Illinois General Assembly - Full Text of SB0060
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Full Text of SB0060  102nd General Assembly


Rep. Maurice A. West, II

Filed: 5/18/2021





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2    AMENDMENT NO. ______. Amend Senate Bill 60 by replacing
3line 13 on page 8 through line 20 on page 9 with the following:
4    "(105 ILCS 5/18-4.4)  (from Ch. 122, par. 18-4.4)
5    Sec. 18-4.4. Tax Equivalent Grants. When any State
6institution is located in a school district in which the State
7owns 45% or more of the total land area of the district, the
8State Superintendent of Education shall annually direct the
9State Comptroller to pay the amount of the tax-equivalent
10grants provided in this Section, and the State Comptroller
11shall draw his warrant upon the State Treasurer for the
12payment of the grants. For fiscal year 1995 and each fiscal
13year thereafter, the grant shall equal 0.5% of the equalized
14assessed valuation of the land owned by the State (computing
15that equalized assessed valuation by multiplying the average
16value per taxable acre of the school district by the total



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1number of acres of land owned by the State). Annually on or
2before September 15, 1994 and July 1, thereafter, the district
3superintendent shall certify to the State Board of Education
4the following matters:
5        1. The name of the State institution.
6        2. The total land area of the district in acres.
7        3. The total ownership of the land of the State in
8    acres.
9        4. The total equalized assessed value of all the land
10    in the district.
11        5. The rate of school tax payable in the year.
12        6. The computed amount of the tax-equivalent grant
13    claimed.
14    Failure of any district superintendent to certify the
15claim for the tax-equivalent grant on or before September 15,
161994 or July 1 of a subsequent year shall constitute a
17forfeiture by the district of its right to such grant for the
18school year.
19    Notwithstanding any provision of law to the contrary or
20the disposition of State property which would affect the
21allocation of grants under this Section, a tax-equivalent
22grant may be awarded to a school district in which the State
23owns 40% or more of the total land area of the district if, as
24of the effective date of this amendatory Act of the 102nd
25General Assembly, the school district would otherwise qualify
26for a tax-equivalent grant under this Section as a district in



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1which the State owns 45% or more of the total land area.
2(Source: P.A. 91-723, eff. 6-2-00.)".