 105/6z-45 105 ILCS 5/19-1 from Ch. 122, par. 19-1 105 ILCS 230/5-5 105 ILCS 230/5-15 105 ILCS 230/5-20 105 ILCS 230/5-25 105 ILCS 230/5-53 new Amends the School Construction Law, the School Code, and the State Finance Act. Eliminates minimum enrollment requirements as a criteria for grant eligibility under the School Construction Law and reduces the EAV per ADA pupil percentile level at which districts no longer qualify for a grant to the 95th from the 99th percentile. Provides for the State Board of Education to award a reorganization incentive grant, payable from appropriations made out of the School Infrastructure Fund, to a school district that receives a school construction project grant from the Capital Development Board based upon the district's present or anticipated school construction needs attributable to its organization or formation as a community unit or combined school district or its annexation of all of the territory of another school district. Provides that the organization, formation, or annexation must be initiated by a petition filed after the amendatory Act's effective date and must take effect for all purposes not more than 2 years after the district receives its school construction project grant. Requires the State Board of Education to certify to a school district that has been issued a grant entitlement for a school construction project the amount of the project cost that the district will be required to finance with non-grant funds. Authorizes such a district, if it has no unused bonding capacity or if its remaining bonding capacity is less than the amount certified by the State Board of Education, to by referendum incur additional indebtedness by the issuance of school construction project bonds in an amount not exceeding the project cost that the district must finance with non-grant funds. Makes other related changes. Effective immediately. STATE DEBT IMPACT NOTE HB2470 would not affect the bonding authorization of the State or the level of State indebtedness. FISCAL NOTE (State Board of Education) Amount of new money needed cannot be determined. STATE MANDATES FISCAL NOTE (State Board of Education) No change from SBE fiscal note. FISCAL NOTE (Capital Development Board) No fiscal impact on current program; more money will need to be appropriated to serve all additional eligible schools. 98-01-15 H FILED WITH CLERK 98-01-15 H ADDED AS A JOINT SPONSOR BLACK 98-01-15 H ADDED AS A CO-SPONSOR REITZ 98-01-15 H ADDED AS A CO-SPONSOR MAUTINO 98-01-15 H ADDED AS A CO-SPONSOR CURRY,JULIE 98-01-15 H ADDED AS A CO-SPONSOR NOLAND 98-01-20 H FIRST READING 98-01-20 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-02-03 H ADDED AS A CO-SPONSOR YOUNGE 98-02-03 H ADDED AS A CO-SPONSOR HOEFT 98-02-05 H ADDED AS A CO-SPONSOR WOOLARD 98-02-10 H STATE DEBT IMPACT NOTE FILED 98-02-10 H COMMITTEE RULES 98-02-18 H FISCAL NOTE FILED 98-02-18 H STATE MANDATES FISCAL NOTE FILED 98-02-18 H COMMITTEE RULES 98-03-19 H FISCAL NOTE FILED 98-03-19 H COMMITTEE RULES 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary