SCH CD-CHI SCHOOL FINANCE AUTH House SponsorsRep. Curtis J. Tarver, II 1/7/2025HouseSession Sine Die 105 ILCS 5/34A-102from Ch. 122, par. 34A-102105 ILCS 5/34A-103from Ch. 122, par. 34A-103105 ILCS 5/34A-201from Ch. 122, par. 34A-201105 ILCS 5/34A-302from Ch. 122, par. 34A-302105 ILCS 5/34A-403from Ch. 122, par. 34A-403105 ILCS 5/34A-404from Ch. 122, par. 34A-404105 ILCS 5/34A-405.2105 ILCS 5/34A-602from Ch. 122, par. 34A-602105 ILCS 5/34A-604from Ch. 122, par. 34A-604105 ILCS 5/34A-606from Ch. 122, par. 34A-606 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. 11/12/2024HouseFiled with the Clerk by Rep. Curtis J. Tarver, II 11/12/2024HouseFirst Reading 11/12/2024HouseReferred to Rules Committee 1/7/2025HouseSession Sine Die