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90_HB2091 30 ILCS 330/5 from Ch. 127, par. 655 Amends the General Obligation Bond Act. Makes changes of style and punctuation in the provisions of the Act relating to school construction. LRB9005381THcw LRB9005381THcw 1 AN ACT to amend the General Obligation Bond Act by 2 changing Section 5. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The General Obligation Bond Act is amended by 6 changing Section 5 as follows: 7 (30 ILCS 330/5) (from Ch. 127, par. 655) 8 Sec. 5. School Construction. (a) The amount of 9 $58,450,000 is authorized to make grants to local school 10 districts for the acquisition, development, construction, 11 reconstruction, rehabilitation, improvement, financing, 12 architectural planning and installation of capital 13 facilities, including but not limited to those required for 14 special education building projects provided for in Article 15 14 of The School Code, consisting of buildings, structures, 16 and durable equipment, and for the acquisition and 17 improvement of real property and interests in real property 18 required, or expected to be required, in connection 19 therewith. 20 (b) $22,550,000, or assomuch thereof as may be 21 necessary, for grants to school districts for the making of 22 principal and interest payments,required to be made,on 23 bonds issued by thosesuchschool districts after January 1, 24 1969, pursuant to any indenture, ordinance, resolution, 25 agreement or contract to provide funds for the acquisition, 26 development, construction, reconstruction, rehabilitation, 27 improvement, architectural planning and installation of 28 capital facilities consisting of buildings, structures, 29 durable equipment and land for educational purposes or for 30 lease payments required to be made by a school district for 31 principal and interest payments on bonds issued by a Public -2- LRB9005381THcw 1 Building Commission after January 1, 1969. 2 (c) $10,000,000 for grants to school districts for the 3 acquisition, development, construction, reconstruction, 4 rehabilitation, improvement, architectural planning and 5 installation of capital facilities consisting of buildings 6 structures, durable equipment and land for special education 7 building projects. 8 (d) $9,000,000 for grants to school districts for the 9 reconstruction, rehabilitation, improvement, financing and 10 architectural planning of capital facilities, including 11 construction at another location to replace such capital 12 facilities, consisting of those public school buildings and 13 temporary school facilities which, prior to January 1, 1984, 14 were condemned by the regional superintendent under Section 15 3-14.22 of The School Code or by any State official having 16 jurisdiction over building safety. 17 (Source: P.A. 84-1227.)