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90_HB1171enr
30 ILCS 330/2 from Ch. 127, par. 652
Amends the General Obligation Bond Act to reduce bond
authorization by $1. Effective immediately.
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1 AN ACT to amend the General Obligation Bond Act.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 1. The General Obligation Bond Act is amended by
5 changing Sections 2, 3, 4, and 6.
6 (30 ILCS 330/2) (from Ch. 127, par. 652)
7 Sec. 2. Authorization for Bonds. The State of Illinois
8 is authorized to issue, sell and provide for the retirement
9 of General Obligation Bonds of the State of Illinois in the
10 total amount of $8,972,708,392 $8,805,508,392 herein called
11 "Bonds".
12 Of the total amount of bonds authorized above, up to
13 $2,200,000,000 in aggregate original principal amount may be
14 issued and sold in accordance with the Baccalaureate Savings
15 Act in the form of General Obligation College Savings Bonds.
16 Of the total amount of bonds authorized above, up to
17 $300,000,000 in aggregate original principal amount may be
18 issued and sold in accordance with the Retirement Savings Act
19 in the form of General Obligation Retirement Savings Bonds.
20 The issuance and sale of Bonds pursuant to the General
21 Obligation Bond Act is an economical and efficient method of
22 financing the capital needs of the State. This Act will
23 permit the issuance of a multi-purpose General Obligation
24 Bond with uniform terms and features. This will not only
25 lower the cost of registration but also reduce the overall
26 cost of issuing debt by improving the marketability of
27 Illinois General Obligation Bonds.
28 Bonds shall be issued for the categories and specific
29 purposes expressed in Sections 2 through 8 and Section 16 of
30 this Act.
31 (Source: P.A. 90-1, eff. 2-20-97.)
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1 (30 ILCS 330/3) (from Ch. 127, par. 653)
2 Sec. 3. Capital Facilities. The amount of $3,587,083,392
3 $3,487,283,392 is authorized to be used for the acquisition,
4 development, construction, reconstruction, improvement,
5 financing, architectural planning and installation of capital
6 facilities within the State, consisting of buildings,
7 structures, durable equipment, land, and interests in land
8 for the following specific purposes:
9 (a) $905,272,246 for educational purposes by State
10 universities and colleges, the Illinois Community College
11 Board created by the Public Community College Act and for
12 grants to public community colleges as authorized by Sections
13 5-11 and 5-12 of the Public Community College Act;
14 (b) $931,313,368 $898,113,368 for correctional purposes
15 at State prison and correctional centers;
16 (c) $292,132,486 $284,132,486 for open spaces,
17 recreational and conservation purposes and the protection of
18 land;
19 (d) $439,165,486 $415,165,486 for child care facilities,
20 mental and public health facilities, and facilities for the
21 care of disabled veterans and their spouses;
22 (e) $792,468,641 $765,968,641 for use by the State, its
23 departments, authorities, public corporations, commissions
24 and agencies;
25 (f) $818,100 for cargo handling facilities at port
26 districts and for breakwaters, including harbor entrances, at
27 port districts in conjunction with facilities for small boats
28 and pleasure crafts;
29 (g) $137,672,796 $129,572,796 for water resource
30 management projects;
31 (h) $16,940,269 for the provision of facilities for food
32 production research and related instructional and public
33 service activities at the State universities and public
34 community colleges;
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1 (i) $34,000,000 for grants by the Secretary of State, as
2 State Librarian, for central library facilities authorized by
3 Section 8 of the Illinois Library System Act and for grants
4 by the Capital Development Board to units of local government
5 for public library facilities;
6 (j) $25,000,000 for the acquisition, development,
7 construction, reconstruction, improvement, financing,
8 architectural planning and installation of capital facilities
9 consisting of buildings, structures, durable equipment and
10 land for grants to counties, municipalities or public
11 building commissions with correctional facilities that do not
12 comply with the minimum standards of the Department of
13 Corrections under Section 3-15-2 of the Unified Code of
14 Corrections;
15 (k) $5,000,000 for grants in fiscal year 1988 by the
16 Department of Conservation for improvement or expansion of
17 aquarium facilities located on property owned by a park
18 district; and
19 (l) $7,300,000 to State agencies for grants to local
20 governments for the acquisition, financing, architectural
21 planning, development, alteration, installation, and
22 construction of capital facilities consisting of buildings,
23 structures, durable equipment, and land.
24 The amounts authorized above for capital facilities may
25 be used for the acquisition, installation, alteration,
26 construction, or reconstruction of capital facilities and for
27 the purchase of equipment for the purpose of major capital
28 improvements which will reduce energy consumption in State
29 buildings or facilities.
30 (Source: P.A. 90-1, eff. 2-20-97.)
31 (30 ILCS 330/4) (from Ch. 127, par. 654)
32 Sec. 4. Transportation. The amount of $2,436,800,000
33 $2,388,300,000 is authorized for use by the Department of
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1 Transportation for the specific purpose of promoting and
2 assuring rapid, efficient, and safe highway, air and mass
3 transportation for the inhabitants of the State by providing
4 monies, including the making of grants and loans, for the
5 acquisition, construction, reconstruction, extension and
6 improvement of the following transportation facilities and
7 equipment, and for the acquisition of real property and
8 interests in real property required or expected to be
9 required in connection therewith as follows:
10 (a) $1,411,000,000 for State highways, arterial
11 highways, freeways, roads, bridges, structures separating
12 highways and railroads and roads, and bridges on roads
13 maintained by counties, municipalities, townships or road
14 districts for the following specific purposes:
15 (1) $1,310,000,000 for use statewide,
16 (2) $3,641,000 for use outside the Chicago
17 urbanized area,
18 (3) $7,543,000 for use within the Chicago urbanized
19 area,
20 (4) $13,060,600 for use within the City of Chicago,
21 (5) $57,894,500 for use within the counties of
22 Cook, DuPage, Kane, Lake, McHenry and Will, and
23 (6) $18,860,900 for use outside the counties of
24 Cook, DuPage, Kane, Lake, McHenry and Will.
25 (b) $835,800,000 $787,300,000 for mass transit
26 facilities, as defined in Section 49.19 of the Civil
27 Administrative Code of Illinois, including rapid transit,
28 rail, bus and other equipment used in connection therewith by
29 the State or any unit of local government, special
30 transportation district, municipal corporation or other
31 corporation or public authority authorized to provide and
32 promote public transportation within the State or two or more
33 of the foregoing jointly, for the following specific
34 purposes:
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1 (1) $740,000,000 $691,500,000 statewide,
2 (2) $83,350,000 for use within the counties of
3 Cook, DuPage, Kane, Lake, McHenry and Will,
4 (3) $12,450,000 for use outside the counties of
5 Cook, DuPage, Kane, Lake, McHenry and Will.
6 (c) $190,000,000 for airport or aviation facilities and
7 any equipment used in connection therewith, including
8 engineering and land acquisition costs, by the State or any
9 unit of local government, special transportation district,
10 municipal corporation or other corporation or public
11 authority authorized to provide public transportation within
12 the State, or two or more of the foregoing acting jointly.
13 (Source: P.A. 89-235, eff. 8-4-95; 90-1, eff. 2-20-97.)
14 (30 ILCS 330/6) (from Ch. 127, par. 656)
15 Sec. 6. Anti-Pollution.
16 (a) The amount of $189,300,000 $170,400,000 is
17 authorized for allocation by the Environmental Protection
18 Agency for grants or loans to units of local government in
19 such amounts, at such times and for such purpose as the
20 Agency deems necessary or desirable for the planning,
21 financing, and construction of municipal sewage treatment
22 works and solid waste disposal facilities and for making of
23 deposits into the Water Pollution Control Revolving Fund to
24 provide assistance in accordance with the provisions of Title
25 IV-A of the Environmental Protection Act.
26 (b) The amount of $160,500,000 is authorized for
27 allocation by the Environmental Protection Agency for payment
28 of claims submitted to the State and approved for payment
29 under the Leaking Underground Storage Tank Program
30 established in Title XVI of the Environmental Protection Act.
31 (Source: P.A. 90-1, eff. 2-20-97.)