Date	Chamber	Action
11/12/2024	House	Referred to Rules Committee

Statutes Amended In Order of Appearance

105 ILCS 5/34A-102

from Ch. 122, par. 34A-102

105 ILCS 5/34A-103

from Ch. 122, par. 34A-103

105 ILCS 5/34A-201

from Ch. 122, par. 34A-201

105 ILCS 5/34A-302

from Ch. 122, par. 34A-302

105 ILCS 5/34A-403

from Ch. 122, par. 34A-403

105 ILCS 5/34A-404

from Ch. 122, par. 34A-404

105 ILCS 5/34A-405.2

105 ILCS 5/34A-602

from Ch. 122, par. 34A-602

105 ILCS 5/34A-604

from Ch. 122, par. 34A-604

105 ILCS 5/34A-606

from Ch. 122, par. 34A-606

Synopsis As Introduced
Amends the School Finance Authority Act of the School Code. Reinstates the School Finance Authority and reverts any powers, duties, rights, or property granted to the Chicago Board of Education upon the abolition of the original Authority established by the Article back to the Authority. Provides that any powers, duties, rights, or property granted to the Board before the abolition of the original Authority and after the reinstatement of the Authority under the amendatory Act shall remain vested in the Board. Updates the expiration dates of terms of the Chairman, the 2 Directors of the Authority appointed by the Governor, and the 2 Directors of the Authority appointed by the Mayor. Requires the Board to adopt and submit for approval a financial plan on or before March 1, 2026 and adopt and submit for approval a budget on or before February 1, 2026 with respect to the remaining portion of the fiscal year ending in 2026. Requires the Board, beginning in fiscal year 2028 and every second year thereafter, to adopt a financial plan covering a period of 2 fiscal years. Requires the Board to submit a staffing plan for the fiscal year ending in 2026 to the Authority within 90 days after the effective date of the amendatory Act. Makes other changes.

Actions 

Date	Chamber	Action
11/12/2024	House	Filed with the Clerk by Rep. Curtis J. Tarver, II
11/12/2024	House	First Reading
11/12/2024	House	Referred to Rules Committee

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