Full Text of SB3342 96th General Assembly
SB3342eng 96TH GENERAL ASSEMBLY
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| AN ACT concerning State government.
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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 Bi-State Development Powers Act is amended | 5 |
| by changing Section 1 as follows:
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| (45 ILCS 110/1) (from Ch. 127, par. 63s-9)
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| Sec. 1.
In further effectuation of that certain compact | 8 |
| between the
States of Missouri and Illinois heretofore made and | 9 |
| entered into on
September 20, 1949, the Bi-State Development | 10 |
| Agency, created by and
under the aforesaid compact, is | 11 |
| authorized to exercise the following
powers in addition to | 12 |
| those heretofore expressly authorized by the
aforesaid | 13 |
| compact:
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| (1) To acquire by gift, purchase or lease, sell or | 15 |
| otherwise dispose of,
and to plan, construct,
operate and | 16 |
| maintain, or lease to others for operation and maintenance,
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| airports, wharves, docks, harbors, and industrial
parks | 18 |
| adjacent to and necessary and convenient thereto, bridges, | 19 |
| tunnels,
warehouses, grain
elevators, commodity and other | 20 |
| storage facilities, sewage disposal
plants, passenger | 21 |
| transportation facilities, and air, water, rail, motor
vehicle | 22 |
| and other terminal or parking facilities;
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| (2) To acquire by gift, purchase or lease; to plan, |
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| construct,
operate, maintain, or lease to or contract with | 2 |
| others for operation and
maintenance; or lease, sell or | 3 |
| otherwise dispose of to any person, firm
or corporation, | 4 |
| subject to such mortgage, pledge or other security
arrangement | 5 |
| that the Bi-State Development Agency may require, facilities
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| for the receiving, transferring, sorting, processing, | 7 |
| treatment,
storage, recovery and disposal of refuse or waste, | 8 |
| and facilities for
the production, conversion, recovery, | 9 |
| storage, use, or use and
sale of refuse
or waste derived | 10 |
| resources, fuel or energy and industrial parks adjacent
to and | 11 |
| necessary and convenient thereto;
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| (3) To acquire by gift, purchase or lease, to plan, | 13 |
| construct,
operate, maintain, or lease to or contract with | 14 |
| others for operation and
maintenance; or lease, sell or | 15 |
| otherwise dispose of to any person, firm or
corporation, | 16 |
| subject to such mortgage, pledge, or other security
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| arrangements that the Bi-State Development Agency may require, | 18 |
| a
development project described as a world trade center | 19 |
| consisting of one or
more buildings, structures, improvements | 20 |
| and areas necessary, convenient, or
desirable for the | 21 |
| centralized accommodation of functions, activities and
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| services for or incidental to the transportation of persons, | 23 |
| and the
exchange, buying, selling and transporting of | 24 |
| commodities and other
property in world trade and commerce, the | 25 |
| promotion and protection of such
trade and commerce, government | 26 |
| services, including but not limited to
customs houses, customs |
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| stores, inspection and appraisal facilities, foreign
trade | 2 |
| zone, terminal and transportation facilities, parking areas, | 3 |
| offices,
storage, warehouse, marketing and exhibition | 4 |
| facilities and other
facilities, and accommodations for | 5 |
| persons and property;
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| (4) To contract with municipalities or other political | 7 |
| subdivisions
for the services or use of any facility owned or | 8 |
| operated by the
Bi-State Agency, or owned or operated by any | 9 |
| such municipality or other
political subdivision. The Agency is | 10 |
| authorized and empowered to
cooperate with the States of | 11 |
| Illinois and Missouri, with any municipality,
with the Federal | 12 |
| government and with any agency or commission of any one or
more | 13 |
| of the foregoing, or with any one or more of them, for and in
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| connection with the acquisition, clearance, replanning, | 15 |
| rehabilitation,
reconstruction or redevelopment of a world | 16 |
| trade center area or of any
other area forming part of a | 17 |
| development project for the purpose of renewal
and improvement | 18 |
| of said area and for any of the purposes of this Act, and
to | 19 |
| enter into an agreement or agreements (and from time to time to | 20 |
| enter
into agreements amending or supplementing the same) with | 21 |
| any such
municipality, commission or agency and with the States | 22 |
| of Illinois and
Missouri and with the Federal government, or | 23 |
| with any one or more of them,
for or relating to such purposes;
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| (5) To borrow money for any of the authorized purposes of | 25 |
| the
Bi-State Development Agency, and to issue the negotiable | 26 |
| notes, bonds or
other instruments in writing of the Bi-State |
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| Development Agency in
evidence of the sum or sums so to be | 2 |
| borrowed;
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| (6) To issue negotiable refunding notes, bonds or other | 4 |
| instruments
in writing for the purpose of refunding, extending | 5 |
| or unifying the whole
or any part of its valid indebtedness | 6 |
| from time to time outstanding,
whether evidenced by notes, | 7 |
| bonds or other instruments in writing;
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| (7) To provide that all negotiable notes, bonds or other | 9 |
| instruments
in writing issued either pursuant to subparagraph | 10 |
| (4) or pursuant to
subparagraph (5) hereof shall be payable, | 11 |
| both as to principal and
interest, out of the revenues | 12 |
| collected for the use of any facility or
combination of | 13 |
| facilities owned or operated or owned and operated by the
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| Bi-State Development Agency, or out of any other resources of | 15 |
| the
Bi-State Development Agency, and may be further secured by | 16 |
| a mortgage or
deed of trust upon any property owned by the | 17 |
| Bi-State Development
Agency. All notes, bonds or other | 18 |
| instruments in writing issued by the
Bi-State Development | 19 |
| Agency as herein provided shall mature in not to
exceed 40 30 | 20 |
| years from the date thereof, shall bear interest at a rate not
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| exceeding 14% per annum, and shall be sold for not less than
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| 95% of the par value thereof. The Bi-State
Development Agency | 23 |
| shall have the power
to prescribe the details of such notes, | 24 |
| bonds or other instruments in
writing, and of the issuance and | 25 |
| sale thereof, and shall have power to
enter into covenants with | 26 |
| the holders of such notes, bonds or other
instruments in |
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| writing, not inconsistent with the powers herein granted
to the | 2 |
| Bi-State Development Agency, without further legislative
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| authority;
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| (8) To condemn any and all rights or property, of any kind | 5 |
| or
character, necessary for the purposes of the Bi-State | 6 |
| Development
Agency, subject, however, to the provisions of the | 7 |
| aforesaid compact;
provided, however, that no rights or | 8 |
| property of any kind or character,
now or hereafter owned, | 9 |
| leased, controlled, operated or used, in whole
or in part, by | 10 |
| any common carrier engaged in interstate commerce, or by
any | 11 |
| grain elevator, shall be taken or appropriated by the Bi-State
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| Development Agency without first obtaining the written consent | 13 |
| and
approval of such common carrier or of the owner or operator | 14 |
| of such
grain elevator. If the property to be condemned be | 15 |
| situated in the State
of Illinois, the said Agency shall follow | 16 |
| the procedure of the Act of
the State of Illinois providing for | 17 |
| the exercise of the right of eminent
domain, and if the | 18 |
| property to be condemned be situated in the State of
Missouri, | 19 |
| the said Agency shall follow the procedure provided by the
Laws | 20 |
| of the State of Missouri for the appropriation of land or other
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| property taken for telegraph, telephone or railroad | 22 |
| rights-of-way;
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| (9) To contract and to be contracted with, to enter into | 24 |
| limited
partnerships and joint ventures for any purpose | 25 |
| authorized by this
compact, and to sue and to be sued
in | 26 |
| contract;
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| (10) To issue bonds for industrial, manufacturing or | 2 |
| commercial facilities
located within the Bi-State Metropolitan | 3 |
| District upon the security of the
revenue to be derived from | 4 |
| such facilities; and, or upon any property held
or to be held | 5 |
| by it.
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| The State of Illinois may not expend any funds for any | 7 |
| purpose
connected with the projects authorized pursuant to this | 8 |
| amendatory Act of 1985.
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| (Source: P.A. 84-247.)
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| Section 99. Effective date. This Act takes effect upon | 11 |
| becoming law.
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