ACCELERATION OF SCHOOL FUNDING Senate SponsorsSen. Elgie R. Sims, Jr. 1/10/2023SenateSession Sine Die 40 ILCS 5/16-158from Ch. 108 1/2, par. 16-15840 ILCS 5/17-127from Ch. 108 1/2, par. 17-127105 ILCS 5/18-8.15Amends the evidence-based funding formula provisions of the School Code to make changes concerning the employee benefit investments calculation and the Adjusted Base Funding Minimum calculation in relation to the employer normal cost of teacher pensions and the Base Funding Minimum calculation in relation to excess State payments. Amends the Downstate and Chicago Teacher Articles of the Illinois Pension Code to make related changes. Effective immediately. 2/26/2021SenateFiled with Secretary by Sen. Elgie R. Sims, Jr. 2/26/2021SenateFirst Reading 2/26/2021SenateReferred to Assignments 3/23/2021SenateAssigned to Appropriations 3/23/2021SenateTo Appropriations- Education 4/16/2021SenateRule 3-9(a) / Re-referred to Assignments 1/10/2023SenateSession Sine Die