97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB2572

 

Introduced 1/11/2012, by Sen. Susan Garrett

 

SYNOPSIS AS INTRODUCED:
 
See Index

    Amends the Metropolitan Transit Authority Act. Provides that if the Board of the Regional Transportation Authority determines that the budget, financial plan, and five-year capital program do not match the Regional Transportation Authority's five-year capital program prioritization list, then the Board of the Metropolitan Transit Authority shall make the changes necessary to meet those requirements. Makes other changes. Amends the Regional Transportation Authority Act. Requires that the Service Boards submit certain reports quarterly (now, annually). Sets forth guidelines concerning a Service Board's strategic plan. Provides that the Regional Transportation Authority may withhold capital project funding or any discretionary funding if a Service Board's strategic plan is excessively inconsistent with the Authority's strategic plan. Provides that the Regional Transportation Authority shall prioritize capital projects based on certain criteria, and that projects listed on the aggregated and prioritized list are the only projects eligible for capital funding, except in the case of an emergency declared by the Governor or the Board. Provides that if the Commuter Rail Board's and the Suburban Bus Board's budget and financial plan do not match the Regional Transportation Authority's five-year capital program prioritization list, then the Commuter Rail Board or Suburban Bus Board, as applicable, shall make the changes necessary to meet those requirements. Sets forth requirements concerning Service Boards' financial reports and budget proposals. Provides that if the Regional Transportation Authority finds that a Service Board violated certain requirements, then the Authority shall withhold specified funding. Sets forth procedures that a Service Board must take to reestablish the funding. Makes other changes.


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FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

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1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Metropolitan Transit Authority Act is
5amended by changing Section 34 as follows:
 
6    (70 ILCS 3605/34)  (from Ch. 111 2/3, par. 334)
7    Sec. 34. Budget and Program. The Authority, subject to the
8powers of the Regional Transportation Authority in Section 4.11
9of the Regional Transportation Authority Act, shall control the
10finances of the Authority. It shall by ordinance appropriate
11money to perform the Authority's purposes and provide for
12payment of debts and expenses of the Authority. Each year the
13Authority shall prepare and publish a comprehensive annual
14budget and five-year capital program document, and a financial
15plan for the 2 years thereafter describing the state of the
16Authority and presenting for the forthcoming fiscal year and
17the two following years the Authority's plans for such
18operations and capital expenditures as it intends to undertake
19and the means by which it intends to finance them. The proposed
20budget, financial plan, and five-year capital program shall be
21based on the Regional Transportation Authority's estimate of
22funds to be made available to the Authority by or through the
23Regional Transportation Authority and shall conform in all

 

 

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1respects to the requirements established by the Regional
2Transportation Authority. The proposed budget, financial plan,
3and five-year capital program shall contain a statement of the
4funds estimated to be on hand at the beginning of the fiscal
5year, the funds estimated to be received from all sources for
6such year and the funds estimated to be on hand at the end of
7such year. The proposed budget, financial plan, and five-year
8capital program shall be available at no cost for public
9inspection at the Authority's main office and at the Regional
10Transportation Authority's main office at least 3 weeks prior
11to any public hearing. Before the proposed budget, financial
12plan, and five-year capital program are submitted to the
13Regional Transportation Authority, the Authority shall hold at
14least one public hearing thereon in each of the counties in
15which the Authority provides service. All Board members of the
16Authority shall attend a majority of the public hearings unless
17reasonable cause is given for their absence. After the public
18hearings, the Board of the Authority shall hold at least one
19meeting for consideration of the proposed program and budget
20with the Cook County Board. After conducting such hearings and
21holding such meetings and after making such changes in the
22proposed budget, financial plan, and five-year capital program
23as the Board deems appropriate, it shall adopt an annual budget
24ordinance at least by November 15th preceding the beginning of
25each fiscal year. The budget, financial plan, and five-year
26capital program shall then be submitted to the Regional

 

 

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1Transportation Authority as provided in Section 4.11 of the
2Regional Transportation Authority Act. In the event that the
3Board of the Regional Transportation Authority determines that
4the budget, financial plan, and five-year capital program do
5not meet the standards of said Section 4.11 or match the
6Regional Transportation Authority's five-year capital program
7prioritization list set forth in Section 2.01b of the Regional
8Transportation Authority Act, the Board of the Authority shall
9make such changes as are necessary to meet such requirements
10and adopt an amended budget ordinance. The amended budget
11ordinance shall be resubmitted to the Regional Transportation
12Authority pursuant to said Section 4.11. The ordinance shall
13appropriate such sums of money as are deemed necessary to
14defray all necessary expenses and obligations of the Authority,
15specifying purposes and the objects or programs for which
16appropriations are made and the amount appropriated for each
17object or program. Additional appropriations, transfers
18between items and other changes in such ordinance which do not
19alter the basis upon which the balanced budget determination
20was made by the Regional Transportation Authority may be made
21from time to time by the Board.
22    The budget shall:
23        (i) show a balance between (A) anticipated revenues
24    from all sources including operating subsidies and (B) the
25    costs of providing the services specified and of funding
26    any operating deficits or encumbrances incurred in prior

 

 

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1    periods, including provision for payment when due of
2    principal and interest on outstanding indebtedness;
3        (ii) show cash balances including the proceeds of any
4    anticipated cash flow borrowing sufficient to pay with
5    reasonable promptness all costs and expenses as incurred;
6        (iii) provide for a level of fares or charges and
7    operating or administrative costs for the public
8    transportation provided by or subject to the jurisdiction
9    of the Board sufficient to allow the Board to meet its
10    required system generated revenue recovery ratio as
11    determined in accordance with subsection (a) of Section
12    4.11 of the Regional Transportation Authority Act;
13        (iv) be based upon and employ assumptions and
14    projections which are reasonable and prudent;
15        (v) have been prepared in accordance with sound
16    financial practices as determined by the Board of the
17    Regional Transportation Authority;
18        (vi) meet such other financial, budgetary, or fiscal
19    requirements that the Board of the Regional Transportation
20    Authority may by rule or regulation establish; and
21        (vii) be consistent with the goals and objectives
22    adopted by the Regional Transportation Authority in the
23    Strategic Plan set forth in Section 2.01a of the Regional
24    Transportation Authority Act.
25    The Board shall establish a fiscal operating year. At least
26thirty days prior to the beginning of the first full fiscal

 

 

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1year after the creation of the Authority, and annually
2thereafter, the Board shall cause to be prepared a tentative
3budget which shall include all operation and maintenance
4expense for the ensuing fiscal year. The tentative budget shall
5be considered by the Board and, subject to any revision and
6amendments as may be determined, shall be adopted prior to the
7first day of the ensuing fiscal year as the budget for that
8year. No expenditures for operations and maintenance in excess
9of the budget shall be made during any fiscal year except by
10the affirmative vote of at least five members of the Board. It
11shall not be necessary to include in the annual budget any
12statement of necessary expenditures for pensions or retirement
13annuities, or for interest or principal payments on bonds or
14certificates, or for capital outlays, but it shall be the duty
15of the Board to make provision for payment of same from
16appropriate funds. The Board may not alter its fiscal year
17without the prior approval of the Board of the Regional
18Transportation Authority.
19(Source: P.A. 95-708, eff. 1-18-08.)
 
20    Section 10. The Regional Transportation Authority Act is
21amended by changing Sections 2.01a, 2.01b, 3A.10, 3B.10, 4.01,
22and 4.11 as follows:
 
23    (70 ILCS 3615/2.01a)
24    Sec. 2.01a. Strategic Plan.

 

 

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1    (a) By the affirmative vote of at least 12 of its then
2Directors, the Authority shall adopt a Strategic Plan, no less
3than every 5 years, after consultation with the Service Boards
4and after holding a minimum of 3 public hearings in Cook County
5and one public hearing in each of the other counties in the
6region. The Executive Director of the Authority shall review
7the Strategic Plan on an ongoing basis and make recommendations
8to the Board of the Authority with respect to any update or
9amendment of the Strategic Plan. The Strategic Plan shall
10describe the specific actions to be taken by the Authority and
11the Service Boards to provide adequate, efficient, and
12coordinated public transportation.
13    (b) The Strategic Plan shall identify goals and objectives
14with respect to:
15        (i) increasing ridership and passenger miles on public
16    transportation funded by the Authority;
17        (ii) coordination of public transportation services
18    and the investment in public transportation facilities to
19    enhance the integration of public transportation
20    throughout the metropolitan region;
21        (iii) coordination of fare and transfer policies to
22    promote transfers by riders among Service Boards,
23    transportation agencies, and public transportation modes,
24    which may include goals and objectives for development of a
25    universal fare instrument that riders may use
26    interchangeably on all public transportation funded by the

 

 

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1    Authority, and methods to be used to allocate revenues from
2    transfers;
3        (iv) improvements in public transportation facilities
4    to bring those facilities into a state of good repair,
5    enhancements that attract ridership and improve customer
6    service, and expansions needed to serve areas with
7    sufficient demand for public transportation;
8        (v) access for transit-dependent populations,
9    including access by low-income communities to places of
10    employment, utilizing analyses provided by the Chicago
11    Metropolitan Agency for Planning regarding employment and
12    transportation availability, and giving consideration to
13    the location of employment centers in each county and the
14    availability of public transportation at off-peak hours
15    and on weekends;
16        (vi) the financial viability of the public
17    transportation system, including both operating and
18    capital programs;
19        (vii) limiting road congestion within the metropolitan
20    region and enhancing transit options to improve mobility;
21    and
22        (viii) such other goals and objectives that advance the
23    policy of the State to provide adequate, efficient, and
24    coordinated public transportation in the metropolitan
25    region.
26    (c) The Strategic Plan shall establish the process and

 

 

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1criteria by which proposals for capital improvements by a
2Service Board or a transportation agency will be evaluated and
3prioritized pursuant to Section 2.01b of this Act by the
4Authority for inclusion in the Five-Year Capital Program, which
5may include criteria for:
6        (i) allocating funds among maintenance, enhancement,
7    and expansion improvements;
8        (ii) projects to be funded from the Innovation,
9    Coordination, and Enhancement Fund;
10        (iii) projects intended to improve or enhance
11    ridership or customer service;
12        (iv) design and location of station or transit
13    improvements intended to promote transfers, increase
14    ridership, and support transit-oriented land development;
15        (v) assessing the impact of projects on the ability to
16    operate and maintain the existing transit system; and
17        (vi) other criteria that advance the goals and
18    objectives of the Strategic Plan.
19    (d) The Strategic Plan shall establish performance
20standards and measurements regarding the adequacy, efficiency,
21and coordination of public transportation services in the
22region and the implementation of the goals and objectives in
23the Strategic Plan. At a minimum, such standards and measures
24shall include customer-related performance data measured by
25line, route, or sub-region, as determined by the Authority, on
26the following:

 

 

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1        (i) travel times and on-time performance;
2        (ii) ridership data;
3        (iii) equipment failure rates;
4        (iv) employee and customer safety; and
5        (v) customer satisfaction.
6    The Service Boards and transportation agencies that
7receive funding from the Authority or Service Boards shall
8prepare, publish, and submit to the Authority such reports with
9regard to these standards and measurements in the frequency and
10form required by the Authority; however, the frequency of such
11reporting shall be quarterly and due on March 1st, June 1st,
12September 1st, and December 1st no less than annual. The
13Service Boards shall publish such reports on their respective
14websites. The Authority shall compile and publish such reports
15on its website. Such performance standards and measures shall
16not be used as the basis for disciplinary action against any
17employee of the Authority or Service Boards, except to the
18extent the employment and disciplinary practices of the
19Authority or Service Board provide for such action.
20    (d-5) It is the responsibility of the Service Boards to
21work in good faith with the Authority to submit strategic plans
22that conform to and are consistent with the Authority's
23strategic plan. The Authority may withhold capital project
24funding pursuant to Section 4.11 of this Act or any
25discretionary funding if a Service Board's strategic plan is
26excessively inconsistent with the Authority's strategic plan.

 

 

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1    (e) The Strategic Plan shall identify innovations to
2improve the delivery of public transportation and the
3construction of public transportation facilities.
4    (f) The Strategic Plan shall describe the expected
5financial condition of public transportation in the
6metropolitan region prospectively over a 10-year period, which
7may include information about the cash position and all known
8obligations of the Authority and the Service Boards including
9operating expenditures, debt service, contributions for
10payment of pension and other post-employment benefits, the
11expected revenues from fares, tax receipts, grants from the
12federal, State, and local governments for operating and capital
13purposes and issuance of debt, the availability of working
14capital, and the resources needed to achieve the goals and
15objectives described in the Strategic Plan.
16    (g) In developing the Strategic Plan, the Authority shall
17rely on such demographic and other data, forecasts, and
18assumptions developed by the Chicago Metropolitan Agency for
19Planning with respect to the patterns of population density and
20growth, projected commercial and residential development, and
21environmental factors, within the metropolitan region and in
22areas outside the metropolitan region that may impact public
23transportation utilization in the metropolitan region. Before
24adopting or amending any Strategic Plan, the Authority shall
25consult with the Chicago Metropolitan Agency for Planning
26regarding the consistency of the Strategic Plan with the

 

 

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1Regional Comprehensive Plan adopted pursuant to the Regional
2Planning Act.
3    (h) The Authority may adopt, by the affirmative vote of at
4least 12 of its then Directors, sub-regional or corridor plans
5for specific geographic areas of the metropolitan region in
6order to improve the adequacy, efficiency, and coordination of
7existing, or the delivery of new, public transportation. Such
8plans may also address areas outside the metropolitan region
9that may impact public transportation utilization in the
10metropolitan region. In preparing a sub-regional or corridor
11plan, the Authority may identify changes in operating practices
12or capital investment in the sub-region or corridor that could
13increase ridership, reduce costs, improve coordination, or
14enhance transit-oriented development. The Authority shall
15consult with any affected Service Boards in the preparation of
16any sub-regional or corridor plans.
17    (i) If the Authority determines, by the affirmative vote of
18at least 12 of its then Directors, that, with respect to any
19proposed new public transportation service or facility, (i)
20multiple Service Boards or transportation agencies are
21potential service providers and (ii) the public transportation
22facilities to be constructed or purchased to provide that
23service have an expected construction cost of more than
24$25,000,000, the Authority shall have sole responsibility for
25conducting any alternatives analysis and preliminary
26environmental assessment required by federal or State law.

 

 

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1Nothing in this subparagraph (i) shall prohibit a Service Board
2from undertaking alternatives analysis and preliminary
3environmental assessment for any public transportation service
4or facility identified in items (i) and (ii) above that is
5included in the Five-Year Capital Program as of the effective
6date of this amendatory Act of the 95th General Assembly;
7however, any expenditure related to any such public
8transportation service or facility must be included in a
9Five-Year Capital Program under the requirements of Sections
102.01b and 4.02 of this Act.
11(Source: P.A. 95-708, eff. 1-18-08.)
 
12    (70 ILCS 3615/2.01b)
13    Sec. 2.01b. The Five-Year Capital Program. By the
14affirmative vote of at least 12 of its then Directors, the
15Authority, after consultation with the Service Boards and after
16holding a minimum of 3 public hearings in Cook County and one
17public hearing in each of the other counties in the
18metropolitan region, shall each year adopt a Five-Year Capital
19Program that shall include each capital improvement to be
20undertaken by or on behalf of a Service Board provided that the
21Authority finds that the improvement meets any criteria for
22capital improvements contained in the Strategic Plan, is not
23inconsistent with any sub-regional or corridor plan adopted by
24the Authority, and can be funded within amounts available with
25respect to the capital and operating costs of such improvement.

 

 

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1In reviewing proposals for improvements to be included in a
2Five-Year Capital Program, the Authority may give priority to
3improvements that are intended to bring public transportation
4facilities into a state of good repair. The Five-Year Capital
5Program shall also identify capital improvements to be
6undertaken by a Service Board, a transportation agency, or a
7unit of local government and funded by the Authority from
8amounts in the Innovation, Coordination, and Enhancement Fund,
9provided that no improvement that is included in the Five-Year
10Capital Program as of the effective date of this amendatory Act
11of the 95th General Assembly may receive funding from the
12Innovation, Coordination, and Enhancement Fund. Before
13adopting a Five-Year Capital Program, the Authority shall:
14        (1) consult with the Chicago Metropolitan Agency for
15    Planning regarding the consistency of the Five-Year
16    Capital Program with the Regional Comprehensive Plan
17    adopted pursuant to the Regional Planning Act; and .
18        (2) produce a list of capital projects submitted by the
19    Service Boards aggregated and prioritized by the Authority
20    based on criteria listed in this Section.
21    Each Service Board shall provide the Authority with a
22quarterly report submitted on March 1st, June 1st, September
231st, and December 1st detailing progress on the projects.
24Projects listed on the aggregated and prioritized list shall be
25the only projects eligible for capital improvement funding and
26exceptions shall only be granted in cases of emergency, as

 

 

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1declared by the Governor or an affirmative vote by the Board.
2(Source: P.A. 95-708, eff. 1-18-08.)
 
3    (70 ILCS 3615/3A.10)  (from Ch. 111 2/3, par. 703A.10)
4    Sec. 3A.10. Budget and Program. The Suburban Bus Board,
5subject to the powers of the Authority in Section 4.11, shall
6control the finances of the Division. It shall by ordinance
7appropriate money to perform the Division's purposes and
8provide for payment of debts and expenses of the Division. Each
9year the Suburban Bus Board shall prepare and publish a
10comprehensive annual budget and proposed five-year capital
11program document, and a financial plan for the 2 years
12thereafter describing the state of the Division and presenting
13for the forthcoming fiscal year and the 2 following years the
14Suburban Bus Board's plans for such operations and capital
15expenditures as it intends to undertake and the means by which
16it intends to finance them. The proposed budget, financial
17plan, and five-year capital program shall be based on the
18Authority's estimate of funds to be made available to the
19Suburban Bus Board by or through the Authority and shall
20conform in all respects to the requirements established by the
21Authority. The proposed budget, financial plan, and five-year
22capital program shall contain a statement of the funds
23estimated to be on hand at the beginning of the fiscal year,
24the funds estimated to be received from all sources for such
25year and the funds estimated to be on hand at the end of such

 

 

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1year. The fiscal year of the Division shall be the same as the
2fiscal year of the Authority. Before the proposed budget,
3financial plan, and five-year capital program are submitted to
4the Authority, the Suburban Bus Board shall hold at least one
5public hearing thereon in each of the counties in the
6metropolitan region in which the Division provides service. The
7Suburban Bus Board shall hold at least one meeting for
8consideration of the proposed budget, financial plan, and
9five-year capital program with the county board of each of the
10several counties in the metropolitan region in which the
11Division provides service. After conducting such hearings and
12holding such meetings and after making such changes in the
13proposed budget, financial plan, and five-year capital program
14as the Suburban Bus Board deems appropriate, it shall adopt an
15annual budget ordinance at least by November 15 next preceding
16the beginning of each fiscal year. The budget, financial plan,
17and five-year capital program shall then be submitted to the
18Authority as provided in Section 4.11. In the event that the
19Board of the Authority determines that the budget and financial
20plan do not meet the standards of Section 4.11 or match the
21Authority's five-year capital program prioritization list of
22Section 2.01b of this Act, the Suburban Bus Board shall make
23such changes as are necessary to meet such requirements and
24adopt an amended budget ordinance. The amended budget ordinance
25shall be resubmitted to the Authority pursuant to Section 4.11.
26The ordinance shall appropriate such sums of money as are

 

 

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1deemed necessary to defray all necessary expenses and
2obligations of the Division, specifying purposes and the
3objects or programs for which appropriations are made and the
4amount appropriated for each object or program. Additional
5appropriations, transfers between items and other changes in
6such ordinance which do not alter the basis upon which the
7balanced budget determination was made by the Board of the
8Authority may be made from time to time by the Suburban Bus
9Board.
10    The budget shall:
11        (i) show a balance between (A) anticipated revenues
12    from all sources including operating subsidies and (B) the
13    costs of providing the services specified and of funding
14    any operating deficits or encumbrances incurred in prior
15    periods, including provision for payment when due of
16    principal and interest on outstanding indebtedness;
17        (ii) show cash balances including the proceeds of any
18    anticipated cash flow borrowing sufficient to pay with
19    reasonable promptness all costs and expenses as incurred;
20        (iii) provide for a level of fares or charges and
21    operating or administrative costs for the public
22    transportation provided by or subject to the jurisdiction
23    of the Suburban Bus Board sufficient to allow the Suburban
24    Bus Board to meet its required system generated revenues
25    recovery ratio and, beginning with the 2007 fiscal year,
26    its system generated ADA paratransit services revenue

 

 

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1    recovery ratio;
2        (iv) be based upon and employ assumptions and
3    projections which are reasonable and prudent;
4        (v) have been prepared in accordance with sound
5    financial practices as determined by the Board of the
6    Authority;
7        (vi) meet such other uniform financial, budgetary, or
8    fiscal requirements that the Board of the Authority may by
9    rule or regulation establish; and
10        (vii) be consistent with the goals and objectives
11    adopted by the Regional Transportation Authority in the
12    Strategic Plan of Section 2.01a of this Act.
13(Source: P.A. 94-370, eff. 7-29-05; 95-708, eff. 1-18-08.)
 
14    (70 ILCS 3615/3B.10)  (from Ch. 111 2/3, par. 703B.10)
15    Sec. 3B.10. Budget and Program. The Commuter Rail Board,
16subject to the powers of the Authority in Section 4.11, shall
17control the finances of the Division. It shall by ordinance
18appropriate money to perform the Division's purposes and
19provide for payment of debts and expenses of the Division. Each
20year the Commuter Rail Board shall prepare and publish a
21comprehensive annual budget and proposed five-year capital
22program document, and a financial plan for the two years
23thereafter describing the state of the Division and presenting
24for the forthcoming fiscal year and the two following years the
25Commuter Rail Board's plans for such operations and capital

 

 

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1expenditures as the Commuter Rail Board intends to undertake
2and the means by which it intends to finance them. The proposed
3budget, financial plan, and five-year capital program shall be
4based on the Authority's estimate of funds to be made available
5to the Commuter Rail Board by or through the Authority and
6shall conform in all respects to the requirements established
7by the Authority. The proposed budget, financial plan, and
8five-year capital program shall contain a statement of the
9funds estimated to be on hand at the beginning of the fiscal
10year, the funds estimated to be received from all sources for
11such year and the funds estimated to be on hand at the end of
12such year. The fiscal year of the Division shall be the same as
13the fiscal year of the Authority. Before the proposed budget,
14financial plan, and five-year capital program are submitted to
15the Authority, the Commuter Rail Board shall hold at least one
16public hearing thereon in each of the counties in the
17metropolitan region in which the Division provides service. The
18Commuter Rail Board shall hold at least one meeting for
19consideration of the proposed budget, financial plan, and
20five-year capital plan with the county board of each of the
21several counties in the metropolitan region in which the
22Division provides service. After conducting such hearings and
23holding such meetings and after making such changes in the
24proposed budget, financial plan, and five-year capital plan as
25the Commuter Rail Board deems appropriate, the board shall
26adopt its annual budget ordinance at least by November 15 next

 

 

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1preceding the beginning of each fiscal year. The budget,
2financial plan, and five-year capital program shall then be
3submitted to the Authority as provided in Section 4.11. In the
4event that the Board of the Authority determines that the
5budget and program, and financial plan do not meet the
6standards of Section 4.11 or match the Authority's five-year
7capital program prioritization list of Section 2.01b of this
8Act, the Commuter Rail Board shall make such changes as are
9necessary to meet such requirements and adopt an amended budget
10ordinance. The amended budget ordinance shall be resubmitted to
11the Authority pursuant to Section 4.11. The ordinance shall
12appropriate such sums of money as are deemed necessary to
13defray all necessary expenses and obligations of the Division,
14specifying purposes and the objects or programs for which
15appropriations are made and the amount appropriated for each
16object or program. Additional appropriations, transfers
17between items and other changes in such ordinance which do not
18alter the basis upon which the balanced budget determination
19was made by the Board of the Authority may be made from time to
20time by the Commuter Rail Board.
21    The budget shall:
22        (i) show a balance between (A) anticipated revenues
23    from all sources including operating subsidies and (B) the
24    costs of providing the services specified and of funding
25    any operating deficits or encumbrances incurred in prior
26    periods, including provision for payment when due of

 

 

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1    principal and interest on outstanding indebtedness;
2        (ii) show cash balances including the proceeds of any
3    anticipated cash flow borrowing sufficient to pay with
4    reasonable promptness all costs and expenses as incurred;
5        (iii) provide for a level of fares or charges for the
6    public transportation provided by or subject to the
7    jurisdiction of such Commuter Rail Board sufficient to
8    allow the Commuter Rail Board to meet its required system
9    generated revenue recovery ratio;
10        (iv) be based upon and employ assumptions and
11    projections which the Board of the Authority finds to be
12    reasonable and prudent;
13        (v) have been prepared in accordance with sound
14    financial practices as determined by the Board of the
15    Authority;
16        (vi) meet such other uniform financial, budgetary, or
17    fiscal requirements that the Board of the Authority may by
18    rule or regulation establish; and
19        (vii) be consistent with the goals and objectives
20    adopted by the Regional Transportation Authority in the
21    Strategic Plan of Section 2.01a of this Act.
22(Source: P.A. 95-708, eff. 1-18-08.)
 
23    (70 ILCS 3615/4.01)  (from Ch. 111 2/3, par. 704.01)
24    Sec. 4.01. Budget and Program.
25    (a) The Board shall control the finances of the Authority.

 

 

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1It shall by ordinance adopted by the affirmative vote of at
2least 12 of its then Directors (i) appropriate money to perform
3the Authority's purposes and provide for payment of debts and
4expenses of the Authority, (ii) take action with respect to the
5budget and two-year financial plan of each Service Board, as
6provided in Section 4.11, and (iii) adopt an Annual Budget and
7Two-Year Financial Plan for the Authority that includes the
8annual budget and two-year financial plan of each Service Board
9that has been approved by the Authority. The Annual Budget and
10Two-Year Financial Plan shall contain a statement of the funds
11estimated to be on hand for the Authority and each Service
12Board at the beginning of the fiscal year, the funds estimated
13to be received from all sources for such year, the estimated
14expenses and obligations of the Authority and each Service
15Board for all purposes, including expenses for contributions to
16be made with respect to pension and other employee benefits,
17and the funds estimated to be on hand at the end of such year.
18The fiscal year of the Authority and each Service Board shall
19begin on January 1st and end on the succeeding December 31st.
20By July 1st of each year the Director of the Illinois
21Governor's Office of Management and Budget (formerly Bureau of
22the Budget) shall submit to the Authority an estimate of
23revenues for the next fiscal year of the Authority to be
24collected from the taxes imposed by the Authority and the
25amounts to be available in the Public Transportation Fund and
26the Regional Transportation Authority Occupation and Use Tax

 

 

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1Replacement Fund and the amounts otherwise to be appropriated
2by the State to the Authority for its purposes. The Authority
3shall file a copy of its Annual Budget and Two-Year Financial
4Plan with the General Assembly and the Governor after its
5adoption. Before the proposed Annual Budget and Two-Year
6Financial Plan is adopted, the Authority shall hold at least
7one public hearing thereon in the metropolitan region, and
8shall meet with the county board or its designee of each of the
9several counties in the metropolitan region. After conducting
10such hearings and holding such meetings and after making such
11changes in the proposed Annual Budget and Two-Year Financial
12Plan as the Board deems appropriate, the Board shall adopt its
13annual appropriation and Annual Budget and Two-Year Financial
14Plan ordinance. The ordinance may be adopted only upon the
15affirmative votes of 12 of its then Directors. The ordinance
16shall appropriate such sums of money as are deemed necessary to
17defray all necessary expenses and obligations of the Authority,
18specifying purposes and the objects or programs for which
19appropriations are made and the amount appropriated for each
20object or program. Additional appropriations, transfers
21between items and other changes in such ordinance may be made
22from time to time by the Board upon the affirmative votes of 12
23of its then Directors.
24    (b) The Annual Budget and Two-Year Financial Plan shall
25show a balance between anticipated revenues from all sources
26and anticipated expenses including funding of operating

 

 

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1deficits or the discharge of encumbrances incurred in prior
2periods and payment of principal and interest when due, and
3shall show cash balances sufficient to pay with reasonable
4promptness all obligations and expenses as incurred.
5    The Annual Budget and Two-Year Financial Plan must show:
6         (i) that the level of fares and charges for mass
7    transportation provided by, or under grant or purchase of
8    service contracts of, the Service Boards is sufficient to
9    cause the aggregate of all projected fare revenues from
10    such fares and charges received in each fiscal year to
11    equal at least 50% of the aggregate costs of providing such
12    public transportation in such fiscal year. "Fare revenues"
13    include the proceeds of all fares and charges for services
14    provided, contributions received in connection with public
15    transportation from units of local government other than
16    the Authority, except for contributions received by the
17    Chicago Transit Authority from a real estate transfer tax
18    imposed under subsection (i) of Section 8-3-19 of the
19    Illinois Municipal Code, and from the State pursuant to
20    subsection (i) of Section 2705-305 of the Department of
21    Transportation Law (20 ILCS 2705/2705-305), and all other
22    operating revenues properly included consistent with
23    generally accepted accounting principles but do not
24    include: the proceeds of any borrowings, and, beginning
25    with the 2007 fiscal year, all revenues and receipts,
26    including but not limited to fares and grants received from

 

 

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1    the federal, State or any unit of local government or other
2    entity, derived from providing ADA paratransit service
3    pursuant to Section 2.30 of the Regional Transportation
4    Authority Act. "Costs" include all items properly included
5    as operating costs consistent with generally accepted
6    accounting principles, including administrative costs, but
7    do not include: depreciation; payment of principal and
8    interest on bonds, notes or other evidences of obligation
9    for borrowed money issued by the Authority; payments with
10    respect to public transportation facilities made pursuant
11    to subsection (b) of Section 2.20 of this Act; any payments
12    with respect to rate protection contracts, credit
13    enhancements or liquidity agreements made under Section
14    4.14; any other cost to which it is reasonably expected
15    that a cash expenditure will not be made; costs for
16    passenger security including grants, contracts, personnel,
17    equipment and administrative expenses, except in the case
18    of the Chicago Transit Authority, in which case the term
19    does not include costs spent annually by that entity for
20    protection against crime as required by Section 27a of the
21    Metropolitan Transit Authority Act; the payment by the
22    Chicago Transit Authority of Debt Service, as defined in
23    Section 12c of the Metropolitan Transit Authority Act, on
24    bonds or notes issued pursuant to that Section; the payment
25    by the Commuter Rail Division of debt service on bonds
26    issued pursuant to Section 3B.09; expenses incurred by the

 

 

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1    Suburban Bus Division for the cost of new public
2    transportation services funded from grants pursuant to
3    Section 2.01e of this amendatory Act of the 95th General
4    Assembly for a period of 2 years from the date of
5    initiation of each such service; costs as exempted by the
6    Board for projects pursuant to Section 2.09 of this Act;
7    or, beginning with the 2007 fiscal year, expenses related
8    to providing ADA paratransit service pursuant to Section
9    2.30 of the Regional Transportation Authority Act; and in
10    fiscal years 2008 through 2012 inclusive, costs in the
11    amount of $200,000,000 in fiscal year 2008, reducing by
12    $40,000,000 in each fiscal year thereafter until this
13    exemption is eliminated; and
14        (ii) that the level of fares charged for ADA
15    paratransit services is sufficient to cause the aggregate
16    of all projected revenues from such fares charged and
17    received in each fiscal year to equal at least 10% of the
18    aggregate costs of providing such ADA paratransit
19    services. For purposes of this Act, the percentages in this
20    subsection (b)(ii) shall be referred to as the "system
21    generated ADA paratransit services revenue recovery
22    ratio". For purposes of the system generated ADA
23    paratransit services revenue recovery ratio, "costs" shall
24    include all items properly included as operating costs
25    consistent with generally accepted accounting principles.
26    However, the Board may exclude from costs an amount that

 

 

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1    does not exceed the allowable "capital costs of
2    contracting" for ADA paratransit services pursuant to the
3    Federal Transit Administration guidelines for the
4    Urbanized Area Formula Program.
5    (c) The actual administrative expenses of the Authority for
6the fiscal year commencing January 1, 1985 may not exceed
7$5,000,000. The actual administrative expenses of the
8Authority for the fiscal year commencing January 1, 1986, and
9for each fiscal year thereafter shall not exceed the maximum
10administrative expenses for the previous fiscal year plus 5%.
11"Administrative expenses" are defined for purposes of this
12Section as all expenses except: (1) capital expenses and
13purchases of the Authority on behalf of the Service Boards; (2)
14payments to Service Boards; and (3) payment of principal and
15interest on bonds, notes or other evidence of obligation for
16borrowed money issued by the Authority; (4) costs for passenger
17security including grants, contracts, personnel, equipment and
18administrative expenses; (5) payments with respect to public
19transportation facilities made pursuant to subsection (b) of
20Section 2.20 of this Act; and (6) any payments with respect to
21rate protection contracts, credit enhancements or liquidity
22agreements made pursuant to Section 4.14.
23    (d) This subsection applies only until the Department
24begins administering and enforcing an increased tax under
25Section 4.03(m) as authorized by this amendatory Act of the
2695th General Assembly. After withholding 15% of the proceeds of

 

 

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1any tax imposed by the Authority and 15% of money received by
2the Authority from the Regional Transportation Authority
3Occupation and Use Tax Replacement Fund, the Board shall
4allocate the proceeds and money remaining to the Service Boards
5as follows: (1) an amount equal to 85% of the proceeds of those
6taxes collected within the City of Chicago and 85% of the money
7received by the Authority on account of transfers to the
8Regional Transportation Authority Occupation and Use Tax
9Replacement Fund from the County and Mass Transit District Fund
10attributable to retail sales within the City of Chicago shall
11be allocated to the Chicago Transit Authority; (2) an amount
12equal to 85% of the proceeds of those taxes collected within
13Cook County outside the City of Chicago and 85% of the money
14received by the Authority on account of transfers to the
15Regional Transportation Authority Occupation and Use Tax
16Replacement Fund from the County and Mass Transit District Fund
17attributable to retail sales within Cook County outside of the
18city of Chicago shall be allocated 30% to the Chicago Transit
19Authority, 55% to the Commuter Rail Board and 15% to the
20Suburban Bus Board; and (3) an amount equal to 85% of the
21proceeds of the taxes collected within the Counties of DuPage,
22Kane, Lake, McHenry and Will shall be allocated 70% to the
23Commuter Rail Board and 30% to the Suburban Bus Board.
24    (e) This subsection applies only until the Department
25begins administering and enforcing an increased tax under
26Section 4.03(m) as authorized by this amendatory Act of the

 

 

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195th General Assembly. Moneys received by the Authority on
2account of transfers to the Regional Transportation Authority
3Occupation and Use Tax Replacement Fund from the State and
4Local Sales Tax Reform Fund shall be allocated among the
5Authority and the Service Boards as follows: 15% of such moneys
6shall be retained by the Authority and the remaining 85% shall
7be transferred to the Service Boards as soon as may be
8practicable after the Authority receives payment. Moneys which
9are distributable to the Service Boards pursuant to the
10preceding sentence shall be allocated among the Service Boards
11on the basis of each Service Board's distribution ratio. The
12term "distribution ratio" means, for purposes of this
13subsection (e) of this Section 4.01, the ratio of the total
14amount distributed to a Service Board pursuant to subsection
15(d) of Section 4.01 for the immediately preceding calendar year
16to the total amount distributed to all of the Service Boards
17pursuant to subsection (d) of Section 4.01 for the immediately
18preceding calendar year.
19    (f) To carry out its duties and responsibilities under this
20Act, the Board shall employ staff which shall: (1) propose for
21adoption by the Board of the Authority rules for the Service
22Boards that establish (i) forms and schedules to be used and
23information required to be provided with respect to a five-year
24capital program, annual budgets, and two-year financial plans
25and regular reporting of actual results against adopted budgets
26and financial plans, (ii) financial practices to be followed in

 

 

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1the budgeting and expenditure of public funds, (iii)
2assumptions and projections that must be followed in preparing
3and submitting its annual budget and two-year financial plan or
4a five-year capital program; (2) evaluate for the Board public
5transportation programs operated or proposed by the Service
6Boards and transportation agencies in terms of the goals and
7objectives set out in the Strategic Plan; (3) keep the Board
8and the public informed of the extent to which the Service
9Boards and transportation agencies are meeting the goals and
10objectives adopted by the Authority in the Strategic Plan; and
11(4) assess the efficiency or adequacy of public transportation
12services provided by a Service Board and make recommendations
13for change in that service to the end that the moneys available
14to the Authority may be expended in the most economical manner
15possible with the least possible duplication.
16    (g) All Service Boards, transportation agencies,
17comprehensive planning agencies, including the Chicago
18Metropolitan Agency for Planning, or transportation planning
19agencies in the metropolitan region shall furnish to the
20Authority such information pertaining to public transportation
21or relevant for plans therefor as it may from time to time
22require. The Executive Director, or his or her designee, shall,
23for the purpose of securing any such information necessary or
24appropriate to carry out any of the powers and responsibilities
25of the Authority under this Act, have access to, and the right
26to examine, all books, documents, papers or records of a

 

 

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1Service Board or any transportation agency receiving funds from
2the Authority or Service Board, and such Service Board or
3transportation agency shall comply with any request by the
4Executive Director, or his or her designee, within 30 days or
5an extended time provided by the Executive Director.
6    (h) No Service Board shall undertake any capital
7improvement which is not identified in the Five-Year Capital
8Program or as otherwise prescribed in Section 2.01b of this
9Act.
10    (i) No later than January 1, 2013, the Service Boards shall
11implement software that allows the Authority to access and
12review all real-time information related to financial
13reporting.
14    (j) The Authority shall prepare and present reports to the
15Service Boards on a quarterly basis. These reports shall
16include the Authority's assessment of the overall financial
17issues of the Authority, as well as those unique to the Service
18Board. The reports shall also include the results of any
19audits, evaluations, reviews, or studies performed by the
20Authority for the Authority or another individual agency.
21    (k) Service Boards shall each provide to the Authority an
22annual budget at least 45 business days before the budget is
23presented to the Service Board for a vote of adoption. After
24reviewing a Service Board's proposed budget, the Authority
25shall present and make recommendations to the respective
26Service Board concerning the proposed budget no later than 15

 

 

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1days before that Service Board votes for budget adoption.
2(Source: P.A. 94-370, eff. 7-29-05; 95-708, eff. 1-18-08;
395-906, eff. 8-26-08.)
 
4    (70 ILCS 3615/4.11)  (from Ch. 111 2/3, par. 704.11)
5    Sec. 4.11. Budget Review Powers.
6    (a) Based upon estimates which shall be given to the
7Authority by the Director of the Governor's Office of
8Management and Budget (formerly Bureau of the Budget) of the
9receipts to be received by the Authority from the taxes imposed
10by the Authority and the authorized estimates of amounts to be
11available from State and other sources to the Service Boards,
12and the times at which such receipts and amounts will be
13available, the Board shall, not later than the next preceding
14September 15th prior to the beginning of the Authority's next
15fiscal year, advise each Service Board of the amounts estimated
16by the Board to be available for such Service Board during such
17fiscal year and the two following fiscal years and the times at
18which such amounts will be available. The Board shall, at the
19same time, also advise each Service Board of its required
20system generated revenues recovery ratio for the next fiscal
21year which shall be the percentage of the aggregate costs of
22providing public transportation by or under jurisdiction of
23that Service Board which must be recovered from system
24generated revenues. The Board shall, at the same time, consider
25the written determination of the Executive Director, made

 

 

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1pursuant to Section 2.01d, of the costs of ADA paratransit
2services that are required to be provided under the federal
3Americans with Disabilities Act of 1990 and its implementing
4regulations, and shall amend the current year budgets of the
5Authority and the Service Boards to provide for additional
6funding for the provision of ADA paratransit services, if
7needed. The Board shall, at the same time, beginning with the
82007 fiscal year, also advise each Service Board that provides
9ADA paratransit services of its required system generated ADA
10paratransit services revenue recovery ratio for the next fiscal
11year which shall be the percentage of the aggregate costs of
12providing ADA paratransit services by or under jurisdiction of
13that Service Board which must be recovered from fares charged
14for such services, except that such required system generated
15ADA paratransit services revenue recovery ratio shall not
16exceed the minimum percentage established pursuant to Section
174.01(b)(ii) of this Act. In determining a Service Board's
18system generated revenue recovery ratio, the Board shall
19consider the historical system generated revenues recovery
20ratio for the services subject to the jurisdiction of that
21Service Board. The Board shall not increase a Service Board's
22system generated revenues recovery ratio for the next fiscal
23year over such ratio for the current fiscal year
24disproportionately or prejudicially to increases in such
25ratios for other Service Boards. The Board may, by ordinance,
26provide that (i) the cost of research and development projects

 

 

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1in the fiscal year beginning January 1, 1986 and ending
2December 31, 1986 conducted pursuant to Section 2.09 of this
3Act, (ii) the costs for passenger security, and (iii)
4expenditures of amounts granted to a Service Board from the
5Innovation, Coordination, and Enhancement Fund for operating
6purposes may be exempted from the farebox recovery ratio or the
7system generated revenues recovery ratio of the Chicago Transit
8Authority, the Suburban Bus Board, and the Commuter Rail Board,
9or any of them. During fiscal years 2008 through 2012, the
10Board may also allocate the exemption of $200,000,000 and the
11reducing amounts of costs provided by this amendatory Act of
12the 95th General Assembly from the farebox recovery ratio or
13system generated revenues recovery ratio of each Service Board.
14    (b)(1) Not later than the next preceding November 15 prior
15to the commencement of such fiscal year, each Service Board
16shall submit to the Authority its proposed budget for such
17fiscal year and its proposed financial plan for the two
18following fiscal years. Such budget and financial plan shall
19(i) be prepared in the format, follow the financial and
20budgetary practices, and be based on any assumptions and
21projections required by the Authority and (ii) not project or
22assume a receipt of revenues from the Authority in amounts
23greater than those set forth in the estimates provided by the
24Authority pursuant to subsection (a) of this Section.
25    (2) The Board shall review the proposed budget and two-year
26financial plan submitted by each Service Board. The Board shall

 

 

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1approve the budget and two-year financial plan of a Service
2Board if:
3        (i) such budget and plan show a balance between (A)
4    anticipated revenues from all sources including operating
5    subsidies and (B) the costs of providing the services
6    specified and of funding any operating deficits or
7    encumbrances incurred in prior periods, including
8    provision for payment when due of principal and interest on
9    outstanding indebtedness;
10        (ii) such budget and plan show cash balances including
11    the proceeds of any anticipated cash flow borrowing
12    sufficient to pay with reasonable promptness all costs and
13    expenses as incurred;
14        (iii) such budget and plan provide for a level of fares
15    or charges and operating or administrative costs for the
16    public transportation provided by or subject to the
17    jurisdiction of such Service Board sufficient to allow the
18    Service Board to meet its required system generated revenue
19    recovery ratio and, beginning with the 2007 fiscal year,
20    system generated ADA paratransit services revenue recovery
21    ratio;
22        (iv) such budget and plan are based upon and employ
23    assumptions and projections which are reasonable and
24    prudent;
25        (v) such budget and plan have been prepared in
26    accordance with sound financial practices as determined by

 

 

SB2572- 35 -LRB097 13862 KMW 58429 b

1    the Board;
2        (vi) such budget and plan meet such other financial,
3    budgetary, or fiscal requirements that the Board may by
4    rule or regulation establish; and
5        (vii) such budget and plan are consistent with the
6    goals and objectives adopted by the Authority in the
7    Strategic Plan.
8    (3) (Blank).
9    (4) Unless the Board by an affirmative vote of 12 of the
10then Directors determines that the budget and financial plan of
11a Service Board meets the criteria specified in clauses (i)
12through (vii) of subparagraph (2) of this paragraph (b), the
13Board shall withhold from that Service Board 25% of the cash
14proceeds of taxes imposed by the Authority under Section 4.03
15and Section 4.03.1 and received after February 1 and 25% of the
16amounts transferred to the Authority from the Public
17Transportation Fund under Section 4.09(a) (but not including
18Section 4.09(a)(3)(iv)) after February 1 that the Board has
19estimated to be available to that Service Board under Section
204.11(a). Such funding shall be released to the Service Board
21only upon approval of a budget and financial plan under this
22Section or adoption of a budget and financial plan on behalf of
23the Service Board by the Authority.
24    (5) If the Board has not found that the budget and
25financial plan of a Service Board meets the criteria specified
26in clauses (i) through (vii) of subparagraph (2) of this

 

 

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1paragraph (b), the Board, by the affirmative vote of at least
212 of its then Directors, shall adopt a budget and financial
3plan meeting such criteria for that Service Board.
4    (c)(1) If the Board shall at any time have received a
5revised estimate, or revises any estimate the Board has made,
6pursuant to this Section of the receipts to be collected by the
7Authority which, in the judgment of the Board, requires a
8change in the estimates on which the budget of any Service
9Board is based, the Board shall advise the affected Service
10Board of such revised estimates, and such Service Board shall
11within 30 days after receipt of such advice submit a revised
12budget incorporating such revised estimates. If the revised
13estimates require, in the judgment of the Board, that the
14system generated revenues recovery ratio of one or more Service
15Boards be revised in order to allow the Authority to meet its
16required ratio, the Board shall advise any such Service Board
17of its revised ratio and such Service Board shall within 30
18days after receipt of such advice submit a revised budget
19incorporating such revised estimates or ratio.
20    (2) Each Service Board shall, within such period after the
21end of each fiscal quarter as shall be specified by the Board,
22report to the Authority its financial condition and results of
23operations and the financial condition and results of
24operations of the public transportation services subject to its
25jurisdiction, as at the end of and for such quarter. If in the
26judgment of the Board such condition and results are not

 

 

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1substantially in accordance with such Service Board's budget
2for such period, the Board shall so advise such Service Board
3and such Service Board shall within the period specified by the
4Board submit a revised budget incorporating such results.
5    (3) If the Board shall determine that a revised budget
6submitted by a Service Board pursuant to subparagraph (1) or
7(2) of this paragraph (c) does not meet the criteria specified
8in clauses (i) through (vii) of subparagraph (2) of paragraph
9(b) of this Section, the Board shall withhold from that Service
10Board 25% of the cash proceeds of taxes imposed by the
11Authority under Section 4.03 or 4.03.1 and received by the
12Authority after February 1 and 25% of the amounts transferred
13to the Authority from the Public Transportation Fund under
14Section 4.09(a) (but not including Section 4.09(a)(3)(iv))
15after February 1 that the Board has estimated to be available
16to that Service Board under Section 4.11(a). If the Service
17Board submits a revised financial plan and budget which plan
18and budget shows that the criteria will be met within a four
19quarter period, the Board shall release any such withheld funds
20to the Service Board. The Board by the affirmative vote of at
21least 12 of its then Directors may require a Service Board to
22submit a revised financial plan and budget which shows that the
23criteria will be met in a time period less than four quarters.
24    (d) All budgets and financial plans, financial statements,
25audits and other information presented to the Authority
26pursuant to this Section or which may be required by the Board

 

 

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1to permit it to monitor compliance with the provisions of this
2Section shall be prepared and presented in such manner and
3frequency and in such detail as shall have been prescribed by
4the Board, shall be prepared on both an accrual and cash flow
5basis as specified by the Board, shall present such information
6as the Authority shall prescribe that fairly presents the
7condition of any pension plan or trust for health care benefits
8with respect to retirees established by the Service Board and
9describes the plans of the Service Board to meet the
10requirements of Sections 4.02a and 4.02b, and shall identify
11and describe the assumptions and projections employed in the
12preparation thereof to the extent required by the Board. If the
13Executive Director certifies that a Service Board has not
14presented its budget and two-year financial plan in conformity
15with the rules adopted by the Authority under the provisions of
16Section 4.01(f) and this subsection (d), and such certification
17is accepted by the affirmative vote of at least 12 of the then
18Directors of the Authority, the Authority shall not distribute
19to that Service Board any funds for operating purposes in
20excess of the amounts distributed for such purposes to the
21Service Board in the previous fiscal year. Except when the
22Board adopts a budget and a financial plan for a Service Board
23under paragraph (b)(5), a Service Board shall provide for such
24levels of transportation services and fares or charges therefor
25as it deems appropriate and necessary in the preparation of a
26budget and financial plan meeting the criteria set forth in

 

 

SB2572- 39 -LRB097 13862 KMW 58429 b

1clauses (i) through (vii) of subparagraph (2) of paragraph (b)
2of this Section. The Authority shall have access to and the
3right to examine and copy all books, documents, papers,
4records, or other source data of a Service Board relevant to
5any information submitted pursuant to this Section.
6    (e) Whenever this Section requires the Board to make
7determinations with respect to estimates, budgets or financial
8plans, or rules or regulations with respect thereto such
9determinations shall be made upon the affirmative vote of at
10least 12 of the then Directors and shall be incorporated in a
11written report of the Board and such report shall be submitted
12within 10 days after such determinations are made to the
13Governor, the Mayor of Chicago (if such determinations relate
14to the Chicago Transit Authority), and the Auditor General of
15Illinois.
16    (f) If the Authority discovers a violation of items (1) and
17(2) in Section 2.01b of this Act, then the Board shall withhold
18from that Service Board 25% of the cash proceeds of taxes
19imposed by the Authority under Sections 4.03 or 4.03.1 and
20received by the Authority and 25% of the amounts transferred to
21the Authority from the Public Transportation Fund under
22subsection (a) of Section 4.09, but not including the amounts
23described in paragraph (iv) of item (3) of subsection (a) of
24Section 4.09, that the Board has estimated to be available to
25that Service Board under subsection (a) of Section 4.11. To
26resume this funding, at least 3 current members of the

 

 

SB2572- 40 -LRB097 13862 KMW 58429 b

1violating Service Board shall testify in front of the
2Authority's finance committee or successor thereof. This
3hearing shall be held no later than 10 days after the claim of
4the offense. The hearing shall allow the Service Board a chance
5to discuss the violation. No more than 10 business days after
6the hearing, the Authority's finance committee or successor
7thereof shall take this matter before the Board to determine
8whether to continue sanctioning the Service Board as outlined
9in this subsection.
10(Source: P.A. 97-399, eff. 8-16-11.)

 

 

SB2572- 41 -LRB097 13862 KMW 58429 b

1 INDEX
2 Statutes amended in order of appearance
3    70 ILCS 3605/34from Ch. 111 2/3, par. 334
4    70 ILCS 3615/2.01a
5    70 ILCS 3615/2.01b
6    70 ILCS 3615/3A.10from Ch. 111 2/3, par. 703A.10
7    70 ILCS 3615/3B.10from Ch. 111 2/3, par. 703B.10
8    70 ILCS 3615/4.01from Ch. 111 2/3, par. 704.01
9    70 ILCS 3615/4.11from Ch. 111 2/3, par. 704.11