Amends the School Code. Provides that the depreciation allowance included under the amount of the tuition for a child from a home for orphans, dependent, abandoned, or maladjusted children shall exclude depreciation of assets paid from federal or donated funds.
Senate Floor Amendment No. 1: Replaces everything after the enacting clause. Amends the School Code. In provisions concerning the tuition of children from orphanages and children's homes, provides that, for any school district that (i) is designated as a Tier 1 or Tier 2 school district, (ii) has at least one school that is located on federal property, (iii) has an overall student population of no more than 4,500 students and no less than 2,500 students, and (iv) receives a federal Public Schools on Military Installations grant until June 30, 2030, the depreciation allowance shall exclude depreciation of the portion of a new school building that was constructed using federal or donated funds from the district's Capital Projects Fund and depreciation of the portion of a new school building that was constructed with private funds and donated to the school district upon completion.
House Committee Amendment No. 1: Replaces everything after the enacting clause with the provisions of the engrossed bill, and makes the following changes: Provides that for a new school building that was constructed using federal or donated funds from the school district's capital projects fund or a new school building that was constructed with private funds and donated to the school district upon completion, funds excluded from the depreciation allowance do not apply to expenses for maintenance and operations or future capital improvements that are paid from State or local aid revenue or any other non-excluded funds for the benefit of those school buildings. Corrects grammatical and reference errors.

Statutes affected:
Introduced: 105 ILCS 5/18
Engrossed: 105 ILCS 5/18
Enrolled: 105 ILCS 5/18