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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008 HB2208
Introduced 2/26/2007, by Rep. Michael J. Madigan - Barbara Flynn Currie - Michael K. Smith SYNOPSIS AS INTRODUCED: |
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Amends the School Code. Makes a technical change in a Section concerning downstate school finance authorities.
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A BILL FOR
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HB2208 |
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LRB095 01142 NHT 21144 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 School Code is amended by changing Section |
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| 1E-5 as follows:
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| (105 ILCS 5/1E-5)
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| Sec. 1E-5. Findings; purpose; intent.
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| (a) The
The General Assembly finds all of the following:
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| (1) A fundamental goal of the people of this State, as
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| expressed in Section 1 of Article X of the Illinois |
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| Constitution, is
the educational development of all |
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| persons to the limits of their
capacities. When a board of |
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| education faces financial difficulties,
continued |
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| operation of the public school system is threatened.
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| (2) A sound financial structure is essential to the |
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| continued
operation of any school system. It is vital to |
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| commercial,
educational, and cultural interests that |
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| public schools remain in
operation. To achieve that goal, |
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| public school systems must have
effective access to the |
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| private market to borrow short and long term
funds.
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| (3) To promote the financial integrity of districts, as |
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| defined in
this Article, it is
necessary to provide for the |
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| creation of school finance authorities
with the powers |