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90_HB2091sam001
BOB-GOBAsam1
1 AMENDMENT TO HOUSE BILL 2091
2 AMENDMENT NO. . Amend House Bill 2091, in the
3 Senate, by deleting the title and inserting in lieu thereof
4 the following:
5 "AN ACT to amend the General Obligation Bond Act."; and
6 by deleting everything after the enacting clause and
7 inserting in lieu thereof the following:
8 "Section 1. The General Obligation Bond Act is amended
9 by changing Sections 2, 3, 4, 6, and 12 as follows:
10 (30 ILCS 330/2) (from Ch. 127, par. 652)
11 Sec. 2. Authorization for Bonds. The State of Illinois
12 is authorized to issue, sell and provide for the retirement
13 of General Obligation Bonds of the State of Illinois in the
14 total amount of $10,895,296,392 $10,334,908,392 herein called
15 "Bonds".
16 Of the total amount of bonds authorized above, up to
17 $2,200,000,000 in aggregate original principal amount may be
18 issued and sold in accordance with the Baccalaureate Savings
19 Act in the form of General Obligation College Savings Bonds.
20 Of the total amount of bonds authorized above, up to
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1 $300,000,000 in aggregate original principal amount may be
2 issued and sold in accordance with the Retirement Savings Act
3 in the form of General Obligation Retirement Savings Bonds.
4 The issuance and sale of Bonds pursuant to the General
5 Obligation Bond Act is an economical and efficient method of
6 financing the capital needs of the State. This Act will
7 permit the issuance of a multi-purpose General Obligation
8 Bond with uniform terms and features. This will not only
9 lower the cost of registration but also reduce the overall
10 cost of issuing debt by improving the marketability of
11 Illinois General Obligation Bonds.
12 Bonds shall be issued for the categories and specific
13 purposes expressed in Sections 2 through 8 and Section 16 of
14 this Act.
15 (Source: P.A. 90-1, eff. 2-20-97; 90-8, eff. 12-8-97; 90-549,
16 eff. 12-8-97.)
17 (30 ILCS 330/3) (from Ch. 127, par. 653)
18 Sec. 3. Capital Facilities. The amount of $4,335,266,392
19 $3,846,083,392 is authorized to be used for the acquisition,
20 development, construction, reconstruction, improvement,
21 financing, architectural planning and installation of capital
22 facilities within the State, consisting of buildings,
23 structures, durable equipment, land, and interests in land
24 for the following specific purposes:
25 (a) $1,189,517,246 $1,032,672,246 for educational
26 purposes by State universities and colleges, the Illinois
27 Community College Board created by the Public Community
28 College Act and for grants to public community colleges as
29 authorized by Sections 5-11 and 5-12 of the Public Community
30 College Act;
31 (b) $1,126,370,168 $1,027,213,368 for correctional
32 purposes at State prison and correctional centers;
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1 (c) $379,711,786 $298,682,486 for open spaces,
2 recreational and conservation purposes and the protection of
3 land;
4 (d) $482,280,486 $451,215,486 for child care facilities,
5 mental and public health facilities, and facilities for the
6 care of disabled veterans and their spouses;
7 (e) 895,189,341 $809,568,641 for use by the State, its
8 departments, authorities, public corporations, commissions
9 and agencies;
10 (f) $818,100 for cargo handling facilities at port
11 districts and for breakwaters, including harbor entrances, at
12 port districts in conjunction with facilities for small boats
13 and pleasure crafts;
14 (g) $147,267,796 $137,672,796 for water resource
15 management projects;
16 (h) $16,940,269 for the provision of facilities for food
17 production research and related instructional and public
18 service activities at the State universities and public
19 community colleges;
20 (i) $34,000,000 for grants by the Secretary of State, as
21 State Librarian, for central library facilities authorized by
22 Section 8 of the Illinois Library System Act and for grants
23 by the Capital Development Board to units of local government
24 for public library facilities;
25 (j) $25,000,000 for the acquisition, development,
26 construction, reconstruction, improvement, financing,
27 architectural planning and installation of capital facilities
28 consisting of buildings, structures, durable equipment and
29 land for grants to counties, municipalities or public
30 building commissions with correctional facilities that do not
31 comply with the minimum standards of the Department of
32 Corrections under Section 3-15-2 of the Unified Code of
33 Corrections;
34 (k) $5,000,000 for grants in fiscal year 1988 by the
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1 Department of Conservation for improvement or expansion of
2 aquarium facilities located on property owned by a park
3 district; and
4 (l) $33,171,200 $7,300,000 to State agencies for grants
5 to local governments for the acquisition, financing,
6 architectural planning, development, alteration,
7 installation, and construction of capital facilities
8 consisting of buildings, structures, durable equipment, and
9 land.
10 The amounts authorized above for capital facilities may
11 be used for the acquisition, installation, alteration,
12 construction, or reconstruction of capital facilities and for
13 the purchase of equipment for the purpose of major capital
14 improvements which will reduce energy consumption in State
15 buildings or facilities.
16 (Source: P.A. 90-1, eff. 2-20-97; 90-8, eff. 12-8-97; 90-549,
17 eff. 12-8-97.)
18 (30 ILCS 330/4) (from Ch. 127, par. 654)
19 Sec. 4. Transportation. The amount of $2,484,270,000
20 $2,436,800,000 is authorized for use by the Department of
21 Transportation for the specific purpose of promoting and
22 assuring rapid, efficient, and safe highway, air and mass
23 transportation for the inhabitants of the State by providing
24 monies, including the making of grants and loans, for the
25 acquisition, construction, reconstruction, extension and
26 improvement of the following transportation facilities and
27 equipment, and for the acquisition of real property and
28 interests in real property required or expected to be
29 required in connection therewith as follows:
30 (a) $1,411,000,000 for State highways, arterial
31 highways, freeways, roads, bridges, structures separating
32 highways and railroads and roads, and bridges on roads
33 maintained by counties, municipalities, townships or road
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1 districts for the following specific purposes:
2 (1) $1,310,000,000 for use statewide,
3 (2) $3,641,000 for use outside the Chicago
4 urbanized area,
5 (3) $7,543,000 for use within the Chicago urbanized
6 area,
7 (4) $13,060,600 for use within the City of Chicago,
8 (5) $57,894,500 for use within the counties of
9 Cook, DuPage, Kane, Lake, McHenry and Will, and
10 (6) $18,860,900 for use outside the counties of
11 Cook, DuPage, Kane, Lake, McHenry and Will.
12 (b) $883,270,000 $835,800,000 for mass transit
13 facilities, as defined in Section 49.19 of the Civil
14 Administrative Code of Illinois, including rapid transit,
15 rail, bus and other equipment used in connection therewith by
16 the State or any unit of local government, special
17 transportation district, municipal corporation or other
18 corporation or public authority authorized to provide and
19 promote public transportation within the State or two or more
20 of the foregoing jointly, for the following specific
21 purposes:
22 (1) $787,470,000 $740,000,000 statewide,
23 (2) $83,350,000 for use within the counties of
24 Cook, DuPage, Kane, Lake, McHenry and Will,
25 (3) $12,450,000 for use outside the counties of
26 Cook, DuPage, Kane, Lake, McHenry and Will.
27 (c) $190,000,000 for airport or aviation facilities and
28 any equipment used in connection therewith, including
29 engineering and land acquisition costs, by the State or any
30 unit of local government, special transportation district,
31 municipal corporation or other corporation or public
32 authority authorized to provide public transportation within
33 the State, or two or more of the foregoing acting jointly.
34 (Source: P.A. 89-235, eff. 8-4-95; 90-1, eff. 2-20-97; 90-8,
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1 eff. 12-8-97 (changed from 6-1-98 by P.A. 90-549).)
2 (30 ILCS 330/6) (from Ch. 127, par. 656)
3 Sec. 6. Anti-Pollution.
4 (a) The amount of $213,035,000 $189,300,000 is
5 authorized for allocation by the Environmental Protection
6 Agency for grants or loans to units of local government in
7 such amounts, at such times and for such purpose as the
8 Agency deems necessary or desirable for the planning,
9 financing, and construction of municipal sewage treatment
10 works and solid waste disposal facilities and for making of
11 deposits into the Water Revolving Fund and the U.S.
12 Environmental Protection Fund to provide assistance in
13 accordance with the provisions of Title IV-A of the
14 Environmental Protection Act.
15 (b) The amount of $160,500,000 is authorized for
16 allocation by the Environmental Protection Agency for payment
17 of claims submitted to the State and approved for payment
18 under the Leaking Underground Storage Tank Program
19 established in Title XVI of the Environmental Protection Act.
20 (Source: P.A. 90-1, eff. 2-20-97; 90-8, eff. 12-8-97; 90-549,
21 eff. 12-8-97.)
22 (30 ILCS 330/12) (from Ch. 127, par. 662)
23 Sec. 12. Allocation of Proceeds from Sale of Bonds.
24 (a) Proceeds from the sale of Bonds, authorized by
25 Section 3 of this Act, shall be deposited in the separate
26 fund known as the Capital Development Fund.
27 (b) Proceeds from the sale of Bonds, authorized by
28 paragraph (a) of Section 4 of this Act, shall be deposited in
29 the separate fund known as the Transportation Bond, Series A
30 Fund.
31 (c) Proceeds from the sale of Bonds, authorized by
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1 paragraphs (b) and (c) of Section 4 of this Act, shall be
2 deposited in the separate fund known as the Transportation
3 Bond, Series B Fund.
4 (d) Proceeds from the sale of Bonds, authorized by
5 Section 5 of this Act, shall be deposited in the separate
6 fund known as the School Construction Fund, except that
7 proceeds from the sale of the additional $1,100,000,000 of
8 bonds authorized in subsection (e) of Section 5 pursuant to
9 this amendatory Act of 1997 shall be deposited into the
10 School Infrastructure Fund.
11 (e) Proceeds from the sale of Bonds, authorized by
12 Section 6 of this Act, shall be deposited in the separate
13 fund known as the Anti-Pollution Fund.
14 (f) Proceeds from the sale of Bonds, authorized by
15 Section 7 of this Act, shall be deposited in the separate
16 fund known as the Coal Development Fund.
17 (g) Proceeds from the sale of Bonds, authorized by
18 Section 8 of this Act, shall be deposited in the Capital
19 Development Fund.
20 (h) Subsequent to the issuance of any Bonds for the
21 purposes described in Sections 2 through 8 of this Act, the
22 Governor and the Director of the Bureau of the Budget may
23 provide for the reallocation of unspent proceeds of such
24 Bonds to any other purposes authorized under said Sections of
25 this Act, subject to the limitations on aggregate principal
26 amounts contained therein. Upon any such reallocation, such
27 unspent proceeds shall be transferred to the appropriate
28 funds as determined by reference to paragraphs (a) through
29 (g) of this Section.
30 (Source: P.A. 90-549, eff. 12-8-97.)
31 Section 99. Effective date. This Act takes effect
32 immediately upon becoming law.".