Rep. Michael J. Madigan

Filed: 3/28/2011

09700HB0117ham001 LRB097 05729 AMC 53348 a

AMENDMENT TO HOUSE BILL 117

    AMENDMENT NO. ______. Amend House Bill 117 by replacing everything after the enacting clause with the following:

    "Section 5. The sum of $14,000,000, or so much of that amount as may be necessary, is appropriated from the Illinois Civic Center Bond Retirement and Interest Fund to the Governor’s Office of Management and Budget for the principal and interest and premium, if any, on limited obligation revenue bonds issued pursuant to the Metropolitan Civic Center Support Act.

Section 10. The amount of $322,000,000, or so much of that amount as may be necessary, is appropriated from the Build Illinois Bond Retirement and Interest Fund to the Governor’s Office of Management and Budget for the purpose of making payments to the Trustee under the Master Indenture as defined by and pursuant to the Build Illinois Bond Act.

  Section 15. The following named amounts, or so much of those amounts as may be necessary, respectively, for the objects and purposes named in this Section, are appropriated to the State Treasurer for the payment of interest on and retirement of State bonded indebtedness:

For payment of principal and interest on any and all bonds issued pursuant to the Anti-Pollution Bond Act, the Transportation Bond Act, the Capital Development Bond Act of 1972, the School Construction Bond Act, the Illinois Coal and Energy Development Bond Act, and the General Obligation Bond Act:

From the General Obligation Bond Retirement and Interest Fund: 

    Principal............................... $1,465,673,439

    Interest................................ $1,283,668,819

Total                                        $2,749,342,258

Section 99. Effective date. This Act takes effect July 1, 2011.”.