91st General Assembly
Summary of HB0575
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House Sponsors:
MORROW-GASH.

Short description: 
ABOLISH TOLL HWY AUTH                                                      

Synopsis of Bill as introduced:
        Amends the Illinois  Highway  Code  and  the  Toll  Highway  Act.      
   Abolishes  the  Illinois  State  Toll  Highway Authority on January 1,      
   2000.  Provides that at that time, all duties, obligations,  property,      
   assets,  and  powers,  including  the  power  to issue bonds, shall be      
   transferred to the Illinois Department  of  Transportation.   Provides      
   that  the  Department  shall take over the management and operation of      
   the existing toll highways in the State.  Provides that all  employees      
   of  the  Authority  on December 31, 1999 shall become employees of the      
   Department, subject to layoff or  reorganization  by  the  Department.      
   Provides  for  distribution  of the assets of the Authority's employee      
   pension plan.  Provides  that  on  and  after  January  1,  2000,  the      
   committee  that advises the Authority on the toll highway system shall      
   advise the Department instead.  Requires  the  advisory  committee  to      
   provide  recommendations to the Department regarding the existing toll      
   highways becoming freeways by January 1, 2011 or  sooner.    Effective      
   immediately.                                                                
          PENSION NOTE (Pension Laws Commission)                               
          HB 575 would not affect the accrued liabilities or annual costs      
          of any State retirement system or pension fund.                      
          FISCAL NOTE (Department of Transportation)                           
          DOT would be annually responsible for up to $35 million for          
          maintenance expenses, excluding toll booth operations, plus up       
          to $2 million for capital improvements.                              
          FISCAL NOTE (State Toll Highway Authority)                           
          There would be approximately $100 million in increased debt          
          payments on the current outstanding bond debt of approximately       
          $900 million; this $900 million would become a contingent            
          liability and subject the credit rating to a possible further        
          downgrade.                                                           
          PENSION NOTE (Pension Laws Commission)                               
          There would be no fiscal impact on any retirement system or          
          pension fund created under the Pension Code.                         
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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