Friday, August 19, 2016
Alliance Legislative Report 99-52
Two bills have recently been signed into law that were initiated by the School Management Alliance. HB 5529 (Crespo, D-Hoffman Estates) extends by three years the expiration date of the law that allows for school districts to transfer monies between dedicated funds. This provision is a necessary tool that gives school districts additional flexibility in handling local finances. Historically, the provision has never been permanent but always contains a sunset date that requires legislative action to be renewed. The bill is now Public Act 99-0713, effective Aug. 5, 2016.
SB 2823 (Koehler), in the case of a residential property constructed or renovated by students as part of a curricular program, allows a school board, by a resolution adopted by at least two-thirds of the board members, to engage the services of a licensed real estate broker to sell the property for a commission not to exceed 7%, contingent on the sale of the property within 120 days. This initiative is the result of IASB’s Resolution and Delegate Assembly process, with the proposal having been adopted by school board members in 2015. The bill is now Public Act 99-0794, effective Jan. 1, 2017.
Click here to read the entire Alliance Legislative Report 99-52.