94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB2940


 
Introduced 1/20/2006, by Sen. Cheryl Axley
 
SYNOPSIS AS INTRODUCED:
 		













30 ILCS 105/4.5 new










    Amends the State Finance Act.  Provides that each fiscal year, the General Assembly shall appropriate for educational programs an amount that is equal to or exceeds the sum of (i) the total amount appropriated from general funds for educational programs during the fiscal year immediately preceding the fiscal year for which the appropriation is being made and (ii) 51% of total new general funds available for spending from estimated growth in revenues and funds available because of budgeted program growth and decline in the fiscal year for which the appropriation is being made. Provides that money from new general funds must be spent on educational programs that are not considered administrative expenditures. Effective immediately.
















LRB094 18538 NHT 54682 b

















FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB2940

LRB094 18538 NHT 54682 b






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    AN ACT concerning education.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The State Finance Act is amended  by adding 
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Section 4.5 as follows:
 
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    (30 ILCS 105/4.5  new)
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    Sec. 4.5. Educational appropriations. Beginning with 
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fiscal year 2007 and in each fiscal year thereafter, the 
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General Assembly shall appropriate for educational programs an 
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amount that is equal to or exceeds the sum of (i) the total 
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amount appropriated from general funds for educational 
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programs during the fiscal year immediately preceding the 
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fiscal year for which the appropriation is being made and (ii) 
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51% of total new general funds available for spending from 
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estimated growth in revenues and funds available because of 
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budgeted program growth and decline in the fiscal year for 
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which the appropriation is being made. Money from new general 
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funds must be spent on educational programs that are not 
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defined as administrative expenditures under Section 17-1.5 of 
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the School Code.

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