Sen. Deanna Demuzio
Filed: 5/27/2004
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1 | AMENDMENT TO HOUSE BILL 762
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2 | AMENDMENT NO. ______. Amend House Bill 762 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The School Code is amended by adding Section | ||||||
5 | 18-4.6 as follows: | ||||||
6 | (105 ILCS 5/18-4.6 new) | ||||||
7 | Sec. 18-4.6. Tax equivalent grants; Illinois School for the | ||||||
8 | Deaf, Illinois School for the Visually Impaired, and | ||||||
9 | Jacksonville Developmental Center. When the Illinois School | ||||||
10 | for the Deaf, the Illinois School for the Visually Impaired, | ||||||
11 | and the Jacksonville Developmental Center are located in a | ||||||
12 | school district, the State Superintendent of Education shall, | ||||||
13 | subject to appropriation, annually direct the State | ||||||
14 | Comptroller to pay the amount of the tax-equivalent grant | ||||||
15 | provided in this Section, and the State Comptroller shall draw | ||||||
16 | his or her warrant upon the State Treasurer for the payment of | ||||||
17 | the grant. For fiscal year 2005 and each fiscal year | ||||||
18 | thereafter, the grant shall equal 0.5% of the equalized | ||||||
19 | assessed valuation of all land in the district owned by the | ||||||
20 | State (computing that equalized assessed valuation by | ||||||
21 | multiplying the average value per taxable acre of the school | ||||||
22 | district by the total number of acres of land owned by the | ||||||
23 | State). Annually on or before September 15, 2005 and July 1, | ||||||
24 | thereafter, the district superintendent shall certify to the |
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1 | State Board of Education the following matters:
(1) that the | ||||||
2 | Illinois School for the Deaf, the Illinois School for the | ||||||
3 | Visually Impaired, and the Jacksonville Developmental Center | ||||||
4 | are located within the district; (2) the total land area of the | ||||||
5 | district in acres; (3) the total ownership of the land of the | ||||||
6 | State in the district in
acres; (4) the total equalized | ||||||
7 | assessed value of all the
land in the district; (5) the rate of | ||||||
8 | school tax payable in the year; and (6) the computed amount of | ||||||
9 | the tax-equivalent grant
claimed.
Failure of any district | ||||||
10 | superintendent to certify the claim for the tax-equivalent | ||||||
11 | grant on or before September 15, 2005 or July 1 of a subsequent | ||||||
12 | year shall constitute a forfeiture by the district of its right | ||||||
13 | to the grant for the school year.
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14 | Section 99. Effective date. This Act takes effect upon | ||||||
15 | becoming law.".
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