State of Illinois
90th General Assembly
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[ Introduced ][ Enrolled ][ Senate Amendment 001 ]

90_HB2091eng

      30 ILCS 330/5             from Ch. 127, par. 655
          Amends the General Obligation Bond Act.  Makes changes of
      style and punctuation in the provisions of the  Act  relating
      to school construction.
                                                     LRB9005381THcw
HB2091 Engrossed                               LRB9005381THcw
 1        AN  ACT  to  amend  the  General  Obligation  Bond Act by
 2    changing Section 5.
 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:
 5        Section 5.  The General Obligation Bond Act is amended by
 6    changing Section 5 as follows:
 7        (30 ILCS 330/5) (from Ch. 127, par. 655)
 8        Sec.   5.    School   Construction.  (a)  The  amount  of
 9    $58,450,000 is authorized to  make  grants  to  local  school
10    districts  for  the  acquisition,  development, construction,
11    reconstruction,   rehabilitation,   improvement,   financing,
12    architectural   planning   and   installation   of    capital
13    facilities,  including  but not limited to those required for
14    special education building projects provided for  in  Article
15    14  of  The School Code, consisting of buildings, structures,
16    and  durable  equipment,  and   for   the   acquisition   and
17    improvement  of  real property and interests in real property
18    required,  or  expected  to  be   required,   in   connection
19    therewith.
20        (b)  $22,550,000,  or  as  so  much  thereof  as  may  be
21    necessary,  for  grants to school districts for the making of
22    principal and interest payments,  required  to  be  made,  on
23    bonds  issued by those such school districts after January 1,
24    1969,  pursuant  to  any  indenture,  ordinance,  resolution,
25    agreement or contract to provide funds for  the  acquisition,
26    development,  construction,  reconstruction,  rehabilitation,
27    improvement,   architectural  planning  and  installation  of
28    capital  facilities  consisting  of  buildings,   structures,
29    durable  equipment  and  land for educational purposes or for
30    lease payments required to be made by a school  district  for
31    principal  and  interest payments on bonds issued by a Public
HB2091 Engrossed            -2-                LRB9005381THcw
 1    Building Commission after January 1, 1969.
 2        (c)  $10,000,000 for grants to school districts  for  the
 3    acquisition,   development,   construction,   reconstruction,
 4    rehabilitation,   improvement,   architectural  planning  and
 5    installation of capital facilities  consisting  of  buildings
 6    structures,  durable equipment and land for special education
 7    building projects.
 8        (d)  $9,000,000 for grants to school  districts  for  the
 9    reconstruction,  rehabilitation,  improvement,  financing and
10    architectural  planning  of  capital  facilities,   including
11    construction  at  another  location  to  replace such capital
12    facilities, consisting of those public school  buildings  and
13    temporary  school facilities which, prior to January 1, 1984,
14    were condemned by the regional superintendent  under  Section
15    3-14.22  of  The  School Code or by any State official having
16    jurisdiction over building safety.
17    (Source: P.A. 84-1227.)

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