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Public Act 093-1094 |
HB0768 Enrolled |
LRB093 05400 NHT 05490 b |
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AN ACT in relation to education.
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Be it enacted by the People of the State of Illinois, |
represented in the General Assembly:
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Section 5. The School Construction Law is amended by |
changing Section 5-5 as follows:
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(105 ILCS 230/5-5)
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Sec. 5-5. Definitions. As used in this Article:
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"Approved school construction bonds" mean bonds that were |
approved by
referendum after January 1, 1996 but prior to |
January 1, 1998 as provided in
Sections 19-2 through 19-7 of |
the School Code to provide funds for the
acquisition, |
development, construction, reconstruction, rehabilitation,
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improvement, architectural planning, and installation of |
capital facilities
consisting of buildings, structures, |
durable-equipment, and land for
educational purposes.
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"Grant index" means a figure for each school district equal |
to one minus the
ratio of the district's equalized assessed |
valuation per pupil in average daily
attendance to the |
equalized assessed valuation per pupil in average daily
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attendance of the district located at the 90th percentile for |
all districts of
the same category.
For the purpose of |
calculating the grant index, school districts are
grouped
into |
2 categories, Category I and Category II. Category I consists |
of
elementary and unit school districts. The equalized assessed |
valuation
per pupil in average daily attendance of each school |
district in Category I
shall be computed using its grades |
kindergarten through 8 average daily
attendance figure. A unit |
school district's Category I grant index shall be
used
for |
projects or portions of projects constructed for elementary |
school
pupils. Category II consists of high school and unit |
school districts. The
equalized assessed valuation per pupil in |
average daily attendance of
each school district in Category II |