House Sponsors: KOSEL-LYONS,EILEEN-ZICKUS-HANNIG-YOUNGE, KLINGLER, WINTERS, WAIT, COWLISHAW, BOST, POE, JONES,JOHN, PANKAU, MOORE,ANDREA, MITCHELL, BRADY, WOOD, DURKIN, MULLIGAN, BIGGINS, TENHOUSE, WINKEL, DEUCHLER, BLACK, STEPHENS, MEYER, GASH, MOORE,EUGENE, GIGLIO, WOJCIK, COULSON, PERSICO, MURPHY AND PHELPS. Senate Sponsors: MAHAR-PARKER-LAUZEN-BERMAN-WALSH,L Short description: SCHOOLS-HOLD HARMLESS FUNDING Synopsis of Bill as introduced: Amends the School Code. Revises the State aid formula applicable during the 1998-99 and subsequent school years. Deletes language requiring that if the aggregate amount of any hold-harmless payments that school districts are to receive in any such school year, as computed under the applicable formula for that school year, is greater than the aggregate amount appropriated for that purpose, the hold-harmless payments that school districts receive for that school year are to be prorated accordingly. Also amends the General State Aid Continuing Appropriation Law. Changes the Law's short title and includes hold-harmless payments required to be made to school districts under the State aid formula within the ambit of that Law's application. Effective immediately, except the amendment of the School Code takes effect July 1, 1998. FISCAL NOTE (State Board of Education) Potential cost to Illinois, above the FY98 level, is $20 M in 1999-2000 and $40 M in 2000-2001. STATE MANDATES FISCAL NOTE (State Board of Education) No change from SBE fiscal note. Last action on Bill: PUBLIC ACT.............................. 90-0654 Last action date: 98-07-29 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status