105 ILCS 230/5-5
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 230/ - School Construction Law.|Article 5

Sec. 5-5. Definitions. As used in this Article:"Approved school construction bonds" mean bonds that were approved by  referendum after January 1, 1996 but prior to January 1, 1998 as provided in  Sections 19-2 through 19-7 of the School Code to provide funds for the  acquisition, development, construction, reconstruction, rehabilitation,  improvement, architectural planning, and installation of capital facilities  consisting of buildings, structures, durable-equipment, and land for  educational purposes."Grant index" means a figure for each school district equal to one minus the  ratio of the district's equalized assessed valuation per pupil in average daily  attendance to the equalized assessed valuation per pupil in average daily  attendance of the district located at the 90th percentile for all districts of  the same category.  For the purpose of calculating the grant index, school districts are  grouped  into 2 categories, Category I and Category II.  Category I consists of  elementary and unit school districts.  The equalized assessed valuation  per pupil in average daily attendance of each school district in Category I  shall be computed using its grades kindergarten through 8 average daily  attendance figure.  A unit school district's Category I grant index shall be  used  for projects or portions of projects constructed for elementary school  pupils.  Category II consists of high school and unit school districts.  The  equalized assessed valuation per pupil in average daily attendance of  each school district in Category II shall be computed using its grades 9  through 12 average daily attendance figure.  A unit school district's Category  II  grant index shall be used for projects or portions of projects constructed  for high school pupils.   The changes  made by this amendatory Act of the 92nd General Assembly apply  to all grants made on or after the effective date of this amendatory Act,  provided that for grants not yet made on the effective date of this amendatory  Act but made in fiscal year 2001 and for grants made  in fiscal  year 2002, the grant index for a school district shall be the  greater of (i) the grant index as calculated under this Law on or after the  effective date of this amendatory  Act or (ii) the grant index as calculated under this Law before the effective  date of this  amendatory Act.   The grant index shall be no less than 0.35 and no greater than  0.75 for each district; provided that the grant index for districts whose  equalized assessed valuation per pupil in average daily attendance is at the  99th percentile and above for all districts of the same type shall be 0.00.The grant index shall be calculated for each of those school districts forming a reorganized school district or cooperative high school if  one or more of the following happen within the current or prior 2 fiscal years:(1) a new school district is created in accordance     with Article 11E of the School Code;(2) an existing school district annexes all of the     territory of one or more entire other school districts in accordance with Article 7 of the School Code; or(3) a cooperative high school is formed in accordance     with Section 10-22.22c of the School Code.The average grant index of those school districts shall be used as the grant index for the newly reorganized district or cooperative high school."School construction project" means the acquisition, development,  construction, reconstruction, rehabilitation, improvement, architectural  planning, and installation of capital facilities consisting of buildings,  structures, durable equipment, and land for educational purposes."School  district"  means  a school district or a Type 40 area vocational center that is jointly owned if the joint agreement includes language that specifies how the debt obligation is to be paid, including in the event that an entity withdraws from the joint agreement."School district" includes a cooperative high school, which shall be considered a high school district for the purpose of calculating its grant index."School maintenance project" means a project, other than a school  construction project, intended to provide for the maintenance or upkeep  of buildings or structures for educational purposes, but does not include  ongoing operational costs.  (Source: P.A. 96-731, eff. 8-25-09; 96-1381, eff. 1-1-11.)