Bill Status of SB 1850   102nd General Assembly

Short Description:  MPEA ACT-INCENTIVE GRANT FUNDS

Senate Sponsors
Sen. Mattie Hunter

Last Action  View All Actions

DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
70 ILCS 210/5from Ch. 85, par. 1225
70 ILCS 210/18from Ch. 85, par. 1238

Synopsis As Introduced
Amends the Metropolitan Pier and Exposition Authority Act. In provisions regarding the Metropolitan Pier and Exposition Authority's Chief Executive Officer's requirement to certify to the State Comptroller and the State Treasurer the amounts of incentive grant funds used during the current fiscal year, provides that, during the years 2022 through 2024, the certification shall demonstrate registered attendance in excess of 3,000 individuals or in excess of 5,000 individuals, as appropriate, rather than registered attendance in excess of 5,000 individuals or in excess of 10,000 individuals, as appropriate. Provides that, on July 15, 2022 and each July 15 thereafter through July 15, 2026, the Comptroller shall order transferred, and the Treasurer shall transfer, into the Metropolitan Pier and Exposition Authority Incentive Fund from the General Revenue Fund an amount equal to the incentive grant funds certified by the Chief Executive Officer as having been lawfully paid under the provisions of the Section in the previous fiscal year that have not otherwise been transferred into the Metropolitan Pier and Exposition Authority Incentive Fund, except that transfers in excess of $15,000,000 shall not be made in any fiscal year. Makes other changes. Effective immediately.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Mattie Hunter
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/16/2021SenateAssigned to Appropriations
  3/16/2021SenateTo Appropriations- Revenue and Finance
  3/26/2021SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Mattie Hunter
  3/26/2021SenateSenate Committee Amendment No. 1 Referred to Assignments
  4/7/2021SenateSenate Committee Amendment No. 1 To Appropriations- Revenue and Finance
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments
  1/10/2023SenateSession Sine Die

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