Rep. Barbara Flynn Currie

Filed: 5/24/2010

 

 


 

 


 
09600SB3514ham014 LRB096 18423 RCE 41663 a

1
AMENDMENT TO SENATE BILL 3514

2     AMENDMENT NO. ______. Amend Senate Bill 3514, AS AMENDED,
3 by inserting Article 55 in its proper numeric sequence as
4 follows:
 
5
"ARTICLE 55.

 
6     Section 5. The General Obligation Bond Act is amended by
7 changing Sections 2, 3, 4, 6, and 7 as follows:
 
8     (30 ILCS 330/2)  (from Ch. 127, par. 652)
9     Sec. 2. Authorization for Bonds. The State of Illinois is
10 authorized to issue, sell and provide for the retirement of
11 General Obligation Bonds of the State of Illinois for the
12 categories and specific purposes expressed in Sections 2
13 through 8 of this Act, in the total amount of $40,440,777,443
14 $37,217,777,443.
15     The bonds authorized in this Section 2 and in Section 16 of

 

 

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1 this Act are herein called "Bonds".
2     Of the total amount of Bonds authorized in this Act, up to
3 $2,200,000,000 in aggregate original principal amount may be
4 issued and sold in accordance with the Baccalaureate Savings
5 Act in the form of General Obligation College Savings Bonds.
6     Of the total amount of Bonds authorized in this Act, up to
7 $300,000,000 in aggregate original principal amount may be
8 issued and sold in accordance with the Retirement Savings Act
9 in the form of General Obligation Retirement Savings Bonds.
10     Of the total amount of Bonds authorized in this Act, the
11 additional $10,000,000,000 authorized by Public Act 93-2 and
12 the $3,466,000,000 authorized by Public Act 96-43 shall be used
13 solely as provided in Section 7.2.
14     The issuance and sale of Bonds pursuant to the General
15 Obligation Bond Act is an economical and efficient method of
16 financing the long-term capital needs of the State. This Act
17 will permit the issuance of a multi-purpose General Obligation
18 Bond with uniform terms and features. This will not only lower
19 the cost of registration but also reduce the overall cost of
20 issuing debt by improving the marketability of Illinois General
21 Obligation Bonds.
22 (Source: P.A. 95-1026, eff. 1-12-09; 96-5, eff. 4-3-09; 96-36,
23 eff. 7-13-09; 96-43, eff. 7-15-09; 96-885, eff. 3-11-10.)
 
24     (30 ILCS 330/3)  (from Ch. 127, par. 653)
25     Sec. 3. Capital Facilities. The amount of $8,902,463,443

 

 

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1 $7,968,463,443 is authorized to be used for the acquisition,
2 development, construction, reconstruction, improvement,
3 financing, architectural planning and installation of capital
4 facilities within the State, consisting of buildings,
5 structures, durable equipment, land, interests in land, and the
6 costs associated with the purchase and implementation of
7 information technology, including but not limited to the
8 purchase of hardware and software, for the following specific
9 purposes:
10         (a) $3,007,228,000 $2,511,228,000 for educational
11     purposes by State universities and colleges, the Illinois
12     Community College Board created by the Public Community
13     College Act and for grants to public community colleges as
14     authorized by Sections 5-11 and 5-12 of the Public
15     Community College Act;
16         (b) $1,648,420,000 $1,617,420,000 for correctional
17     purposes at State prison and correctional centers;
18         (c) $599,183,000 $575,183,000 for open spaces,
19     recreational and conservation purposes and the protection
20     of land;
21         (d) $691,917,000 $664,917,000 for child care
22     facilities, mental and public health facilities, and
23     facilities for the care of disabled veterans and their
24     spouses;
25         (e) $1,777,990,000 $1,630,990,000 for use by the
26     State, its departments, authorities, public corporations,

 

 

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1     commissions and agencies;
2         (f) $818,100 for cargo handling facilities at port
3     districts and for breakwaters, including harbor entrances,
4     at port districts in conjunction with facilities for small
5     boats and pleasure crafts;
6         (g) $274,877,074 $248,877,074 for water resource
7     management projects;
8         (h) $16,940,269 for the provision of facilities for
9     food production research and related instructional and
10     public service activities at the State universities and
11     public community colleges;
12         (i) $36,000,000 for grants by the Secretary of State,
13     as State Librarian, for central library facilities
14     authorized by Section 8 of the Illinois Library System Act
15     and for grants by the Capital Development Board to units of
16     local government for public library facilities;
17         (j) $25,000,000 for the acquisition, development,
18     construction, reconstruction, improvement, financing,
19     architectural planning and installation of capital
20     facilities consisting of buildings, structures, durable
21     equipment and land for grants to counties, municipalities
22     or public building commissions with correctional
23     facilities that do not comply with the minimum standards of
24     the Department of Corrections under Section 3-15-2 of the
25     Unified Code of Corrections;
26         (k) $5,000,000 for grants in fiscal year 1988 by the

 

 

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1     Department of Conservation for improvement or expansion of
2     aquarium facilities located on property owned by a park
3     district;
4         (l) $588,590,000 $432,590,000 to State agencies for
5     grants to local governments for the acquisition,
6     financing, architectural planning, development,
7     alteration, installation, and construction of capital
8     facilities consisting of buildings, structures, durable
9     equipment, and land; and
10         (m) $230,500,000 $203,500,000 for the Illinois Open
11     Land Trust Program as defined by the Illinois Open Land
12     Trust Act.
13     The amounts authorized above for capital facilities may be
14 used for the acquisition, installation, alteration,
15 construction, or reconstruction of capital facilities and for
16 the purchase of equipment for the purpose of major capital
17 improvements which will reduce energy consumption in State
18 buildings or facilities.
19 (Source: P.A. 96-36, eff. 7-13-09; 96-37, eff. 7-13-09; revised
20 8-20-09.)
 
21     (30 ILCS 330/4)  (from Ch. 127, par. 654)
22     Sec. 4. Transportation. The amount of $12,148,799,000
23 $9,948,799,000 is authorized for use by the Department of
24 Transportation for the specific purpose of promoting and
25 assuring rapid, efficient, and safe highway, air and mass

 

 

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1 transportation for the inhabitants of the State by providing
2 monies, including the making of grants and loans, for the
3 acquisition, construction, reconstruction, extension and
4 improvement of the following transportation facilities and
5 equipment, and for the acquisition of real property and
6 interests in real property required or expected to be required
7 in connection therewith as follows:
8     (a) $5,432,129,000 for State highways, arterial highways,
9 freeways, roads, bridges, structures separating highways and
10 railroads and roads, and bridges on roads maintained by
11 counties, municipalities, townships or road districts for the
12 following specific purposes:
13         (1) $3,330,000,000 for use statewide,
14         (2) $3,677,000 for use outside the Chicago urbanized
15     area,
16         (3) $7,543,000 for use within the Chicago urbanized
17     area,
18         (4) $13,060,600 for use within the City of Chicago,
19         (5) $58,987,500 for use within the counties of Cook,
20     DuPage, Kane, Lake, McHenry and Will,
21         (6) $18,860,900 for use outside the counties of Cook,
22     DuPage, Kane, Lake, McHenry and Will, and
23         (7) $2,000,000,000 for use on projects included in
24     either (i) the FY09-14 Proposed Highway Improvement
25     Program as published by the Illinois Department of
26     Transportation in May 2008 or (ii) the FY10-15 Proposed

 

 

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1     Highway Improvement Program to be published by the Illinois
2     Department of Transportation in the spring of 2009; except
3     that all projects must be maintenance projects for the
4     existing State system with the goal of reaching 90%
5     acceptable condition in the system statewide and further
6     except that all projects must reflect the generally
7     accepted historical distribution of projects throughout
8     the State.
9     (b) $4,230,070,000 $3,130,070,000 for rail facilities and
10 for mass transit facilities, as defined in Section 2705-305 of
11 the Department of Transportation Law (20 ILCS 2705/2705-305),
12 including rapid transit, rail, bus and other equipment used in
13 connection therewith by the State or any unit of local
14 government, special transportation district, municipal
15 corporation or other corporation or public authority
16 authorized to provide and promote public transportation within
17 the State or two or more of the foregoing jointly, for the
18 following specific purposes:
19         (1) $3,134,270,000 $2,034,270,000 statewide,
20         (2) $83,350,000 for use within the counties of Cook,
21     DuPage, Kane, Lake, McHenry and Will,
22         (3) $12,450,000 for use outside the counties of Cook,
23     DuPage, Kane, Lake, McHenry and Will, and
24         (4) $1,000,000,000 for use on projects that shall
25     reflect the generally accepted historical distribution of
26     projects throughout the State.

 

 

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1     (c) $471,600,000 $371,600,000 for airport or aviation
2 facilities and any equipment used in connection therewith,
3 including engineering and land acquisition costs, by the State
4 or any unit of local government, special transportation
5 district, municipal corporation or other corporation or public
6 authority authorized to provide public transportation within
7 the State, or two or more of the foregoing acting jointly, and
8 for the making of deposits into the Airport Land Loan Revolving
9 Fund for loans to public airport owners pursuant to the
10 Illinois Aeronautics Act.
11     (d) $2,015,000,000 $1,015,000,000 for use statewide for
12 State or local highways, arterial highways, freeways, roads,
13 bridges, and structures separating highways and railroads and
14 roads, and for grants to counties, municipalities, townships,
15 or road districts for planning, engineering, acquisition,
16 construction, reconstruction, development, improvement,
17 extension, and all construction-related expenses of the public
18 infrastructure and other transportation improvement projects
19 which are related to economic development in the State of
20 Illinois.
21 (Source: P.A. 96-5, eff. 4-3-09; 96-36, eff. 7-13-09; 96-37,
22 eff. 7-13-09.)
 
23     (30 ILCS 330/6)  (from Ch. 127, par. 656)
24     Sec. 6. Anti-Pollution.
25     (a) The amount of $422,815,000 $369,815,000 is authorized

 

 

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1 for allocation by the Environmental Protection Agency for
2 grants or loans to units of local government in such amounts,
3 at such times and for such purpose as the Agency deems
4 necessary or desirable for the planning, financing, and
5 construction of municipal sewage treatment works and solid
6 waste disposal facilities and for making of deposits into the
7 Water Revolving Fund and the U.S. Environmental Protection Fund
8 to provide assistance in accordance with the provisions of
9 Title IV-A of the Environmental Protection Act.
10     (b) The amount of $236,500,000 $215,500,000 is authorized
11 for allocation by the Environmental Protection Agency for
12 payment of claims submitted to the State and approved for
13 payment under the Leaking Underground Storage Tank Program
14 established in Title XVI of the Environmental Protection Act.
15 (Source: P.A. 96-36, eff. 7-13-09.)
 
16     (30 ILCS 330/7)  (from Ch. 127, par. 657)
17     Sec. 7. Coal and Energy Development. The amount of
18 $698,200,000 is authorized to be used by the Department of
19 Commerce and Economic Opportunity (formerly Department of
20 Commerce and Community Affairs) for coal and energy development
21 purposes, pursuant to Sections 2, 3 and 3.1 of the Illinois
22 Coal and Energy Development Bond Act, for the purposes
23 specified in Section 8.1 of the Energy Conservation and Coal
24 Development Act, for the purposes specified in Section 605-332
25 of the Department of Commerce and Economic Opportunity Law of

 

 

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1 the Civil Administrative Code of Illinois, and for the purpose
2 of facility cost reports prepared pursuant to Sections 1-58
3 1-56 or 1-75(d)(4) of the Illinois Power Agency Act and for the
4 purpose of development costs pursuant to Section 8.1 of the
5 Energy Conservation and Coal Development Act. Of this amount:
6     (a) $115,000,000 is for the specific purposes of
7 acquisition, development, construction, reconstruction,
8 improvement, financing, architectural and technical planning
9 and installation of capital facilities consisting of
10 buildings, structures, durable equipment, and land for the
11 purpose of capital development of coal resources within the
12 State and for the purposes specified in Section 8.1 of the
13 Energy Conservation and Coal Development Act;
14     (b) $35,000,000 is for the purposes specified in Section
15 8.1 of the Energy Conservation and Coal Development Act and
16 making a grant to the owner of a generating station located in
17 Illinois and having at least three coal-fired generating units
18 with accredited summer capability greater than 500 megawatts
19 each at such generating station as provided in Section 6 of
20 that Bond Act;
21     (c) $13,200,000 is for research, development and
22 demonstration of forms of energy other than that derived from
23 coal, either on or off State property;
24     (d) $500,000,000 is for the purpose of providing financial
25 assistance to new electric generating facilities as provided in
26 Section 605-332 of the Department of Commerce and Economic

 

 

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1 Opportunity Law of the Civil Administrative Code of Illinois;
2 and
3     (e) $50,000,000 $35,000,000 is for the purpose of facility
4 cost reports prepared for not more than one facility pursuant
5 to Section 1-75(d)(4) of the Illinois Power Agency Act and not
6 more than one facility pursuant to Section 1-58 1-56 of the
7 Illinois Power Agency Act and for the purpose of up to
8 $6,000,000 of development costs pursuant to Section 8.1 of the
9 Energy Conservation and Coal Development Act.
10 (Source: P.A. 95-1026, eff. 1-12-09; 96-781, eff. 8-28-09;
11 revised 10-13-09.)
 
12     Section 10. The Build Illinois Bond Act is amended by
13 changing Sections 2 and 4 as follows:
 
14     (30 ILCS 425/2)  (from Ch. 127, par. 2802)
15     Sec. 2. Authorization for Bonds. The State of Illinois is
16 authorized to issue, sell and provide for the retirement of
17 limited obligation bonds, notes and other evidences of
18 indebtedness of the State of Illinois in the total principal
19 amount of $5,703,509,000 $4,615,509,000 herein called "Bonds".
20 Such authorized amount of Bonds shall be reduced from time to
21 time by amounts, if any, which are equal to the moneys received
22 by the Department of Revenue in any fiscal year pursuant to
23 Section 3-1001 of the "Illinois Vehicle Code", as amended, in
24 excess of the Annual Specified Amount (as defined in Section 3

 

 

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1 of the "Retailers' Occupation Tax Act", as amended) and
2 transferred at the end of such fiscal year from the General
3 Revenue Fund to the Build Illinois Purposes Fund (now
4 abolished) as provided in Section 3-1001 of said Code;
5 provided, however, that no such reduction shall affect the
6 validity or enforceability of any Bonds issued prior to such
7 reduction. Such amount of authorized Bonds shall be exclusive
8 of any refunding Bonds issued pursuant to Section 15 of this
9 Act and exclusive of any Bonds issued pursuant to this Section
10 which are redeemed, purchased, advance refunded, or defeased in
11 accordance with paragraph (f) of Section 4 of this Act. Bonds
12 shall be issued for the categories and specific purposes
13 expressed in Section 4 of this Act.
14 (Source: P.A. 96-36, eff. 7-13-09.)
 
15     (30 ILCS 425/4)  (from Ch. 127, par. 2804)
16     Sec. 4. Purposes of Bonds. Bonds shall be issued for the
17 following purposes and in the approximate amounts as set forth
18 below:
19     (a) $3,213,000,000 $2,917,000,000 for the expenses of
20 issuance and sale of Bonds, including bond discounts, and for
21 planning, engineering, acquisition, construction,
22 reconstruction, development, improvement and extension of the
23 public infrastructure in the State of Illinois, including: the
24 making of loans or grants to local governments for waste
25 disposal systems, water and sewer line extensions and water

 

 

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1 distribution and purification facilities, rail or air or water
2 port improvements, gas and electric utility extensions,
3 publicly owned industrial and commercial sites, buildings used
4 for public administration purposes and other public
5 infrastructure capital improvements; the making of loans or
6 grants to units of local government for financing and
7 construction of wastewater facilities, including grants to
8 serve unincorporated areas; refinancing or retiring bonds
9 issued between January 1, 1987 and January 1, 1990 by home rule
10 municipalities, debt service on which is provided from a tax
11 imposed by home rule municipalities prior to January 1, 1990 on
12 the sale of food and drugs pursuant to Section 8-11-1 of the
13 Home Rule Municipal Retailers' Occupation Tax Act or Section
14 8-11-5 of the Home Rule Municipal Service Occupation Tax Act;
15 the making of deposits not to exceed $70,000,000 in the
16 aggregate into the Water Pollution Control Revolving Fund to
17 provide assistance in accordance with the provisions of Title
18 IV-A of the Environmental Protection Act; the planning,
19 engineering, acquisition, construction, reconstruction,
20 alteration, expansion, extension and improvement of highways,
21 bridges, structures separating highways and railroads, rest
22 areas, interchanges, access roads to and from any State or
23 local highway and other transportation improvement projects
24 which are related to economic development activities; the
25 making of loans or grants for planning, engineering,
26 rehabilitation, improvement or construction of rail and

 

 

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1 transit facilities; the planning, engineering, acquisition,
2 construction, reconstruction and improvement of watershed,
3 drainage, flood control, recreation and related improvements
4 and facilities, including expenses related to land and easement
5 acquisition, relocation, control structures, channel work and
6 clearing and appurtenant work; the making of grants for
7 improvement and development of zoos and park district field
8 houses and related structures; and the making of grants for
9 improvement and development of Navy Pier and related
10 structures.
11     (b) $541,000,000 $196,000,000 for fostering economic
12 development and increased employment and the well being of the
13 citizens of Illinois, including: the making of grants for
14 improvement and development of McCormick Place and related
15 structures; the planning and construction of a
16 microelectronics research center, including the planning,
17 engineering, construction, improvement, renovation and
18 acquisition of buildings, equipment and related utility
19 support systems; the making of loans to businesses and
20 investments in small businesses; acquiring real properties for
21 industrial or commercial site development; acquiring,
22 rehabilitating and reconveying industrial and commercial
23 properties for the purpose of expanding employment and
24 encouraging private and other public sector investment in the
25 economy of Illinois; the payment of expenses associated with
26 siting the Superconducting Super Collider Particle Accelerator

 

 

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1 in Illinois and with its acquisition, construction,
2 maintenance, operation, promotion and support; the making of
3 loans for the planning, engineering, acquisition,
4 construction, improvement and conversion of facilities and
5 equipment which will foster the use of Illinois coal; the
6 payment of expenses associated with the promotion,
7 establishment, acquisition and operation of small business
8 incubator facilities and agribusiness research facilities,
9 including the lease, purchase, renovation, planning,
10 engineering, construction and maintenance of buildings,
11 utility support systems and equipment designated for such
12 purposes and the establishment and maintenance of centralized
13 support services within such facilities; and the making of
14 grants or loans to units of local government for Urban
15 Development Action Grant and Housing Partnership programs.
16     (c) $1,741,358,100 $1,352,358,100 for the development and
17 improvement of educational, scientific, technical and
18 vocational programs and facilities and the expansion of health
19 and human services for all citizens of Illinois, including: the
20 making of construction and improvement grants and loans to
21 public libraries and library systems; the making of grants and
22 loans for planning, engineering, acquisition and construction
23 of a new State central library in Springfield; the planning,
24 engineering, acquisition and construction of an animal and
25 dairy sciences facility; the planning, engineering,
26 acquisition and construction of a campus and all related

 

 

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1 buildings, facilities, equipment and materials for Richland
2 Community College; the acquisition, rehabilitation and
3 installation of equipment and materials for scientific and
4 historical surveys; the making of grants or loans for
5 distribution to eligible vocational education instructional
6 programs for the upgrading of vocational education programs,
7 school shops and laboratories, including the acquisition,
8 rehabilitation and installation of technical equipment and
9 materials; the making of grants or loans for distribution to
10 eligible local educational agencies for the upgrading of math
11 and science instructional programs, including the acquisition
12 of instructional equipment and materials; miscellaneous
13 capital improvements for universities and community colleges
14 including the planning, engineering, construction,
15 reconstruction, remodeling, improvement, repair and
16 installation of capital facilities and costs of planning,
17 supplies, equipment, materials, services, and all other
18 required expenses; the making of grants or loans for repair,
19 renovation and miscellaneous capital improvements for
20 privately operated colleges and universities and community
21 colleges, including the planning, engineering, acquisition,
22 construction, reconstruction, remodeling, improvement, repair
23 and installation of capital facilities and costs of planning,
24 supplies, equipment, materials, services, and all other
25 required expenses; and the making of grants or loans for
26 distribution to local governments for hospital and other health

 

 

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1 care facilities including the planning, engineering,
2 acquisition, construction, reconstruction, remodeling,
3 improvement, repair and installation of capital facilities and
4 costs of planning, supplies, equipment, materials, services
5 and all other required expenses.
6     (d) $208,150,900 $150,150,900 for protection,
7 preservation, restoration and conservation of environmental
8 and natural resources, including: the making of grants to soil
9 and water conservation districts for the planning and
10 implementation of conservation practices and for funding
11 contracts with the Soil Conservation Service for watershed
12 planning; the making of grants to units of local government for
13 the capital development and improvement of recreation areas,
14 including planning and engineering costs, sewer projects,
15 including planning and engineering costs and water projects,
16 including planning and engineering costs, and for the
17 acquisition of open space lands, including the acquisition of
18 easements and other property interests of less than fee simple
19 ownership; the acquisition and related costs and development
20 and management of natural heritage lands, including natural
21 areas and areas providing habitat for endangered species and
22 nongame wildlife, and buffer area lands; the acquisition and
23 related costs and development and management of habitat lands,
24 including forest, wildlife habitat and wetlands; and the
25 removal and disposition of hazardous substances, including the
26 cost of project management, equipment, laboratory analysis,

 

 

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1 and contractual services necessary for preventative and
2 corrective actions related to the preservation, restoration
3 and conservation of the environment, including deposits not to
4 exceed $60,000,000 in the aggregate into the Hazardous Waste
5 Fund and the Brownfields Redevelopment Fund for improvements in
6 accordance with the provisions of Titles V and XVII of the
7 Environmental Protection Act.
8     (e) The amount specified in paragraph (a) above shall
9 include an amount necessary to pay reasonable expenses of each
10 issuance and sale of the Bonds, as specified in the related
11 Bond Sale Order (hereinafter defined).
12     (f) Any unexpended proceeds from any sale of Bonds which
13 are held in the Build Illinois Bond Fund may be used to redeem,
14 purchase, advance refund, or defease any Bonds outstanding.
15 (Source: P.A. 96-36, eff. 7-13-09; 96-503, eff. 8-14-09;
16 revised 10-6-09.)".