SCH ENERGY EFFICIENCY GRANTS

Amends the Illinois Grant Funds Recovery Act and the School Construction Law. Provides that, notwithstanding the Illinois Grant Funds Recovery Act's 2-year time limitation on grant fund expenditures, for school energy efficiency grants awarded in 2014, grant funds may be made available for expenditure by a grantee for a period of 4 years from the date the funds were distributed by the State. Provides that any school energy efficiency grant funds not expended or legally obligated by the end of the grant agreement must be returned to the grantor agency within 45 days if the funds are not already on deposit with the grantor agency or the State Treasurer, and such returned funds must be deposited into the fund from which the original grant disbursement to the grantee was made. Effective immediately.