Bill Text: IL SB2283 | 2009-2010 | 96th General Assembly | Engrossed

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Bill Title: Amends the School Code. With respect to requests for recomputation of a general State aid claim received regarding a county clerk's use of an estimate of equalized assessed valuation for multi-county jurisdictions that resulted in the calculation and use of a subsequent year limiting rate, utilized in the general State aid claim of a school district, that was different than the actual operating rate extended in the year subsequent to the use of the estimate, provides that the district's general State aid shall be recalculated in the first year applicable by substituting the operating tax rate, instead of the limiting rate, for the base tax year in the numerator of the Extension Limitation Ratio as calculated under the State aid formula provisions of the School Code. Provides that no such adjustment shall be made regarding the Extension Limitation Equalized Assessed Valuation unless the district's Extension Limitation Equalized Assessed Valuation is changed by greater than $5,000,000 or 5%. Provides that any subsequent year Available Local Resources that have been calculated under the State aid formula provisions shall utilize the recomputed value of the Extension Limitation Equalized Assessed Valuation that was determined from the preceding year recomputation until the district's current year State aid claim is calculated such that the original year and all subsequent year's recomputations are calculated and reflected in the current year general State aid claim. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Engrossed - Dead) 2009-05-31 - Rule 19(a) / Re-referred to Rules Committee [SB2283 Detail]

Download: Illinois-2009-SB2283-Engrossed.html

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AN ACT concerning education.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The School Code is amended by changing Section
2-3.33 as follows:
(105 ILCS 5/2-3.33) (from Ch. 122, par. 2-3.33)
Sec. 2-3.33. Recomputation of claims. To recompute within
3 years from the final date for filing of a claim any claim for
reimbursement to any school district if the claim has been
found to be incorrect and to adjust subsequent claims
accordingly, and to recompute and adjust any such claims within
6 years from the final date for filing when there has been an
adverse court or administrative agency decision on the merits
affecting the tax revenues of the school district. However, no
such adjustment shall be made regarding equalized assessed
valuation unless the district's equalized assessed valuation
is changed by greater than $250,000 or 2%.
Except in the case of an adverse court or administrative
agency decision no recomputation of a State aid claim shall be
made pursuant to this Section as a result of a reduction in the
assessed valuation of a school district from the assessed
valuation of the district reported to the State Board of
Education by the Department of Revenue under Section 18-8.05

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unless the requirements of Section 16-15 of the Property Tax
Code and Section 2-3.84 of this Code are complied with in all
respects.
This paragraph applies to all requests for recomputation of
a general State aid claim received after June 30, 2003. In
recomputing a general State aid claim that was originally
calculated using an extension limitation equalized assessed
valuation under paragraph (3) of subsection (G) of Section
18-8.05 of this Code, a qualifying reduction in equalized
assessed valuation shall be deducted from the extension
limitation equalized assessed valuation that was used in
calculating the original claim.
This paragraph applies to all requests for recomputation of
a general State aid claim received regarding a county clerk's
use of an estimate of equalized assessed valuation for
multi-county jurisdictions that resulted in the calculation
and use of a subsequent year limiting rate, utilized in the
general State aid claim of a school district, that was
different than the actual operating rate extended in the year
subsequent to the use of the estimate. The district's general
State aid shall be recalculated in the first year applicable by
substituting the operating tax rate, instead of the limiting
rate, for the base tax year in the numerator of the Extension
Limitation Ratio as calculated under paragraph (3) of
subsection (G) of Section 18-8.05 of this Code. However, no
such adjustment shall be made regarding the Extension

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Limitation Equalized Assessed Valuation unless the district's
Extension Limitation Equalized Assessed Valuation is changed
by greater than $5,000,000 or 5%. Furthermore, any subsequent
year Available Local Resources that have been calculated under
paragraph (3) of subsection (G) of Section 18-8.05 of this Code
shall utilize the recomputed value of the Extension Limitation
Equalized Assessed Valuation that was determined from the
preceding year recomputation until the district's current year
State aid claim is calculated such that the original year and
all subsequent year's recomputations are calculated and
reflected in the current year general State aid claim.
From the total amount of general State aid to be provided
to districts, adjustments as a result of recomputation under
this Section together with adjustments under Section 2-3.84
must not exceed $25 million, in the aggregate for all districts
under both Sections combined, of the general State aid
appropriation in any fiscal year; if necessary, amounts shall
be prorated among districts. If it is necessary to prorate
claims under this paragraph, then that portion of each prorated
claim that is approved but not paid in the current fiscal year
may be resubmitted as a valid claim in the following fiscal
year.
(Source: P.A. 93-845, eff. 7-30-04.)
Section 99. Effective date. This Act takes effect upon
becoming law.