Illinois House Bill 5534 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the State aid formula provisions of the School Code. Removes language that provides that, with respect to any part of a school district within a redevelopment project area in respect to which a municipality has adopted tax increment allocation financing pursuant to the Tax Increment Allocation Redevelopment Act or the Industrial Jobs Recovery Law, no part of the current equalized assessed valuation of real property located in the project area that is attributable to an increase above the total initial equalized assessed valuation of the property shall be used as part of the equalized assessed valuation of the district until such time as all redevelopment project costs have been paid and that, for the purpose of the equalized assessed valuation of the district, the total initial equalized assessed valuation or the current equalized assessed valuation, whichever is lower, shall be used until such time as all redevelopment project costs have been paid. Provides that a school district does not qualify for supplemental general State aid if its available local resources per pupil exceeds an amount equal to the amount of general State aid, per pupil, allotted to the school district plus the amount of the supplemental general State aid grant, per pupil, for which the district would otherwise qualify. Effective July 1, 2014.

SCH CD-ST AID-ADJUST EAV-SUPP

Rep. Joe Sosnowski [R]

Date	Chamber	Action
2014-12-03	House	Session Sine Die
2014-03-28	House	Rule 19(a) / Re-referred to Rules Committee
2014-03-03	House	Assigned to Elementary & Secondary Education Committee
2014-02-13	House	Referred to Rules Committee
2014-02-13	House	First Reading
2014-02-13	House	Filed with the Clerk by Rep. Joe Sosnowski

Chapter	Article	Section	Citation Type	Statute Text
105	5	18-8.05	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5534&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB5534.htm