96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB2471


 
Introduced 2/19/2009, by Rep. Cynthia Soto
 
SYNOPSIS AS INTRODUCED:
 		












105 ILCS 5/2-3.33
  from Ch. 122, par. 2-3.33









    Amends the School Code.  Makes a technical change in a Section concerning
recomputation of State aid claims.
















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A BILL FOR









 











HB2471

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1
    AN ACT concerning education.

 
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    Be it enacted by the People of the State of Illinois, 
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represented in the General Assembly: 

 
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    Section 5. The School Code is amended by changing Section 
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2-3.33 as follows:
 
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    (105 ILCS 5/2-3.33)  (from Ch. 122, par. 2-3.33)

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    Sec. 2-3.33. Recomputation of claims.  To recompute within 
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3 years from the
the
final date for filing of a claim any claim 
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for reimbursement to any school
district if the claim has been 
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found to be incorrect and to adjust subsequent
claims 
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accordingly, and to recompute and adjust any such claims within 
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6 years
from the final date for filing when there has been an 
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adverse court or
administrative agency decision on
the merits 
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affecting the tax revenues of the school district.  However, no 
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such
adjustment shall be made regarding equalized assessed 
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valuation unless the
district's equalized assessed valuation 
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is changed by greater than $250,000 or
2%.

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    Except in the case of an adverse court or administrative 
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agency decision
no recomputation of a
State aid claim shall be 
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made pursuant to this Section as a result of a
reduction in the 
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assessed valuation of a school district from the assessed

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valuation of the district reported to the State Board of 
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Education by the
Department of Revenue under Section 18-8.05 
 


 






HB2471
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1
unless the
requirements of Section
16-15 of the Property Tax 
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Code and Section 2-3.84 of this Code are
complied with in all 
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respects.


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    This paragraph applies to all requests for recomputation of 
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a general
State aid claim received after June 30, 2003. In 
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recomputing a general
State aid claim that was originally 
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calculated using an extension
limitation equalized assessed 
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valuation under paragraph (3) of
subsection (G) of Section 
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18-8.05 of this Code, a qualifying reduction in
equalized 
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assessed valuation shall be deducted from the extension

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limitation equalized assessed valuation that was used in 
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calculating the
original claim.

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    From the total amount of general State aid to be provided 
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to
districts, adjustments as a result of recomputation under 
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this Section
together with adjustments under Section 2-3.84 
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must not exceed $25
million, in the aggregate for all districts 
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under both Sections combined,
of the general State aid 
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appropriation in any fiscal year; if necessary,
amounts shall 
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be prorated among districts. If it is necessary to prorate

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claims under this paragraph, then that portion of each prorated 
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claim that is
approved but not paid in the current fiscal year 
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may be resubmitted as a
valid claim in the following fiscal 
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year.


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(Source: P.A. 93-845, eff. 7-30-04.)