91st General Assembly
Summary of SB1010
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Senate Sponsors:
DILLARD-PHILIP-SMITH.

House Sponsors:
NOVAK-RUTHERFORD-JONES,LOU-ERWIN-BURKE

Short description: 
METRO PIER-EXPO AUTHORITY                                                  

Synopsis of Bill as introduced:
        Amends the Metropolitan Pier and Exposition Authority Act.   Adds      
   a caption and makes a stylistic change in the short title Section.          
          FISCAL NOTE (Metropolitan Pier and Exposition Authority)             
          Requires no expenditure of State funds or increase or decrease       
          of State revenues.                                                   
          HOME RULE NOTE (Dept. of Commerce and Community Affairs)             
          Does not preempt home rule authority.                                
          STATE MANDATES NOTE (Dept. of Commerce and Community Affairs)        
          Does not create a State mandate.                                     
          FISCAL NOTE, H-AM 2 (Dept. of Revenue)                               
          FY2007 deposits are increased by $2 million over current             
          deposits. Projected new deposits range from $115 million in          
          FY2008 to $145 million in FY2013 to FY2029.                          
        HOUSE AMENDMENT NO. 2.                                                 
          Deletes reference to:                                                
          70 ILCS 210/1                                                        
          Adds reference to:                                                   
          30 ILCS 105/8.25f               from Ch. 127, par. 144.25f           
          35 ILCS 105/9                   from Ch. 120, par. 439.9             
          35 ILCS 110/9                   from Ch. 120, par. 439.39            
          35 ILCS 115/9                   from Ch. 120, par. 439.109           
          35 ILCS 120/3                   from Ch. 120, par. 442               
          70 ILCS 210/2                   from Ch. 85, par. 1222               
          70 ILCS 210/5                   from Ch. 85, par. 1225               
          70 ILCS 210/13.2                from Ch. 85, par. 1233.2             
        Deletes everything.  Amends the State Finance Act,  the  Use  Tax      
   Act,  the  Service  Use  Tax  Act, the Service Occupation Tax Act, the      
   Retailers'  Occupation  Tax  Act,  and  the  Metropolitan   Pier   and      
   Exposition  Authority  Act.   Increases  the McCormick Place Expansion      
   Project  Fund  bond  authorization  of  the  Metropolitan   Pier   and      
   Exposition  Authority,  and  permits issuance of advance refund bonds.      
   Redefines the expansion project to remove its limitation  to  Site  B.      
   Prohibits  the  Authority  from spending any expansion project bond or      
   tax proceeds to construct a professional  sports  stadium.   Increases      
   annual  deposits  into  the  McCormick  Place  Expansion  Project Fund      
   beginning in fiscal year 2007.  Effective immediately.                      
 
Last action on Bill: PUBLIC ACT.............................. 91-0101

   Last action date: 99-07-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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