CONVERT/FORM SCHOOL DISTRICT

Amends the School Code. Creates a new Article concerning the conversion and formation of school districts. Contains provisions concerning school district conversions; combined school district formation; unit school district formation; partial elementary unit school district formation; petitions; the holding of an election; taxes, bonds, and working cash funds; the effective date of a change; a map showing the change; assets, liabilities, bonded indebtedness, and tax rates; teachers in contractual continued service; limitations on contesting boundary changes; a limitation on successive petitions; a school district's nonrecognition status; unit district formation and a joint agreement vocational education program; and incentives. Repeals provisions concerning unit school district conversion in districts with not more than 250 students in grades 9 through 12, unit school district formation, school district combination, school district conversion, and supplementary State aid for new, annexing, and resulting districts. Makes related changes in the School Code and Election Code. Effective July 1, 2006.