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