Date	Chamber	Action
1/10/2017	Senate	Session Sine Die

Statutes Amended In Order of Appearance

105 ILCS 5/10-22.14

from Ch. 122, par. 10-22.14

Synopsis As Introduced
Amends the School Code. Allows any high school district whose territory is in 2 counties and that is eligible for Section 8002 Federal Impact Aid to make a one-time declaration as to interest income not previously declared from 1998 through 2011 in the debt service fund, declaring said moneys as interest earnings on or before June 30, 2016. Requires any such earnings income to thereafter be considered interest earnings. Effective immediately.

Senate Committee Amendment No. 1

	Deletes reference to:
	105 ILCS 5/10-22.14

	Adds reference to:
	105 ILCS 5/10-22.44	from Ch. 122, par. 10-22.44

Replaces everything after the enacting clause. Amends the School Code. In provisions providing for the transfer of interest to the fund that is most in need, allows any high school district whose territory is in 2 counties and that is eligible for Section 8002 Federal Impact Aid to make a one-time declaration as to interest income not previously declared from 1998 through 2011 in the debt service fund, declaring said moneys as interest earnings on or before June 30, 2016. Requires any such earnings income to thereafter be considered interest earnings. Effective immediately.

Actions 

Date	Chamber	Action
2/20/2015	Senate	Filed with Secretary by Sen. Christine Radogno
2/20/2015	Senate	First Reading
2/20/2015	Senate	Referred to Assignments
3/3/2015	Senate	Assigned to Executive
3/10/2015	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Christine Radogno
3/10/2015	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/11/2015	Senate	Senate Committee Amendment No. 1 Assignments Refers to Executive
3/11/2015	Senate	Senate Committee Amendment No. 1 Adopted
3/12/2015	Senate	Do Pass as Amended Executive; 012-000-000
3/12/2015	Senate	Placed on Calendar Order of 2nd Reading March 17, 2015
3/24/2015	Senate	Second Reading
3/24/2015	Senate	Placed on Calendar Order of 3rd Reading March 25, 2015
4/15/2015	Senate	Third Reading - Passed; 055-000-000
4/15/2015	House	Arrived in House
4/16/2015	House	Chief House Sponsor Rep. Jim Durkin
4/16/2015	House	First Reading
4/16/2015	House	Referred to Rules Committee
1/10/2017	Senate	Session Sine Die

Back To Top