91st General Assembly
Summary of HB2804
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House Sponsors:

Short description: 
TOLL AUTH-INSPECTOR & BONDS                                                

Synopsis of Bill as introduced:
        Amends the Toll Highway Act.  Requires the Illinois State Toll         
   Highway Authority to appoint an Inspector General to investigate            
   waste, fraud, or financial mismanagement in Authority operations in-        
   volving Authority employees or contractors. Provides for the Inspec-        
   tor General's powers and duties. Makes failure  to cooperate in speci-      
   fied ways with the investigation a Class A misdemeanor. Requires the        
   Authority to use all surplus revenues to fund construction or repairs       
   before issuing bonds to finance those activities. Requires the Auth-        
   ority to structure financing of new tollways and refinancing of debt        
   to facilitate conversion of tollways into free State highways. Re-          
   quires the Authority to report a schedule of that conversion to the         
   Governor and General Assembly every 2 years. Effective immediately.         
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

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


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