Comments: IL HB3093 | 2015-2016 | 99th General Assembly

Bill Title: Amends the School Boards Article of the School Code. Allows any high school district whose territory is in 2 counties and that is eligible for Federal Impact Aid to make a one-time declaration as to interest income not previously declared from 1998 through 2011 in the debt service fund, declaring said moneys as interest earnings on or before June 30, 2016. Requires any such earnings income to thereafter be considered interest earnings. Effective immediately.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Passed) 2015-08-19 - Public Act . . . . . . . . . 99-0404 [HB3093 Detail]

Text: Latest bill text (Chaptered) [HTML]

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