In CommitteeFiled Feb 6, 2026
Sponsor: Mary Beth Canty
Latest Action
Rule 19(a) / Re-referred to Rules Committee
Mar 27, 2026
Summary
The bill lets the Illinois State Comptroller, with the State Board of Education, give interest‑free loans to eligible Cook County school districts that face cash‑flow gaps because the Cook County Treasurer did not issue property tax bills on time. Loans cover only the amount needed for essential operations, must be repaid within 12 months when the delayed taxes arrive, and Cook County must reimburse the state for the lost interest. The measure aims to keep schools running smoothly despite billing delays.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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