Sen. Deanna Demuzio
Filed: 5/27/2004
 
 

 




 

 		












09300HB0762sam001

LRB093 05405 NHT 51687 a






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AMENDMENT TO HOUSE BILL 762




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    AMENDMENT NO. ______. Amend House Bill 762 by replacing 
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everything after the enacting clause with the following:

 
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    "Section 5. The School Code is amended  by adding Section 
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18-4.6 as follows:
 
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    (105 ILCS 5/18-4.6  new)
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    Sec. 18-4.6. Tax equivalent grants; Illinois School for the 
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Deaf, Illinois School for the Visually Impaired, and 
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Jacksonville Developmental Center. When the Illinois School 
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for the Deaf, the Illinois School for the Visually Impaired, 
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and the Jacksonville Developmental Center are located in a 
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school district, the State Superintendent of Education shall, 
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subject to appropriation, annually direct the State 
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Comptroller to pay the amount of the tax-equivalent grant 
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provided in this Section, and the State Comptroller shall draw 
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his or her warrant upon the State Treasurer for the payment of 
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the grant. For fiscal year 2005 and each fiscal year 
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thereafter, the grant shall equal 0.5% of the equalized 
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assessed valuation of all land in the district owned by the 
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State (computing that equalized assessed valuation by 
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multiplying the average value per taxable acre of the school 
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district by the total number of acres of land owned by the 
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State). Annually on or before September 15, 2005 and July 1, 
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thereafter, the district superintendent shall certify to the 
 


 






09300HB0762sam001
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LRB093 05405 NHT 51687 a




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State Board of Education the following matters:
        (1) that the 
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Illinois School for the Deaf, the Illinois School for the 
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Visually Impaired, and the Jacksonville Developmental Center 
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are located within the district; (2) the total land area of the 
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district in acres; (3) the total ownership of the land of the 
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State in the district in
     acres; (4) the total equalized 
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assessed value of all the
     land in the district; (5) the rate of 
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school tax payable in the year; and (6) the computed amount of 
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the tax-equivalent grant
     claimed.

    Failure of any district 
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superintendent to certify the claim for the tax-equivalent 
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grant on or before September 15, 2005 or July 1 of a subsequent 
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year shall constitute a forfeiture by the district of its right 
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to the grant for the school year.
 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.".