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91_HB3624
LRB9110929NTks
1 AN ACT to amend the School Construction Law by changing
2 Section 5-5.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The School Construction Law is amended by
6 changing Section 5-5 as follows:
7 (105 ILCS 230/5-5)
8 Sec. 5-5. Definitions. As used in this Law Article:
9 "Approved school construction bonds" mean bonds that were
10 approved by referendum after January 1, 1996 but prior to
11 January 1, 1998 as provided in Sections 19-2 through 19-7 of
12 the School Code to provide funds for the acquisition,
13 development, construction, reconstruction, rehabilitation,
14 improvement, architectural planning, and installation of
15 capital facilities consisting of buildings, structures,
16 durable-equipment, and land for educational purposes.
17 "Grant index" means a figure for each school district
18 equal to one minus the ratio of the district's equalized
19 assessed valuation per pupil in average daily attendance to
20 the equalized assessed valuation per pupil in average daily
21 attendance of the district located at the 90th percentile for
22 all districts of the same type. The grant index shall be no
23 less than 0.35 and no greater than 0.75 for each district;
24 provided that the grant index for districts whose equalized
25 assessed valuation per pupil in average daily attendance is
26 at the 99th percentile and above for all districts of the
27 same type shall be 0.00.
28 "School construction project" means the acquisition,
29 development, construction, reconstruction, rehabilitation,
30 improvement, architectural planning, and installation of
31 capital facilities consisting of buildings, structures,
-2- LRB9110929NTks
1 durable equipment, and land for educational purposes.
2 "School maintenance project" means a project, other than
3 a school construction project, intended to provide for the
4 maintenance or upkeep of buildings or structures for
5 educational purposes, but does not include ongoing
6 operational costs.
7 (Source: P.A. 90-548, eff. 1-1-98; 91-38, eff. 6-15-99.)