State of Illinois
92nd General Assembly

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 1        AN ACT to amend the Build Illinois Bond Act.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The  Build  Illinois  Bond Act is amended by
 5    changing Sections 2 and 4 as follows:

 6        (30 ILCS 425/2) (from Ch. 127, par. 2802)
 7        Sec. 2.  Authorization for Bonds.  The State of  Illinois
 8    is  authorized  to issue, sell and provide for the retirement
 9    of limited obligation bonds, notes  and  other  evidences  of
10    indebtedness  of the State of Illinois in the total principal
11    amount  of  $3,685,715,000   $3,540,715,000   herein   called
12    "Bonds".   Such  authorized  amount of Bonds shall be reduced
13    from time to time by amounts, if any, which are equal to  the
14    moneys  received  by  the Department of Revenue in any fiscal
15    year pursuant to Section  3-1001  of  the  "Illinois  Vehicle
16    Code",  as  amended, in excess of the Annual Specified Amount
17    (as defined in Section 3 of the  "Retailers'  Occupation  Tax
18    Act",  as  amended) and transferred at the end of such fiscal
19    year from the General Revenue  Fund  to  the  Build  Illinois
20    Purposes  Fund  as  provided  in Section 3-1001 of said Code;
21    provided, however, that no such reduction  shall  affect  the
22    validity  or enforceability of any Bonds issued prior to such
23    reduction.   Such  amount  of  authorized  Bonds   shall   be
24    exclusive  of  any refunding Bonds issued pursuant to Section
25    15 of this Act and exclusive of any Bonds issued pursuant  to
26    this Section which are redeemed, purchased, advance refunded,
27    or  defeased in accordance with paragraph (f) of Section 4 of
28    this Act.  Bonds shall  be  issued  for  the  categories  and
29    specific purposes expressed in Section 4 of this Act.
30    (Source:  P.A.  91-39,  eff.  6-15-99;  91-53,  eff. 6-30-99;
31    91-709, eff. 5-17-00; 92-9, eff. 6-11-01.)
                            -2-                  BOB-BIBond03

 1        (30 ILCS 425/4) (from Ch. 127, par. 2804)
 2        Sec. 4. Purposes of Bonds.  Bonds shall be issued for the
 3    following purposes and in  the  approximate  amounts  as  set
 4    forth below:
 5        (a)  $2,432,454,000  $2,399,954,000  for  the expenses of
 6    issuance and sale of Bonds, including bond discounts, and for
 7    planning,     engineering,     acquisition,     construction,
 8    reconstruction, development, improvement and extension of the
 9    public infrastructure in the State  of  Illinois,  including:
10    the  making of loans or grants to local governments for waste
11    disposal systems, water and sewer line extensions  and  water
12    distribution  and  purification  facilities,  rail  or air or
13    water port improvements, gas and electric utility extensions,
14    publicly owned industrial  and  commercial  sites,  buildings
15    used  for  public  administration  purposes  and other public
16    infrastructure capital improvements; the making of  loans  or
17    grants  to  units  of  local  government  for  financing  and
18    construction   of   wastewater   facilities;  refinancing  or
19    retiring bonds issued between January 1, 1987 and January  1,
20    1990  by  home  rule municipalities, debt service on which is
21    provided from a tax imposed by home rule municipalities prior
22    to January 1, 1990 on the sale of food and drugs pursuant  to
23    Section   8-11-1   of  the  Home  Rule  Municipal  Retailers'
24    Occupation Tax  Act  or  Section  8-11-5  of  the  Home  Rule
25    Municipal  Service Occupation Tax Act; the making of deposits
26    not to exceed $70,000,000 in the  aggregate  into  the  Water
27    Pollution  Control  Revolving  Fund  to provide assistance in
28    accordance  with  the  provisions  of  Title  IV-A   of   the
29    Environmental  Protection  Act;  the  planning,  engineering,
30    acquisition,    construction,   reconstruction,   alteration,
31    expansion, extension and improvement  of  highways,  bridges,
32    structures  separating  highways  and  railroads, rest areas,
                            -3-                  BOB-BIBond03
 1    interchanges, access roads to and from  any  State  or  local
 2    highway  and  other transportation improvement projects which
 3    are related to economic development activities; the making of
 4    loans or grants for  planning,  engineering,  rehabilitation,
 5    improvement  or  construction of rail and transit facilities;
 6    the   planning,   engineering,   acquisition,   construction,
 7    reconstruction and improvement of watershed, drainage,  flood
 8    control,  recreation and related improvements and facilities,
 9    including expenses related to land and easement  acquisition,
10    relocation, control structures, channel work and clearing and
11    appurtenant  work;  the  making of grants for improvement and
12    development of  zoos  and  park  district  field  houses  and
13    related  structures; and the making of grants for improvement
14    and development of Navy Pier and related structures.
15        (b)  $186,301,500  $139,301,500  for  fostering  economic
16    development and increased employment and the  well  being  of
17    the citizens of Illinois, including: the making of grants for
18    improvement  and  development  of McCormick Place and related
19    structures;   the   planning   and    construction    of    a
20    microelectronics  research  center,  including  the planning,
21    engineering,  construction,   improvement,   renovation   and
22    acquisition  of  buildings,  equipment  and  related  utility
23    support  systems;  the  making  of  loans  to  businesses and
24    investments in small businesses;  acquiring  real  properties
25    for  industrial  or  commercial  site development; acquiring,
26    rehabilitating  and  reconveying  industrial  and  commercial
27    properties  for  the  purpose  of  expanding  employment  and
28    encouraging private and other public sector investment in the
29    economy of Illinois; the payment of expenses associated  with
30    siting    the   Superconducting   Super   Collider   Particle
31    Accelerator   in   Illinois   and   with   its   acquisition,
32    construction, maintenance, operation, promotion and  support;
33    the   making   of   loans   for  the  planning,  engineering,
34    acquisition,  construction,  improvement  and  conversion  of
                            -4-                  BOB-BIBond03
 1    facilities  and  equipment  which  will  foster  the  use  of
 2    Illinois coal; the payment of expenses  associated  with  the
 3    promotion,  establishment, acquisition and operation of small
 4    business  incubator  facilities  and  agribusiness   research
 5    facilities,   including   the  lease,  purchase,  renovation,
 6    planning,  engineering,  construction  and   maintenance   of
 7    buildings,  utility  support systems and equipment designated
 8    for such purposes and the establishment  and  maintenance  of
 9    centralized  support services within such facilities; and the
10    making of grants or loans to units of  local  government  for
11    Urban   Development  Action  Grant  and  Housing  Partnership
12    programs.
13        (c)  $916,808,600 $851,308,600 for  the  development  and
14    improvement   of   educational,   scientific,  technical  and
15    vocational programs  and  facilities  and  the  expansion  of
16    health  and  human  services  for  all  citizens of Illinois,
17    including: the making of construction and improvement  grants
18    and loans to public libraries and library systems; the making
19    of  grants  and  loans for planning, engineering, acquisition
20    and  construction  of  a  new  State   central   library   in
21    Springfield;   the  planning,  engineering,  acquisition  and
22    construction of an animal and dairy  sciences  facility;  the
23    planning,  engineering,  acquisition  and  construction  of a
24    campus and all related buildings, facilities,  equipment  and
25    materials  for  Richland  Community College; the acquisition,
26    rehabilitation and installation of  equipment  and  materials
27    for  scientific  and historical surveys; the making of grants
28    or loans for distribution to  eligible  vocational  education
29    instructional   programs  for  the  upgrading  of  vocational
30    education programs, school shops and laboratories,  including
31    the acquisition, rehabilitation and installation of technical
32    equipment  and  materials;  the making of grants or loans for
33    distribution to eligible local educational agencies  for  the
34    upgrading   of   math  and  science  instructional  programs,
                            -5-                  BOB-BIBond03
 1    including the  acquisition  of  instructional  equipment  and
 2    materials;    miscellaneous    capital    improvements    for
 3    universities  and  community colleges including the planning,
 4    engineering,   construction,   reconstruction,    remodeling,
 5    improvement,  repair  and  installation of capital facilities
 6    and  costs  of  planning,  supplies,  equipment,   materials,
 7    services,  and  all  other  required  expenses; the making of
 8    grants or loans  for  repair,  renovation  and  miscellaneous
 9    capital  improvements  for  privately  operated  colleges and
10    universities and community colleges, including the  planning,
11    engineering,   acquisition,   construction,   reconstruction,
12    remodeling,  improvement,  repair and installation of capital
13    facilities  and  costs  of  planning,  supplies,   equipment,
14    materials, services, and all other required expenses; and the
15    making   of   grants  or  loans  for  distribution  to  local
16    governments for hospital and  other  health  care  facilities
17    including    the    planning,    engineering,    acquisition,
18    construction, reconstruction, remodeling, improvement, repair
19    and installation of capital facilities and costs of planning,
20    supplies,   equipment,  materials,  services  and  all  other
21    required expenses.
22        (d)  $150,150,900    for    protection,     preservation,
23    restoration  and  conservation  of  environmental and natural
24    resources, including: the making of grants to soil and  water
25    conservation districts for the planning and implementation of
26    conservation  practices  and  for  funding contracts with the
27    Soil Conservation Service for watershed planning; the  making
28    of  grants  to  units  of  local  government  for the capital
29    development and improvement of  recreation  areas,  including
30    planning  and  engineering  costs,  sewer projects, including
31    planning and engineering costs and water projects,  including
32    planning  and  engineering  costs, and for the acquisition of
33    open space lands, including the acquisition of easements  and
34    other  property  interests of less than fee simple ownership;
                            -6-                  BOB-BIBond03
 1    the  acquisition  and  related  costs  and  development   and
 2    management of natural heritage lands, including natural areas
 3    and  areas  providing  habitat  for  endangered  species  and
 4    nongame  wildlife, and buffer area lands; the acquisition and
 5    related costs  and  development  and  management  of  habitat
 6    lands,  including  forest, wildlife habitat and wetlands; and
 7    the  removal  and  disposition   of   hazardous   substances,
 8    including   the   cost   of  project  management,  equipment,
 9    laboratory analysis, and contractual services  necessary  for
10    preventative   and   corrective   actions   related   to  the
11    preservation,   restoration   and   conservation    of    the
12    environment,  including deposits not to exceed $60,000,000 in
13    the  aggregate  into  the  Hazardous  Waste  Fund   and   the
14    Brownfields Redevelopment Fund for improvements in accordance
15    with the provisions of Titles V and XVII of the Environmental
16    Protection Act.
17        (e)  The  amount  specified  in paragraph (a) above shall
18    include an amount necessary to  pay  reasonable  expenses  of
19    each  issuance  and  sale  of  the Bonds, as specified in the
20    related Bond Sale Order (hereinafter defined).
21        (f)  Any unexpended proceeds from any sale of Bonds which
22    are held in the Build Illinois  Bond  Fund  may  be  used  to
23    redeem,  purchase,  advance  refund,  or  defease  any  Bonds
24    outstanding.
25    (Source:  P.A.  91-39,  eff.  6-15-99;  91-53,  eff. 6-30-99;
26    91-709, eff. 5-17-00; 92-9, eff. 6-11-01.)

27        Section 99.  Effective date.  This Act takes effect  upon
28    becoming law.

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