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92_HB2125sam002
SRA92HB2125MJlbam02
1 AMENDMENT TO HOUSE BILL 2125
2 AMENDMENT NO. . Amend House Bill 2125, by deleting
3 everything after the enacting clause and replacing it with
4 the following:
5 "(30 ILCS 330/1) (from Ch. 127, par. 651)
6 Sec. 1. Short Title. This Act shall be known and may be
7 cited as the "General Obligation Bond Act".
8 (Source: P.A. 83-1490.)
9 (30 ILCS 330/2) (from Ch. 127, par. 652)
10 Sec. 2. Authorization for Bonds. The State of Illinois
11 is authorized to issue, sell and provide for the retirement
12 of General Obligation Bonds of the State of Illinois for the
13 categories and specific purposes expressed in Sections 2
14 through 8 of this Act, in the total amount of $15,265,007,500
15 $14,197,632,592.
16 The bonds authorized in this Section 2 and in Section 16
17 of this Act are herein called "Bonds".
18 Of the total amount of Bonds authorized in this Act, up
19 to $2,200,000,000 in aggregate original principal amount may
20 be issued and sold in accordance with the Baccalaureate
21 Savings Act in the form of General Obligation College Savings
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1 Bonds.
2 Of the total amount of Bonds authorized in this Act, up
3 to $300,000,000 in aggregate original principal amount may be
4 issued and sold in accordance with the Retirement Savings Act
5 in the form of General Obligation Retirement Savings Bonds.
6 The issuance and sale of Bonds pursuant to the General
7 Obligation Bond Act is an economical and efficient method of
8 financing the capital needs of the State. This Act will
9 permit the issuance of a multi-purpose General Obligation
10 Bond with uniform terms and features. This will not only
11 lower the cost of registration but also reduce the overall
12 cost of issuing debt by improving the marketability of
13 Illinois General Obligation Bonds.
14 (Source: P.A. 90-1, eff. 2-20-97; 90-8, eff. 12-8-97; 90-549,
15 eff. 12-8-97; 90-586, eff. 6-4-98; 91-39, eff. 6-15-99;
16 91-53, eff 6-30-99; 91-710, eff. 5-17-00.)
17 (30 ILCS 330/3) (from Ch. 127, par. 653)
18 Sec. 3. Capital Facilities. The amount of $6,626,093,492
19 $6,078,847,592 is authorized to be used for the acquisition,
20 development, construction, reconstruction, improvement,
21 financing, architectural planning and installation of capital
22 facilities within the State, consisting of buildings,
23 structures, durable equipment, land, and interests in land
24 for the following specific purposes:
25 (a) $1,880,077,346 $1,710,255,446 for educational
26 purposes by State universities and colleges, the Illinois
27 Community College Board created by the Public Community
28 College Act and for grants to public community colleges
29 as authorized by Sections 5-11 and 5-12 of the Public
30 Community College Act;
31 (b) $1,584,450,168 $1,542,970,160 for correctional
32 purposes at State prison and correctional centers;
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1 (c) $496,685,786 $470,941,786 for open spaces,
2 recreational and conservation purposes and the protection
3 of land;
4 (d) $556,926,486 $536,280,486 for child care
5 facilities, mental and public health facilities, and
6 facilities for the care of disabled veterans and their
7 spouses;
8 (e) $1,290,153,341 $1,129,599,341 for use by the
9 State, its departments, authorities, public corporations,
10 commissions and agencies;
11 (f) $818,100 for cargo handling facilities at port
12 districts and for breakwaters, including harbor
13 entrances, at port districts in conjunction with
14 facilities for small boats and pleasure crafts;
15 (g) $198,657,796 $186,657,796 for water resource
16 management projects;
17 (h) $16,940,269 for the provision of facilities for
18 food production research and related instructional and
19 public service activities at the State universities and
20 public community colleges;
21 (i) $36,000,000 for grants by the Secretary of
22 State, as State Librarian, for central library facilities
23 authorized by Section 8 of the Illinois Library System
24 Act and for grants by the Capital Development Board to
25 units of local government for public library facilities;
26 (j) $25,000,000 for the acquisition, development,
27 construction, reconstruction, improvement, financing,
28 architectural planning and installation of capital
29 facilities consisting of buildings, structures, durable
30 equipment and land for grants to counties, municipalities
31 or public building commissions with correctional
32 facilities that do not comply with the minimum standards
33 of the Department of Corrections under Section 3-15-2 of
34 the Unified Code of Corrections;
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1 (k) $5,000,000 for grants in fiscal year 1988 by
2 the Department of Conservation for improvement or
3 expansion of aquarium facilities located on property
4 owned by a park district;
5 (l) $367,584,200 $337,584,200 to State agencies for
6 grants to local governments for the acquisition,
7 financing, architectural planning, development,
8 alteration, installation, and construction of capital
9 facilities consisting of buildings, structures, durable
10 equipment, and land; and
11 (m) $167,800,000 $80,800,000 for the Illinois Open
12 Land Trust Program as defined by the Illinois Open Land
13 Trust Act.
14 The amounts authorized above for capital facilities may
15 be used for the acquisition, installation, alteration,
16 construction, or reconstruction of capital facilities and for
17 the purchase of equipment for the purpose of major capital
18 improvements which will reduce energy consumption in State
19 buildings or facilities.
20 (Source: P.A. 90-1, eff. 2-20-97; 90-8, eff. 12-8-97; 90-549,
21 eff. 12-8-97; 90-586, eff. 6-4-98; 91-39, 6-15-99; 91-53,
22 eff. 6-30-99; 91-710, eff. 5-17-00.)
23 (30 ILCS 330/4) (from Ch. 127, par. 654)
24 Sec. 4. Transportation. The amount of $5,313,399,000
25 $5,312,270,000 is authorized for use by the Department of
26 Transportation for the specific purpose of promoting and
27 assuring rapid, efficient, and safe highway, air and mass
28 transportation for the inhabitants of the State by providing
29 monies, including the making of grants and loans, for the
30 acquisition, construction, reconstruction, extension and
31 improvement of the following transportation facilities and
32 equipment, and for the acquisition of real property and
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1 interests in real property required or expected to be
2 required in connection therewith as follows:
3 (a) $3,432,129,000 $3,431,000,000 for State highways,
4 arterial highways, freeways, roads, bridges, structures
5 separating highways and railroads and roads, and bridges on
6 roads maintained by counties, municipalities, townships or
7 road districts for the following specific purposes:
8 (1) $3,330,000,000 for use statewide,
9 (2) $3,677,000 $3,641,000 for use outside the
10 Chicago urbanized area,
11 (3) $7,543,000 for use within the Chicago urbanized
12 area,
13 (4) $13,060,600 for use within the City of Chicago,
14 (5) $58,987,500 $57,894,500 for use within the
15 counties of Cook, DuPage, Kane, Lake, McHenry and Will,
16 and
17 (6) $18,860,900 for use outside the counties of
18 Cook, DuPage, Kane, Lake, McHenry and Will.
19 (b) $1,529,670,000 for rail facilities and for mass
20 transit facilities, as defined in Section 2705-305 of the
21 Department of Transportation Law (20 ILCS 2705/2705-305),
22 including rapid transit, rail, bus and other equipment used
23 in connection therewith by the State or any unit of local
24 government, special transportation district, municipal
25 corporation or other corporation or public authority
26 authorized to provide and promote public transportation
27 within the State or two or more of the foregoing jointly, for
28 the following specific purposes:
29 (1) $1,433,870,000 statewide,
30 (2) $83,350,000 for use within the counties of
31 Cook, DuPage, Kane, Lake, McHenry and Will,
32 (3) $12,450,000 for use outside the counties of
33 Cook, DuPage, Kane, Lake, McHenry and Will.
34 (c) $351,600,000 for airport or aviation facilities and
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1 any equipment used in connection therewith, including
2 engineering and land acquisition costs, by the State or any
3 unit of local government, special transportation district,
4 municipal corporation or other corporation or public
5 authority authorized to provide public transportation within
6 the State, or two or more of the foregoing acting jointly,
7 and for the making of deposits into the Airport Land Loan
8 Revolving Fund for loans to public airport owners pursuant to
9 the Illinois Aeronautics Act.
10 (Source: P.A. 90-8, eff. 12-8-97 (changed from 6-1-98 by P.A.
11 90-549); 90-586, eff. 6-4-98; 91-39, eff. 6-15-99; 91-239,
12 eff. 1-1-00; 91-712, eff. 7-1-00.)
13 (30 ILCS 330/6) (from Ch. 127, par. 656)
14 Sec. 6. Anti-Pollution.
15 (a) The amount of $281,815,000 $262,815,000 is
16 authorized for allocation by the Environmental Protection
17 Agency for grants or loans to units of local government in
18 such amounts, at such times and for such purpose as the
19 Agency deems necessary or desirable for the planning,
20 financing, and construction of municipal sewage treatment
21 works and solid waste disposal facilities and for making of
22 deposits into the Water Revolving Fund and the U.S.
23 Environmental Protection Fund to provide assistance in
24 accordance with the provisions of Title IV-A of the
25 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; 90-8, eff. 12-8-97; 90-549,
32 eff. 12-8-97; 90-586, eff. 6-4-98; 91-39, eff. 6-15-99;
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1 91-710, eff. 5-17-00.)
2 (30 ILCS 330/7) (from Ch. 127, par. 657)
3 Sec. 7. Coal and Energy Development. The amount of
4 $663,200,000 $163,200,000 is authorized to be used by the
5 Department of Commerce and Community Affairs for coal and
6 energy development purposes, pursuant to Sections 2, 3 and
7 3.1 of the Illinois Coal and Energy Development Bond Act, and
8 for the purposes specified in Section 8.1 of the Energy
9 Conservation and Coal Development Act, and for the purposes
10 specified in Section 605-332 of the Department of Commerce
11 and Community Affairs of the Civil Administrative Code of
12 Illinois. Of this amount:
13 (a) $115,000,000 is for the specific purposes of
14 acquisition, development, construction, reconstruction,
15 improvement, financing, architectural and technical planning
16 and installation of capital facilities consisting of
17 buildings, structures, durable equipment, and land for the
18 purpose of capital development of coal resources within the
19 State and for the purposes specified in Section 8.1 of the
20 Energy Conservation and Coal Development Act;,
21 (b) $35,000,000 is for the purposes specified in Section
22 8.1 of the Energy Conservation and Coal Development Act and
23 making a grant to the owner of a generating station located
24 in Illinois and having at least three coal-fired generating
25 units with accredited summer capability greater than 500
26 megawatts each at such generating station as provided in
27 Section 6 of that Bond Act; and
28 (c) $13,200,000 is for research, development and
29 demonstration of forms of energy other than that derived from
30 coal, either on or off State property; and
31 (d) $500,000,000 is for the purpose of providing
32 financial assistance to new electric generating facilities as
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1 provided in Section 605-332 of the Department of Commerce and
2 Community Affairs Law of the Civil Administrative Code of
3 Illinois.
4 (Source: P.A. 89-445, eff. 2-7-96; 90-312, eff. 8-1-97;
5 90-549, eff. 12-8-97.)
6 Section 99. Effective date. This Act takes effect upon
7 becoming law.".