COM COL-OP GRANT-HOLD HARMLESS

Amends the Public Community College Act. With respect to State grants to community college districts, provides that, beginning with the 2008 fiscal year, if the base operating grant amount that a community college district (other than the City Colleges of Chicago) receives from current fiscal year appropriations is less than the base operating grant amount that the district received from the previous fiscal year's appropriations, then the Illinois Community College Board shall make a supplemental payment to the district on or before June 30 of the current fiscal year in an amount equal to the difference between the base operating grant amount that the district received from current fiscal year appropriations and the base operating grant amount received from the previous fiscal year's appropriations. Also provides for supplemental payments on or before June 30, 2007 for base operating grants received from fiscal year 2006 and 2007 appropriations. Effective immediately.