Full Text of HB3463 95th General Assembly
HB3463eng 95TH GENERAL ASSEMBLY
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HB3463 Engrossed |
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| AN ACT concerning finance.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Build Illinois Bond Act is amended by | 5 |
| changing Section 4 as follows:
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| (30 ILCS 425/4) (from Ch. 127, par. 2804)
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| Sec. 4. Purposes of Bonds. Bonds shall be issued for the | 8 |
| following
purposes and in the approximate amounts as set forth | 9 |
| below:
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| (a) $2,417,000,000 for the expenses of issuance and
sale of | 11 |
| Bonds, including bond discounts, and for planning, | 12 |
| engineering,
acquisition, construction, reconstruction, | 13 |
| development, improvement and
extension of the public | 14 |
| infrastructure in the State of Illinois, including: the
making | 15 |
| of loans or grants to local governments for waste disposal | 16 |
| systems,
water and sewer line extensions and water distribution | 17 |
| and purification
facilities, rail or air or water port | 18 |
| improvements, gas and electric utility
extensions, publicly | 19 |
| owned industrial and commercial sites, buildings
used for | 20 |
| public administration purposes and other public infrastructure | 21 |
| capital
improvements; the making of loans or grants to units of | 22 |
| local government
for financing and construction of wastewater | 23 |
| facilities , including grants to serve unincorporated areas ; |
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HB3463 Engrossed |
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| refinancing or
retiring bonds issued between January 1, 1987 | 2 |
| and January 1,
1990 by home rule municipalities, debt service | 3 |
| on which is provided from a
tax imposed by home rule | 4 |
| municipalities prior to January 1, 1990 on the
sale of food and | 5 |
| drugs pursuant to Section 8-11-1 of the Home Rule
Municipal | 6 |
| Retailers' Occupation Tax Act or Section 8-11-5 of the Home
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| Rule Municipal Service Occupation Tax Act; the making of | 8 |
| deposits not
to exceed $70,000,000 in the aggregate into
the | 9 |
| Water Pollution Control Revolving Fund to provide assistance in
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| accordance with the provisions of Title IV-A of the | 11 |
| Environmental
Protection Act; the planning, engineering, | 12 |
| acquisition,
construction, reconstruction, alteration, | 13 |
| expansion, extension and
improvement of highways, bridges, | 14 |
| structures separating highways and
railroads, rest areas, | 15 |
| interchanges, access
roads to and from any State or local | 16 |
| highway and other transportation
improvement projects which | 17 |
| are related to
economic development activities; the making of | 18 |
| loans or grants for
planning, engineering, rehabilitation, | 19 |
| improvement or construction of rail
and transit facilities; the | 20 |
| planning, engineering, acquisition,
construction, | 21 |
| reconstruction and improvement of watershed, drainage, flood
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| control, recreation and related improvements and facilities, | 23 |
| including
expenses related to land and easement acquisition, | 24 |
| relocation, control
structures, channel work and clearing and | 25 |
| appurtenant work; the making of
grants for improvement and | 26 |
| development of zoos and park district field
houses and related |
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HB3463 Engrossed |
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| structures; and the making of grants for improvement and
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| development of Navy Pier and related structures.
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| (b) $186,000,000 for fostering economic development and
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| increased employment and the well being of the citizens of | 5 |
| Illinois, including:
the making of grants for improvement and | 6 |
| development of McCormick Place and
related structures; the
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| planning and construction of a microelectronics research | 8 |
| center, including
the planning, engineering, construction, | 9 |
| improvement, renovation and
acquisition of buildings, | 10 |
| equipment and related utility support systems;
the making of | 11 |
| loans to businesses and investments in small businesses;
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| acquiring real properties for industrial or commercial site | 13 |
| development;
acquiring, rehabilitating and reconveying | 14 |
| industrial and commercial
properties for the purpose of | 15 |
| expanding employment and encouraging private
and other public | 16 |
| sector investment in the economy of Illinois; the payment
of | 17 |
| expenses associated with siting the Superconducting Super | 18 |
| Collider Particle
Accelerator in Illinois and with its | 19 |
| acquisition, construction,
maintenance, operation, promotion | 20 |
| and support; the making of loans for the
planning, engineering, | 21 |
| acquisition, construction, improvement and
conversion of | 22 |
| facilities and equipment which will foster the use of
Illinois | 23 |
| coal; the payment of expenses associated with the
promotion, | 24 |
| establishment, acquisition and operation of small business
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| incubator facilities and agribusiness research facilities, | 26 |
| including the lease,
purchase, renovation, planning, |
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HB3463 Engrossed |
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| engineering, construction and maintenance of
buildings, | 2 |
| utility support systems and equipment designated for such
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| purposes and the establishment and maintenance of centralized | 4 |
| support
services within such facilities; and the making of | 5 |
| grants or loans to
units of local government for Urban | 6 |
| Development Action Grant and Housing
Partnership programs.
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| (c) $1,052,358,100 for the development and
improvement of | 8 |
| educational,
scientific, technical and vocational programs and | 9 |
| facilities and the
expansion of health and human services for | 10 |
| all citizens of Illinois,
including: the making of construction | 11 |
| and improvement grants and loans
to public libraries
and | 12 |
| library systems; the making of grants and loans for planning,
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| engineering, acquisition and construction
of a new State | 14 |
| central library in Springfield; the planning, engineering,
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| acquisition and construction of an animal and dairy sciences | 16 |
| facility; the
planning, engineering, acquisition and | 17 |
| construction of a campus and all
related buildings, facilities, | 18 |
| equipment and materials for Richland
Community College; the | 19 |
| acquisition, rehabilitation and installation of
equipment and | 20 |
| materials for scientific and historical surveys; the making of
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| grants or loans for distribution to eligible vocational | 22 |
| education instructional
programs for the upgrading of | 23 |
| vocational education programs, school shops
and laboratories, | 24 |
| including the acquisition, rehabilitation and
installation of | 25 |
| technical equipment and materials; the making of grants or
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| loans for distribution to eligible local educational agencies |
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HB3463 Engrossed |
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| for the
upgrading of math and science instructional programs, | 2 |
| including the
acquisition of instructional equipment and | 3 |
| materials; miscellaneous capital
improvements for universities | 4 |
| and community colleges including the
planning, engineering,
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| construction, reconstruction, remodeling, improvement, repair | 6 |
| and
installation of capital facilities and costs of planning, | 7 |
| supplies,
equipment, materials, services, and all other | 8 |
| required expenses; the
making of grants or loans for repair, | 9 |
| renovation and miscellaneous capital
improvements for | 10 |
| privately operated colleges and universities and community
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| colleges, including the planning, engineering, acquisition, | 12 |
| construction,
reconstruction, remodeling,
improvement, repair | 13 |
| and installation of capital facilities and costs of
planning, | 14 |
| supplies, equipment, materials, services, and all other | 15 |
| required
expenses; and the making of grants or loans for | 16 |
| distribution to local
governments for hospital and other health | 17 |
| care facilities including the
planning, engineering, | 18 |
| acquisition, construction, reconstruction,
remodeling, | 19 |
| improvement, repair and installation of capital facilities and
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| costs of planning, supplies, equipment, materials, services | 21 |
| and all other
required expenses.
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| (d) $150,150,900 for protection, preservation,
restoration | 23 |
| and conservation of environmental and natural resources,
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| including: the making of grants to soil and water conservation | 25 |
| districts
for the planning and implementation of conservation | 26 |
| practices and for
funding contracts with the Soil Conservation |
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HB3463 Engrossed |
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| Service for watershed
planning; the making of grants to units | 2 |
| of local government for the
capital development and improvement | 3 |
| of recreation areas, including
planning and engineering costs, | 4 |
| sewer projects, including planning and
engineering costs and | 5 |
| water projects, including planning
and engineering costs, and | 6 |
| for the acquisition of open space lands,
including the | 7 |
| acquisition of easements and other property interests of less
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| than fee simple ownership; the acquisition and related costs | 9 |
| and development
and management of natural heritage lands, | 10 |
| including natural areas and areas
providing habitat for
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| endangered species and nongame wildlife, and buffer area lands; | 12 |
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acquisition and related costs and development and | 13 |
| management of
habitat lands, including forest, wildlife | 14 |
| habitat and wetlands;
and the removal and disposition of | 15 |
| hazardous substances, including the cost of
project | 16 |
| management, equipment, laboratory analysis, and contractual | 17 |
| services
necessary for preventative and corrective actions | 18 |
| related to the preservation,
restoration and conservation of | 19 |
| the environment, including deposits not to
exceed $60,000,000 | 20 |
| in the aggregate into the Hazardous Waste Fund and the
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| Brownfields Redevelopment Fund for improvements in accordance | 22 |
| with the
provisions of Titles V and XVII of the Environmental | 23 |
| Protection Act.
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| (e) The amount specified in paragraph (a) above
shall | 25 |
| include an amount necessary to pay reasonable expenses of each
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| issuance and sale of the Bonds, as specified in the related |
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HB3463 Engrossed |
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LRB095 10078 CMK 30292 b |
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| Bond Sale Order
(hereinafter defined).
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| (f) Any unexpended proceeds from any sale of
Bonds which | 3 |
| are held in the Build Illinois Bond Fund may be used to redeem,
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| purchase, advance refund, or defease any Bonds outstanding.
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| (Source: P.A. 91-39, eff. 6-15-99; 91-53, eff. 6-30-99; 91-709, | 6 |
| eff.
5-17-00; 92-9, eff. 6-11-01; 92-598, eff. 6-28-02.)
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| Section 99. Effective date. This Act takes effect January | 8 |
| 1, 2008.
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