92nd General Assembly
Summary of SB1800
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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