SCH CD K-3 CLASS SIZE REDUC

Amends the School Code. Creates a K-3 class size reduction grant program to be implemented and administered by the State Board of Education. Requires that the grant criteria prescribed by the State Board provide that (i) only those districts that maintain grades kindergarten through 3 shall be grant eligible, (ii) no grant funds shall be used for grades other than kindergarten through 3, (iii) no grant funds shall be awarded to a district if the average class size in grades kindergarten through 3 is already 18 pupils or fewer, and (iv) where feasible, districts must target these grant funds to the grade level where class sizes are highest or to the school or schools where class sizes are highest. Effective July 1, 2003.