093_HB3477

 
                                     LRB093 09465 DRH 09700 b

 1        AN ACT concerning highways.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The  Illinois  Highway  Code  is  amended  by
 5    adding Section 4-219 as follows:

 6        (605 ILCS  5/4-219 new)
 7        Sec. 4-219.  Transfer of property from the Illinois State
 8    Toll  Highway Authority.  On or before December 31, 2003, the
 9    Illinois State Toll Highway Authority shall transfer  all  of
10    its   records,   documents,   property,  and  assets  to  the
11    Department.  The Department shall succeed to all  rights  and
12    interests of the Illinois State Toll Highway Authority at the
13    close of the Illinois State Toll Highway Authority's business
14    on  December  31,  2003,  including  any  right  or  interest
15    relating  to  any  cause  of  action  then in existence.  The
16    Department shall take over management and  operation  of  the
17    existing  toll  highways in the State and shall be authorized
18    to establish  tolls,  rates,  and  charges  for  use  of  the
19    highways  and pledge the income from the toll highways, after
20    maintenance  and  operation   costs,   to   the   outstanding
21    indebtedness  incurred  by  the  Illinois  State Toll Highway
22    Authority.

23        Section 10.  The Toll Highway Act is  amended  by  adding
24    Section 40 as follows:

25        (605 ILCS 10/40 new)
26        Sec. 40.  Abolishing the Authority.
27        (a)  It  is  the intention and purpose of this amendatory
28    Act of the 93rd General Assembly that the Authority shall  be
29    abolished and the terms of its chairman and directors holding
 
                            -2-      LRB093 09465 DRH 09700 b
 1    office  shall  expire  on January 1, 2004.  At that time, the
 2    management and operation of the existing toll highways  shall
 3    be transferred to the Illinois Department of Transportation.
 4        (b)  All   duties  and  obligations,  together  with  all
 5    records, documents, property, and assets,  of  the  Authority
 6    shall   be   transferred   to   the  Illinois  Department  of
 7    Transportation at the close of business on December 31, 2003.
 8        (c)  All powers of the Authority, including the power  to
 9    issue  bonds, shall be transferred to the Illinois Department
10    of Transportation at the close of business  on  December  31,
11    2003.
12        (d)  All  employees of the Authority on December 31, 2003
13    shall  become  employees  of  the  Illinois   Department   of
14    Transportation,  subject  to  layoff or reorganization by the
15    Illinois Department of Transportation.
16        (e)  On or before December 31, 2003, the Authority  shall
17    terminate  the  Illinois State Toll Highway Authority Defined
18    Benefit Pension Plan and distribute the assets of the plan in
19    accordance  with  the  terms  of  the  plan  and  any   other
20    requirements imposed by State or federal law.
21        (f)  On and after January 1, 2004, the advisory committee
22    created  under  Section  3.1  shall  meet  with  the Illinois
23    Department of Transportation  and  shall  advise  it  on  all
24    matters relating to policy and the administration of the toll
25    highway  system.   By January 1, 2015, the advisory committee
26    shall provide recommendations to the Illinois  Department  of
27    Transportation  regarding the existing toll highways becoming
28    freeways by January 1, 2015 or sooner.

29        Section 99.  Effective date.  This Act takes effect  upon
30    becoming law.