Bill Amendment: IL SB3521 | 2019-2020 | 101st General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: SCH CD-ST FUNDING FORMULA

Status: 2021-01-13 - Session Sine Die [SB3521 Detail]

Download: Illinois-2019-SB3521-Senate_Amendment_001.html

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Sen. Christopher Belt

Filed: 3/13/2020

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AMENDMENT TO SENATE BILL 3521
AMENDMENT NO. ______. Amend Senate Bill 3521 on page 1,
line 4, by replacing "Section" with "Sections 1H-115 and"; and
on page 1, immediately below line 5, by inserting the
following:
"(105 ILCS 5/1H-115)
Sec. 1H-115. Abolition of Panel.
(a) Except as provided in subsections (b), (c), and (d),
and (e) of this Section, the Panel shall be abolished 10 years
after its creation.
(b) The State Board, upon recommendation of the Panel or
petition of the school board, may abolish the Panel at any time
after the Panel has been in existence for 3 years if no
obligations of the Panel are outstanding or remain undefeased
and upon investigation and finding that:
(1) none of the factors specified in Section 1A-8 of

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this Code remain applicable to the district; and
(2) there has been substantial achievement of the goals
and objectives established pursuant to the financial plan
and required under Section 1H-15 of this Code.
(c) The Panel of a district that otherwise meets all of the
requirements for abolition of a Panel under subsection (b) of
this Section, except for the fact that there are outstanding
financial obligations of the Panel, may petition the State
Board for reinstatement of all of the school board's powers and
duties assumed by the Panel; and if approved by the State
Board, then:
(1) the Panel shall continue in operation, but its
powers and duties shall be limited to those necessary to
manage and administer its outstanding obligations;
(2) the school board shall once again begin exercising
all of the powers and duties otherwise allowed by statute;
and
(3) the Panel shall be abolished as provided in
subsection (a) of this Section.
(d) If the Panel of a district otherwise meets all of the
requirements for abolition of a Panel under subsection (b) of
this Section, except for outstanding obligations of the Panel,
then the district may petition the State Board for abolition of
the Panel if the district:
(1) establishes an irrevocable trust fund, the purpose
of which is to provide moneys to defease the outstanding

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obligations of the Panel; and
(2) issues funding bonds pursuant to the provisions of
Sections 19-8 and 19-9 of this Code.
A district with a Panel that falls under this subsection
(d) shall be abolished as provided in subsection (a) of this
Section.
(e) The duration of a Panel may be continued for more than
10 years after the date of its creation if the State Board
extends the Panel's duration under paragraph (3) of subsection
(e) of Section 18-8.15 of this Code.
(Source: P.A. 97-429, eff. 8-16-11; 98-463, eff. 8-16-13.)";
and
by replacing line 12 on page 49 through line 15 on page 51 with
the following:
"(3) Subject to approval by the General Assembly as
provided in this paragraph (3), an Organizational Unit that
meets all of the following criteria, as determined by the
State Board, shall have District Intervention Money added
to its Base Funding Minimum at the time the Base Funding
Minimum is calculated by the State Board:
(A) The Organizational Unit is operating under an
Independent Authority under Section 2-3.25f-5 of this
Code for a minimum of 4 school years or is subject to
the control of the State Board pursuant to a court
order for a minimum of 4 school years.

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(B) The Organizational Unit was designated as a
Tier 1 or Tier 2 Organizational Unit in the previous
school year under paragraph (3) of subsection (g) of
this Section.
(C) The Organizational Unit demonstrates
sustainability through a 5-year financial and
strategic plan.
(D) The Organizational Unit has made sufficient
progress and achieved sufficient stability in the
areas of governance, academic growth, and finances.
As part of its determination under this paragraph (3),
the State Board may consider the Organizational Unit's
summative designation, any accreditations of the
Organizational Unit, or the Organizational Unit's
financial profile, as calculated by the State Board.
If the State Board determines that an Organizational
Unit has met the criteria set forth in this paragraph (3),
it must submit a report to the General Assembly, no later
than January 2 of the fiscal year in which the State Board
makes it determination, on the amount of District
Intervention Money to add to the Organizational Unit's Base
Funding Minimum. The General Assembly must review the State
Board's report and may approve or disapprove, by joint
resolution, the addition of District Intervention Money.
If the General Assembly fails to act on the report within
40 calendar days from the receipt of the report, the

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addition of District Intervention Money is deemed
approved. If the General Assembly approves the amount of
District Intervention Money to be added to the
Organizational Unit's Base Funding Minimum, the District
Intervention Money must be added to the Base Funding
Minimum annually thereafter.
For the first 4 years following the initial year that
the State Board determines that an Organizational Unit has
met the criteria set forth in this paragraph (3) and has
received funding under this Section, the Organizational
Unit must annually submit to the State Board, on or before
November 30, a progress report regarding its financial and
strategic plan under subparagraph (C) of this paragraph
(3). The plan shall include the financial data from the
past 4 annual financial reports or financial audits that
must be presented to the State Board by November 15 of each
year and the approved budget financial data for the current
year. The plan shall be developed according to the
guidelines presented to the Organizational Unit by the
State Board. The plan shall further include financial
projections for the next 3 fiscal years and include a
discussion and financial summary of the Organizational
Unit's facility needs. If the Organizational Unit does not
demonstrate sufficient progress toward its 5-year plan or
if it has failed to file an annual financial report, an
annual budget, a financial plan, a deficit reduction plan,

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or other financial information as required by law, the
State Board may establish a Financial Oversight Panel under
Article 1H of this Code. However, if the Organizational
Unit already has a Financial Oversight Panel, the State
Board may extend the duration of the Panel.".