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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008 HB3463
Introduced 2/28/2007, by Rep. George Scully, Jr. SYNOPSIS AS INTRODUCED: |
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30 ILCS 425/4 |
from Ch. 127, par. 2804 |
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Amends the Build Illinois Bond Act. Provides that certain bonds that may currently be used for loans or grants to units of local government for wastewater facilities may also be used for grants to serve unincorporated areas. Effective immediately.
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FISCAL NOTE ACT MAY APPLY | |
STATE DEBT IMPACT NOTE ACT MAY APPLY |
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A BILL FOR
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HB3463 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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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