IL HB5906 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on November 12 2024 - 25% progression
Action: 2024-11-12 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the School Finance Authority Act of the School Code. Reinstates the School Finance Authority and reverts any powers, duties, rights, or property granted to the Chicago Board of Education upon the abolition of the original Authority established by the Article back to the Authority. Provides that any powers, duties, rights, or property granted to the Board before the abolition of the original Authority and after the reinstatement of the Authority under the amendatory Act shall remain vested in the Board. Updates the expiration dates of terms of the Chairman, the 2 Directors of the Authority appointed by the Governor, and the 2 Directors of the Authority appointed by the Mayor. Requires the Board to adopt and submit for approval a financial plan on or before March 1, 2026 and adopt and submit for approval a budget on or before February 1, 2026 with respect to the remaining portion of the fiscal year ending in 2026. Requires the Board, beginning in fiscal year 2028 and every second year thereafter, to adopt a financial plan covering a period of 2 fiscal years. Requires the Board to submit a staffing plan for the fiscal year ending in 2026 to the Authority within 90 days after the effective date of the amendatory Act. Makes other changes.

Tracking Information

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Title

SCH CD-CHI SCHOOL FINANCE AUTH

Sponsors


History

DateChamberAction
2024-11-12HouseReferred to Rules Committee
2024-11-12HouseFirst Reading
2024-11-12HouseFiled with the Clerk by Rep. Curtis J. Tarver, II

Code Citations

ChapterArticleSectionCitation TypeStatute Text
105534A-102Amended CodeCitation Text
105534A-103Amended CodeCitation Text
105534A-201Amended CodeCitation Text
105534A-302Amended CodeCitation Text
105534A-403Amended CodeCitation Text
105534A-404Amended CodeCitation Text
105534A-405.2Amended CodeCitation Text
105534A-602Amended CodeCitation Text
105534A-604Amended CodeCitation Text
105534A-606Amended CodeCitation Text

Illinois State Sources


Bill Comments

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