<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 472    </title>
<shortdesc>COM COL-EQUALIZATION GRANTS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Donne E. Trotter</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>110 ILCS 805/2-16.02</reference><aliasreference>from Ch. 122, par. 102-16.02</aliasreference><SynopsisText>Amends the Public Community College Act. Makes changes concerning equalization grants to community college districts. Provides that equalization grants shall be distributed to districts based upon the higher of (i) an EAV-based equalization calculation using the equalized assessed valuation of property within the district or (ii) a PTE-based equalization calculation using the property tax extension within the district. Effective July 1, 2005.</SynopsisText></synopsis>
<actions>
<statusdate>2/16/2005</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Donne E. Trotter</action>
<statusdate>2/16/2005</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/16/2005</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>2/17/2005</statusdate><chamber>Senate</chamber><action>Assigned to Higher Education</action>
<statusdate>3/3/2005</statusdate><chamber>Senate</chamber><action>Postponed - Higher Education</action>
<statusdate>3/10/2005</statusdate><chamber>Senate</chamber><action>Postponed - Higher Education</action>
<statusdate>3/17/2005</statusdate><chamber>Senate</chamber><action>Held in Higher Education</action>
<statusdate>3/18/2005</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Rules</action>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

