Bill Text: IL HB0160 | 2013-2014 | 98th General Assembly | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the School Code. In a Section concerning interfund transfers, extends the time period during which a school district other than the Chicago school district may transfer moneys from specified funds for any purpose from June 30, 2013 to June 30, 2016. Allows the school board of any school district (i) that is subject to the Property Tax Extension Limitation Law, (ii) that has a population of less than 500,000 inhabitants, (iii) that is levying at its maximum tax rate, (iv) whose total equalized assessed valuation has declined 25% in the prior 2 years, and (v) in which 75% or more of its students receive free or reduced-price lunch to annually transfer money from any fund of the district to any other fund of the district by proper resolution following a public hearing set by the school board or the president of the school board, with notice, so long as the district meets the qualifications set forth in this provision at the time a given transfer is made.
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: (Passed) 2013-08-02 - Public Act . . . . . . . . . 98-0131 [HB0160 Detail]
Download: Illinois-2013-HB0160-Amended.html
Bill Title: Amends the School Code. In a Section concerning interfund transfers, extends the time period during which a school district other than the Chicago school district may transfer moneys from specified funds for any purpose from June 30, 2013 to June 30, 2016. Allows the school board of any school district (i) that is subject to the Property Tax Extension Limitation Law, (ii) that has a population of less than 500,000 inhabitants, (iii) that is levying at its maximum tax rate, (iv) whose total equalized assessed valuation has declined 25% in the prior 2 years, and (v) in which 75% or more of its students receive free or reduced-price lunch to annually transfer money from any fund of the district to any other fund of the district by proper resolution following a public hearing set by the school board or the president of the school board, with notice, so long as the district meets the qualifications set forth in this provision at the time a given transfer is made.
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: (Passed) 2013-08-02 - Public Act . . . . . . . . . 98-0131 [HB0160 Detail]
Download: Illinois-2013-HB0160-Amended.html
| |||||||
| |||||||
| |||||||
| 1 | AMENDMENT TO HOUSE BILL 160
| ||||||
| 2 | AMENDMENT NO. ______. Amend House Bill 160 as follows:
| ||||||
| 3 | on page 2, line 23, after "district", by inserting ", other | ||||||
| 4 | than the Illinois Municipal Retirement Fund and the Bonds and | ||||||
| 5 | Interest Fund,"; and
| ||||||
| 6 | on page 2, line 24, after "district", by inserting ", other | ||||||
| 7 | than the Illinois Municipal Retirement Fund and the Bonds and | ||||||
| 8 | Interest Fund,".
| ||||||
