OSFA-REV BONDS-GRANTS Senate SponsorsSen. Don Harmon 1/13/2009SenateSession Sine Die New Act525 ILCS 30/7.07 new525 ILCS 35/3from Ch. 85, par. 2103525 ILCS 35/8 new525 ILCS 35/9.1 new525 ILCS 35/11from Ch. 85, par. 2111525 ILCS 35/13from Ch. 85, par. 2113525 ILCS 35/14from Ch. 85, par. 2114525 ILCS 35/15 new525 ILCS 35/15.5 newCreates the Open Space Financing Act. Authorizes the Department of Natural Resources to issue revenue bonds secured by real estate transfer tax receipts collected and deposited into the Open Space Bond Repayment Fund and the Natural Areas Bond Repayment Fund. Sets forth procedures for issuing the bonds and distributing the bond proceeds. Amends the Illinois Natural Areas Preservation Act. Provides that the Department of Natural Resources shall determine the manner and extent to which property under consideration for acquisition would assist in storm water management, water supply and quality assurance, or other infrastructure needs, but this determination shall not prevent the Department from acquiring property. Amends the Open Space Lands Acquisition and Development Act. Provides that grants for green infrastructure projects made before December 31, 2009 to units of local government may be conditioned upon the State providing no more than 60% of project costs and the unit of local government providing at least 40%. Sets forth additional requirements for grants for green infrastructure projects. Provides that, in considering applications for certain grants, the Department shall give scoring points to the applicants that demonstrate the greatest potential for improving water supply and quality or for reducing the capital, operating, or maintenance costs of meeting water-related infrastructure requirements. Creates the Open Space Bond Repayment Fund and the Natural Areas Bond Repayment Fund. Makes other changes. Effective immediately. 2/9/2007SenateFiled with Secretary by Sen. Don Harmon 2/9/2007SenateFirst Reading 2/9/2007SenateReferred to Rules 2/21/2007SenateAssigned to Environment and Energy 3/1/2007SenateDo Pass Environment and Energy; 012-000-000 3/1/2007SenatePlaced on Calendar Order of 2nd Reading March 2, 2007 3/2/2007SenateSecond Reading 3/2/2007SenatePlaced on Calendar Order of 3rd Reading March 6, 2007 3/30/2007SenateRule 2-10 Third Reading Deadline Established As May 31, 2007 5/31/2007SenateRule 2-10 Third Reading Deadline Established As December 31, 2007 12/3/2007SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 5/31/2008SenateRule 2-10 Third Reading Deadline Established As January 13, 2009 1/13/2009SenateSession Sine Die