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SB2349 Engrossed |
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LRB093 18194 NHT 43889 b |
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| AN ACT regarding schools.
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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
Sections |
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| 2-3.33 and 2-3.84 as follows:
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| (105 ILCS 5/2-3.33) (from Ch. 122, par. 2-3.33)
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| Sec. 2-3.33. Recomputation of claims. To recompute within |
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| 3 years from the
final date for filing of a claim any claim for |
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| reimbursement to any school
district if the claim has been |
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| found to be incorrect and to adjust subsequent
claims |
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| accordingly, and to recompute and adjust any such claims within |
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| 6 years
from the final date for filing when there has been an |
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| adverse court or
administrative agency decision on
the merits |
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| affecting the tax revenues of the school district. However, no |
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| such
adjustment shall be made regarding equalized assessed |
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| valuation unless the
district's equalized assessed valuation |
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| is changed by greater than $250,000 or
2%.
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| Except in the case of an adverse court or administrative |
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| agency decision
no recomputation of a
State aid claim shall be |
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| made pursuant to this Section as a result of a
reduction in the |
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| assessed valuation of a school district from the assessed
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| valuation of the district reported to the State Board of |
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| Education by the
Department of Revenue under Section 18-8.05
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| 18-8 unless the
requirements of Section
16-15 of the Property |
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| Tax Code and Section 2-3.84 of this Code
Act are
complied with |
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| in all respects.
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| This paragraph applies to all requests for recomputation of |
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| a general
State aid claim received after June 30, 2003. In |
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| recomputing a general
State aid claim that was originally |
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| calculated using an extension
limitation equalized assessed |
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| valuation under paragraph (3) of
subsection (G) of Section |
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| 18-8.05 of this Code, a qualifying reduction in
equalized |
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SB2349 Engrossed |
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LRB093 18194 NHT 43889 b |
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| assessed valuation shall be deducted from the extension
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| limitation equalized assessed valuation that was used in |
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| calculating the
original claim.
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| From the total amount of general State aid to be provided |
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| to
districts, adjustments as a result of recomputation under |
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| this Section
together with adjustments under Section 2-3.84 |
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| must not exceed $25
million, in the aggregate for all districts |
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| under both Sections combined,
of the general State aid |
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| appropriation in any fiscal year; if necessary,
amounts shall |
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| be prorated among districts. If it is necessary to prorate
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| claims under this paragraph, then that portion of each prorated |
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| claim that is
approved but not paid in the current fiscal year |
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| may be resubmitted as a
valid claim in the following fiscal |
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| year.
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| (Source: P.A. 88-555, eff. 7-27-94; 88-670, eff. 12-2-94;
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| 89-235, eff. 8-4-95; 89-397, eff. 8-20-95.)
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| (105 ILCS 5/2-3.84) (from Ch. 122, par. 2-3.84)
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| Sec. 2-3.84. In calculating the amount of State aid to be |
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| apportioned
to the various school districts in this State, the |
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| State Board of Education
shall incorporate and deduct the total |
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| aggregate adjustments to assessments
made by
the State Property |
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| Tax Appeal Board or Cook County Board of Appeals , as
reported |
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| pursuant to Section 16-15 of the Property Tax Code or Section
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| 129.1 of the Revenue Act of 1939 by the Department of Revenue , |
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| from the
equalized assessed valuation that is otherwise to be |
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| utilized in
the initial calculation .
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| From the total amount of general State aid to be provided |
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| to
districts, adjustments under this Section together with |
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| adjustments as a
result of recomputation under Section 2-3.33 |
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| must not exceed $25
million, in the aggregate for all districts |
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| under both Sections combined,
of the general State aid |
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| appropriation in any fiscal year; if necessary,
amounts shall |
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| be prorated among districts. If it is necessary to prorate
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| claims under this paragraph, then that portion of each prorated |
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| claim that is
approved but not paid in the current fiscal year |