Sen. Jeffrey M. Schoenberg

Filed: 9/18/2007

 

 


 

 


 
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1
AMENDMENT TO SENATE BILL 785

2     AMENDMENT NO. ______. Amend Senate Bill 785 by deleting
3 everything after the enacting clause and replacing it with the
4 following:
 
5     "Section 5. The General Obligation Bond Act is amended by
6 changing Sections 2, 3, 4, 5, 6, and 7 as follows:
 
7     (30 ILCS 330/2)  (from Ch. 127, par. 652)
8     Sec. 2. Authorization for Bonds. The State of Illinois is
9 authorized to issue, sell and provide for the retirement of
10 General Obligation Bonds of the State of Illinois for the
11 categories and specific purposes expressed in Sections 2
12 through 8 of this Act, in the total amount of $35,923,211,869
13 $27,658,149,369.
14     The bonds authorized in this Section 2 and in Section 16 of
15 this Act are herein called "Bonds".
16     Of the total amount of Bonds authorized in this Act, up to

 

 

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1 $2,200,000,000 in aggregate original principal amount may be
2 issued and sold in accordance with the Baccalaureate Savings
3 Act in the form of General Obligation College Savings Bonds.
4     Of the total amount of Bonds authorized in this Act, up to
5 $300,000,000 in aggregate original principal amount may be
6 issued and sold in accordance with the Retirement Savings Act
7 in the form of General Obligation Retirement Savings Bonds.
8     Of the total amount of Bonds authorized in this Act, the
9 additional $10,000,000,000 authorized by this amendatory Act
10 of the 93rd General Assembly shall be used solely as provided
11 in Section 7.2.
12     The issuance and sale of Bonds pursuant to the General
13 Obligation Bond Act is an economical and efficient method of
14 financing the long-term capital needs of the State. This Act
15 will permit the issuance of a multi-purpose General Obligation
16 Bond with uniform terms and features. This will not only lower
17 the cost of registration but also reduce the overall cost of
18 issuing debt by improving the marketability of Illinois General
19 Obligation Bonds.
20 (Source: P.A. 92-13, eff. 6-22-01; 92-596, eff. 6-28-02;
21 92-598, eff. 6-28-02; 93-2, eff. 4-7-03; 93-839, eff. 7-30-04.)
 
22     (30 ILCS 330/3)  (from Ch. 127, par. 653)
23     Sec. 3. Capital Facilities. The amount of $8,581,297,869
24 $7,320,235,369 is authorized to be used for the acquisition,
25 development, construction, reconstruction, improvement,

 

 

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1 financing, architectural planning and installation of capital
2 facilities within the State, consisting of buildings,
3 structures, durable equipment, land, and interests in land for
4 the following specific purposes:
5         (a) $2,796,228,000 $2,211,228,000 for educational
6     purposes by State universities and colleges, the Illinois
7     Community College Board created by the Public Community
8     College Act and for grants to public community colleges as
9     authorized by Sections 5-11 and 5-12 of the Public
10     Community College Act; of which total amount the amount of
11     $585,000,000 shall be authorized for a period of 24 months
12     from the effective date of this amendatory Act of the 95th
13     General Assembly to be used for the specific purposes of
14     this section, unless such authorization is extended by an
15     act of the General Assembly;
16         (b) $1,607,420,000 for correctional purposes at State
17     prison and correctional centers;
18         (c) $539,012,500 $531,175,000 for open spaces,
19     recreational and conservation purposes and the protection
20     of land; of which total amount the amount of $7,837,500
21     shall be authorized for a period of 24 months from the
22     effective date of this amendatory Act of the 95th General
23     Assembly to be used for the specific purposes of this
24     section, unless such authorization is extended by an act of
25     the General Assembly;
26         (d) $589,917,000 for child care facilities, mental and

 

 

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1     public health facilities, and facilities for the care of
2     disabled veterans and their spouses;
3         (e) $2,008,915,000 $1,455,990,000 for use by the
4     State, its departments, authorities, public corporations,
5     commissions and agencies; of which total amount the amount
6     of $552,925,000 shall be authorized for a period of 24
7     months from the effective date of this amendatory Act of
8     the 95th General Assembly to be used for the specific
9     purposes of this section, unless such authorization is
10     extended by an act of the General Assembly;
11         (f) $818,100 for cargo handling facilities at port
12     districts and for breakwaters, including harbor entrances,
13     at port districts in conjunction with facilities for small
14     boats and pleasure crafts;
15         (g) $264,957,000 $204,657,000 for water resource
16     management projects; of which total amount the amount of
17     $60,300,000 shall be authorized for a period of 24 months
18     from the effective date of this amendatory Act of the 95th
19     General Assembly to be used for the specific purposes of
20     this section, unless such authorization is extended by an
21     act of the General Assembly;
22         (h) $16,940,269 for the provision of facilities for
23     food production research and related instructional and
24     public service activities at the State universities and
25     public community colleges;
26         (i) $36,000,000 for grants by the Secretary of State,

 

 

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1     as State Librarian, for central library facilities
2     authorized by Section 8 of the Illinois Library System Act
3     and for grants by the Capital Development Board to units of
4     local government for public library facilities;
5         (j) $25,000,000 for the acquisition, development,
6     construction, reconstruction, improvement, financing,
7     architectural planning and installation of capital
8     facilities consisting of buildings, structures, durable
9     equipment and land for grants to counties, municipalities
10     or public building commissions with correctional
11     facilities that do not comply with the minimum standards of
12     the Department of Corrections under Section 3-15-2 of the
13     Unified Code of Corrections;
14         (k) $5,000,000 for grants in fiscal year 1988 by the
15     Department of Conservation for improvement or expansion of
16     aquarium facilities located on property owned by a park
17     district;
18         (l) $487,590,000 $432,590,000 to State agencies for
19     grants to local governments for the acquisition,
20     financing, architectural planning, development,
21     alteration, installation, and construction of capital
22     facilities consisting of buildings, structures, durable
23     equipment, and land; of which total amount the amount of
24     $55,000,000 shall be authorized for a period of 24 months
25     from the effective date of this amendatory Act of the 95th
26     General Assembly to be used for the specific purposes of

 

 

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1     this section, unless such authorization is extended by an
2     act of the General Assembly; and
3         (m) $203,500,000 for the Illinois Open Land Trust
4     Program as defined by the Illinois Open Land Trust Act.
5     The amounts authorized above for capital facilities may be
6 used for the acquisition, installation, alteration,
7 construction, or reconstruction of capital facilities and for
8 the purchase of equipment for the purpose of major capital
9 improvements which will reduce energy consumption in State
10 buildings or facilities.
11 (Source: P.A. 91-39, 6-15-99; 91-53, eff. 6-30-99; 91-710, eff.
12 5-17-00; 92-13, eff. 6-22-01; 92-598, eff. 6-28-02.)
 
13     (30 ILCS 330/4)  (from Ch. 127, par. 654)
14     Sec. 4. Transportation. The amount of $10,163,399,000
15 $5,313,399,000 is authorized for use by the Department of
16 Transportation for the specific purpose of promoting and
17 assuring rapid, efficient, and safe highway, air and mass
18 transportation for the inhabitants of the State by providing
19 monies, including the making of grants and loans, for the
20 acquisition, construction, reconstruction, extension and
21 improvement of the following transportation facilities and
22 equipment, and for the acquisition of real property and
23 interests in real property required or expected to be required
24 in connection therewith as follows:
25     (a) $3,432,129,000 for State highways, arterial highways,

 

 

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1 freeways, roads, bridges, structures separating highways and
2 railroads and roads, and bridges on roads maintained by
3 counties, municipalities, townships or road districts for the
4 following specific purposes:
5         (1) $3,330,000,000 for use statewide,
6         (2) $3,677,000 for use outside the Chicago urbanized
7     area,
8         (3) $7,543,000 for use within the Chicago urbanized
9     area,
10         (4) $13,060,600 for use within the City of Chicago,
11         (5) $58,987,500 for use within the counties of Cook,
12     DuPage, Kane, Lake, McHenry and Will, and
13         (6) $18,860,900 for use outside the counties of Cook,
14     DuPage, Kane, Lake, McHenry and Will.
15     (b) $2,054,670,000 $1,529,670,000 for rail facilities and
16 for mass transit facilities, as defined in Section 2705-305 of
17 the Department of Transportation Law (20 ILCS 2705/2705-305),
18 including rapid transit, rail, bus and other equipment used in
19 connection therewith by the State or any unit of local
20 government, special transportation district, municipal
21 corporation or other corporation or public authority
22 authorized to provide and promote public transportation within
23 the State or two or more of the foregoing jointly, for the
24 following specific purposes:
25         (1) $2,018,870,000 $1,433,870,000 statewide, of which
26     total amount the amount of $585,000,000 shall be authorized

 

 

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1     for a period of 24 months from the effective date of this
2     amendatory Act of the 95th General Assembly to be used for
3     the specific purposes of this section, unless such
4     authorization is extended by an act of the General
5     Assembly,
6         (2) $83,350,000 for use within the counties of Cook,
7     DuPage, Kane, Lake, McHenry and Will,
8         (3) $12,450,000 for use outside the counties of Cook,
9     DuPage, Kane, Lake, McHenry and Will.
10     (c) $426,600,000 $351,600,000 for airport or aviation
11 facilities and any equipment used in connection therewith,
12 including engineering and land acquisition costs, by the State
13 or any unit of local government, special transportation
14 district, municipal corporation or other corporation or public
15 authority authorized to provide public transportation within
16 the State, or two or more of the foregoing acting jointly, and
17 for the making of deposits into the Airport Land Loan Revolving
18 Fund for loans to public airport owners pursuant to the
19 Illinois Aeronautics Act; of which total amount the amount of
20 $75,000,000 shall be authorized for a period of 24 months from
21 the effective date of this amendatory Act of the 95th General
22 Assembly to be used for the specific purposes of this section,
23 unless such authorization is extended by an act of the General
24 Assembly.
25     (d) $4,250,000,000 for State highways, arterial highways,
26 freeways, roads, bridges, structures separating highways and

 

 

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1 railroads and roads, and bridges on roads maintained by
2 counties, municipalities, townships or road districts for the
3 following specific purposes:
4         (1) $4,250,000,000 for use statewide, of which total
5     amount the amount of $4,250,000,000 shall be authorized for
6     a period of 24 months from the effective date of this
7     amendatory Act of the 95th General Assembly to be used for
8     the specific purposes of this section, unless such
9     authorization is extended by an act of the General
10     Assembly.
11 (Source: P.A. 91-39, eff. 6-15-99; 91-239, eff. 1-1-00; 91-712,
12 eff. 7-1-00; 92-13, eff. 6-22-01.)
 
13     (30 ILCS 330/5)  (from Ch. 127, par. 655)
14     Sec. 5. School Construction.
15     (a) The amount of $58,450,000 is authorized to make grants
16 to local school districts for the acquisition, development,
17 construction, reconstruction, rehabilitation, improvement,
18 financing, architectural planning and installation of capital
19 facilities, including but not limited to those required for
20 special education building projects provided for in Article 14
21 of The School Code, consisting of buildings, structures, and
22 durable equipment, and for the acquisition and improvement of
23 real property and interests in real property required, or
24 expected to be required, in connection therewith.
25     (b) $22,550,000, or so much thereof as may be necessary,

 

 

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1 for grants to school districts for the making of principal and
2 interest payments, required to be made, on bonds issued by such
3 school districts after January 1, 1969, pursuant to any
4 indenture, ordinance, resolution, agreement or contract to
5 provide funds for the acquisition, development, construction,
6 reconstruction, rehabilitation, improvement, architectural
7 planning and installation of capital facilities consisting of
8 buildings, structures, durable equipment and land for
9 educational purposes or for lease payments required to be made
10 by a school district for principal and interest payments on
11 bonds issued by a Public Building Commission after January 1,
12 1969.
13     (c) $10,000,000 for grants to school districts for the
14 acquisition, development, construction, reconstruction,
15 rehabilitation, improvement, architectural planning and
16 installation of capital facilities consisting of buildings
17 structures, durable equipment and land for special education
18 building projects.
19     (d) $9,000,000 for grants to school districts for the
20 reconstruction, rehabilitation, improvement, financing and
21 architectural planning of capital facilities, including
22 construction at another location to replace such capital
23 facilities, consisting of those public school buildings and
24 temporary school facilities which, prior to January 1, 1984,
25 were condemned by the regional superintendent under Section
26 3-14.22 of The School Code or by any State official having

 

 

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1 jurisdiction over building safety.
2     (e) $4,960,000,000 $3,050,000,000 for grants to school
3 districts for school improvement projects authorized by the
4 School Construction Law. The bonds shall be sold in amounts not
5 to exceed the following schedule, except any bonds not sold
6 during one year shall be added to the bonds to be sold during
7 the remainder of the schedule:
8     First year..................................$200,000,000
9     Second year.................................$450,000,000
10     Third year..................................$500,000,000
11     Fourth year.................................$500,000,000
12     Fifth year..................................$800,000,000
13     Sixth year and thereafter...................$600,000,000
14     Seventh year................................$643,000,000
15     Eighth year.................................$633,000,000
16     Ninth year and thereafter...................$634,000,000
17 (Source: P.A. 91-39, eff. 6-15-99; 92-598, eff. 6-28-02.)
 
18     (30 ILCS 330/6)  (from Ch. 127, par. 656)
19     Sec. 6. Anti-Pollution.
20     (a) The amount of $319,815,000 is authorized for allocation
21 by the Environmental Protection Agency for grants or loans to
22 units of local government in such amounts, at such times and
23 for such purpose as the Agency deems necessary or desirable for
24 the planning, financing, and construction of municipal sewage
25 treatment works and solid waste disposal facilities and for

 

 

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1 making of deposits into the Water Revolving Fund and the U.S.
2 Environmental Protection Fund to provide assistance in
3 accordance with the provisions of Title IV-A of the
4 Environmental Protection Act.
5     (b) The amount of $185,500,000 $160,500,000 is authorized
6 for allocation by the Environmental Protection Agency for
7 payment of claims submitted to the State and approved for
8 payment under the Leaking Underground Storage Tank Program
9 established in Title XVI of the Environmental Protection Act;
10 of which total amount the amount of $25,000,000 shall be
11 authorized for a period of 24 months from the effective date of
12 this amendatory Act of the 95th General Assembly to be used for
13 the specific purposes of this section, unless such
14 authorization is extended by an act of the General Assembly.
15 (Source: P.A. 92-13, eff. 6-22-01; 92-598, eff. 6-28-02;
16 93-650, eff. 1-8-04.)
 
17     (30 ILCS 330/7)  (from Ch. 127, par. 657)
18     Sec. 7. Coal and Energy Development. The amount of
19 $863,200,000 $663,200,000 is authorized to be used by the
20 Department of Commerce and Economic Opportunity (formerly
21 Department of Commerce and Community Affairs) for coal and
22 energy development purposes, pursuant to Sections 2, 3 and 3.1
23 of the Illinois Coal and Energy Development Bond Act, for the
24 purposes specified in Section 8.1 of the Energy Conservation
25 and Coal Development Act, and for the purposes specified in

 

 

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1 Section 605-332 of the Department of Commerce and Economic
2 Opportunity Law of the Civil Administrative Code of Illinois.
3 Of this amount:
4     (a) $315,000,000 $115,000,000 is for the specific purposes
5 of acquisition, development, construction, reconstruction,
6 improvement, financing, architectural and technical planning
7 and installation of capital facilities consisting of
8 buildings, structures, durable equipment, and land for the
9 purpose of capital development of coal resources within the
10 State and for the purposes specified in Section 8.1 of the
11 Energy Conservation and Coal Development Act; of which total
12 amount the amount of $200,000,000 shall be authorized for a
13 period of 24 months from the effective date of this amendatory
14 Act of the 95th General Assembly to be used for the specific
15 purposes of this section, unless such authorization is extended
16 by an act of the General Assembly,
17     (b) $35,000,000 is for the purposes specified in Section
18 8.1 of the Energy Conservation and Coal Development Act and
19 making a grant to the owner of a generating station located in
20 Illinois and having at least three coal-fired generating units
21 with accredited summer capability greater than 500 megawatts
22 each at such generating station as provided in Section 6 of
23 that Bond Act;
24     (c) $13,200,000 is for research, development and
25 demonstration of forms of energy other than that derived from
26 coal, either on or off State property; and

 

 

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1     (d) $500,000,000 is for the purpose of providing financial
2 assistance to new electric generating facilities as provided in
3 Section 605-332 of the Department of Commerce and Economic
4 Opportunity Law of the Civil Administrative Code of Illinois.
5 (Source: P.A. 94-793, eff. 5-19-06.)
 
6     Section 10. The Build Illinois Bond Act is amended by
7 changing Sections 2 and 4 as follows:
 
8     (30 ILCS 425/2)  (from Ch. 127, par. 2802)
9     Sec. 2. Authorization for Bonds. The State of Illinois is
10 authorized to issue, sell and provide for the retirement of
11 limited obligation bonds, notes and other evidences of
12 indebtedness of the State of Illinois in the total principal
13 amount of $5,777,999,000 $3,805,509,000 herein called "Bonds".
14 Such authorized amount of Bonds shall be reduced from time to
15 time by amounts, if any, which are equal to the moneys received
16 by the Department of Revenue in any fiscal year pursuant to
17 Section 3-1001 of the "Illinois Vehicle Code", as amended, in
18 excess of the Annual Specified Amount (as defined in Section 3
19 of the "Retailers' Occupation Tax Act", as amended) and
20 transferred at the end of such fiscal year from the General
21 Revenue Fund to the Build Illinois Purposes Fund (now
22 abolished) as provided in Section 3-1001 of said Code;
23 provided, however, that no such reduction shall affect the
24 validity or enforceability of any Bonds issued prior to such

 

 

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1 reduction. Such amount of authorized Bonds shall be exclusive
2 of any refunding Bonds issued pursuant to Section 15 of this
3 Act and exclusive of any Bonds issued pursuant to this Section
4 which are redeemed, purchased, advance refunded, or defeased in
5 accordance with paragraph (f) of Section 4 of this Act. Bonds
6 shall be issued for the categories and specific purposes
7 expressed in Section 4 of this Act.
8 (Source: P.A. 94-91, eff. 7-1-05.)
 
9     (30 ILCS 425/4)  (from Ch. 127, par. 2804)
10     Sec. 4. Purposes of Bonds. Bonds shall be issued for the
11 following purposes and in the approximate amounts as set forth
12 below:
13     (a) $3,317,000,000 $2,417,000,000 for the expenses of
14 issuance and sale of Bonds, including bond discounts, and for
15 planning, engineering, acquisition, construction,
16 reconstruction, development, improvement and extension of the
17 public infrastructure in the State of Illinois, including: the
18 making of loans or grants to local governments for waste
19 disposal systems, water and sewer line extensions and water
20 distribution and purification facilities, rail or air or water
21 port improvements, gas and electric utility extensions,
22 publicly owned industrial and commercial sites, buildings used
23 for public administration purposes and other public
24 infrastructure capital improvements; the making of loans or
25 grants to units of local government for financing and

 

 

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1 construction of wastewater facilities; refinancing or retiring
2 bonds issued between January 1, 1987 and January 1, 1990 by
3 home rule municipalities, debt service on which is provided
4 from a tax imposed by home rule municipalities prior to January
5 1, 1990 on the sale of food and drugs pursuant to Section
6 8-11-1 of the Home Rule Municipal Retailers' Occupation Tax Act
7 or Section 8-11-5 of the Home Rule Municipal Service Occupation
8 Tax Act; the making of deposits not to exceed $70,000,000 in
9 the aggregate into the Water Pollution Control Revolving Fund
10 to provide assistance in accordance with the provisions of
11 Title IV-A of the Environmental Protection Act; the planning,
12 engineering, acquisition, construction, reconstruction,
13 alteration, expansion, extension and improvement of highways,
14 bridges, structures separating highways and railroads, rest
15 areas, interchanges, access roads to and from any State or
16 local highway and other transportation improvement projects
17 which are related to economic development activities; the
18 making of loans or grants for planning, engineering,
19 rehabilitation, improvement or construction of rail and
20 transit facilities; the planning, engineering, acquisition,
21 construction, reconstruction and improvement of watershed,
22 drainage, flood control, recreation and related improvements
23 and facilities, including expenses related to land and easement
24 acquisition, relocation, control structures, channel work and
25 clearing and appurtenant work; the making of grants for
26 improvement and development of zoos and park district field

 

 

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1 houses and related structures; and the making of grants for
2 improvement and development of Navy Pier and related
3 structures; of which total amount the amount of $900,000,000
4 shall be authorized for a period of 24 months from the
5 effective date of this amendatory Act of the 95th General
6 Assembly to be used for the specific purposes of this section,
7 unless such authorization is extended by an act of the General
8 Assembly.
9     (b) $661,000,000 $186,000,000 for fostering economic
10 development and increased employment and the well being of the
11 citizens of Illinois, including: the making of grants for
12 improvement and development of McCormick Place and related
13 structures; the planning and construction of a
14 microelectronics research center, including the planning,
15 engineering, construction, improvement, renovation and
16 acquisition of buildings, equipment and related utility
17 support systems; the making of loans to businesses and
18 investments in small businesses; acquiring real properties for
19 industrial or commercial site development; acquiring,
20 rehabilitating and reconveying industrial and commercial
21 properties for the purpose of expanding employment and
22 encouraging private and other public sector investment in the
23 economy of Illinois; the payment of expenses associated with
24 siting the Superconducting Super Collider Particle Accelerator
25 in Illinois and with its acquisition, construction,
26 maintenance, operation, promotion and support; the making of

 

 

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1 loans for the planning, engineering, acquisition,
2 construction, improvement and conversion of facilities and
3 equipment which will foster the use of Illinois coal; the
4 payment of expenses associated with the promotion,
5 establishment, acquisition and operation of small business
6 incubator facilities and agribusiness research facilities,
7 including the lease, purchase, renovation, planning,
8 engineering, construction and maintenance of buildings,
9 utility support systems and equipment designated for such
10 purposes and the establishment and maintenance of centralized
11 support services within such facilities; and the making of
12 grants or loans to units of local government for Urban
13 Development Action Grant and Housing Partnership programs; of
14 which total amount the amount of $475,000,000 shall be
15 authorized for a period of 24 months from the effective date of
16 this amendatory Act of the 95th General Assembly to be used for
17 the specific purposes of this section, unless such
18 authorization is extended by an act of the General Assembly.
19     (c) $1,592,848,100 $1,052,358,100 for the development and
20 improvement of educational, scientific, technical and
21 vocational programs and facilities and the expansion of health
22 and human services for all citizens of Illinois, including: the
23 making of construction and improvement grants and loans to
24 public libraries and library systems; the making of grants and
25 loans for planning, engineering, acquisition and construction
26 of a new State central library in Springfield; the planning,

 

 

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1 engineering, acquisition and construction of an animal and
2 dairy sciences facility; the planning, engineering,
3 acquisition and construction of a campus and all related
4 buildings, facilities, equipment and materials for Richland
5 Community College; the acquisition, rehabilitation and
6 installation of equipment and materials for scientific and
7 historical surveys; the making of grants or loans for
8 distribution to eligible vocational education instructional
9 programs for the upgrading of vocational education programs,
10 school shops and laboratories, including the acquisition,
11 rehabilitation and installation of technical equipment and
12 materials; the making of grants or loans for distribution to
13 eligible local educational agencies for the upgrading of math
14 and science instructional programs, including the acquisition
15 of instructional equipment and materials; miscellaneous
16 capital improvements for universities and community colleges
17 including the planning, engineering, construction,
18 reconstruction, remodeling, improvement, repair and
19 installation of capital facilities and costs of planning,
20 supplies, equipment, materials, services, and all other
21 required expenses; the making of grants or loans for repair,
22 renovation and miscellaneous capital improvements for
23 privately operated colleges and universities and community
24 colleges, including the planning, engineering, acquisition,
25 construction, reconstruction, remodeling, improvement, repair
26 and installation of capital facilities and costs of planning,

 

 

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1 supplies, equipment, materials, services, and all other
2 required expenses; and the making of grants or loans for
3 distribution to local governments for hospital and other health
4 care facilities including the planning, engineering,
5 acquisition, construction, reconstruction, remodeling,
6 improvement, repair and installation of capital facilities and
7 costs of planning, supplies, equipment, materials, services
8 and all other required expenses; of which total amount the
9 amount of $540,490,000 shall be authorized for a period of 24
10 months from the effective date of this amendatory Act of the
11 95th General Assembly to be used for the specific purposes of
12 this section, unless such authorization is extended by an act
13 of the General Assembly.
14     (d) $207,150,900 $150,150,900 for protection,
15 preservation, restoration and conservation of environmental
16 and natural resources, including: the making of grants to soil
17 and water conservation districts for the planning and
18 implementation of conservation practices and for funding
19 contracts with the Soil Conservation Service for watershed
20 planning; the making of grants to units of local government for
21 the capital development and improvement of recreation areas,
22 including planning and engineering costs, sewer projects,
23 including planning and engineering costs and water projects,
24 including planning and engineering costs, and for the
25 acquisition of open space lands, including the acquisition of
26 easements and other property interests of less than fee simple

 

 

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1 ownership; the acquisition and related costs and development
2 and management of natural heritage lands, including natural
3 areas and areas providing habitat for endangered species and
4 nongame wildlife, and buffer area lands; the acquisition and
5 related costs and development and management of habitat lands,
6 including forest, wildlife habitat and wetlands; and the
7 removal and disposition of hazardous substances, including the
8 cost of project management, equipment, laboratory analysis,
9 and contractual services necessary for preventative and
10 corrective actions related to the preservation, restoration
11 and conservation of the environment, including deposits not to
12 exceed $60,000,000 in the aggregate into the Hazardous Waste
13 Fund and the Brownfields Redevelopment Fund for improvements in
14 accordance with the provisions of Titles V and XVII of the
15 Environmental Protection Act; of which total amount the amount
16 of $57,000,000 shall be authorized for a period of 24 months
17 from the effective date of this amendatory Act of the 95th
18 General Assembly to be used for the specific purposes of this
19 section, unless such authorization is extended by an act of the
20 General Assembly.
21     (e) The amount specified in paragraph (a) above shall
22 include an amount necessary to pay reasonable expenses of each
23 issuance and sale of the Bonds, as specified in the related
24 Bond Sale Order (hereinafter defined).
25     (f) Any unexpended proceeds from any sale of Bonds which
26 are held in the Build Illinois Bond Fund may be used to redeem,

 

 

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1 purchase, advance refund, or defease any Bonds outstanding.
2 (Source: P.A. 91-39, eff. 6-15-99; 91-53, eff. 6-30-99; 91-709,
3 eff. 5-17-00; 92-9, eff. 6-11-01; 92-598, eff. 6-28-02.)".
 
4     Section 99. Effective date. This Act takes effect upon
5 becoming law.".