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|[ Introduced ]||[ Engrossed ]||[ House Amendment 001 ]|
|[ Conference Committee Report 001 ]|
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
$10,895,296,392herein 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 SB1203 Enrolled -2- LRB9106016MWpc 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 $4,335,266,392is 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 $1,189,517,246for 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 $1,126,370,168for correctional 31 purposes at State prison and correctional centers; 32 (c) $433,941,786 $379,711,786for open spaces, 33 recreational and conservation purposes and the protection of SB1203 Enrolled -3- LRB9106016MWpc 1 land; 2 (d) $506,780,486 $482,280,486for 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 $895,189,341for 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 $147,267,796for 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 SB1203 Enrolled -4- LRB9106016MWpc 1 district; and2 (l) $138,484,200 $33,171,200to 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 $2,484,270,000is 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 $1,411,000,000for 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 SB1203 Enrolled -5- LRB9106016MWpc 1 road districts for the following specific purposes: 2 (1) $3,330,000,000 $1,310,000,000for 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 $883,270,000for 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 $787,470,000statewide, 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 $190,000,000for 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 $1,100,000,000for 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 $250,000,00021 Third year......................$500,000,000 $250,000,00022 Fourth year.....................$500,000,000 $200,000,00023 Fifth year......................$300,000,000 $200,000,00024 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 $213,035,000is 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 of21 $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 bearinginterest payable at such times 24 and at such fixed rate or rates, and annually or semiannually25 from their date at a rate that does not exceed that permitted26 in "AN ACT to authorize public corporations to issue Bonds,27 other evidences of indebtedness and tax anticipation warrants28 subject to interest rate limitations set forth therein",29 approved May 26, 1970, as now or hereafter amended, andbe 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 any4 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 the9 Budget in the order authorizing the issuance and sale of such10 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 order13 authorizing the issuance and sale of Bonds; provided;14 however, that the State shall not pay a premium of more than15 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 sealed24 bids, at not exceeding the maximum interest rate for any25 maturity as fixed in the order authorizing the issuance of26 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 beSB1203 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 such9 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 beadequate 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, $2,339,025,00025 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 $2,036,500,000herein 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 $1,470,419,000for 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 $46,301,500for 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 $461,128,600for 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 $58,650,900for 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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