Illinois General Assembly - Bill Status for HB5551
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 Bill Status of HB5551  94th General Assembly


Short Description:  COMMON SCH FUND-TRNSFRS-CLAIMS

House Sponsors
Rep. Calvin L. Giles

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/8afrom Ch. 127, par. 144a
105 ILCS 5/18-11from Ch. 122, par. 18-11


Synopsis As Introduced
Amends the State Finance Act and the School Code. Provides that on or before the 11th and 21st days of each of the months of August through the following June (instead of July), the State Treasurer and the State Comptroller shall transfer from the General Revenue Fund to the Common School Fund and Education Assistance Fund 1/22 (instead of 1/24) of the amount appropriated to the State Board of Education for distribution to all school districts from those Funds. With respect to payments from the Common School Fund, provides that as soon as may be after the 10th and 20th days of each of the months of August through the following June (instead of July), the State Comptroller shall draw his or her warrants upon the State Treasurer as directed by the State Board of Education in an amount equal to 1/22 (instead of 1/24) of the total amount to be distributed to school districts for the fiscal year. Effective July 1, 2006.

Actions 
DateChamber Action
  1/27/2006HouseFiled with the Clerk by Rep. Calvin L. Giles
  1/27/2006HouseFirst Reading
  1/27/2006HouseReferred to Rules Committee
  1/9/2007HouseSession Sine Die

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