Bill > SB2149

This bill amends the School Code to modify tuition calculations for school districts with specific characteristics. Specifically, the bill creates a special provision for school districts that are designated as Tier 1 or Tier 2, have at least one school located on federal property, have a student population between 2,500 and 4,500 students, and receive a federal Public Schools on Military Installations grant until June 30, 2030. For these districts, the depreciation allowance in tuition calculations will now exclude depreciation on new school buildings constructed using federal or donated funds from the district's Capital Projects Fund, as well as buildings constructed with private funds and donated to the school district upon completion. The bill clarifies that while these specific portions of new buildings are excluded from depreciation calculations, funds for their maintenance, operations, and future improvements can still be paid from state, local, or other non-excluded revenue sources. This change aims to provide financial flexibility for school districts with unique circumstances, particularly those near federal properties or with special funding arrangements.

Education

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2149&GAID=18&DocTypeID=SB&SessionID=114&GA=104