State of Illinois
91st General Assembly
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91_SB1203enr

 
SB1203 Enrolled                                LRB9106016MWpc

 1        AN ACT in relation to State Bonds, amending named Acts.

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

 4        Section 5.  The State Finance Act is  amended  by  adding
 5    Section 8.40 as follows:

 6        (30 ILCS 105/8.40 new)
 7        Sec. 8.40.  Infrastructure Task Force fee prohibition.  A
 8    person who was a member of the Governor's Infrastructure Task
 9    Force  on  May 1, 1999, and any entity in which such a person
10    has  an  ownership  interest  or  distributive  income  share
11    exceeding 5%, or an amount greater than  60%  of  the  annual
12    salary  of  the  Governor,  is  prohibited from receiving any
13    legal, banking, or consulting fee relating to the issuance of
14    bonds or to other financing arrangements for projects arising
15    from reports or recommendations made by that Task Force.

16        Section 10.  The General Obligation Bond Act  is  amended
17    by changing Sections 2, 3, 4, 5, 6, 9, 11, and 16 as follows:

18        (30 ILCS 330/2) (from Ch. 127, par. 652)
19        Sec.  2.  Authorization for Bonds.  The State of Illinois
20    is authorized to issue, sell and provide for  the  retirement
21    of  General  Obligation Bonds of the State of Illinois in the
22    total amount of $16,177,847,592 $10,895,296,392 herein called
23    "Bonds".
24        Of the total amount of  bonds  authorized  above,  up  to
25    $2,200,000,000  in aggregate original principal amount may be
26    issued and sold in accordance with the Baccalaureate  Savings
27    Act in the form of General Obligation College Savings Bonds.
28        Of  the  total  amount  of  bonds authorized above, up to
29    $300,000,000 in aggregate original principal  amount  may  be

 
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 1    issued and sold in accordance with the Retirement Savings Act
 2    in the form of General Obligation Retirement Savings Bonds.
 3        The  issuance  and  sale of Bonds pursuant to the General
 4    Obligation Bond Act is an economical and efficient method  of
 5    financing  the  capital  needs  of  the State.  This Act will
 6    permit the issuance of  a  multi-purpose  General  Obligation
 7    Bond  with  uniform  terms  and features.  This will not only
 8    lower the cost of registration but also  reduce  the  overall
 9    cost  of  issuing  debt  by  improving  the  marketability of
10    Illinois General Obligation Bonds.
11        Bonds shall be issued for  the  categories  and  specific
12    purposes  expressed in Sections 2 through 8 and Section 16 of
13    this Act.
14    (Source: P.A. 90-1, eff. 2-20-97; 90-8, eff. 12-8-97; 90-549,
15    eff. 12-8-97; 90-586, eff. 6-4-98.)

16        (30 ILCS 330/3) (from Ch. 127, par. 653)
17        Sec. 3. Capital Facilities. The amount of  $5,238,217,592
18    $4,335,266,392  is authorized to be used for the acquisition,
19    development,   construction,   reconstruction,   improvement,
20    financing, architectural planning and installation of capital
21    facilities  within  the  State,  consisting   of   buildings,
22    structures,  durable  equipment,  land, and interests in land
23    for the following specific purposes:
24        (a)  $1,516,755,446   $1,189,517,246   for    educational
25    purposes  by  State  universities  and colleges, the Illinois
26    Community College  Board  created  by  the  Public  Community
27    College  Act  and  for grants to public community colleges as
28    authorized by Sections 5-11 and 5-12 of the Public  Community
29    College Act;
30        (b)  $1,312,970,168   $1,126,370,168   for   correctional
31    purposes at State prison and correctional centers;
32        (c)  $433,941,786    $379,711,786    for   open   spaces,
33    recreational and conservation purposes and the protection  of
 
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 1    land;
 2        (d)  $506,780,486 $482,280,486 for child care facilities,
 3    mental  and  public health facilities, and facilities for the
 4    care of disabled veterans and their spouses;
 5        (e)  $1,033,599,341 $895,189,341 for use  by  the  State,
 6    its    departments,    authorities,    public   corporations,
 7    commissions and agencies;
 8        (f)  $818,100  for  cargo  handling  facilities  at  port
 9    districts and for breakwaters, including harbor entrances, at
10    port districts in conjunction with facilities for small boats
11    and pleasure crafts;
12        (g)  $173,527,796   $147,267,796   for   water   resource
13    management projects;
14        (h)  $16,940,269 for the provision of facilities for food
15    production research  and  related  instructional  and  public
16    service  activities  at  the  State  universities  and public
17    community colleges;
18        (i)  $34,000,000 for grants by the Secretary of State, as
19    State Librarian, for central library facilities authorized by
20    Section 8 of the Illinois Library System Act and  for  grants
21    by the Capital Development Board to units of local government
22    for public library facilities;
23        (j)  $25,000,000   for   the   acquisition,  development,
24    construction,   reconstruction,    improvement,    financing,
25    architectural planning and installation of capital facilities
26    consisting  of  buildings,  structures, durable equipment and
27    land  for  grants  to  counties,  municipalities  or   public
28    building commissions with correctional facilities that do not
29    comply  with  the  minimum  standards  of  the  Department of
30    Corrections under Section  3-15-2  of  the  Unified  Code  of
31    Corrections;
32        (k)  $5,000,000  for  grants  in  fiscal year 1988 by the
33    Department of Conservation for improvement  or  expansion  of
34    aquarium  facilities  located  on  property  owned  by a park
 
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 1    district; and
 2        (l)  $138,484,200  $33,171,200  to  State  agencies   for
 3    grants  to  local governments for the acquisition, financing,
 4    architectural     planning,     development,      alteration,
 5    installation,   and   construction   of   capital  facilities
 6    consisting of buildings, structures, durable  equipment,  and
 7    land; and
 8        (m)  $40,400,000 for the Illinois Open Land Trust Program
 9    as defined by the Illinois Open Land Trust Act.
10        The  amounts  authorized above for capital facilities may
11    be  used  for  the  acquisition,  installation,   alteration,
12    construction, or reconstruction of capital facilities and for
13    the  purchase  of  equipment for the purpose of major capital
14    improvements which will reduce energy  consumption  in  State
15    buildings or facilities.
16    (Source: P.A. 90-1, eff. 2-20-97; 90-8, eff. 12-8-97; 90-549,
17    eff. 12-8-97; 90-586, eff. 6-4-98.)

18        (30 ILCS 330/4) (from Ch. 127, par. 654)
19        Sec.  4.   Transportation.   The amount of $5,312,270,000
20    $2,484,270,000 is authorized for use  by  the  Department  of
21    Transportation  for  the  specific  purpose  of promoting and
22    assuring rapid, efficient, and safe  highway,  air  and  mass
23    transportation  for the inhabitants of the State by providing
24    monies, including the making of grants  and  loans,  for  the
25    acquisition,   construction,  reconstruction,  extension  and
26    improvement of the following  transportation  facilities  and
27    equipment,  and  for  the  acquisition  of  real property and
28    interests  in  real  property  required  or  expected  to  be
29    required in connection therewith as follows:
30        (a)  $3,431,000,000 $1,411,000,000  for  State  highways,
31    arterial   highways,  freeways,  roads,  bridges,  structures
32    separating highways and railroads and roads, and  bridges  on
33    roads  maintained  by  counties, municipalities, townships or
 
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 1    road districts for the following specific purposes:
 2             (1)  $3,330,000,000    $1,310,000,000    for     use
 3        statewide,
 4             (2)  $3,641,000   for   use   outside   the  Chicago
 5        urbanized area,
 6             (3)  $7,543,000 for use within the Chicago urbanized
 7        area,
 8             (4)  $13,060,600 for use within the City of Chicago,
 9             (5)  $57,894,500 for  use  within  the  counties  of
10        Cook, DuPage, Kane, Lake, McHenry and Will, and
11             (6)  $18,860,900  for  use  outside  the counties of
12        Cook, DuPage, Kane, Lake, McHenry and Will.
13        (b)  $1,529,670,000 $883,270,000 for rail facilities  and
14    for  mass  transit facilities, as defined in Section 49.19 of
15    the Civil Administrative Code of  Illinois,  including  rapid
16    transit,  rail,  bus  and  other equipment used in connection
17    therewith by the State  or  any  unit  of  local  government,
18    special  transportation  district,  municipal  corporation or
19    other corporation or public authority authorized  to  provide
20    and  promote public transportation within the State or two or
21    more of the foregoing jointly,  for  the  following  specific
22    purposes:
23             (1)  $1,433,870,000 $787,470,000 statewide,
24             (2)  $83,350,000  for  use  within  the  counties of
25        Cook, DuPage, Kane, Lake, McHenry and Will,
26             (3)  $12,450,000 for use  outside  the  counties  of
27        Cook, DuPage, Kane, Lake, McHenry and Will.
28        (c)  $351,600,000  $190,000,000  for  airport or aviation
29    facilities and any equipment used  in  connection  therewith,
30    including  engineering  and  land  acquisition  costs, by the
31    State or any unit of local government, special transportation
32    district,  municipal  corporation  or  other  corporation  or
33    public authority authorized to provide public  transportation
34    within  the  State,  or  two  or more of the foregoing acting
 
SB1203 Enrolled            -6-                 LRB9106016MWpc
 1    jointly.
 2    (Source: P.A. 89-235, eff. 8-4-95; 90-1, eff. 2-20-97;  90-8,
 3    eff.  12-8-97  (changed  from 6-1-98 by P.A. 90-549); 90-586,
 4    eff. 6-4-98.)

 5        (30 ILCS 330/5) (from Ch. 127, par. 655)
 6        Sec. 5.  School Construction.
 7        (a)  The amount of  $58,450,000  is  authorized  to  make
 8    grants   to  local  school  districts  for  the  acquisition,
 9    development,  construction,  reconstruction,  rehabilitation,
10    improvement,   financing,    architectural    planning    and
11    installation of capital facilities, including but not limited
12    to  those  required  for  special education building projects
13    provided for in Article 14 of The School Code, consisting  of
14    buildings,  structures,  and  durable  equipment, and for the
15    acquisition and improvement of real property and interests in
16    real property  required,  or  expected  to  be  required,  in
17    connection therewith.
18        (b)  $22,550,000, or so much thereof as may be necessary,
19    for  grants  to  school districts for the making of principal
20    and interest payments, required to be made, on  bonds  issued
21    by  such  school districts after January 1, 1969, pursuant to
22    any indenture, ordinance, resolution, agreement  or  contract
23    to   provide   funds   for   the   acquisition,  development,
24    construction,  reconstruction,  rehabilitation,  improvement,
25    architectural planning and installation of capital facilities
26    consisting of buildings, structures,  durable  equipment  and
27    land  for educational purposes or for lease payments required
28    to be made by a school district for  principal  and  interest
29    payments  on  bonds  issued  by  a Public Building Commission
30    after January 1, 1969.
31        (c)  $10,000,000 for grants to school districts  for  the
32    acquisition,   development,   construction,   reconstruction,
33    rehabilitation,   improvement,   architectural  planning  and
 
SB1203 Enrolled            -7-                 LRB9106016MWpc
 1    installation of capital facilities  consisting  of  buildings
 2    structures,  durable equipment and land for special education
 3    building projects.
 4        (d)  $9,000,000 for grants to school  districts  for  the
 5    reconstruction,  rehabilitation,  improvement,  financing and
 6    architectural  planning  of  capital  facilities,   including
 7    construction  at  another  location  to  replace such capital
 8    facilities, consisting of those public school  buildings  and
 9    temporary  school facilities which, prior to January 1, 1984,
10    were condemned by the regional superintendent  under  Section
11    3-14.22  of  The  School Code or by any State official having
12    jurisdiction over building safety.
13        (e)  $2,120,000,000 $1,100,000,000 for grants  to  school
14    districts  for  school improvement projects authorized by the
15    School Construction Law.  The bonds shall be sold in  amounts
16    not  to  exceed  the following schedule, except any bonds not
17    sold during one year shall be added to the bonds to  be  sold
18    during the remainder of the schedule:
19        First year...................................$200,000,000
20        Second year.....................$450,000,000 $250,000,000
21        Third year......................$500,000,000 $250,000,000
22        Fourth year.....................$500,000,000 $200,000,000
23        Fifth year......................$300,000,000 $200,000,000
24        Sixth year...................................$170,000,000
25    (Source: P.A. 90-549, eff. 12-8-97.)

26        (30 ILCS 330/6) (from Ch. 127, par. 656)
27        Sec. 6.  Anti-Pollution.
28        (a)  The   amount   of   $244,635,000   $213,035,000   is
29    authorized  for  allocation  by  the Environmental Protection
30    Agency for grants or loans to units of  local  government  in
31    such  amounts,  at  such  times  and  for such purpose as the
32    Agency  deems  necessary  or  desirable  for  the   planning,
33    financing,  and  construction  of  municipal sewage treatment
 
SB1203 Enrolled            -8-                 LRB9106016MWpc
 1    works and solid waste disposal facilities and for  making  of
 2    deposits   into   the  Water  Revolving  Fund  and  the  U.S.
 3    Environmental  Protection  Fund  to  provide  assistance   in
 4    accordance   with   the  provisions  of  Title  IV-A  of  the
 5    Environmental Protection Act.
 6        (b)  The  amount  of  $160,500,000  is   authorized   for
 7    allocation by the Environmental Protection Agency for payment
 8    of  claims  submitted  to  the State and approved for payment
 9    under  the   Leaking   Underground   Storage   Tank   Program
10    established in Title XVI of the Environmental Protection Act.
11    (Source: P.A. 90-1, eff. 2-20-97; 90-8, eff. 12-8-97; 90-549,
12    eff. 12-8-97; 90-586, eff. 6-4-98.)

13        (30 ILCS 330/9) (from Ch. 127, par. 659)
14        Sec.  9.   Conditions  for  Issuance  and Sale of Bonds -
15    Requirements for Bonds.  Bonds shall be issued and sold  from
16    time  to  time, in one or more series, in such amounts and at
17    such  prices  as  may  be  directed  by  the  Governor,  upon
18    recommendation by the Director of the Bureau of  the  Budget.
19    Bonds  shall  be  in  such form (either coupon, registered or
20    book entry), in such denominations, in  the  denomination  of
21    $5,000 or some multiple thereof, payable within 30 years from
22    their  date,  subject  to  such  terms  of redemption with or
23    without premium, bear bearing interest payable at such  times
24    and at such fixed rate or rates, and annually or semiannually
25    from their date at a rate that does not exceed that permitted
26    in  "AN  ACT to authorize public corporations to issue Bonds,
27    other evidences of indebtedness and tax anticipation warrants
28    subject to interest  rate  limitations  set  forth  therein",
29    approved  May  26,  1970, as now or hereafter amended, and be
30    dated as shall be fixed and determined by the Director of the
31    Bureau of the Budget in the order  authorizing  the  issuance
32    and  sale  of  any  series  of  Bonds,  which  order shall be
33    approved by the Governor and is herein called  a  "Bond  Sale
 
SB1203 Enrolled            -9-                 LRB9106016MWpc
 1    Order"; provided however, that interest shall not exceed that
 2    permitted  in the Bond Authorization Act, as now or hereafter
 3    amended prior to the giving of notice  of  the  sale  of  any
 4    Bonds.   Said Bonds shall be payable at such place or places,
 5    within or without the State of  Illinois,  and  may  be  made
 6    registrable  as  to  either principal or as to both principal
 7    and interest, as shall be specified in the  Bond  Sale  Order
 8    fixed  and  determined  by  the Director of the Bureau of the
 9    Budget in the order authorizing the issuance and sale of such
10    Bonds.  Bonds may be callable  or  subject  to  purchase  and
11    retirement  as  fixed  and determined in the Bond Sale Order.
12    by the Director of the Bureau of  the  Budget  in  the  order
13    authorizing   the  issuance  and  sale  of  Bonds;  provided;
14    however, that the State shall not pay a premium of more  than
15    3% of the principal of any Bonds so called.
16    (Source: P.A. 83-1490; revised 10-31-98.)

17        (30 ILCS 330/11) (from Ch. 127, par. 661)
18        Sec. 11. Sale of Bonds.  Bonds shall be sold from time to
19    time  pursuant  to  notice  of  sale  and  public  bid  or by
20    negotiated sale in such amounts  and  at  such  times  as  is
21    directed by the Governor, upon recommendation by the Director
22    of  the Bureau of the Budget to the highest and best bidders,
23    for not less than 97 percent of their par value, upon  sealed
24    bids,  at  not  exceeding  the  maximum interest rate for any
25    maturity as fixed in the order authorizing  the  issuance  of
26    Bonds.
27        If  any  Bonds, including refunding Bonds, are to be sold
28    by negotiated sale, the Director of the Bureau of the  Budget
29    shall  comply  with  the  competitive  request  for  proposal
30    process  set  forth  in the Illinois Procurement Code and all
31    other applicable requirements of that Code.
32        If Bonds are to be sold pursuant to notice  of  sale  and
33    public  bid,  The  right  to  reject  any and all bids may be
 
SB1203 Enrolled            -10-                LRB9106016MWpc
 1    reserved. the Director of the Bureau  of  the  Budget  shall,
 2    from  time  to  time,  as Bonds are to be sold, advertise the
 3    sale of the Bonds in at least two daily  newspapers,  one  of
 4    which  is published in the City of Springfield and one in the
 5    City of Chicago, for proposals to purchase Bonds.   The  sale
 6    of  the  Bonds  shall also be advertised in the volume of the
 7    Illinois  Procurement  Bulletin  that  is  published  by  the
 8    Department of Central Management Services.  Each of the  such
 9    advertisements for proposals shall be published once at least
10    10  days prior to the date fixed for the opening of the bids.
11    The Director of the Bureau of the Budget may  reschedule  the
12    date of sale upon the giving of such additional notice as the
13    Director  deems  deemed  to be adequate to inform prospective
14    bidders of such change; provided,  however,  that  all  other
15    conditions   of   the   sale  shall  continue  as  originally
16    advertised.
17        Executed Bonds shall, upon payment therefor, be delivered
18    to the purchaser, and the proceeds of  Bonds  shall  be  paid
19    into  the  State  Treasury  as directed by Section 12 of this
20    Act.
21    (Source: P.A. 87-836; 88-552.)

22        (30 ILCS 330/16) (from Ch. 127, par. 666)
23        Sec. 16. Refunding Bonds.  The amount of  $2,839,025,000,
24    at any time and from time to time outstanding, $2,339,025,000
25      is  authorized  for  the  purpose of refunding any State of
26    Illinois general obligation Bonds then outstanding, including
27    the payment of any redemption premium thereon, any reasonable
28    expenses of such refunding, any interest accrued or to accrue
29    to the earliest or  any  subsequent  date  of  redemption  or
30    maturity of such outstanding Bonds and any interest to accrue
31    to  the  first  interest  payment  on  the  refunding  Bonds;
32    provided that such refunding Bonds shall mature no later than
33    the final maturity date of Bonds being refunded.
 
SB1203 Enrolled            -11-                LRB9106016MWpc
 1        Refunding Bonds may be sold from time to time pursuant to
 2    notice  of  sale and public bid or by negotiated sale in such
 3    amounts and at such times, as directed by the Governor,  upon
 4    recommendation  by  the Director of the Bureau of the Budget.
 5    The Governor shall notify the State Treasurer and Comptroller
 6    of such refunding.  The proceeds received from  the  sale  of
 7    refunding  Bonds shall be used for the retirement at maturity
 8    or redemption of such outstanding Bonds on  any  maturity  or
 9    redemption  date  and,  pending  such use, shall be placed in
10    escrow, subject to such terms  and  conditions  as  shall  be
11    provided for in the Bond Sale Order relating to the Refunding
12    Bonds.   Proceeds not needed for deposit in an escrow account
13    shall be deposited in the General Obligation Bond  Retirement
14    and  Interest Fund.  This Act shall constitute an irrevocable
15    and continuing appropriation  of  all  amounts  necessary  to
16    establish  an  escrow  account  for  the purpose of refunding
17    outstanding  general  obligation  Bonds  and   to   pay   the
18    reasonable expenses of such refunding and of the issuance and
19    sale  of the refunding Bonds.  Any such escrowed proceeds may
20    be invested and  reinvested  in  direct  obligations  of  the
21    United  States  of America, maturing at such time or times as
22    shall be appropriate to assure the  prompt payment, when due,
23     of the principal of and interest and redemption premium,  if
24    any,  on  the  refunded Bonds.  After the terms of the escrow
25    have been fully satisfied,  any  remaining  balance  of  such
26    proceeds  and interest, income and profits earned or realized
27    on the investments thereof shall be  paid  into  the  General
28    Revenue  Fund.   The  liability  of  the State upon the Bonds
29    shall continue,  provided  that  the  holders  thereof  shall
30    thereafter  be  entitled  to  payment  only out of the moneys
31    deposited in the escrow account.
32        Except as otherwise herein provided in this Section, such
33    refunding Bonds shall in all other respects be subject to the
34    terms and conditions of this Act.
 
SB1203 Enrolled            -12-                LRB9106016MWpc
 1    (Source: P.A. 87-836; 87-873; 88-93; 88-552.)

 2        Section 15.  The Build Illinois Bond Act  is  amended  by
 3    changing Sections 2 and 4 as follows:

 4        (30 ILCS 425/2) (from Ch. 127, par. 2802)
 5        Sec.  2.  Authorization for Bonds.  The State of Illinois
 6    is authorized to issue, sell and provide for  the  retirement
 7    of  limited  obligation  bonds,  notes and other evidences of
 8    indebtedness of the State of Illinois in the total  principal
 9    amount   of   $2,790,970,000   $2,036,500,000  herein  called
10    "Bonds".  Such authorized amount of Bonds  shall  be  reduced
11    from  time to time by amounts, if any, which are equal to the
12    moneys received by the Department of Revenue  in  any  fiscal
13    year  pursuant  to  Section  3-1001  of the "Illinois Vehicle
14    Code", as amended, in excess of the Annual  Specified  Amount
15    (as  defined  in  Section 3 of the "Retailers' Occupation Tax
16    Act", as amended) and transferred at the end of  such  fiscal
17    year  from  the  General  Revenue  Fund to the Build Illinois
18    Purposes Fund as provided in Section  3-1001  of  said  Code;
19    provided,  however,  that  no such reduction shall affect the
20    validity or enforceability of any Bonds issued prior to  such
21    reduction.    Such   amount  of  authorized  Bonds  shall  be
22    exclusive of any refunding Bonds issued pursuant  to  Section
23    15  of this Act and exclusive of any Bonds issued pursuant to
24    this Section which are redeemed, purchased, advance refunded,
25    or defeased in accordance with paragraph (f) of Section 4  of
26    this  Act.   Bonds  shall  be  issued  for the categories and
27    specific purposes expressed in Section 4 of this Act.
28    (Source: P.A. 86-44; 86-78; 86-1473.)

29        (30 ILCS 425/4) (from Ch. 127, par. 2804)
30        Sec. 4. Purposes of Bonds.  Bonds shall be issued for the
31    following purposes and in  the  approximate  amounts  as  set
 
SB1203 Enrolled            -13-                LRB9106016MWpc
 1    forth below:
 2        (a)  $2,069,889,000  $1,470,419,000  for  the expenses of
 3    issuance and sale of Bonds, including bond discounts, and for
 4    planning,     engineering,     acquisition,     construction,
 5    reconstruction, development, improvement and extension of the
 6    public infrastructure in the State  of  Illinois,  including:
 7    the  making of loans or grants to local governments for waste
 8    disposal systems, water and sewer line extensions  and  water
 9    distribution  and  purification  facilities,  rail  or air or
10    water port improvements, gas and electric utility extensions,
11    publicly owned industrial  and  commercial  sites,  buildings
12    used  for  public  administration  purposes  and other public
13    infrastructure capital improvements; the making of  loans  or
14    grants  to  units  of  local  government  for  financing  and
15    construction   of   wastewater   facilities;  refinancing  or
16    retiring bonds issued between January 1, 1987 and January  1,
17    1990  by  home  rule municipalities, debt service on which is
18    provided from a tax imposed by home rule municipalities prior
19    to January 1, 1990 on the sale of food and drugs pursuant  to
20    Section   8-11-1   of  the  Home  Rule  Municipal  Retailers'
21    Occupation Tax  Act  or  Section  8-11-5  of  the  Home  Rule
22    Municipal  Service Occupation Tax Act; the making of deposits
23    not to exceed $70,000,000 in the  aggregate  into  the  Water
24    Pollution  Control  Revolving  Fund  to provide assistance in
25    accordance  with  the  provisions  of  Title  IV-A   of   the
26    Environmental  Protection  Act;  the  planning,  engineering,
27    acquisition,    construction,   reconstruction,   alteration,
28    expansion, extension and improvement  of  highways,  bridges,
29    structures  separating  highways  and  railroads, rest areas,
30    interchanges, access roads to and from  any  State  or  local
31    highway  and  other transportation improvement projects which
32    are related to economic development activities; the making of
33    loans or grants for  planning,  engineering,  rehabilitation,
34    improvement  or  construction of rail and transit facilities;
 
SB1203 Enrolled            -14-                LRB9106016MWpc
 1    the   planning,   engineering,   acquisition,   construction,
 2    reconstruction and improvement of watershed, drainage,  flood
 3    control,  recreation and related improvements and facilities,
 4    including expenses related to land and easement  acquisition,
 5    relocation, control structures, channel work and clearing and
 6    appurtenant  work;  the  making of grants for improvement and
 7    development of  zoos  and  park  district  field  houses  and
 8    related  structures; and the making of grants for improvement
 9    and development of Navy Pier and related structures.
10        (b)  $71,301,500  $46,301,500  for   fostering   economic
11    development  and  increased  employment and the well being of
12    the citizens of Illinois, including: the making of grants for
13    improvement and development of McCormick  Place  and  related
14    structures;    the    planning    and   construction   of   a
15    microelectronics research  center,  including  the  planning,
16    engineering,   construction,   improvement,   renovation  and
17    acquisition  of  buildings,  equipment  and  related  utility
18    support systems;  the  making  of  loans  to  businesses  and
19    investments  in  small  businesses; acquiring real properties
20    for industrial or  commercial  site  development;  acquiring,
21    rehabilitating  and  reconveying  industrial  and  commercial
22    properties  for  the  purpose  of  expanding  employment  and
23    encouraging private and other public sector investment in the
24    economy  of Illinois; the payment of expenses associated with
25    siting   the   Superconducting   Super   Collider    Particle
26    Accelerator   in   Illinois   and   with   its   acquisition,
27    construction,  maintenance, operation, promotion and support;
28    the  making  of  loans   for   the   planning,   engineering,
29    acquisition,  construction,  improvement  and  conversion  of
30    facilities  and  equipment  which  will  foster  the  use  of
31    Illinois  coal;  the  payment of expenses associated with the
32    promotion, establishment, acquisition and operation of  small
33    business   incubator  facilities  and  agribusiness  research
34    facilities,  including  the  lease,   purchase,   renovation,
 
SB1203 Enrolled            -15-                LRB9106016MWpc
 1    planning,   engineering,   construction  and  maintenance  of
 2    buildings, utility support systems and  equipment  designated
 3    for  such  purposes  and the establishment and maintenance of
 4    centralized support services within such facilities; and  the
 5    making  of  grants  or loans to units of local government for
 6    Urban  Development  Action  Grant  and  Housing   Partnership
 7    programs.
 8        (c)  $521,128,600  $461,128,600  for  the development and
 9    improvement  of  educational,   scientific,   technical   and
10    vocational  programs  and  facilities  and  the  expansion of
11    health and human  services  for  all  citizens  of  Illinois,
12    including:  the making of construction and improvement grants
13    and loans to public libraries and library systems; the making
14    of grants and loans for  planning,  engineering,  acquisition
15    and   construction   of   a  new  State  central  library  in
16    Springfield;  the  planning,  engineering,  acquisition   and
17    construction  of  an  animal and dairy sciences facility; the
18    planning, engineering,  acquisition  and  construction  of  a
19    campus  and  all related buildings, facilities, equipment and
20    materials for Richland Community  College;  the  acquisition,
21    rehabilitation  and  installation  of equipment and materials
22    for scientific and historical surveys; the making  of  grants
23    or  loans  for  distribution to eligible vocational education
24    instructional  programs  for  the  upgrading  of   vocational
25    education  programs, school shops and laboratories, including
26    the acquisition, rehabilitation and installation of technical
27    equipment and materials; the making of grants  or  loans  for
28    distribution  to  eligible local educational agencies for the
29    upgrading  of  math  and  science   instructional   programs,
30    including  the  acquisition  of  instructional  equipment and
31    materials;    miscellaneous    capital    improvements    for
32    universities and community colleges including  the  planning,
33    engineering,    construction,   reconstruction,   remodeling,
34    improvement, repair and installation  of  capital  facilities
 
SB1203 Enrolled            -16-                LRB9106016MWpc
 1    and   costs  of  planning,  supplies,  equipment,  materials,
 2    services, and all other  required  expenses;  the  making  of
 3    grants  or  loans  for  repair,  renovation and miscellaneous
 4    capital improvements  for  privately  operated  colleges  and
 5    universities  and community colleges, including the planning,
 6    engineering,   acquisition,   construction,   reconstruction,
 7    remodeling, improvement, repair and installation  of  capital
 8    facilities   and  costs  of  planning,  supplies,  equipment,
 9    materials, services, and all other required expenses; and the
10    making  of  grants  or  loans  for  distribution   to   local
11    governments  for  hospital  and  other health care facilities
12    including    the    planning,    engineering,    acquisition,
13    construction, reconstruction, remodeling, improvement, repair
14    and installation of capital facilities and costs of planning,
15    supplies,  equipment,  materials,  services  and  all   other
16    required expenses.
17        (d)  $128,650,900     $58,650,900     for     protection,
18    preservation,  restoration  and conservation of environmental
19    and natural resources, including: the  making  of  grants  to
20    soil  and  water  conservation districts for the planning and
21    implementation of  conservation  practices  and  for  funding
22    contracts  with  the  Soil Conservation Service for watershed
23    planning; the making of grants to units of  local  government
24    for  the  capital  development  and improvement of recreation
25    areas,  including  planning  and  engineering  costs,   sewer
26    projects,  including planning and engineering costs and water
27    projects, including planning and engineering costs,  and  for
28    the   acquisition   of   open   space  lands,  including  the
29    acquisition of easements and other property interests of less
30    than fee simple ownership; the acquisition and related  costs
31    and  development  and  management  of natural heritage lands,
32    including natural  areas  and  areas  providing  habitat  for
33    endangered  species  and  nongame  wildlife,  and buffer area
34    lands; the acquisition and related costs and development  and
 
SB1203 Enrolled            -17-                LRB9106016MWpc
 1    management  of  habitat  lands,  including  forest,  wildlife
 2    habitat  and  wetlands;  and  the  removal and disposition of
 3    hazardous  substances,  including   the   cost   of   project
 4    management,  equipment,  laboratory analysis, and contractual
 5    services necessary for preventative  and  corrective  actions
 6    related  to the preservation, restoration and conservation of
 7    the environment, including deposits not to exceed $60,000,000
 8    in the aggregate  into  the  Hazardous  Waste  Fund  and  the
 9    Brownfields Redevelopment Fund for improvements in accordance
10    with the provisions of Titles V and XVII of the Environmental
11    Protection Act.
12        (e)  The  amount  specified  in paragraph (a) above shall
13    include an amount necessary to  pay  reasonable  expenses  of
14    each  issuance  and  sale  of  the Bonds, as specified in the
15    related Bond Sale Order (hereinafter defined).
16        (f)  Any unexpended proceeds from any sale of Bonds which
17    are held in the Build Illinois  Bond  Fund  may  be  used  to
18    redeem,  purchase,  advance  refund,  or  defease  any  Bonds
19    outstanding.
20    (Source: P.A. 86-44; 86-78; 86-1028; 86-1473; 87-873.)

21        Section  99.  Effective date.  This Act takes effect upon
22    becoming law.

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