105 ILCS 5/17-2.2c
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 17 - Budgets--Tax Rates--Tax Warrants

 (from Ch. 122, par. 17-2.2c)Sec. 17-2.2c.   Tax for leasing educational facilities or computer technology  or both, and for temporary relocation expense purposes.  The school board of  any district, by proper resolution, may levy an annual tax, in  addition to any other taxes and not subject to the limitations specified  elsewhere in this Article, not to exceed .05% upon the value of the taxable  property as equalized or assessed by the Department of Revenue, for the purpose  of leasing educational facilities or computer technology or both, and, in order  to repay the State all moneys distributed to it for temporary relocation  expenses of the district, may levy an annual tax not to exceed .05% upon the  value of the taxable property as equalized or assessed by the Department of  Revenue for a period not to exceed 7 years for the purpose of providing for the  repayment of moneys distributed for temporary relocation expenses of the school  district pursuant to Section 2-3.77.The tax rate limit specified by this Section with respect to an annual  tax levied for the purpose of leasing educational facilities or computer  technology or both may be  increased to .10% upon the approval of a proposition to effect such  increase by a majority of the electors voting on that proposition at a  regular scheduled election.  Such proposition may be initiated by  resolution of the school board and shall be certified by the secretary to  the proper election authorities for submission in accordance with the  general election law.The tax rate limit specified in this Section may also be increased as provided in Section 17-2.2e.The district is authorized to pledge any tax levied pursuant to this  Section for the purpose of leasing educational facilities or computer  technology or both to secure the payment of any lease, lease-purchase  agreement, or installment purchase agreement entered into by the district for  such purpose.For the purposes of this Section, "leasing of educational facilities or  computer technology or both" includes any payment with respect to a lease,  lease-purchase agreement, or installment purchase agreement to acquire or use  buildings, rooms, grounds, and appurtenances to be used by the district for the  use of schools or for school administration purposes and all  equipment, fixtures, renovations, and improvements to existing facilities of  the district necessary to accommodate computers, as well as computer hardware  and software.Any school district may abolish or abate its fund for leasing educational  facilities or computer technology or both and for temporary relocation  expense purposes upon the adoption  of a resolution so providing and upon a determination by the school board that  the moneys in the fund are no longer needed for leasing educational facilities  or computer technology or both or for temporary relocation expense  purposes.  The resolution shall direct the  transfer of any balance in the fund to another school district fund or funds  immediately upon the resolution taking effect.  Thereafter, any outstanding  taxes of the school district levied pursuant to this Section shall be  collected and paid into the fund or funds as directed by the school board.  Nothing in this Section shall prevent a school district that has abolished or  abated the fund from again creating a fund for leasing educational facilities  and for temporary relocation expense purposes in the manner provided in this  Section.  (Source: P.A. 99-908, eff. 12-16-16.)