HB5186 Summary

• Extends the deadline for school boards and local public entities to levy a tort immunity tax for environmental liabilities from December 31, 2010 to December 31, 2014.

• Allows tax revenue to be used for paying judgments and settlements under the federal Comprehensive Environmental Response, Compensation, and Liability Act of 1980 and the Environmental Protection Act.

• Amends both the School Code (Section 17-2.5) and the Local Governmental and Governmental Employees Tort Immunity Act (Section 9-107) to implement the extended deadline.

• Tax revenues must be used only for specified purposes including environmental liability payments, insurance, risk management, and tort judgments, not for general operating expenses.