Bill Status of SB 2081   95th General Assembly

Short Description:  GO BONDS-GAMING-CAPITAL PROG

Senate Sponsors
Sen. Matt Murphy-Pamela J. Althoff

Last Action  View All Actions

DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 3005/2from Ch. 127, par. 412
20 ILCS 3005/2.8 new
30 ILCS 105/5.710 new
30 ILCS 105/5.711 new
30 ILCS 105/6z-76 new
30 ILCS 105/6z-77 new
30 ILCS 330/2from Ch. 127, par. 652
30 ILCS 330/4from Ch. 127, par. 654
30 ILCS 330/12from Ch. 127, par. 662
230 ILCS 10/13from Ch. 120, par. 2413

Synopsis As Introduced
Amends the Governor's Office of Management and Budget Act to require the Governor's Office of Management and Budget to provide a quarterly report to specified State officers on the status of all capital projects in the State. Amends the General Obligation Bond Act. Increases the amount of the authorization of State bonds by $2,000,000,000, $1,575,000,000 for State highways, arterial highways, freeways, roads, bridges, structures separating highways and railroads and roads, and bridges on roads maintained by counties, municipalities, townships, or road districts for use statewide (the proceeds of which are deposited into the Transportation Bond, Series D Fund) and $425,000,000 for rail facilities and mass transit facilities statewide. Amends the Riverboat Gambling Act. Provides that all of the moneys deposited into the State Gaming Fund from the issuance of the 10th owners license pursuant to competitive bidding shall be transferred as soon as practical into the School Construction Fund and used to make school construction grants pursuant to the School Construction Law. Provides that, after specified other payments are made, the remainder of the revenue generated under the Act by the 10th owners license shall be transferred monthly into the Transportation Capital Lockbox Fund. Makes other changes. Amends the State Finance Act to create the Transportation Bond, Series D Fund and the Transportation Capital Lockbox Fund as special funds in the State treasury. Provides that the Transportation Capital Lockbox Fund shall be used for the purpose of paying and discharging annually the principal and interest on bonded indebtedness for certain construction of transportation improvements and for no other purpose. Effective immediately.

Actions 
DateChamber Action
  2/14/2008SenateFiled with Secretary by Sen. Matt Murphy
  2/14/2008SenateFirst Reading
  2/14/2008SenateReferred to Rules
  2/22/2008SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff
  1/13/2009SenateSession Sine Die

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