State of Illinois
92nd General Assembly

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[ Introduced ][ Engrossed ][ House Amendment 001 ]
[ Senate Amendment 001 ]




 1                    AMENDMENT TO SENATE BILL 1262

 2        AMENDMENT NO.     .  Amend Senate Bill 1262, AS  AMENDED,
 3    by  replacing  everything  after the enacting clause with the
 4    following:

 5        "Section 5.  The Airport Authorities Act  is  amended  by
 6    adding Sections 13.2 and 13.3 as follows:

 7        (70 ILCS 5/13.2 new)
 8        Sec.  13.2. Capital improvement program and budget.  Each
 9    airport authority  organized  under  this  Act  may  annually
10    prepare  and  update a 5-year capital improvement program and
11    yearly capital budgets based on the program.  The purposes of
12    the program are to  (i)  inventory  the  airport  authority's
13    capital  assets,  (ii)  determine the match between needs and
14    resources,  (iii)  plan  for  capital  investments  and   the
15    maintenance   of   existing   facilities,  (iv)  analyze  the
16    relationships  between  capital  maintenance  and   operating
17    spending,  and  (v) assist the airport authority in competing
18    for its fair share of State and federal moneys.

19        (70 ILCS 5/13.3 new)
20        Sec. 13.3. Appropriations for capital  improvements.   An
21    airport  authority  that  has  prepared a capital improvement
                            -2-            LRB9208557MWpkam04
 1    program under Section 13.2 may, in its  annual  appropriation
 2    ordinance,  appropriate  an  amount  not  to exceed 3% of the
 3    equalized assessed value of property subject to  taxation  by
 4    the  airport  authority  for  the purpose of making specified
 5    capital improvements, acquisitions, repairs, or  replacements
 6    of  the  airport  authority's  real  property or equipment or
 7    tangible personal property.  The amount appropriated for that
 8    purpose may be deposited into a special  fund  known  as  the
 9    Capital  Program Fund.  Expenditures from the Capital Program
10    Fund must be budgeted in the fiscal year in which the capital
11    improvement, acquisition, repair, or replacement will  occur.
12    If   any  surplus  moneys  remain  after  the  completion  or
13    abandonment of any object for which the Capital Program  Fund
14    was  established,  the moneys no longer necessary for capital
15    improvement,  acquisition,  repair,  or  replacement  may  be
16    transferred into the airport  authority's  general  corporate
17    funds  on  the  first  day  of  the fiscal year following the
18    abandonment or completion of the project or the discovery  of
19    the surplus moneys.

20        Section 99.   Effective date.  This Act takes effect upon
21    becoming law.".

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