Sen. James T. Meeks
Filed: 5/13/2005
 
 

 




 

 		












09400HB0755sam004

LRB094 06595 BDD 46634 a






1

AMENDMENT TO HOUSE BILL 755 




2
    AMENDMENT NO. ______. Amend House Bill 755, AS AMENDED, 
3
with reference to page and line numbers of Senate  Amendment No. 
4
2, as follows:

 
5
on page 4, line 2, after "increased by", by inserting "the 
6
lesser of 3.5% or"; and
 
7
on page 49, line 27, after "fiscal year", by inserting ", 
8
unless the foundation level is increased by law to a higher 
9
amount"; and
 
10
on page 79, line 9, by changing "14-17.03" to "14-7.03"; and
 
11
on page 79, immediately below line 19, by inserting the 
12
following:
13
        "(7) On the first day of each month, or as soon 
14
    thereafter as practical, beginning on August 1, 2006, the 
15
    Treasurer shall transfer to the State Board of Education 
16
    $2,500,000 for the purposes of making grants under Sections 
17
    2-3.71, 2-3.71a, and 2-3.89 of this Code.  On August 1, 
18
    2007, and each August 1 thereafter, the monthly amount 
19
    transferred under this item (7) shall be increased by the 
20
    lesser of 3.5% or the percentage increase, in the previous 
21
    12-month period ending on June 31, of the Consumer Price 
22
    Index for all Urban Consumers published by the federal 
 


 






09400HB0755sam004
- 2 -
LRB094 06595 BDD 46634 a




1
    Bureau of Labor Statistics."; and 
 
2
on page 79, line 20, by changing "(7)" to "(8)".