House Sponsors: SCHOENBERG-MULLIGAN-GARRETT. Short description: TOLL HWY-CONT AND ANNUAL APPR Synopsis of Bill as introduced: 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 Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status