92nd General Assembly
Status of SB2044
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Summary

   605 ILCS 10/14.1          from Ch. 121, par. 100-14.1                       
   605 ILCS 10/18            from Ch. 121, par. 100-18                         
   605 ILCS 10/23            from Ch. 121, par. 100-23                         
   605 ILCS 10/24            from Ch. 121, par. 100-24                         

        Amends the Toll Highway Act.  Provides that the  Act  constitutes      
   an  irrevocable  and  continuing appropriation from the Illinois State      
   Toll Highway Authority Fund for amounts to  pay  principal,  interest,      
   and  other  bond  expenses  and obligations (instead of the Fund being      
   considered always appropriated for the purposes of repayment  of  debt      
   service   and  other  bond  obligations).   Provides  that  all  other      
   expenses, including ordinary and contingent expenses, are  subject  to      
   annual  appropriation.   Provides that, before bonds may be issued for      
   or construction may be commenced on any new segment of  toll  highway,      
   the  issuance of bonds for or the commencement of construction of that      
   particular segment must be approved by law (rather than authorized  by      
   joint resolution of the General Assembly).   Provides that any general      
   increase  in  toll  rates  must have the prior approval of the General      
   Assembly by a three-fifths majority vote.   Provides  that  the  State      
   guarantees  payment  of  bonds issued before the effective date of the      
   amendatory Act, and requires the Authority to maintain a debt  service      
   fund  with  respect to revenue bonds outstanding on the effective date      
   of this amendatory Act.                                                     
   FEB-07-2002  S  FIRST READING                                                  
   FEB-07-2002  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary