SCH CONSTRUCT GRANT-PROP TAX House SponsorsRep. Stephanie A. Kifowit, Keith R. Wheeler, Mark Batinick, Deb Conroy and Sue Scherer Senate Sponsors(Sen. Linda Holmes) 1/10/2017HouseSession Sine Die 105 ILCS 5/17-2from Ch. 122, par. 17-2105 ILCS 230/5-35 Amends the School Code and the School Construction Law. Provides that if a school district, other than Chicago school district, in any fiscal year receives school construction project grant funds for a school construction project for which the district has a levy and the district has any outstanding debt on that construction project, then the district shall use the grant funds to first pay off that outstanding debt and shall reduce the levy by an amount equal to the amount of the grant funds used to pay off the outstanding debt. Effective immediately.House Floor Amendment No. 1 Replaces everything after the enacting clause. Reinserts the contents of the introduced bill with the following changes: provides that if a school district receives school construction project grant funds for a school construction project for which the district has a bond and interest levy (rather than a levy) and the district has any outstanding debt on that construction project, then the district shall use a minimum of 80% of the grant funds to first defease or redeem any outstanding debt and shall reduce the debt levy by an amount equal to or greater than the amount of the grant funds used to pay off outstanding debt within the first 5 levy years of receiving the funds (rather than the grant funds be used to first pay off that outstanding debt and then the levy be reduced by an amount equal to the amount of the grant funds used to pay off the outstanding debt). Provides that any remaining funds not required to defease or redeem any outstanding debt shall be used at the discretion of the district to fund capital improvements related to school construction projects. Effective immediately. 2/27/2015HouseFiled with the Clerk by Rep. Stephanie A. Kifowit 2/27/2015HouseFirst Reading 2/27/2015HouseReferred to Rules Committee 3/12/2015HouseAssigned to Revenue & Finance Committee 3/13/2015HouseTo Property Tax Subcommittee 3/19/2015HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000 3/19/2015HouseRemains in Revenue & Finance Committee 3/19/2015HouseDo Pass / Short Debate Revenue & Finance Committee; 013-000-000 3/19/2015HousePlaced on Calendar 2nd Reading - Short Debate 3/19/2015HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Stephanie A. Kifowit 3/19/2015HouseHouse Floor Amendment No. 1 Referred to Rules Committee 3/24/2015HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000 3/26/2015HouseAdded Co-Sponsor Rep. Keith R. Wheeler 3/26/2015HouseSecond Reading - Short Debate 3/26/2015HouseHouse Floor Amendment No. 1 Adopted 3/26/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/14/2015HouseThird Reading - Short Debate - Passed 113-000-000 4/14/2015HouseAdded Co-Sponsor Rep. Mark Batinick 4/14/2015HouseAdded Co-Sponsor Rep. Deb Conroy 4/14/2015HouseAdded Co-Sponsor Rep. Sue Scherer 4/14/2015SenateArrive in Senate 4/14/2015SenatePlaced on Calendar Order of First Reading April 15, 2015 4/14/2015SenateChief Senate Sponsor Sen. Linda Holmes 4/15/2015SenateFirst Reading 4/15/2015SenateReferred to Assignments 4/29/2015SenateAssigned to Education 5/6/2015SenatePostponed - Education 5/13/2015SenatePostponed - Education 5/15/2015SenateRule 2-10 Committee Deadline Established As May 31, 2015 5/22/2015SenateRule 2-10 Third Reading Deadline Established As May 31, 2015 10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments 1/10/2017HouseSession Sine Die