Full Text of SB3342 96th General Assembly
SB3342enr 96TH GENERAL ASSEMBLY |
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| 1 | | AN ACT concerning State government.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Bi-State Development Powers Act is amended | 5 | | by changing Section 1 as follows:
| 6 | | (45 ILCS 110/1) (from Ch. 127, par. 63s-9)
| 7 | | Sec. 1.
In further effectuation of that certain compact | 8 | | between the
States of Missouri and Illinois heretofore made and | 9 | | entered into on
September 20, 1949, the Bi-State Development | 10 | | Agency, created by and
under the aforesaid compact, is | 11 | | authorized to exercise the following
powers in addition to | 12 | | those heretofore expressly authorized by the
aforesaid | 13 | | compact:
| 14 | | (1) To acquire by gift, purchase or lease, sell or | 15 | | otherwise dispose of,
and to plan, construct,
operate and | 16 | | maintain, or lease to others for operation and maintenance,
| 17 | | airports, wharves, docks, harbors, and industrial
parks | 18 | | adjacent to and necessary and convenient thereto, bridges, | 19 | | tunnels,
warehouses, grain
elevators, commodity and other | 20 | | storage facilities, sewage disposal
plants, passenger | 21 | | transportation facilities, and air, water, rail, motor
vehicle | 22 | | and other terminal or parking facilities;
| 23 | | (2) To acquire by gift, purchase or lease; to plan, |
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| 1 | | construct,
operate, maintain, or lease to or contract with | 2 | | others for operation and
maintenance; or lease, sell or | 3 | | otherwise dispose of to any person, firm
or corporation, | 4 | | subject to such mortgage, pledge or other security
arrangement | 5 | | that the Bi-State Development Agency may require, facilities
| 6 | | for the receiving, transferring, sorting, processing, | 7 | | treatment,
storage, recovery and disposal of refuse or waste, | 8 | | and facilities for
the production, conversion, recovery, | 9 | | storage, use, or use and
sale of refuse
or waste derived | 10 | | resources, fuel or energy and industrial parks adjacent
to and | 11 | | necessary and convenient thereto;
| 12 | | (3) To acquire by gift, purchase or lease, to plan, | 13 | | construct,
operate, maintain, or lease to or contract with | 14 | | others for operation and
maintenance; or lease, sell or | 15 | | otherwise dispose of to any person, firm or
corporation, | 16 | | subject to such mortgage, pledge, or other security
| 17 | | arrangements that the Bi-State Development Agency may require, | 18 | | a
development project described as a world trade center | 19 | | consisting of one or
more buildings, structures, improvements | 20 | | and areas necessary, convenient, or
desirable for the | 21 | | centralized accommodation of functions, activities and
| 22 | | services for or incidental to the transportation of persons, | 23 | | and the
exchange, buying, selling and transporting of | 24 | | commodities and other
property in world trade and commerce, the | 25 | | promotion and protection of such
trade and commerce, government | 26 | | services, including but not limited to
customs houses, customs |
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| 1 | | stores, inspection and appraisal facilities, foreign
trade | 2 | | zone, terminal and transportation facilities, parking areas, | 3 | | offices,
storage, warehouse, marketing and exhibition | 4 | | facilities and other
facilities, and accommodations for | 5 | | persons and property;
| 6 | | (4) To contract with municipalities or other political | 7 | | subdivisions
for the services or use of any facility owned or | 8 | | operated by the
Bi-State Agency, or owned or operated by any | 9 | | such municipality or other
political subdivision. The Agency is | 10 | | authorized and empowered to
cooperate with the States of | 11 | | Illinois and Missouri, with any municipality,
with the Federal | 12 | | government and with any agency or commission of any one or
more | 13 | | of the foregoing, or with any one or more of them, for and in
| 14 | | connection with the acquisition, clearance, replanning, | 15 | | rehabilitation,
reconstruction or redevelopment of a world | 16 | | trade center area or of any
other area forming part of a | 17 | | development project for the purpose of renewal
and improvement | 18 | | of said area and for any of the purposes of this Act, and
to | 19 | | enter into an agreement or agreements (and from time to time to | 20 | | enter
into agreements amending or supplementing the same) with | 21 | | any such
municipality, commission or agency and with the States | 22 | | of Illinois and
Missouri and with the Federal government, or | 23 | | with any one or more of them,
for or relating to such purposes;
| 24 | | (5) To borrow money for any of the authorized purposes of | 25 | | the
Bi-State Development Agency, and to issue the negotiable | 26 | | notes, bonds or
other instruments in writing of the Bi-State |
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| 1 | | Development Agency in
evidence of the sum or sums so to be | 2 | | borrowed;
| 3 | | (6) To issue negotiable refunding notes, bonds or other | 4 | | instruments
in writing for the purpose of refunding, extending | 5 | | or unifying the whole
or any part of its valid indebtedness | 6 | | from time to time outstanding,
whether evidenced by notes, | 7 | | bonds or other instruments in writing;
| 8 | | (7) To provide that all negotiable notes, bonds or other | 9 | | instruments
in writing issued either pursuant to subparagraph | 10 | | (4) or pursuant to
subparagraph (5) hereof shall be payable, | 11 | | both as to principal and
interest, out of the revenues | 12 | | collected for the use of any facility or
combination of | 13 | | facilities owned or operated or owned and operated by the
| 14 | | Bi-State Development Agency, or out of any other resources of | 15 | | the
Bi-State Development Agency, and may be further secured by | 16 | | a mortgage or
deed of trust upon any property owned by the | 17 | | Bi-State Development
Agency. All notes, bonds or other | 18 | | instruments in writing issued by the
Bi-State Development | 19 | | Agency as herein provided shall mature in not to
exceed 40 30 | 20 | | years from the date thereof, shall bear interest at a rate not
| 21 | | exceeding 14% per annum, and shall be sold for not less than
| 22 | | 95% of the par value thereof. The Bi-State
Development Agency | 23 | | shall have the power
to prescribe the details of such notes, | 24 | | bonds or other instruments in
writing, and of the issuance and | 25 | | sale thereof, and shall have power to
enter into covenants with | 26 | | the holders of such notes, bonds or other
instruments in |
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| 1 | | writing, not inconsistent with the powers herein granted
to the | 2 | | Bi-State Development Agency, without further legislative
| 3 | | authority;
| 4 | | (8) To condemn any and all rights or property, of any kind | 5 | | or
character, necessary for the purposes of the Bi-State | 6 | | Development
Agency, subject, however, to the provisions of the | 7 | | aforesaid compact;
provided, however, that no rights or | 8 | | property of any kind or character,
now or hereafter owned, | 9 | | leased, controlled, operated or used, in whole
or in part, by | 10 | | any common carrier engaged in interstate commerce, or by
any | 11 | | grain elevator, shall be taken or appropriated by the Bi-State
| 12 | | Development Agency without first obtaining the written consent | 13 | | and
approval of such common carrier or of the owner or operator | 14 | | of such
grain elevator. If the property to be condemned be | 15 | | situated in the State
of Illinois, the said Agency shall follow | 16 | | the procedure of the Act of
the State of Illinois providing for | 17 | | the exercise of the right of eminent
domain, and if the | 18 | | property to be condemned be situated in the State of
Missouri, | 19 | | the said Agency shall follow the procedure provided by the
Laws | 20 | | of the State of Missouri for the appropriation of land or other
| 21 | | property taken for telegraph, telephone or railroad | 22 | | rights-of-way;
| 23 | | (9) To contract and to be contracted with, to enter into | 24 | | limited
partnerships and joint ventures for any purpose | 25 | | authorized by this
compact, and to sue and to be sued
in | 26 | | contract;
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| 1 | | (10) To issue bonds for industrial, manufacturing or | 2 | | commercial facilities
located within the Bi-State Metropolitan | 3 | | District upon the security of the
revenue to be derived from | 4 | | such facilities; and, or upon any property held
or to be held | 5 | | by it.
| 6 | | The State of Illinois may not expend any funds for any | 7 | | purpose
connected with the projects authorized pursuant to this | 8 | | amendatory Act of 1985.
| 9 | | (Source: P.A. 84-247.)
| 10 | | Section 99. Effective date. This Act takes effect upon | 11 | | becoming law.
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