Senate Sponsors: O'MALLEY. Short description: RIVERBOATS-BONDS-SCHOOLS Synopsis of Bill as introduced: Amends the Riverboat Gambling Act to provide for new and renewal license fees to be determined by public bid. Provides for licenses to remain in effect until revoked for good cause by the Board. Provides for license fees to be deposited into the Illinois Financial Stability and Responsibility Fund. Requires the Board to adopt rules to ensure that holders of owners licenses do not transact business with specified persons and entities. Amends the Illinois Vehicle Code to generally reduce fees to the level prior to Public Act 91-37. Amends the State Finance Act. Creates the Illinois Financial Stability and Responsibility Fund. Provides that moneys in the Fund are to be used as follows: first, to maintain certain funding levels at what they were before the reduction of fees under the Illinois Vehicle Code; second, to finance $5,282,551,200 in general obligation bonds issued pursuant to Public Act 91-39; third, to finance $754,470,000 in Build Illinois bonds issued pursuant to Public Act 91-39; fourth, to make $3,000,000,000 in school construction and maintenance grants under the School Construction Law; and fifth, for infrastructure improvements throughout the State. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status