HB0473 Summary

• Amends the Counties Code to authorize school districts to share school facility occupation tax proceeds with municipalities through intergovernmental agreements for municipal infrastructure purposes.

• Requires school districts to obtain voter approval via referendum before entering into an agreement to share tax proceeds with a municipality located within the district's boundaries.

• Permits municipalities receiving shared proceeds to use funds exclusively for municipal infrastructure purposes.

• Amends the School Code Section 3-14.31 to explicitly authorize school districts to enter into intergovernmental agreements under the new provision while maintaining existing enrollment-based distribution of tax proceeds among school districts.