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Public Act 098-0094


 

Public Act 0094 98TH GENERAL ASSEMBLY

  
  
  

 


 
Public Act 098-0094
 
HB2869 EnrolledLRB098 09369 HLH 39510 b

    AN ACT concerning finance.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The State Finance Act is amended by changing
Section 6z-78 as follows:
 
    (30 ILCS 105/6z-78)
    Sec. 6z-78. Capital Projects Fund; bonded indebtedness;
transfers. Money in the Capital Projects Fund shall, if and
when the State of Illinois incurs any bonded indebtedness using
the bond authorizations enacted in Public Act 96-36, Public Act
96-1554, Public Act 97-771, and this amendatory Act of the 98th
97th General Assembly, be set aside and used for the purpose of
paying and discharging annually the principal and interest on
that bonded indebtedness then due and payable.
    In addition to other transfers to the General Obligation
Bond Retirement and Interest Fund made pursuant to Section 15
of the General Obligation Bond Act, upon each delivery of
general obligation bonds using bond authorizations enacted in
Public Act 96-36, Public Act 96-1554, Public Act 97-771, and
this amendatory Act of the 98th 97th General Assembly the State
Comptroller shall compute and certify to the State Treasurer
the total amount of principal of, interest on, and premium, if
any, on such bonds during the then current and each succeeding
fiscal year. With respect to the interest payable on variable
rate bonds, such certifications shall be calculated at the
maximum rate of interest that may be payable during the fiscal
year, after taking into account any credits permitted in the
related indenture or other instrument against the amount of
such interest required to be appropriated for the period.
    (a) Except as provided for in subsection (b), on or before
the last day of each month, the State Treasurer and State
Comptroller shall transfer from the Capital Projects Fund to
the General Obligation Bond Retirement and Interest Fund an
amount sufficient to pay the aggregate of the principal of,
interest on, and premium, if any, on the bonds payable on their
next payment date, divided by the number of monthly transfers
occurring between the last previous payment date (or the
delivery date if no payment date has yet occurred) and the next
succeeding payment date. Interest payable on variable rate
bonds shall be calculated at the maximum rate of interest that
may be payable for the relevant period, after taking into
account any credits permitted in the related indenture or other
instrument against the amount of such interest required to be
appropriated for that period. Interest for which moneys have
already been deposited into the capitalized interest account
within the General Obligation Bond Retirement and Interest Fund
shall not be included in the calculation of the amounts to be
transferred under this subsection.
    (b) On or before the last day of each month, the State
Treasurer and State Comptroller shall transfer from the Capital
Projects Fund to the General Obligation Bond Retirement and
Interest Fund an amount sufficient to pay the aggregate of the
principal of, interest on, and premium, if any, on the bonds
issued prior to January 1, 2012 pursuant to Section 4(d) of the
General Obligation Bond Act payable on their next payment date,
divided by the number of monthly transfers occurring between
the last previous payment date (or the delivery date if no
payment date has yet occurred) and the next succeeding payment
date. If the available balance in the Capital Projects Fund is
not sufficient for the transfer required in this subsection,
the State Treasurer and State Comptroller shall transfer the
difference from the Road Fund to the General Obligation Bond
Retirement and Interest Fund; except that such Road Fund
transfers shall constitute a debt of the Capital Projects Fund
which shall be repaid according to subsection (c). Interest
payable on variable rate bonds shall be calculated at the
maximum rate of interest that may be payable for the relevant
period, after taking into account any credits permitted in the
related indenture or other instrument against the amount of
such interest required to be appropriated for that period.
Interest for which moneys have already been deposited into the
capitalized interest account within the General Obligation
Bond Retirement and Interest Fund shall not be included in the
calculation of the amounts to be transferred under this
subsection.
    (c) On the first day of any month when the Capital Projects
Fund is carrying a debt to the Road Fund due to the provisions
of subsection (b), the State Treasurer and State Comptroller
shall transfer from the Capital Projects Fund to the Road Fund
an amount sufficient to discharge that debt. These transfers to
the Road Fund shall continue until the Capital Projects Fund
has repaid to the Road Fund all transfers made from the Road
Fund pursuant to subsection (b). Notwithstanding any other law
to the contrary, transfers to the Road Fund from the Capital
Projects Fund shall be made prior to any other expenditures or
transfers out of the Capital Projects Fund.
(Source: P.A. 96-36, eff. 7-13-09; 96-820, eff. 11-18-09;
96-1554, eff. 3-18-11; 97-771, eff. 7-10-12.)
 
    Section 10. The General Obligation Bond Act is amended by
changing Sections 2, 3, 4, 5, 6, and 7 as follows:
 
    (30 ILCS 330/2)  (from Ch. 127, par. 652)
    Sec. 2. Authorization for Bonds. The State of Illinois is
authorized to issue, sell and provide for the retirement of
General Obligation Bonds of the State of Illinois for the
categories and specific purposes expressed in Sections 2
through 8 of this Act, in the total amount of $49,317,925,743
$47,092,925,743 $45,476,125,743.
    The bonds authorized in this Section 2 and in Section 16 of
this Act are herein called "Bonds".
    Of the total amount of Bonds authorized in this Act, up to
$2,200,000,000 in aggregate original principal amount may be
issued and sold in accordance with the Baccalaureate Savings
Act in the form of General Obligation College Savings Bonds.
    Of the total amount of Bonds authorized in this Act, up to
$300,000,000 in aggregate original principal amount may be
issued and sold in accordance with the Retirement Savings Act
in the form of General Obligation Retirement Savings Bonds.
    Of the total amount of Bonds authorized in this Act, the
additional $10,000,000,000 authorized by Public Act 93-2, the
$3,466,000,000 authorized by Public Act 96-43, and the
$4,096,348,300 authorized by Public Act 96-1497 shall be used
solely as provided in Section 7.2.
    The issuance and sale of Bonds pursuant to the General
Obligation Bond Act is an economical and efficient method of
financing the long-term capital needs of the State. This Act
will permit the issuance of a multi-purpose General Obligation
Bond with uniform terms and features. This will not only lower
the cost of registration but also reduce the overall cost of
issuing debt by improving the marketability of Illinois General
Obligation Bonds.
(Source: P.A. 96-5, eff. 4-3-09; 96-36, eff. 7-13-09; 96-43,
eff. 7-15-09; 96-885, eff. 3-11-10; 96-1000, eff. 7-2-10;
96-1497, eff. 1-14-11; 96-1554, eff. 3-18-11; 97-333, eff.
8-12-11; 97-771, eff. 7-10-12; 97-813, eff. 7-13-12; revised
7-23-12.)
 
    (30 ILCS 330/3)  (from Ch. 127, par. 653)
    Sec. 3. Capital Facilities. The amount of $9,753,963,443
$8,900,463,443 is authorized to be used for the acquisition,
development, construction, reconstruction, improvement,
financing, architectural planning and installation of capital
facilities within the State, consisting of buildings,
structures, durable equipment, land, interests in land, and the
costs associated with the purchase and implementation of
information technology, including but not limited to the
purchase of hardware and software, for the following specific
purposes:
        (a) $3,393,228,000 $3,007,228,000 for educational
    purposes by State universities and colleges, the Illinois
    Community College Board created by the Public Community
    College Act and for grants to public community colleges as
    authorized by Sections 5-11 and 5-12 of the Public
    Community College Act;
        (b) $1,648,420,000 for correctional purposes at State
    prison and correctional centers;
        (c) $599,183,000 for open spaces, recreational and
    conservation purposes and the protection of land;
        (d) $751,317,000 $691,917,000 for child care
    facilities, mental and public health facilities, and
    facilities for the care of disabled veterans and their
    spouses;
        (e) $2,152,790,000 $1,777,990,000 for use by the
    State, its departments, authorities, public corporations,
    commissions and agencies;
        (f) $818,100 for cargo handling facilities at port
    districts and for breakwaters, including harbor entrances,
    at port districts in conjunction with facilities for small
    boats and pleasure crafts;
        (g) $297,177,074 $274,877,074 for water resource
    management projects;
        (h) $16,940,269 for the provision of facilities for
    food production research and related instructional and
    public service activities at the State universities and
    public community colleges;
        (i) $36,000,000 for grants by the Secretary of State,
    as State Librarian, for central library facilities
    authorized by Section 8 of the Illinois Library System Act
    and for grants by the Capital Development Board to units of
    local government for public library facilities;
        (j) $25,000,000 for the acquisition, development,
    construction, reconstruction, improvement, financing,
    architectural planning and installation of capital
    facilities consisting of buildings, structures, durable
    equipment and land for grants to counties, municipalities
    or public building commissions with correctional
    facilities that do not comply with the minimum standards of
    the Department of Corrections under Section 3-15-2 of the
    Unified Code of Corrections;
        (k) $5,000,000 for grants in fiscal year 1988 by the
    Department of Conservation for improvement or expansion of
    aquarium facilities located on property owned by a park
    district;
        (l) $599,590,000 $588,590,000 to State agencies for
    grants to local governments for the acquisition,
    financing, architectural planning, development,
    alteration, installation, and construction of capital
    facilities consisting of buildings, structures, durable
    equipment, and land; and
        (m) $228,500,000 for the Illinois Open Land Trust
    Program as defined by the Illinois Open Land Trust Act.
    The amounts authorized above for capital facilities may be
used for the acquisition, installation, alteration,
construction, or reconstruction of capital facilities and for
the purchase of equipment for the purpose of major capital
improvements which will reduce energy consumption in State
buildings or facilities.
(Source: P.A. 96-36, eff. 7-13-09; 96-37, eff. 7-13-09;
96-1000, eff. 7-2-10; 96-1554, eff. 3-18-11.)
 
    (30 ILCS 330/4)  (from Ch. 127, par. 654)
    Sec. 4. Transportation. The amount of $14,848,199,000
$14,060,599,000 is authorized for use by the Department of
Transportation for the specific purpose of promoting and
assuring rapid, efficient, and safe highway, air and mass
transportation for the inhabitants of the State by providing
monies, including the making of grants and loans, for the
acquisition, construction, reconstruction, extension and
improvement of the following transportation facilities and
equipment, and for the acquisition of real property and
interests in real property required or expected to be required
in connection therewith as follows:
    (a) $5,432,129,000 for State highways, arterial highways,
freeways, roads, bridges, structures separating highways and
railroads and roads, and bridges on roads maintained by
counties, municipalities, townships or road districts for the
following specific purposes:
        (1) $3,330,000,000 for use statewide,
        (2) $3,677,000 for use outside the Chicago urbanized
    area,
        (3) $7,543,000 for use within the Chicago urbanized
    area,
        (4) $13,060,600 for use within the City of Chicago,
        (5) $58,987,500 for use within the counties of Cook,
    DuPage, Kane, Lake, McHenry and Will,
        (6) $18,860,900 for use outside the counties of Cook,
    DuPage, Kane, Lake, McHenry and Will, and
        (7) $2,000,000,000 for use on projects included in
    either (i) the FY09-14 Proposed Highway Improvement
    Program as published by the Illinois Department of
    Transportation in May 2008 or (ii) the FY10-15 Proposed
    Highway Improvement Program to be published by the Illinois
    Department of Transportation in the spring of 2009; except
    that all projects must be maintenance projects for the
    existing State system with the goal of reaching 90%
    acceptable condition in the system statewide and further
    except that all projects must reflect the generally
    accepted historical distribution of projects throughout
    the State.
    (b) $5,379,670,000 $5,079,570,000 for rail facilities and
for mass transit facilities, as defined in Section 2705-305 of
the Department of Transportation Law (20 ILCS 2705/2705-305),
including rapid transit, rail, bus and other equipment used in
connection therewith by the State or any unit of local
government, special transportation district, municipal
corporation or other corporation or public authority
authorized to provide and promote public transportation within
the State or two or more of the foregoing jointly, for the
following specific purposes:
        (1) $4,283,870,000 $3,983,770,000 statewide,
        (2) $83,350,000 for use within the counties of Cook,
    DuPage, Kane, Lake, McHenry and Will,
        (3) $12,450,000 for use outside the counties of Cook,
    DuPage, Kane, Lake, McHenry and Will, and
        (4) $1,000,000,000 for use on projects that shall
    reflect the generally accepted historical distribution of
    projects throughout the State.
    (c) $482,600,000 for airport or aviation facilities and any
equipment used in connection therewith, including engineering
and land acquisition costs, by the State or any unit of local
government, special transportation district, municipal
corporation or other corporation or public authority
authorized to provide public transportation within the State,
or two or more of the foregoing acting jointly, and for the
making of deposits into the Airport Land Loan Revolving Fund
for loans to public airport owners pursuant to the Illinois
Aeronautics Act.
    (d) $3,553,800,000 $3,066,300,000 for use statewide for
State or local highways, arterial highways, freeways, roads,
bridges, and structures separating highways and railroads and
roads, and for grants to counties, municipalities, townships,
or road districts for planning, engineering, acquisition,
construction, reconstruction, development, improvement,
extension, and all construction-related expenses of the public
infrastructure and other transportation improvement projects
which are related to economic development in the State of
Illinois.
(Source: P.A. 96-5, eff. 4-3-09; 96-36, eff. 7-13-09; 96-37,
eff. 7-13-09; 96-1554, eff. 3-18-11; 97-771, eff. 7-10-12.)
 
    (30 ILCS 330/5)  (from Ch. 127, par. 655)
    Sec. 5. School Construction.
    (a) The amount of $58,450,000 is authorized to make grants
to local school districts for the acquisition, development,
construction, reconstruction, rehabilitation, improvement,
financing, architectural planning and installation of capital
facilities, including but not limited to those required for
special education building projects provided for in Article 14
of The School Code, consisting of buildings, structures, and
durable equipment, and for the acquisition and improvement of
real property and interests in real property required, or
expected to be required, in connection therewith.
    (b) $22,550,000, or so much thereof as may be necessary,
for grants to school districts for the making of principal and
interest payments, required to be made, on bonds issued by such
school districts after January 1, 1969, pursuant to any
indenture, ordinance, resolution, agreement or contract to
provide funds for the acquisition, development, construction,
reconstruction, rehabilitation, improvement, architectural
planning and installation of capital facilities consisting of
buildings, structures, durable equipment and land for
educational purposes or for lease payments required to be made
by a school district for principal and interest payments on
bonds issued by a Public Building Commission after January 1,
1969.
    (c) $10,000,000 for grants to school districts for the
acquisition, development, construction, reconstruction,
rehabilitation, improvement, architectural planning and
installation of capital facilities consisting of buildings
structures, durable equipment and land for special education
building projects.
    (d) $9,000,000 for grants to school districts for the
reconstruction, rehabilitation, improvement, financing and
architectural planning of capital facilities, including
construction at another location to replace such capital
facilities, consisting of those public school buildings and
temporary school facilities which, prior to January 1, 1984,
were condemned by the regional superintendent under Section
3-14.22 of The School Code or by any State official having
jurisdiction over building safety.
    (e) $3,050,000,000 for grants to school districts for
school improvement projects authorized by the School
Construction Law. The bonds shall be sold in amounts not to
exceed the following schedule, except any bonds not sold during
one year shall be added to the bonds to be sold during the
remainder of the schedule:
    First year...................................$200,000,000
    Second year..................................$450,000,000
    Third year...................................$500,000,000
    Fourth year..................................$500,000,000
    Fifth year...................................$800,000,000
    Sixth year and thereafter....................$600,000,000
    (f) $1,600,000,000 $1,066,000,000 grants to school
districts for school implemented projects authorized by the
School Construction Law.
(Source: P.A. 96-36, eff. 7-13-09; 96-1554, eff. 3-18-11.)
 
    (30 ILCS 330/6)  (from Ch. 127, par. 656)
    Sec. 6. Anti-Pollution.
    (a) The amount of $443,215,000 $422,815,000 is authorized
for allocation by the Environmental Protection Agency for
grants or loans to units of local government in such amounts,
at such times and for such purpose as the Agency deems
necessary or desirable for the planning, financing, and
construction of municipal sewage treatment works and solid
waste disposal facilities and for making of deposits into the
Water Revolving Fund and the U.S. Environmental Protection Fund
to provide assistance in accordance with the provisions of
Title IV-A of the Environmental Protection Act.
    (b) The amount of $236,500,000 is authorized for allocation
by the Environmental Protection Agency for payment of claims
submitted to the State and approved for payment under the
Leaking Underground Storage Tank Program established in Title
XVI of the Environmental Protection Act.
(Source: P.A. 96-36, eff. 7-13-09; 96-1554, eff. 3-18-11.)
 
    (30 ILCS 330/7)  (from Ch. 127, par. 657)
    Sec. 7. Coal and Energy Development. The amount of
$742,700,000 $698,200,000 is authorized to be used by the
Department of Commerce and Economic Opportunity (formerly
Department of Commerce and Community Affairs) for coal and
energy development purposes, pursuant to Sections 2, 3 and 3.1
of the Illinois Coal and Energy Development Bond Act, for the
purposes specified in Section 8.1 of the Energy Conservation
and Coal Development Act, for the purposes specified in Section
605-332 of the Department of Commerce and Economic Opportunity
Law of the Civil Administrative Code of Illinois, and for the
purpose of facility cost reports prepared pursuant to Sections
1-58 or 1-75(d)(4) of the Illinois Power Agency Act and for the
purpose of development costs pursuant to Section 8.1 of the
Energy Conservation and Coal Development Act. Of this amount:
    (a) $143,500,000 $115,000,000 is for the specific purposes
of acquisition, development, construction, reconstruction,
improvement, financing, architectural and technical planning
and installation of capital facilities consisting of
buildings, structures, durable equipment, and land for the
purpose of capital development of coal resources within the
State and for the purposes specified in Section 8.1 of the
Energy Conservation and Coal Development Act;
    (b) $35,000,000 is for the purposes specified in Section
8.1 of the Energy Conservation and Coal Development Act and
making grants to generating stations and coal gasification
facilities within the State of Illinois and to the owner of a
generating station located in Illinois and having at least
three coal-fired generating units with accredited summer
capability greater than 500 megawatts each at such generating
station as provided in Section 6 of that Bond Act;
    (c) $13,200,000 is for research, development and
demonstration of forms of energy other than that derived from
coal, either on or off State property;
    (d) $500,000,000 is for the purpose of providing financial
assistance to new electric generating facilities as provided in
Section 605-332 of the Department of Commerce and Economic
Opportunity Law of the Civil Administrative Code of Illinois;
and
    (e) $51,000,000 $50,000,000 is for the purpose of facility
cost reports prepared for not more than one facility pursuant
to Section 1-75(d)(4) of the Illinois Power Agency Act and not
more than one facility pursuant to Section 1-58 of the Illinois
Power Agency Act and for the purpose of up to $6,000,000 of
development costs pursuant to Section 8.1 of the Energy
Conservation and Coal Development Act.
(Source: P.A. 95-1026, eff. 1-12-09; 96-781, eff. 8-28-09;
96-1000, eff. 7-2-10; 96-1465, eff. 8-20-10; 96-1554, eff.
3-18-11.)
 
    Section 15. The Build Illinois Bond Act is amended by
changing Sections 2 and 4 as follows:
 
    (30 ILCS 425/2)  (from Ch. 127, par. 2802)
    Sec. 2. Authorization for Bonds. The State of Illinois is
authorized to issue, sell and provide for the retirement of
limited obligation bonds, notes and other evidences of
indebtedness of the State of Illinois in the total principal
amount of $6,246,009,000 $5,703,509,000 herein called "Bonds".
Such authorized amount of Bonds shall be reduced from time to
time by amounts, if any, which are equal to the moneys received
by the Department of Revenue in any fiscal year pursuant to
Section 3-1001 of the "Illinois Vehicle Code", as amended, in
excess of the Annual Specified Amount (as defined in Section 3
of the "Retailers' Occupation Tax Act", as amended) and
transferred at the end of such fiscal year from the General
Revenue Fund to the Build Illinois Purposes Fund (now
abolished) as provided in Section 3-1001 of said Code;
provided, however, that no such reduction shall affect the
validity or enforceability of any Bonds issued prior to such
reduction. Such amount of authorized Bonds shall be exclusive
of any refunding Bonds issued pursuant to Section 15 of this
Act and exclusive of any Bonds issued pursuant to this Section
which are redeemed, purchased, advance refunded, or defeased in
accordance with paragraph (f) of Section 4 of this Act. Bonds
shall be issued for the categories and specific purposes
expressed in Section 4 of this Act.
(Source: P.A. 96-36, eff. 7-13-09; 96-1554, eff. 3-18-11.)
 
    (30 ILCS 425/4)  (from Ch. 127, par. 2804)
    Sec. 4. Purposes of Bonds. Bonds shall be issued for the
following purposes and in the approximate amounts as set forth
below:
    (a) $3,222,800,000 $3,213,000,000 for the expenses of
issuance and sale of Bonds, including bond discounts, and for
planning, engineering, acquisition, construction,
reconstruction, development, improvement and extension of the
public infrastructure in the State of Illinois, including: the
making of loans or grants to local governments for waste
disposal systems, water and sewer line extensions and water
distribution and purification facilities, rail or air or water
port improvements, gas and electric utility extensions,
publicly owned industrial and commercial sites, buildings used
for public administration purposes and other public
infrastructure capital improvements; the making of loans or
grants to units of local government for financing and
construction of wastewater facilities, including grants to
serve unincorporated areas; refinancing or retiring bonds
issued between January 1, 1987 and January 1, 1990 by home rule
municipalities, debt service on which is provided from a tax
imposed by home rule municipalities prior to January 1, 1990 on
the sale of food and drugs pursuant to Section 8-11-1 of the
Home Rule Municipal Retailers' Occupation Tax Act or Section
8-11-5 of the Home Rule Municipal Service Occupation Tax Act;
the making of deposits not to exceed $70,000,000 in the
aggregate into the Water Pollution Control Revolving Fund to
provide assistance in accordance with the provisions of Title
IV-A of the Environmental Protection Act; the planning,
engineering, acquisition, construction, reconstruction,
alteration, expansion, extension and improvement of highways,
bridges, structures separating highways and railroads, rest
areas, interchanges, access roads to and from any State or
local highway and other transportation improvement projects
which are related to economic development activities; the
making of loans or grants for planning, engineering,
rehabilitation, improvement or construction of rail and
transit facilities; the planning, engineering, acquisition,
construction, reconstruction and improvement of watershed,
drainage, flood control, recreation and related improvements
and facilities, including expenses related to land and easement
acquisition, relocation, control structures, channel work and
clearing and appurtenant work; the making of grants for
improvement and development of zoos and park district field
houses and related structures; and the making of grants for
improvement and development of Navy Pier and related
structures.
    (b) $849,000,000 $541,000,000 for fostering economic
development and increased employment and the well being of the
citizens of Illinois, including: the making of grants for
improvement and development of McCormick Place and related
structures; the planning and construction of a
microelectronics research center, including the planning,
engineering, construction, improvement, renovation and
acquisition of buildings, equipment and related utility
support systems; the making of loans to businesses and
investments in small businesses; acquiring real properties for
industrial or commercial site development; acquiring,
rehabilitating and reconveying industrial and commercial
properties for the purpose of expanding employment and
encouraging private and other public sector investment in the
economy of Illinois; the payment of expenses associated with
siting the Superconducting Super Collider Particle Accelerator
in Illinois and with its acquisition, construction,
maintenance, operation, promotion and support; the making of
loans for the planning, engineering, acquisition,
construction, improvement and conversion of facilities and
equipment which will foster the use of Illinois coal; the
payment of expenses associated with the promotion,
establishment, acquisition and operation of small business
incubator facilities and agribusiness research facilities,
including the lease, purchase, renovation, planning,
engineering, construction and maintenance of buildings,
utility support systems and equipment designated for such
purposes and the establishment and maintenance of centralized
support services within such facilities; and the making of
grants or loans to units of local government for Urban
Development Action Grant and Housing Partnership programs.
    (c) $1,944,058,100 $1,741,358,100 for the development and
improvement of educational, scientific, technical and
vocational programs and facilities and the expansion of health
and human services for all citizens of Illinois, including: the
making of construction and improvement grants and loans to
public libraries and library systems; the making of grants and
loans for planning, engineering, acquisition and construction
of a new State central library in Springfield; the planning,
engineering, acquisition and construction of an animal and
dairy sciences facility; the planning, engineering,
acquisition and construction of a campus and all related
buildings, facilities, equipment and materials for Richland
Community College; the acquisition, rehabilitation and
installation of equipment and materials for scientific and
historical surveys; the making of grants or loans for
distribution to eligible vocational education instructional
programs for the upgrading of vocational education programs,
school shops and laboratories, including the acquisition,
rehabilitation and installation of technical equipment and
materials; the making of grants or loans for distribution to
eligible local educational agencies for the upgrading of math
and science instructional programs, including the acquisition
of instructional equipment and materials; miscellaneous
capital improvements for universities and community colleges
including the planning, engineering, construction,
reconstruction, remodeling, improvement, repair and
installation of capital facilities and costs of planning,
supplies, equipment, materials, services, and all other
required expenses; the making of grants or loans for repair,
renovation and miscellaneous capital improvements for
privately operated colleges and universities and community
colleges, including the planning, engineering, acquisition,
construction, reconstruction, remodeling, improvement, repair
and installation of capital facilities and costs of planning,
supplies, equipment, materials, services, and all other
required expenses; and the making of grants or loans for
distribution to local governments for hospital and other health
care facilities including the planning, engineering,
acquisition, construction, reconstruction, remodeling,
improvement, repair and installation of capital facilities and
costs of planning, supplies, equipment, materials, services
and all other required expenses.
    (d) $230,150,900 $208,150,900 for protection,
preservation, restoration and conservation of environmental
and natural resources, including: the making of grants to soil
and water conservation districts for the planning and
implementation of conservation practices and for funding
contracts with the Soil Conservation Service for watershed
planning; the making of grants to units of local government for
the capital development and improvement of recreation areas,
including planning and engineering costs, sewer projects,
including planning and engineering costs and water projects,
including planning and engineering costs, and for the
acquisition of open space lands, including the acquisition of
easements and other property interests of less than fee simple
ownership; the acquisition and related costs and development
and management of natural heritage lands, including natural
areas and areas providing habitat for endangered species and
nongame wildlife, and buffer area lands; the acquisition and
related costs and development and management of habitat lands,
including forest, wildlife habitat and wetlands; and the
removal and disposition of hazardous substances, including the
cost of project management, equipment, laboratory analysis,
and contractual services necessary for preventative and
corrective actions related to the preservation, restoration
and conservation of the environment, including deposits not to
exceed $60,000,000 in the aggregate into the Hazardous Waste
Fund and the Brownfields Redevelopment Fund for improvements in
accordance with the provisions of Titles V and XVII of the
Environmental Protection Act.
    (e) The amount specified in paragraph (a) above shall
include an amount necessary to pay reasonable expenses of each
issuance and sale of the Bonds, as specified in the related
Bond Sale Order (hereinafter defined).
    (f) Any unexpended proceeds from any sale of Bonds which
are held in the Build Illinois Bond Fund may be used to redeem,
purchase, advance refund, or defease any Bonds outstanding.
(Source: P.A. 96-36, eff. 7-13-09; 96-503, eff. 8-14-09;
96-1000, eff. 7-2-10; 96-1554, eff. 3-18-11.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 07/17/2013