SCHOOL CONSTRUCTION GRANTS

Amends the School Construction Law. With regard to early childhood construction grants, provides that (i) a public school district assigned to Tier 1 under the evidence-based funding formula under the School Code or any other eligible entity in an area encompassed by that district must provide local matching funds in an amount equal to 3% of the awarded grant, (ii) a public school district assigned to Tier 2 under the evidence-based funding formula or any other eligible entity in an area encompassed by that district must provide local matching funds in an amount equal to 7.5% of the awarded grant, (iii) a public school district assigned to Tier 3 under the evidence-based funding formula or any other eligible entity in an area encompassed by that district must provide local matching funds in an amount equal to 8.75% of the awarded grant, and (iv) a public school district assigned to Tier 4 under the evidence-based funding formula or any other eligible entity in an area encompassed by that district must provide local matching funds in an amount equal to 10% of the awarded grant (rather than providing that a public school district or other eligible entity must provide local matching funds in an amount equal to 10% of the grant). Effective immediately.