SCHOENBERG-MULLIGAN-GARRETT. 605 ILCS 10/18 from Ch. 121, par. 100-18 605 ILCS 10/24 from Ch. 121, par. 100-24 downgrade. Amends the Toll Highway Act. Provides that the Toll Highway Act shall constitute an irrevocable and continuing appropriation from the Illinois State Toll Highway Authority Fund for amounts to pay principal, interest, and other bond expenses and obligations (instead of the Fund being considered always appropriated for the purposes of repayment of debt service and other bond obligations). Provides that all other expenses, including ordinary and contingent expenses, are subject to annual appropriation by the General Assembly from the Fund (or from other funds as provided under a Section of the Act concerning repayment of State funds) for each fiscal year. Provides that only those amounts appropriated to the Authority other than from the Fund shall be repaid. STATE DEBT NOTE (Economic and Fiscal Commission) HB66 would not affect the bonding authorization of the Toll Highway Authority and has no direct impact on the level of State indebtedness. FISCAL NOTE (State Toll Highway Authority) There would be approximately $100 million in increased debt payments on the current outstanding bond debt of approximately $900 million; this $900 million would become a contingent liability and subject the credit rating to a possible further 98-12-17 H PREFILED WITH CLERK 99-01-14 H FIRST READING 99-01-14 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-01-27 H ASSIGNED TO COMMITTEE APP-GEN SERVS 99-02-05 H STATE DEBT IMPACT NOTE FILED 99-02-05 H COMMITTEE APP-GEN SERVS 99-02-11 H ADDED AS A JOINT SPONSOR MULLIGAN 99-02-11 H ADDED AS A JOINT SPONSOR GARRETT 99-02-17 H FISCAL NOTE FILED 99-02-17 H COMMITTEE APP-GEN SERVS 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary