91st General Assembly
Summary of HB1284
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Short description: 
SPORTS FACILITIES AUTH-CHGO                                                

Synopsis of Bill as introduced:
        Amends the Illinois Sports Facilities Authority Act concerning  a      
   management agreement.  Adds a caption.                                      
        SENATE AMENDMENT NO. 2.                                                
          Deletes reference to:                                                
          70 ILCS 3205/22                                                      
          Adds reference to:                                                   
          70 ILCS 3205/1                  from Ch. 85, par. 6001               
          70 ILCS 3205/2                  from Ch. 85, par. 6002               
          70 ILCS 3205/3                  from Ch. 85, par. 6003               
          70 ILCS 3205/7.8 new                                                 
          70 ILCS 3205/8                  from Ch. 85, par. 6008               
          70 ILCS 3205/9                  from Ch. 85, par. 6009               
          70 ILCS 3205/10                 from Ch. 85, par. 6010               
          70 ILCS 3205/11                 from Ch. 85, par. 6011               
          70 ILCS 3205/13                 from Ch. 85, par. 6013               
          70 ILCS 3205/15                 from Ch. 85, par. 6015               
          70 ILCS 3205/16                 from Ch. 85, par. 6016               
          70 ILCS 3205/17                 from Ch. 85, par. 6017               
          70 ILCS 3205/19                 from Ch. 85, par. 6019               
          70 ILCS 3205/20                 from Ch. 85, par. 6020               
          30 ILCS 105/8.25-4              from Ch. 127, par. 144.25-4          
          30 ILCS 115/2                   from Ch. 85, par. 612                
          35 ILCS 145/6                   from Ch. 120, par. 481b.36           
          70 ILCS 1505/15d new                                                 
          820 ILCS 130/2                  from Ch. 48, par. 39s-2              
          5 ILCS 140/2                    from Ch. 116, par. 202               
          30 ILCS 5/3-1                   from Ch. 15, par. 303-1              
        Amends the Illinois Sports Facilities Authority  Act,  the  State      
   Finance  Act,  the  State  Revenue  Sharing  Act, the Hotel Operators'      
   Occupation Tax Act, the Chicago Park District Act, the Prevailing Wage      
   Act, the Freedom of Information Act, and the Illinois  State  Auditing      
   Act.  Provides  for  audits  of  the Authority by the Auditor General.      
   Authorizes the Illinois Sports  Facilities  Authority  to  enter  into      
   assistance agreements with governmental owners of a facility, pursuant      
   to  which  the  Authority  is to provide financial assistance to those      
   governmental owners  by  borrowing  money,  issuing  bonds  or  notes,      
   imposing  an  occupation  tax,  or  other means.   Requires a separate      
   financial reserve for each facility owned  by  the  Authority  or  for      
   which  the Authority provides financial assistance.  Provides that the      
   Authority's corporate limits are coterminous with  the  boundaries  of      
   the  City  of  Chicago,  and  provides  that facilities constructed or      
   financially assisted by the Authority must  be  located  within  those      
   limits.   Authorizes   a  limit  on  the  amount  of  the  Authority's      
   outstanding bonds and notes of $150,000,000  in  connection  with  the      
   facility  owned  by  the  Authority  and  $399,000,000  for  providing      
   financial  assistance.  Exempts  the Authority and governmental owners      
   from property taxes on a facility, and  exempts  a  facility  tenant's      
   interest  from  property  taxes.   With respect to the proceeds of the      
   occupation tax authorized to be imposed  by  the  Authority,  provides      
   that  after  that the State Treasurer deposits $5,000,000 into GRF and      
   before any deposits into the trust fund established outside the  State      
   treasury  under  the  Metropolitan  Pier and Exposition Authority Act,      
   there shall be paid to the City of Chicago amounts sufficient to fully      
   reimburse the City  of  Chicago  for  the  cumulative  amount  of  any      
   deficiencies  in  repayments  to the City of Chicago of amounts in the      
   Local Government Distributive Fund that would have been  allocated  to      
   the  City  of  Chicago  but instead were paid into GRF under the Hotel      
   Operators' Occupation Tax Act.  Subject to appropriation, provides for      
   the payment of the amount in the Illinois Sports  Facilities  Fund  to      
   the  Authority  until certain amounts have been paid. Provides for  an      
   increase in the amount of Hotel Operators' Occupation Tax receipts  to      
   be  deposited into the Illinois Sports Facilities Fund and credited to      
   the Advance Account in the Fund. Provides for the repayment  of  State      
   advances  from Local Government Distributive Fund moneys under certain      
   conditions. Grants powers to the Chicago Park District with respect to      
   assistance agreements and facilities.  Makes other changes.  Effective      
   June 1, 2001.                                                               
Last action on Bill: PUBLIC ACT.............................. 91-0935

   Last action date: 01-01-05

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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