Bill Text: IL HB1267 | 2017-2018 | 100th General Assembly | Introduced
Bill Title: Amends the School Code. Makes a technical change in a Section concerning recomputation of State aid claims.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2019-01-08 - Session Sine Die [HB1267 Detail]
Download: Illinois-2017-HB1267-Introduced.html
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| 1 | AN ACT concerning education.
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| 2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
| 3 | represented in the General Assembly:
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| 4 | Section 5. The School Code is amended by changing Section | |||||||||||||||||||
| 5 | 2-3.33 as follows:
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| 6 | (105 ILCS 5/2-3.33) (from Ch. 122, par. 2-3.33)
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| 7 | Sec. 2-3.33. Recomputation of claims. To recompute within | |||||||||||||||||||
| 8 | 3 years from the
the
final date for filing of a claim any claim | |||||||||||||||||||
| 9 | for reimbursement to any school
district if the claim has been | |||||||||||||||||||
| 10 | found to be incorrect and to adjust subsequent
claims | |||||||||||||||||||
| 11 | accordingly, and to recompute and adjust any such claims within | |||||||||||||||||||
| 12 | 6 years
from the final date for filing when there has been an | |||||||||||||||||||
| 13 | adverse court or
administrative agency decision on
the merits | |||||||||||||||||||
| 14 | affecting the tax revenues of the school district. However, no | |||||||||||||||||||
| 15 | such
adjustment shall be made regarding equalized assessed | |||||||||||||||||||
| 16 | valuation unless the
district's equalized assessed valuation | |||||||||||||||||||
| 17 | is changed by greater than $250,000 or
2%.
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| 18 | Except in the case of an adverse court or administrative | |||||||||||||||||||
| 19 | agency decision
no recomputation of a
State aid claim shall be | |||||||||||||||||||
| 20 | made pursuant to this Section as a result of a
reduction in the | |||||||||||||||||||
| 21 | assessed valuation of a school district from the assessed
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| 22 | valuation of the district reported to the State Board of | |||||||||||||||||||
| 23 | Education by the
Department of Revenue under Section 18-8.05 | |||||||||||||||||||
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| 1 | unless the
requirements of Section
16-15 of the Property Tax | ||||||
| 2 | Code and Section 2-3.84 of this Code are
complied with in all | ||||||
| 3 | respects.
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| 4 | This paragraph applies to all requests for recomputation of | ||||||
| 5 | a general
State aid claim received after June 30, 2003. In | ||||||
| 6 | recomputing a general
State aid claim that was originally | ||||||
| 7 | calculated using an extension
limitation equalized assessed | ||||||
| 8 | valuation under paragraph (3) of
subsection (G) of Section | ||||||
| 9 | 18-8.05 of this Code, a qualifying reduction in
equalized | ||||||
| 10 | assessed valuation shall be deducted from the extension
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| 11 | limitation equalized assessed valuation that was used in | ||||||
| 12 | calculating the
original claim.
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| 13 | From the total amount of general State aid to be provided | ||||||
| 14 | to
districts, adjustments as a result of recomputation under | ||||||
| 15 | this Section
together with adjustments under Section 2-3.84 | ||||||
| 16 | must not exceed $25
million, in the aggregate for all districts | ||||||
| 17 | under both Sections combined,
of the general State aid | ||||||
| 18 | appropriation in any fiscal year; if necessary,
amounts shall | ||||||
| 19 | be prorated among districts. If it is necessary to prorate
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| 20 | claims under this paragraph, then that portion of each prorated | ||||||
| 21 | claim that is
approved but not paid in the current fiscal year | ||||||
| 22 | may be resubmitted as a
valid claim in the following fiscal | ||||||
| 23 | year.
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| 24 | (Source: P.A. 93-845, eff. 7-30-04.)
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