SCH CD-FINANCIAL DIFFICULTY Senate SponsorsSen. Kimberly A. Lightford House Sponsors(Rep. Calvin L. Giles and Mark H. Beaubien, Jr.) 7/14/2005SenatePublic Act . . . . . . . . . 94-0234 105 ILCS 5/1A-8from Ch. 122, par. 1A-8105 ILCS 5/1B-5from Ch. 122, par. 1B-5105 ILCS 5/1B-8from Ch. 122, par. 1B-8105 ILCS 5/1F-20105 ILCS 5/1F-62105 ILCS 5/17-1from Ch. 122, par. 17-1105 ILCS 5/19-1from Ch. 122, par. 19-1105 ILCS 5/19-8from Ch. 122, par. 19-8105 ILCS 5/20-2from Ch. 122, par. 20-2105 ILCS 5/20-3from Ch. 122, par. 20-3105 ILCS 5/20-5from Ch. 122, par. 20-5105 ILCS 5/17-2C rep.105 ILCS 5/19-1.5 rep.30 ILCS 805/8.29 newAmends the School Code. Provides that the State Superintendent of Education may require a school district to share financial information relevant to a proper investigation of the district's financial condition and the delivery of appropriate State financial, technical, and consulting services to the district under certain circumstances. Makes other changes concerning the State Board of Education's power to certify that a district is in financial difficulty. In the School District Financial Oversight Panel and Emergency Financial Assistance Law, provides that panel members shall be paid a stipend of not more than $100 per meeting, the amount of which must be documented in the Panel's annual budget and approved by the State Superintendent. Makes changes concerning emergency financial assistance grants and loans, including having the Illinois Finance Authority provide the loans and increasing the maximum amounts for loans and grants. In the Downstate School Finance Authority for Elementary Districts Law, provides that the members of a School Finance Authority shall be paid a stipend approved by the State Superintendent of not more than $100 per meeting. Makes changes concerning emergency financial assistance, including allowing grants to be provided by the State Board and having the Illinois Finance Authority provide loans (instead of the State Board). Provides that the annual budget of a school district (other than the Chicago school district) must be balanced and must be filed with the State Board. Provides that, to the extent the budget is not balanced, the district shall also adopt and file with the State Board a deficit reduction plan to balance the district's budget within 3 years. Deletes a provision exempting a financially distressed district from the debt limit. Provides that a school district must notify the State Board prior to issuing any form of long-term or short-term debt that will result in outstanding debt that exceeds 75% of the debt limit or any other provision of law. Repeals a Section concerning financially distressed districts. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective July 1, 2006.House Amendment No. 1 In the School District Financial Oversight Panel and Emergency Financial Assistance Law, removes the language that requires panel members to be paid a stipend and restores current law that provides that members shall serve without compensation.House Amendment No. 2 Adds reference to:105 ILCS 5/1E-25105 ILCS 5/1E-35Amends the Downstate School Finance Authority Law of the School Code. Provides that the purpose of an Authority's power to appoint a chief executive officer, chief fiscal officer, and chief educational officer is to administer and manage, under the director of the Authority, the operations and educational programs of the school district, in accordance with the School Code. Provides that an Authority shall have the power to take action on behalf of the school district as the Authority deems necessary and in accordance with the School Code, based on the recommendation of the chief executive officer, chief educational officer, or chief fiscal officer, and that the district shall be bound by such action in all respects as if the action had been approved by the district itself. Provides that a chief educational officer shall have authority to determine the agenda and order of business at school board meetings, as needed in order to carry forward and implement the objectives and priorities of the Authority in the administration and management of the district. These provisions effective immediately. 2/25/2005SenateFiled with Secretary by Sen. Kimberly A. Lightford 2/25/2005SenateFirst Reading 2/25/2005SenateReferred to Rules 3/2/2005SenateAssigned to Education 3/10/2005SenatePostponed - Education 3/17/2005SenateDo Pass Education; 007-000-001 3/17/2005SenatePlaced on Calendar Order of 2nd Reading April 6, 2005 4/13/2005SenateSecond Reading 4/13/2005SenatePlaced on Calendar Order of 3rd Reading April 14, 2005 4/15/2005SenateThird Reading - Passed; 038-018-001 4/15/2005HouseArrived in House 4/15/2005HousePlaced on Calendar Order of First Reading 5/10/2005HouseChief House Sponsor Rep. Calvin L. Giles 5/11/2005HouseFirst Reading 5/11/2005HouseReferred to Rules Committee 5/16/2005HouseCommittee/Final Action Deadline Extended-9(b) May 31, 2005 5/16/2005HouseAssigned to Elementary & Secondary Education Committee 5/17/2005HouseMotion to Suspend Rule 25 - Prevailed 5/17/2005HouseHouse Amendment No. 1 Filed with Clerk by Elementary & Secondary Education Committee 5/17/2005HouseHouse Amendment No. 1 Adopted in Elementary & Secondary Education Committee; by Voice Vote 5/17/2005HouseDo Pass as Amended / Short Debate Elementary & Secondary Education Committee; 017-000-000 5/18/2005HousePlaced on Calendar 2nd Reading - Short Debate 5/19/2005HouseSecond Reading - Short Debate 5/19/2005HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/24/2005HouseRecalled to Second Reading - Short Debate 5/24/2005HouseHeld on Calendar Order of Second Reading - Short Debate 5/24/2005HouseHouse Amendment No. 2 Filed with Clerk by Rep. Mark H. Beaubien, Jr. 5/24/2005HouseHouse Amendment No. 2 Referred to Rules Committee 5/25/2005HouseHouse Amendment No. 2 Rules Refers to Elementary & Secondary Education Committee 5/26/2005HouseHouse Amendment No. 2 Recommends Be Adopted Elementary & Secondary Education Committee; 020-000-000 5/26/2005HouseAdded Alternate Co-Sponsor Rep. Mark H. Beaubien, Jr. 5/26/2005HouseHouse Amendment No. 2 Adopted by Voice Vote 5/26/2005HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/27/2005HouseThird Reading - Short Debate - Passed 116-000-000 5/27/2005SenateSecretary's Desk - Concurrence House Amendment(s) 01,02 5/27/2005SenatePlaced on Calendar Order of Concurrence House Amendment(s) 01,02-May 28, 2005 5/27/2005SenateHouse Amendment No. 1 Motion to Concur Filed with Secretary Sen. Kimberly A. Lightford 5/27/2005SenateHouse Amendment No. 1 Motion to Concur Referred to Rules 5/27/2005SenateHouse Amendment No. 2 Motion to Concur Filed with Secretary Sen. Kimberly A. Lightford 5/27/2005SenateHouse Amendment No. 2 Motion to Concur Referred to Rules 5/28/2005SenateHouse Amendment No. 1 Motion to Concur Rules Referred to Education 5/28/2005SenateHouse Amendment No. 2 Motion to Concur Rules Referred to Education 5/28/2005SenateHouse Amendment No. 1 Motion To Concur Recommended Do Adopt Education; 009-000-000 5/28/2005SenateHouse Amendment No. 2 Motion To Concur Recommended Do Adopt Education; 010-000-000 5/29/2005SenateHouse Amendment No. 1 Senate Concurs 054-000-000 5/29/2005SenateHouse Amendment No. 2 Senate Concurs 054-000-000 5/29/2005SenatePassed Both Houses 6/27/2005SenateSent to the Governor 7/14/2005SenateGovernor Approved 7/14/2005SenateEffective Date July 14, 2005 7/14/2005SenatePublic Act . . . . . . . . . 94-0234