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91_HB4582sam001
91HB4582sam01
1 AMENDMENT TO HOUSE BILL 4582
2 AMENDMENT NO. . Amend House Bill 4582 by replacing
3 the title with the following:
4 "AN ACT to amend the Build Illinois Bond Act by changing
5 Sections 2 and 4."; and
6 by replacing everything after the enacting clause with the
7 following:
8 "Section 5. The Build Illinois Bond Act is amended by
9 changing Sections 2 and 4 as follows:
10 (30 ILCS 425/2) (from Ch. 127, par. 2802)
11 Sec. 2. Authorization for Bonds. The State of Illinois
12 is authorized to issue, sell and provide for the retirement
13 of limited obligation bonds, notes and other evidences of
14 indebtedness of the State of Illinois in the total principal
15 amount of $2,851,970,000 $2,790,970,000 herein called
16 "Bonds". Such authorized amount of Bonds shall be reduced
17 from time to time by amounts, if any, which are equal to the
18 moneys received by the Department of Revenue in any fiscal
19 year pursuant to Section 3-1001 of the "Illinois Vehicle
20 Code", as amended, in excess of the Annual Specified Amount
21 (as defined in Section 3 of the "Retailers' Occupation Tax
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1 Act", as amended) and transferred at the end of such fiscal
2 year from the General Revenue Fund to the Build Illinois
3 Purposes Fund as provided in Section 3-1001 of said Code;
4 provided, however, that no such reduction shall affect the
5 validity or enforceability of any Bonds issued prior to such
6 reduction. Such amount of authorized Bonds shall be
7 exclusive of any refunding Bonds issued pursuant to Section
8 15 of this Act and exclusive of any Bonds issued pursuant to
9 this Section which are redeemed, purchased, advance refunded,
10 or defeased in accordance with paragraph (f) of Section 4 of
11 this Act. Bonds shall be issued for the categories and
12 specific purposes expressed in Section 4 of this Act.
13 (Source: P.A. 91-39, eff. 6-15-99; 91-53, eff. 6-30-99.)
14 (30 ILCS 425/4) (from Ch. 127, par. 2804)
15 Sec. 4. Purposes of Bonds. Bonds shall be issued for the
16 following purposes and in the approximate amounts as set
17 forth below:
18 (a) $2,029,889,000 $2,069,889,000 for the expenses of
19 issuance and sale of Bonds, including bond discounts, and for
20 planning, engineering, acquisition, construction,
21 reconstruction, development, improvement and extension of the
22 public infrastructure in the State of Illinois, including:
23 the making of loans or grants to local governments for waste
24 disposal systems, water and sewer line extensions and water
25 distribution and purification facilities, rail or air or
26 water port improvements, gas and electric utility extensions,
27 publicly owned industrial and commercial sites, buildings
28 used for public administration purposes and other public
29 infrastructure capital improvements; the making of loans or
30 grants to units of local government for financing and
31 construction of wastewater facilities; refinancing or
32 retiring bonds issued between January 1, 1987 and January 1,
33 1990 by home rule municipalities, debt service on which is
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1 provided from a tax imposed by home rule municipalities prior
2 to January 1, 1990 on the sale of food and drugs pursuant to
3 Section 8-11-1 of the Home Rule Municipal Retailers'
4 Occupation Tax Act or Section 8-11-5 of the Home Rule
5 Municipal Service Occupation Tax Act; the making of deposits
6 not to exceed $70,000,000 in the aggregate into the Water
7 Pollution Control Revolving Fund to provide assistance in
8 accordance with the provisions of Title IV-A of the
9 Environmental Protection Act; the planning, engineering,
10 acquisition, construction, reconstruction, alteration,
11 expansion, extension and improvement of highways, bridges,
12 structures separating highways and railroads, rest areas,
13 interchanges, access roads to and from any State or local
14 highway and other transportation improvement projects which
15 are related to economic development activities; the making of
16 loans or grants for planning, engineering, rehabilitation,
17 improvement or construction of rail and transit facilities;
18 the planning, engineering, acquisition, construction,
19 reconstruction and improvement of watershed, drainage, flood
20 control, recreation and related improvements and facilities,
21 including expenses related to land and easement acquisition,
22 relocation, control structures, channel work and clearing and
23 appurtenant work; the making of grants for improvement and
24 development of zoos and park district field houses and
25 related structures; and the making of grants for improvement
26 and development of Navy Pier and related structures.
27 (b) $114,301,500 $71,301,500 for fostering economic
28 development and increased employment and the well being of
29 the citizens of Illinois, including: the making of grants for
30 improvement and development of McCormick Place and related
31 structures; the planning and construction of a
32 microelectronics research center, including the planning,
33 engineering, construction, improvement, renovation and
34 acquisition of buildings, equipment and related utility
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1 support systems; the making of loans to businesses and
2 investments in small businesses; acquiring real properties
3 for industrial or commercial site development; acquiring,
4 rehabilitating and reconveying industrial and commercial
5 properties for the purpose of expanding employment and
6 encouraging private and other public sector investment in the
7 economy of Illinois; the payment of expenses associated with
8 siting the Superconducting Super Collider Particle
9 Accelerator in Illinois and with its acquisition,
10 construction, maintenance, operation, promotion and support;
11 the making of loans for the planning, engineering,
12 acquisition, construction, improvement and conversion of
13 facilities and equipment which will foster the use of
14 Illinois coal; the payment of expenses associated with the
15 promotion, establishment, acquisition and operation of small
16 business incubator facilities and agribusiness research
17 facilities, including the lease, purchase, renovation,
18 planning, engineering, construction and maintenance of
19 buildings, utility support systems and equipment designated
20 for such purposes and the establishment and maintenance of
21 centralized support services within such facilities; and the
22 making of grants or loans to units of local government for
23 Urban Development Action Grant and Housing Partnership
24 programs.
25 (c) $559,128,600 $521,128,600 for the development and
26 improvement of educational, scientific, technical and
27 vocational programs and facilities and the expansion of
28 health and human services for all citizens of Illinois,
29 including: the making of construction and improvement grants
30 and loans to public libraries and library systems; the making
31 of grants and loans for planning, engineering, acquisition
32 and construction of a new State central library in
33 Springfield; the planning, engineering, acquisition and
34 construction of an animal and dairy sciences facility; the
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1 planning, engineering, acquisition and construction of a
2 campus and all related buildings, facilities, equipment and
3 materials for Richland Community College; the acquisition,
4 rehabilitation and installation of equipment and materials
5 for scientific and historical surveys; the making of grants
6 or loans for distribution to eligible vocational education
7 instructional programs for the upgrading of vocational
8 education programs, school shops and laboratories, including
9 the acquisition, rehabilitation and installation of technical
10 equipment and materials; the making of grants or loans for
11 distribution to eligible local educational agencies for the
12 upgrading of math and science instructional programs,
13 including the acquisition of instructional equipment and
14 materials; miscellaneous capital improvements for
15 universities and community colleges including the planning,
16 engineering, construction, reconstruction, remodeling,
17 improvement, repair and installation of capital facilities
18 and costs of planning, supplies, equipment, materials,
19 services, and all other required expenses; the making of
20 grants or loans for repair, renovation and miscellaneous
21 capital improvements for privately operated colleges and
22 universities and community colleges, including the planning,
23 engineering, acquisition, construction, reconstruction,
24 remodeling, improvement, repair and installation of capital
25 facilities and costs of planning, supplies, equipment,
26 materials, services, and all other required expenses; and the
27 making of grants or loans for distribution to local
28 governments for hospital and other health care facilities
29 including the planning, engineering, acquisition,
30 construction, reconstruction, remodeling, improvement, repair
31 and installation of capital facilities and costs of planning,
32 supplies, equipment, materials, services and all other
33 required expenses.
34 (d) $148,650,900 $128,650,900 for protection,
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1 preservation, restoration and conservation of environmental
2 and natural resources, including: the making of grants to
3 soil and water conservation districts for the planning and
4 implementation of conservation practices and for funding
5 contracts with the Soil Conservation Service for watershed
6 planning; the making of grants to units of local government
7 for the capital development and improvement of recreation
8 areas, including planning and engineering costs, sewer
9 projects, including planning and engineering costs and water
10 projects, including planning and engineering costs, and for
11 the acquisition of open space lands, including the
12 acquisition of easements and other property interests of less
13 than fee simple ownership; the acquisition and related costs
14 and development and management of natural heritage lands,
15 including natural areas and areas providing habitat for
16 endangered species and nongame wildlife, and buffer area
17 lands; the acquisition and related costs and development and
18 management of habitat lands, including forest, wildlife
19 habitat and wetlands; and the removal and disposition of
20 hazardous substances, including the cost of project
21 management, equipment, laboratory analysis, and contractual
22 services necessary for preventative and corrective actions
23 related to the preservation, restoration and conservation of
24 the environment, including deposits not to exceed $60,000,000
25 in the aggregate into the Hazardous Waste Fund and the
26 Brownfields Redevelopment Fund for improvements in accordance
27 with the provisions of Titles V and XVII of the Environmental
28 Protection Act.
29 (e) The amount specified in paragraph (a) above shall
30 include an amount necessary to pay reasonable expenses of
31 each issuance and sale of the Bonds, as specified in the
32 related Bond Sale Order (hereinafter defined).
33 (f) Any unexpended proceeds from any sale of Bonds which
34 are held in the Build Illinois Bond Fund may be used to
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1 redeem, purchase, advance refund, or defease any Bonds
2 outstanding.
3 (Source: P.A. 91-39, eff. 6-15-99; 91-53, eff. 6-30-99.)
4 Section 99. Effective date. This Act takes effect upon
5 becoming law.".