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| [ Engrossed ] | [ Enrolled ] | [ House Amendment 001 ] |
| [ Senate Amendment 001 ] |
91_HB3435
LRB9111037NTsb
1 AN ACT to amend the School Code by changing Section
2 17-11.1.
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 17-11.1 as follows:
7 (105 ILCS 5/17-11.1) (from Ch. 122, par. 17-11.1)
8 Sec. 17-11.1. Amended Tax Certificate. When a school
9 board has authority to levy taxes at the maximum permissive
10 tax rate allowed by law or the maximum tax rate allowed by
11 voter approved referendum an operating tax rate which would
12 qualify the school district for the maximum amount of State
13 aid under Section 18-8 and, after the certificate of tax levy
14 has been filed, a change in the assessed valuation resulting
15 from the application of the equalization multiplier by the
16 Department of Revenue causes the school district's tax
17 extensions to be less than the maximum permissive tax rate
18 allowed by law or the maximum tax rate allowed by voter
19 approved referendum operating tax rate to be less than that
20 required to qualify for the maximum amount of State aid, the
21 school board may, within 20 days of such change, amend the
22 certificate of tax levy to provide for the maximum amount of
23 tax extensions provided by the permissive tax rate or by the
24 voter approved referendum the amount required to qualify for
25 the maximum amount of State aid.
26 (Source: P.A. 83-228.)
27 Section 99. Effective date. This Act takes effect upon
28 becoming law.