Bill Amendment: IL HB5918 | 2015-2016 | 99th General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

---

Bill Title: SCH CD-CHARTER SCH-RENEW-FIN

Status: 2016-08-19 - Public Act . . . . . . . . . 99-0840 [HB5918 Detail]

Download: Illinois-2015-HB5918-House_Amendment_002.html

---

Rep. Andr� Thapedi

Filed: 4/19/2016

09900HB5918ham002 LRB099 15850 MLM 47821 a
AMENDMENT TO HOUSE BILL 5918
AMENDMENT NO. ______. Amend House Bill 5918 as follows:
on page 7, line 4, by replacing "$750 $250" with "$250"; and
by replacing line 25 on page 7 through line 20 on page 8 with
the following:
"enrolled in the charter school. A loan shall be repaid by the
end of the initial term of the charter school. The State Board
may deduct amounts necessary to repay the loan from funds due
to the charter school or may require that the local school
board that authorized the charter school deduct such amounts
from funds due the charter school and remit these amounts to
the State Board, provided that the local school board shall not
be responsible for repayment of the loan. The State Board may
use up to 3% of the appropriation to contract with a non-profit
entity to administer the loan program.".