WALSH,L-WELCH. 35 ILCS 200/18-200 105 ILCS 5/18-8.05 Amends the Property Tax Code and the School Code. Provides that a school district's eligibility for a General State Aid Adjustment Grant shall not be impaired as a result of its Operating Tax Rate falling below prescribed tax rate requirements of the State aid formula due to the operation of the Property Tax Limitation Law. Provides that those tax rate requirements are met if the district's Operating Tax Rate, absent any reduction made by the county clerk under the Property Tax Extension Limitation Law, would have been at the eligibility level established in the State aid formula. Effective July 1, 1998. 98-02-20 S FIRST READING 98-02-20 S REFERRED TO SENATE RULES COMMITTEE RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary