Illinois HB 5551: SCH CD-VARIOUS FUNDING

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 Full Text of HB5551

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 Senate Amendment 001 
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HB5551 EnrolledLRB104 20609 LNS 34101 b

1 AN ACT concerning education.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The School Code is amended by changing Sections 

52-3.33, 2-3.84, 14-7.03, and 21B-70 as follows:

6 (105 ILCS 5/2-3.33) (from Ch. 122, par. 2-3.33)

7 Sec. 2-3.33. Recomputation of claims. To recompute within 

83 years from the final date for filing of a claim any claim for 

9general State aid reimbursement to any school district and to 

10recompute and adjust any such claims within 6 years from the 

11final date for filing, through and ending with Fiscal Year 

122026, when there has been an adverse court or administrative 

13agency decision on the merits affecting the tax revenues of 

14the school district. However, no such adjustment shall be made 

15regarding equalized assessed valuation unless the district's 

16equalized assessed valuation is changed by greater than 

17$250,000 or 2%. Any adjustments for claims recomputed for the 

182016-2017 school year and prior school years shall be applied 

19to the apportionment of evidence-based funding in Section 

2018-8.15 of this Code beginning in the 2017-2018 school year 

21and thereafter. However, the recomputation of a claim for 

22evidence-based funding for a school district shall not require 

23the recomputation of claims for all districts, and the State 

HB5551 Enrolled- 2 -LRB104 20609 LNS 34101 b

1Board of Education shall only make recomputations of 

2evidence-based funding for those districts where an adjustment 

3is required, through and ending with Fisc