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HB3463 Engrossed |
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LRB095 10078 CMK 30292 b |
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| AN ACT concerning finance.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Build Illinois Bond Act is amended by |
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| changing Section 4 as follows:
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| (30 ILCS 425/4) (from Ch. 127, par. 2804)
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| Sec. 4. Purposes of Bonds. Bonds shall be issued for the |
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| following
purposes and in the approximate amounts as set forth |
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| below:
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| (a) $2,417,000,000 for the expenses of issuance and
sale of |
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| Bonds, including bond discounts, and for planning, |
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| engineering,
acquisition, construction, reconstruction, |
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| development, improvement and
extension of the public |
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| infrastructure in the State of Illinois, including: the
making |
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| of loans or grants to local governments for waste disposal |
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| systems,
water and sewer line extensions and water distribution |
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| and purification
facilities, rail or air or water port |
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| improvements, gas and electric utility
extensions, publicly |
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| owned industrial and commercial sites, buildings
used for |
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| public administration purposes and other public infrastructure |
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| capital
improvements; the making of loans or grants to units of |
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| local government
for financing and construction of wastewater |
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| facilities , including grants to serve unincorporated areas ; |
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HB3463 Engrossed |
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LRB095 10078 CMK 30292 b |
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| refinancing or
retiring bonds issued between January 1, 1987 |
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| and January 1,
1990 by home rule municipalities, debt service |
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| on which is provided from a
tax imposed by home rule |
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| municipalities prior to January 1, 1990 on the
sale of food and |
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| drugs pursuant to Section 8-11-1 of the Home Rule
Municipal |
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| Retailers' Occupation Tax Act or Section 8-11-5 of the Home
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| Rule Municipal Service Occupation Tax Act; the making of |
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| deposits not
to exceed $70,000,000 in the aggregate into
the |
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| Water Pollution Control Revolving Fund to provide assistance in
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| accordance with the provisions of Title IV-A of the |
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| Environmental
Protection Act; the planning, engineering, |
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| acquisition,
construction, reconstruction, alteration, |
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| expansion, extension and
improvement of highways, bridges, |
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| structures separating highways and
railroads, rest areas, |
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| interchanges, access
roads to and from any State or local |
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| highway and other transportation
improvement projects which |
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| are related to
economic development activities; the making of |
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| loans or grants for
planning, engineering, rehabilitation, |
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| improvement or construction of rail
and transit facilities; the |
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| planning, engineering, acquisition,
construction, |
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| reconstruction and improvement of watershed, drainage, flood
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| control, recreation and related improvements and facilities, |
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| including
expenses related to land and easement acquisition, |
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| relocation, control
structures, channel work and clearing and |
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| appurtenant work; the making of
grants for improvement and |
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| development of zoos and park district field
houses and related |
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HB3463 Engrossed |
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LRB095 10078 CMK 30292 b |
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| structures; and the making of grants for improvement and
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| development of Navy Pier and related structures.
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| (b) $186,000,000 for fostering economic development and
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| increased employment and the well being of the citizens of |
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| Illinois, including:
the making of grants for improvement and |
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| development of McCormick Place and
related structures; the
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| planning and construction of a microelectronics research |
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| center, including
the planning, engineering, construction, |
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| improvement, renovation and
acquisition of buildings, |
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| equipment and related utility support systems;
the making of |
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| loans to businesses and investments in small businesses;
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| acquiring real properties for industrial or commercial site |
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| development;
acquiring, rehabilitating and reconveying |
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| industrial and commercial
properties for the purpose of |
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| expanding employment and encouraging private
and other public |
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| sector investment in the economy of Illinois; the payment
of |
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| expenses associated with siting the Superconducting Super |
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| Collider Particle
Accelerator in Illinois and with its |
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| acquisition, construction,
maintenance, operation, promotion |
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| and support; the making of loans for the
planning, engineering, |
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| acquisition, construction, improvement and
conversion of |
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| facilities and equipment which will foster the use of
Illinois |
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| coal; the payment of expenses associated with the
promotion, |
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| establishment, acquisition and operation of small business
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| incubator facilities and agribusiness research facilities, |
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| including the lease,
purchase, renovation, planning, |
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HB3463 Engrossed |
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LRB095 10078 CMK 30292 b |
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| engineering, construction and maintenance of
buildings, |
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| utility support systems and equipment designated for such
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| purposes and the establishment and maintenance of centralized |
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| support
services within such facilities; and the making of |
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| grants or loans to
units of local government for Urban |
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| Development Action Grant and Housing
Partnership programs.
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| (c) $1,052,358,100 for the development and
improvement of |
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| educational,
scientific, technical and vocational programs and |
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| facilities and the
expansion of health and human services for |
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| all citizens of Illinois,
including: the making of construction |
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| and improvement grants and loans
to public libraries
and |
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| library systems; the making of grants and loans for planning,
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| engineering, acquisition and construction
of a new State |
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| central library in Springfield; the planning, engineering,
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| acquisition and construction of an animal and dairy sciences |
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| facility; the
planning, engineering, acquisition and |
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| construction of a campus and all
related buildings, facilities, |
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| equipment and materials for Richland
Community College; the |
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| acquisition, rehabilitation and installation of
equipment and |
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| materials for scientific and historical surveys; the making of
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| grants or loans for distribution to eligible vocational |
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| education instructional
programs for the upgrading of |
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| vocational education programs, school shops
and laboratories, |
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| including the acquisition, rehabilitation and
installation of |
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| technical equipment and materials; the making of grants or
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| loans for distribution to eligible local educational agencies |
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HB3463 Engrossed |
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LRB095 10078 CMK 30292 b |
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| for the
upgrading of math and science instructional programs, |
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| including the
acquisition of instructional equipment and |
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| materials; miscellaneous capital
improvements for universities |
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| and community colleges including the
planning, engineering,
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| construction, reconstruction, remodeling, improvement, repair |
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| and
installation of capital facilities and costs of planning, |
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| supplies,
equipment, materials, services, and all other |
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| required expenses; the
making of grants or loans for repair, |
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| renovation and miscellaneous capital
improvements for |
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| privately operated colleges and universities and community
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| colleges, including the planning, engineering, acquisition, |
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| construction,
reconstruction, remodeling,
improvement, repair |
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| and installation of capital facilities and costs of
planning, |
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| supplies, equipment, materials, services, and all other |
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| required
expenses; and the making of grants or loans for |
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| distribution to local
governments for hospital and other health |
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| care facilities including the
planning, engineering, |
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| acquisition, construction, reconstruction,
remodeling, |
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| improvement, repair and installation of capital facilities and
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| costs of planning, supplies, equipment, materials, services |
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| and all other
required expenses.
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| (d) $150,150,900 for protection, preservation,
restoration |
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| and conservation of environmental and natural resources,
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| including: the making of grants to soil and water conservation |
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| districts
for the planning and implementation of conservation |
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| practices and for
funding contracts with the Soil Conservation |
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HB3463 Engrossed |
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LRB095 10078 CMK 30292 b |
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| Service for watershed
planning; the making of grants to units |
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| of local government for the
capital development and improvement |
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| of recreation areas, including
planning and engineering costs, |
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| sewer projects, including planning and
engineering costs and |
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| water projects, including planning
and engineering costs, and |
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| for the acquisition of open space lands,
including the |
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| acquisition of easements and other property interests of less
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| than fee simple ownership; the acquisition and related costs |
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| and development
and management of natural heritage lands, |
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| including natural areas and areas
providing habitat for
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| endangered species and nongame wildlife, and buffer area lands; |
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| the
acquisition and related costs and development and |
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| management of
habitat lands, including forest, wildlife |
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| habitat and wetlands;
and the removal and disposition of |
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| hazardous substances, including the cost of
project |
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| management, equipment, laboratory analysis, and contractual |
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| services
necessary for preventative and corrective actions |
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| related to the preservation,
restoration and conservation of |
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| the environment, including deposits not to
exceed $60,000,000 |
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| in the aggregate into the Hazardous Waste Fund and the
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| Brownfields Redevelopment Fund for improvements in accordance |
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| with the
provisions of Titles V and XVII of the Environmental |
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| Protection Act.
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| (e) The amount specified in paragraph (a) above
shall |
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| include an amount necessary to pay reasonable expenses of each
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| issuance and sale of the Bonds, as specified in the related |
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HB3463 Engrossed |
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LRB095 10078 CMK 30292 b |
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| Bond Sale Order
(hereinafter defined).
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| (f) Any unexpended proceeds from any sale of
Bonds which |
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| are held in the Build Illinois Bond Fund may be used to redeem,
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| purchase, advance refund, or defease any Bonds outstanding.
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| (Source: P.A. 91-39, eff. 6-15-99; 91-53, eff. 6-30-99; 91-709, |
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| eff.
5-17-00; 92-9, eff. 6-11-01; 92-598, eff. 6-28-02.)
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| Section 99. Effective date. This Act takes effect January |
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| 1, 2008.
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