House Sponsors: SAVIANO-CAPPARELLI-MCAULIFFE-BUGIELSKI-MAUTINO AND LANG. Short description: METRO PIER EXPO-BONDS Synopsis of Bill as introduced: Amends the Metropolitan Pier and Exposition Authority Act. Provides that the surplus revenues of the Authority shall be used for the repair, replacement, and improvement of the grounds, buildings, and facilities of the Authority (now for capital repair and rehabilitation of the grounds, buildings, facilities of the expansion project). Provides that bonds issued by the Authority may not exceed an aggregate original principal amount of $1,037,000,000 (now $937,000,000). Provides that any member, officer or employee of the Authority may be designated to authorize the wire transfer of funds deposited by the secretary-treasurer in a bank or savings and loan association (now in a bank or savings and loan association for the payment of payroll and employee benefits related expenses). Amends the State Finance Act, the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides for specified monthly installment deposits into the McCormick Place Expansion Project Fund for fiscal years 2005, 2006, 2007, and thereafter from moneys collected under the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the monthly installment deposits shall not be made after fiscal year 2029. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status