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90_SB0866sam001
SRA90S0866MWcbam01
1 AMENDMENT TO SENATE BILL 866
2 AMENDMENT NO. . Amend Senate Bill 866, by replacing
3 the title with the following:
4 "AN ACT to amend the General Obligation Bond Act."; and
5 by replacing everything after the enacting clause with the
6 following:
7 "Section 1. The General Obligation Bond Act is amended
8 by changing Sections 2, 3, 4, 6, and 7.
9 (30 ILCS 330/2) (from Ch. 127, par. 652)
10 Sec. 2. Authorization for Bonds. The State of Illinois
11 is authorized to issue, sell and provide for the retirement
12 of General Obligation Bonds of the State of Illinois in the
13 total amount of $9,234,908,392 $8,805,508,392 herein called
14 "Bonds".
15 Of the total amount of bonds authorized above, up to
16 $2,200,000,000 in aggregate original principal amount may be
17 issued and sold in accordance with the Baccalaureate Savings
18 Act in the form of General Obligation College Savings Bonds.
19 Of the total amount of bonds authorized above, up to
20 $300,000,000 in aggregate original principal amount may be
21 issued and sold in accordance with the Retirement Savings Act
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1 in the form of General Obligation Retirement Savings Bonds.
2 The issuance and sale of Bonds pursuant to the General
3 Obligation Bond Act is an economical and efficient method of
4 financing the capital needs of the State. This Act will
5 permit the issuance of a multi-purpose General Obligation
6 Bond with uniform terms and features. This will not only
7 lower the cost of registration but also reduce the overall
8 cost of issuing debt by improving the marketability of
9 Illinois General Obligation Bonds.
10 Bonds shall be issued for the categories and specific
11 purposes expressed in Sections 2 through 8 and Section 16 of
12 this Act.
13 (Source: P.A. 90-1, eff. 2-20-97.)
14 (30 ILCS 330/3) (from Ch. 127, par. 653)
15 Sec. 3. Capital Facilities. The amount of $3,846,083,392
16 $3,487,283,392 is authorized to be used for the acquisition,
17 development, construction, reconstruction, improvement,
18 financing, architectural planning and installation of capital
19 facilities within the State, consisting of buildings,
20 structures, durable equipment, land, and interests in land
21 for the following specific purposes:
22 (a) $1,032,672,246 $905,272,246 for educational purposes
23 by State universities and colleges, the Illinois Community
24 College Board created by the Public Community College Act and
25 for grants to public community colleges as authorized by
26 Sections 5-11 and 5-12 of the Public Community College Act;
27 (b) $1,027,213,368 $898,113,368 for correctional
28 purposes at State prison and correctional centers;
29 (c) $298,682,486 $284,132,486 for open spaces,
30 recreational and conservation purposes and the protection of
31 land;
32 (d) $451,215,486 $415,165,486 for child care facilities,
33 mental and public health facilities, and facilities for the
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1 care of disabled veterans and their spouses;
2 (e) $809,568,641 $765,968,641 for use by the State, its
3 departments, authorities, public corporations, commissions
4 and agencies;
5 (f) $818,100 for cargo handling facilities at port
6 districts and for breakwaters, including harbor entrances, at
7 port districts in conjunction with facilities for small boats
8 and pleasure crafts;
9 (g) $137,672,796 $129,572,796 for water resource
10 management projects;
11 (h) $16,940,269 for the provision of facilities for food
12 production research and related instructional and public
13 service activities at the State universities and public
14 community colleges;
15 (i) $34,000,000 for grants by the Secretary of State, as
16 State Librarian, for central library facilities authorized by
17 Section 8 of the Illinois Library System Act and for grants
18 by the Capital Development Board to units of local government
19 for public library facilities;
20 (j) $25,000,000 for the acquisition, development,
21 construction, reconstruction, improvement, financing,
22 architectural planning and installation of capital facilities
23 consisting of buildings, structures, durable equipment and
24 land for grants to counties, municipalities or public
25 building commissions with correctional facilities that do not
26 comply with the minimum standards of the Department of
27 Corrections under Section 3-15-2 of the Unified Code of
28 Corrections;
29 (k) $5,000,000 for grants in fiscal year 1988 by the
30 Department of Conservation for improvement or expansion of
31 aquarium facilities located on property owned by a park
32 district; and
33 (l) $7,300,000 to State agencies for grants to local
34 governments for the acquisition, financing, architectural
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1 planning, development, alteration, installation, and
2 construction of capital facilities consisting of buildings,
3 structures, durable equipment, and land.
4 The amounts authorized above for capital facilities may
5 be used for the acquisition, installation, alteration,
6 construction, or reconstruction of capital facilities and for
7 the purchase of equipment for the purpose of major capital
8 improvements which will reduce energy consumption in State
9 buildings or facilities.
10 (Source: P.A. 90-1, eff. 2-20-97.)
11 (30 ILCS 330/4) (from Ch. 127, par. 654)
12 Sec. 4. Transportation. The amount of $2,436,800,000
13 $2,388,300,000 is authorized for use by the Department of
14 Transportation for the specific purpose of promoting and
15 assuring rapid, efficient, and safe highway, air and mass
16 transportation for the inhabitants of the State by providing
17 monies, including the making of grants and loans, for the
18 acquisition, construction, reconstruction, extension and
19 improvement of the following transportation facilities and
20 equipment, and for the acquisition of real property and
21 interests in real property required or expected to be
22 required in connection therewith as follows:
23 (a) $1,411,000,000 for State highways, arterial
24 highways, freeways, roads, bridges, structures separating
25 highways and railroads and roads, and bridges on roads
26 maintained by counties, municipalities, townships or road
27 districts for the following specific purposes:
28 (1) $1,310,000,000 for use statewide,
29 (2) $3,641,000 for use outside the Chicago
30 urbanized area,
31 (3) $7,543,000 for use within the Chicago urbanized
32 area,
33 (4) $13,060,600 for use within the City of Chicago,
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1 (5) $57,894,500 for use within the counties of
2 Cook, DuPage, Kane, Lake, McHenry and Will, and
3 (6) $18,860,900 for use outside the counties of
4 Cook, DuPage, Kane, Lake, McHenry and Will.
5 (b) $835,800,000 $787,300,000 for mass transit
6 facilities, as defined in Section 49.19 of the Civil
7 Administrative Code of Illinois, including rapid transit,
8 rail, bus and other equipment used in connection therewith by
9 the State or any unit of local government, special
10 transportation district, municipal corporation or other
11 corporation or public authority authorized to provide and
12 promote public transportation within the State or two or more
13 of the foregoing jointly, for the following specific
14 purposes:
15 (1) $740,000,000 $691,500,000 statewide,
16 (2) $83,350,000 for use within the counties of
17 Cook, DuPage, Kane, Lake, McHenry and Will,
18 (3) $12,450,000 for use outside the counties of
19 Cook, DuPage, Kane, Lake, McHenry and Will.
20 (c) $190,000,000 for airport or aviation facilities and
21 any equipment used in connection therewith, including
22 engineering and land acquisition costs, by the State or any
23 unit of local government, special transportation district,
24 municipal corporation or other corporation or public
25 authority authorized to provide public transportation within
26 the State, or two or more of the foregoing acting jointly.
27 (Source: P.A. 89-235, eff. 8-4-95; 90-1, eff. 2-20-97.)
28 (30 ILCS 330/6) (from Ch. 127, par. 656)
29 Sec. 6. Anti-Pollution.
30 (a) The amount of $189,300,000 $170,400,000 is
31 authorized for allocation by the Environmental Protection
32 Agency for grants or loans to units of local government in
33 such amounts, at such times and for such purpose as the
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1 Agency deems necessary or desirable for the planning,
2 financing, and construction of municipal sewage treatment
3 works and solid waste disposal facilities and for making of
4 deposits into the Water Pollution Control Revolving Fund to
5 provide assistance in accordance with the provisions of Title
6 IV-A of the Environmental Protection Act.
7 (b) The amount of $160,500,000 is authorized for
8 allocation by the Environmental Protection Agency for payment
9 of claims submitted to the State and approved for payment
10 under the Leaking Underground Storage Tank Program
11 established in Title XVI of the Environmental Protection Act.
12 (Source: P.A. 90-1, eff. 2-20-97.)
13 (30 ILCS 330/7) (from Ch. 127, par. 657)
14 Sec. 7. Coal and Energy Development. The amount of
15 $163,200,000 $160,000,000 is authorized to be used by the
16 Department of Commerce and Community Affairs for coal and
17 energy development purposes, pursuant to Sections 2, 3 and
18 3.1 of the Illinois Coal and Energy Development Bond Act. Of
19 this amount $115,000,000 is for the specific purposes of
20 acquisition, development, construction, reconstruction,
21 improvement, financing, architectural and technical planning
22 and installation of capital facilities consisting of
23 buildings, structures, durable equipment, and land for the
24 purpose of capital development of coal resources within the
25 State, $35,000,000 is for making a grant to the owner of a
26 generating station located in Illinois and having at least
27 three coal-fired generating units with accredited summer
28 capability greater than 500 megawatts each at such generating
29 station as provided in Section 6 of that Bond Act and
30 $13,200,000 $10,000,000 is for research, development and
31 demonstration of forms of energy other than that derived from
32 coal, either on or off State property.
33 (Source: P.A. 88-472; 89-445, eff. 2-7-96.)
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1 Section 2. This Act becomes effective immediately upon
2 becoming law.".