Senate Sponsors: O'MALLEY-KARPIEL-BERMAN. Short description: SCH CD-ST AID-LOCAL RESOURCES Synopsis of Bill as introduced: Amends the School Code. Provides that the Available Local Resources of a grant-eligible district, as a component of the formula by which that district's general State aid is computed, shall be determined using an equalized assessed valuation of the district's taxable property that reflects the limitations placed by the Property Tax Extension Limitation Law on the growth in district property tax revenues. Effective July 1, 1999. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status