105 ILCS 5/2-3.77
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 2 - State Board of Education - Powers and Duties

 (from Ch. 122, par. 2-3.77)Sec. 2-3.77. Temporary relocation expenses.(a) The State Board of Education may distribute loan or grant  moneys  appropriated for temporary relocation expenses incurred by school districts  as a result of fires, earthquakes, tornados, mine subsidence, or other natural or  man-made disasters which destroy school  buildings, or as a result of the condemnation of a school building under  Section 3-14.22.  The State Board of Education shall by rule prescribe those  expenses which qualify as temporary relocation expenses and the manner of  determining and reporting the same, provided that such expenses shall be  deemed to include amounts reasonably required to be expended for the lease,  rental, and renovation of educational facilities and for additional  transportation and other expenses directly associated with the temporary  relocation and housing of the normal operations, activities, and affairs of  a school district.(b) Except as provided in subsection (c), no moneys appropriated to  the State  Board of Education for purposes of distribution in accordance with the  provisions of this Section shall be distributed to any school district  unless the school board of such district, as an express condition of any  such distribution, agrees to levy the tax provided for by Section 17-2.2c  at the maximum rate permitted thereunder and to pay to the State of  Illinois for deposit in the Temporary Relocation Expenses Revolving Grant  Fund (i) all proceeds of such  tax attributable to the first year and succeeding years for which the tax  is levied after moneys  appropriated for purposes of this Section have been distributed to the  school district, and (ii) all insurance proceeds which become payable to  the district under those provisions of any contract or policy of insurance  which provide reimbursement for or other coverage against loss with respect  to any temporary relocation expenses of the school district; provided, that  the aggregate of any tax and insurance proceeds paid by the school district  to the State pursuant to this Section shall not exceed in amount the moneys  distributed to the school district pursuant to this Section.(c) The State Board of Education may, from appropriations made for this  purpose from the Temporary Relocation Expenses Revolving Grant Fund, make  grants that do not require repayment to school districts that qualify for  temporary relocation assistance under this Section to the extent that the  amount of temporary relocation expenses incurred by a district exceeds the  amount that the district is able to repay to the State through insurance  proceeds and the tax levy authorized in Section 17-2.2c.(d) The Temporary Relocation Expenses Revolving Grant Fund is hereby  established as a special fund within the State treasury.  Appropriations and  amounts that school districts repay to the State under subsection (b) of this  Section shall be deposited into that Fund.  If the balance in that Fund exceeds  $3,000,000, the excess shall be transferred into the General Revenue Fund.(e) The State Board  of Education shall promulgate such rules and regulations, not inconsistent  with the provisions of this Section, as are necessary to provide for the  distribution of loan and grant moneys and for the  repayment of loan moneys  distributed pursuant to this Section.  (Source: P.A. 96-102, eff. 7-29-09.)