State of Illinois
92nd General Assembly

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[ Introduced ][ Engrossed ][ House Amendment 001 ]
[ House Amendment 002 ]




 1                    AMENDMENT TO SENATE BILL 1262

 2        AMENDMENT NO.     .  Amend Senate Bill 1262, by replacing
 3    the title with the following:

 4    "AN ACT concerning airport authorities."; and

 5    by replacing everything after the enacting  clause  with  the
 6    following:

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

 9        (70 ILCS 5/13.2 new)
10        Sec. 13.2. Capital improvement program and budget.   Each
11    airport  authority  organized  under  this  Act  may annually
12    prepare and update a 5-year capital improvement  program  and
13    yearly capital budgets based on the program.  The purposes of
14    the  program  are  to  (i)  inventory the airport authority's
15    capital assets, (ii) determine the match  between  needs  and
16    resources,   (iii)  plan  for  capital  investments  and  the
17    maintenance  of  existing  facilities,   (iv)   analyze   the
18    relationships   between  capital  maintenance  and  operating
19    spending, and (v) assist the airport authority  in  competing
20    for its fair share of State and federal moneys.
                            -2-           SRS92SB1262GHsaam01
 1        (70 ILCS 5/13.3 new)
 2        Sec.  13.3.  Appropriations for capital improvements.  An
 3    airport authority that has  prepared  a  capital  improvement
 4    program  under  Section 13.2 may, in its annual appropriation
 5    ordinance, appropriate an amount not  to  exceed  3%  of  the
 6    equalized  assessed  value of property subject to taxation by
 7    the airport authority for the  purpose  of  making  specified
 8    capital  improvements, acquisitions, repairs, or replacements
 9    of the airport authority's  real  property  or  equipment  or
10    tangible personal property.  The amount appropriated for that
11    purpose  shall  be deposited into a special fund known as the
12    Capital Program Fund.  Expenditures from the Capital  Program
13    Fund must be budgeted in the fiscal year in which the capital
14    improvement,  acquisition, repair, or replacement will occur.
15    If  any  surplus  moneys  remain  after  the  completion   or
16    abandonment  of any object for which the Capital Program Fund
17    was established, the moneys no longer necessary  for  capital
18    improvement,  acquisition,  repair,  or  replacement shall be
19    transferred into the airport  authority's  general  corporate
20    funds  on  the  first  day  of  the fiscal year following the
21    abandonment or completion of the project or the discovery  of
22    the surplus moneys.

23        Section 99.   Effective date.  This Act takes effect upon
24    becoming law."

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