Public Act 095-0708
 
HB0656 Re-Enrolled LRB095 04786 DRH 24846 b

    AN ACT concerning transportation.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois State Auditing Act is amended by
adding Section 3-2.3 as follows:
 
    (30 ILCS 5/3-2.3 new)
    Sec. 3-2.3. Report on Chicago Transit Authority.
    (a) No less than 60 days prior to the issuance of bonds or
notes by the Chicago Transit Authority (referred to as the
"Authority" in this Section) pursuant to Section 12c of the
Metropolitan Transit Authority Act, the following
documentation shall be submitted to the Auditor General and the
Regional Transportation Authority:
        (1) Retirement Plan Documentation. The Authority shall
    submit a certification that:
            (A) it is legally authorized to issue the bonds or
        notes;
            (B) scheduled annual payments of principal and
        interest on the bonds and notes to be issued meet the
        requirements of Section 12c(b)(5) of the Metropolitan
        Transit Authority Act;
            (C) no bond or note shall mature later than
        December 31, 2040;
            (D) after payment of costs of issuance and
        necessary deposits to funds and accounts established
        with respect to debt service on the bonds or notes, the
        net bond and note proceeds (exclusive of any proceeds
        to be used to refund outstanding bonds or notes) will
        be deposited in the Retirement Plan for Chicago Transit
        Authority Employees and used only for the purposes
        required by Section 22-101 of the Illinois Pension
        Code; and
            (E) it has entered into an intergovernmental
        agreement with the City of Chicago under which the City
        of Chicago will provide financial assistance to the
        Authority in an amount equal to the net receipts, after
        fees for costs of collection, from a tax on the
        privilege of transferring title to real estate in the
        City of Chicago in an amount up to $1.50 per $500 of
        value or fraction thereof under the provisions of
        Section 8-3-19 of the Illinois Municipal Code, which
        agreement shall be for a term expiring no earlier than
        the final maturity of bonds or notes that it proposes
        to issue under Section 12c of the Metropolitan Transit
        Authority Act.
        (2) The Board of Trustees of the Retirement Plan for
    Chicago Transit Authority Employees shall submit a
    certification that the Retirement Plan for Chicago Transit
    Authority Employees is operating in accordance with all
    applicable legal and contractual requirements, including
    the following:
            (A) the members of a new Board of Trustees have
        been appointed according to the requirements of
        Section 22-101(b) of the Illinois Pension Code; and
            (B) contribution levels for employees and the
        Authority have been established according to the
        requirements of Section 22-101(d) of the Illinois
        Pension Code.
        (3) Actuarial Report. The Board of Trustees of the
    Retirement Plan for Chicago Transit Authority Employees
    shall submit an actuarial report prepared by an enrolled
    actuary setting forth:
            (A) the method of valuation and the underlying
        assumptions;
            (B) a comparison of the debt service schedules of
        the bonds or notes proposed to be issued to the
        Retirement Plan's current unfunded actuarial accrued
        liability amortization schedule, as required by
        Section 22-101(e) of the Illinois Pension Code, using
        the projected interest cost of the bond or note issue
        as the discount rate to calculate the estimated net
        present value savings;
            (C) the amount of the estimated net present value
        savings comparing the true interest cost of the bonds
        or notes with the actuarial investment return
        assumption of the Retirement Plan; and
            (D) a certification that the net proceeds of the
        bonds or notes, together with anticipated earnings on
        contributions and deposits, will be sufficient to
        reasonably conclude on an actuarial basis that the
        total retirement assets of the Retirement Plan will not
        be less than 90% of its liabilities by the end of
        fiscal year 2059.
        (4) The Authority shall submit a financial analysis
    prepared by an independent advisor. The financial analysis
    must include a determination that the issuance of bonds is
    in the best interest of the Retirement Plan for Chicago
    Transit Authority Employees and the Chicago Transit
    Authority. The independent advisor shall not act as
    underwriter or receive a legal, consulting, or other fee
    related to the issuance of any bond or notes issued by the
    Authority pursuant to Section 12c of the Metropolitan
    Transit Authority Act except compensation due for the
    preparation of the financial analysis.
        (5) Retiree Health Care Trust Documentation. The
    Authority shall submit a certification that:
            (A) it is legally authorized to issue the bonds or
        notes;
            (B) scheduled annual payments of principal and
        interest on the bonds and notes to be issued meets the
        requirements of Section 12c(b)(5) of the Metropolitan
        Transit Authority Act;
            (C) no bond or note shall mature later than
        December 31, 2040;
            (D) after payment of costs of issuance and
        necessary deposits to funds and accounts established
        with respect to debt service on the bonds or notes, the
        net bond and note proceeds (exclusive of any proceeds
        to be used to refund outstanding bonds or notes) will
        be deposited in the Retiree Health Care Trust and used
        only for the purposes required by Section 22-101B of
        the Illinois Pension Code; and
            (E) it has entered into an intergovernmental
        agreement with the City of Chicago under which the City
        of Chicago will provide financial assistance to the
        Authority in an amount equal to the net receipts, after
        fees for costs of collection, from a tax on the
        privilege of transferring title to real estate in the
        City of Chicago in an amount up to $1.50 per $500 of
        value or fraction thereof under the provisions of
        Section 8-3-19 of the Illinois Municipal Code, which
        agreement shall be for a term expiring no earlier than
        the final maturity of bonds or notes that it proposes
        to issue under Section 12c of the Metropolitan Transit
        Authority Act.
        (6) The Board of Trustees of the Retiree Health Care
    Trust shall submit a certification that the Retiree Health
    Care Trust has been established in accordance with all
    applicable legal requirements, including the following:
            (A) the Retiree Health Care Trust has been
        established and a Trust document is in effect to govern
        the Retiree Health Care Trust;
            (B) the members of the Board of Trustees of the
        Retiree Health Care Trust have been appointed
        according to the requirements of Section 22-101B(b)(1)
        of the Illinois Pension Code;
            (C) a health care benefit program for eligible
        retirees and their dependents and survivors has been
        established by the Board of Trustees according to the
        requirements of Section 22-101B(b)(2) of the Illinois
        Pension Code;
            (D) contribution levels have been established for
        retirees, dependents and survivors according to the
        requirements of Section 22-101B(b)(5) of the Illinois
        Pension Code; and
            (E) contribution levels have been established for
        employees of the Authority according to the
        requirements of Section 22-101B(b)(6) of the Illinois
        Pension Code.
        (7) Actuarial Report. The Board of Trustees of the
    Retiree Health Care Trust shall submit an actuarial report
    prepared by an enrolled actuary setting forth:
            (A) the method of valuation and the underlying
        assumptions;
            (B) a comparison of the projected interest cost of
        the bonds or notes proposed to be issued with the
        actuarial investment return assumption of the Retiree
        Health Care Trust; and
            (C) a certification that the net proceeds of the
        bonds or notes, together with anticipated earnings on
        contributions and deposits, will be sufficient to
        adequately fund the actuarial present value of
        projected benefits expected to be paid under the
        Retiree Health Care Trust, or a certification of the
        increases in contribution levels and decreases in
        benefit levels that would be required in order to cure
        any funding shortfall over a period of not more than 10
        years.
        (8) The Authority shall submit a financial analysis
    prepared by an independent advisor. The financial analysis
    must include a determination that the issuance of bonds is
    in the best interest of the Retiree Health Care Trust and
    the Chicago Transit Authority. The independent advisor
    shall not act as underwriter or receive a legal,
    consulting, or other fee related to the issuance of any
    bond or notes issued by the Authority pursuant to Section
    12c of the Metropolitan Transit Authority Act except
    compensation due for the preparation of the financial
    analysis.
    (b) The Auditor General shall examine the information
submitted pursuant to Section 3-2.3(a)(1) through (4) and
submit a report to the General Assembly, the Legislative Audit
Commission, the Governor, the Regional Transportation
Authority and the Authority indicating whether (i) the required
certifications by the Authority and the Board of Trustees of
the Retirement Plan have been made, and (ii) the actuarial
reports have been provided, the reports include all required
information, the assumptions underlying those reports are not
unreasonable in the aggregate, and the reports appear to comply
with all pertinent professional standards, including those
issued by the Actuarial Standards Board. The Auditor General
shall submit such report no later than 60 days after receiving
the information required to be submitted by the Authority and
the Board of Trustees of the Retirement Plan. Any bonds or
notes issued by the Authority under item (1) of subsection (b)
of Section 12c of the Metropolitan Transit Authority Act shall
be issued within 120 days after receiving such report from the
Auditor General. The Authority may not issue bonds or notes
until it receives the report from the Auditor General
indicating the above requirements have been met.
    (c) The Auditor General shall examine the information
submitted pursuant to Section 3-2.3(a)(5) through (8) and
submit a report to the General Assembly, the Legislative Audit
Commission, the Governor, the Regional Transportation
Authority and the Authority indicating whether (i) the required
certifications by the Authority and the Board of Trustees of
the Retiree Health Care Trust have been made, and (ii) the
actuarial reports have been provided, the reports include all
required information, the assumptions underlying those reports
are not unreasonable in the aggregate, and the reports appear
to comply with all pertinent professional standards, including
those issued by the Actuarial Standards Board. The Auditor
General shall submit such report no later than 60 days after
receiving the information required to be submitted by the
Authority and the Board of Trustees of the Retiree Health Care
Trust. Any bonds or notes issued by the Authority under item
(2) of subsection (b) of Section 12c of the Metropolitan
Transit Authority Act shall be issued within 120 days after
receiving such report from the Auditor General. The Authority
may not issue bonds or notes until it receives a report from
the Auditor General indicating the above requirements have been
met.
    (d) In fulfilling this duty, after receiving the
information submitted pursuant to Section 3-2.3(a), the
Auditor General may request additional information and support
pertaining to the data and conclusions contained in the
submitted documents and the Authority, the Board of Trustees of
the Retirement Plan and the Board of Trustees of the Retiree
Health Care Trust shall cooperate with the Auditor General and
provide additional information as requested in a timely manner.
The Auditor General may also request from the Regional
Transportation Authority an analysis of the information
submitted by the Authority relating to the sources of funds to
be utilized for payment of the proposed bonds or notes of the
Authority. The Auditor General's report shall not be in the
nature of a post-audit or examination and shall not lead to the
issuance of an opinion as that term is defined in generally
accepted government auditing standards.
    (e) Annual Retirement Plan Submission to Auditor General.
The Board of Trustees of the Retirement Plan for Chicago
Transit Authority Employees established by Section 22-101 of
the Illinois Pension Code shall provide the following documents
to the Auditor General annually no later than September 30:
        (1) the most recent audit or examination of the
    Retirement Plan;
        (2) an annual statement containing the information
    specified in Section 1A-109 of the Illinois Pension Code;
    and
        (3) a complete actuarial statement applicable to the
    prior plan year, which may be the annual report of an
    enrolled actuary retained by the Retirement Plan specified
    in Section 22-101(e) of the Illinois Pension Code.
    The Auditor General shall annually examine the information
provided pursuant to this subsection and shall submit a report
of the analysis thereof to the General Assembly, including the
report specified in Section 22-101(e) of the Illinois Pension
Code.
    (f) The Auditor General shall annually examine the
information submitted pursuant to Section 22-101B(b)(3)(iii)
of the Illinois Pension Code and shall prepare the
determination specified in Section 22-101B(b)(3)(iv) of the
Illinois Pension Code.
    (g) In fulfilling the duties under Sections 3-2.3(e) and
(f) the Auditor General may request additional information and
support pertaining to the data and conclusions contained in the
submitted documents and the Authority, the Board of Trustees of
the Retirement Plan and the Board of Trustees of the Retiree
Health Care Trust shall cooperate with the Auditor General and
provide additional information as requested in a timely manner.
The Auditor General's review shall not be in the nature of a
post-audit or examination and shall not lead to the issuance of
an opinion as that term is defined in generally accepted
government auditing standards. Upon request of the Auditor
General, the Commission on Government Forecasting and
Accountability and the Public Pension Division of the Illinois
Department of Financial and Professional Regulation shall
cooperate with and assist the Auditor General in the conduct of
his review.
    (h) The Auditor General shall submit a bill to the
Authority for costs associated with the examinations and
reports specified in subsections (b) and (c) of this Section
3-2.3, which the Authority shall reimburse in a timely manner.
The costs associated with the examinations and reports which
are reimbursed by the Authority shall constitute a cost of
issuance of the bonds or notes under Section 12c(b)(1) and (2)
of the Metropolitan Transit Authority Act. The amount received
shall be deposited into the fund or funds from which such costs
were paid by the Auditor General. The Auditor General shall
submit a bill to the Retirement Plan for Chicago Transit
Authority Employees for costs associated with the examinations
and reports specified in subsection (e) of this Section, which
the Retirement Plan for Chicago Transit Authority Employees
shall reimburse in a timely manner. The amount received shall
be deposited into the fund or funds from which such costs were
paid by the Auditor General. The Auditor General shall submit a
bill to the Retiree Health Care Trust for costs associated with
the determination specified in subsection (f) of this Section,
which the Retiree Health Care Trust shall reimburse in a timely
manner. The amount received shall be deposited into the fund or
funds from which such costs were paid by the Auditor General.
 
    Section 6. The State Finance Act is amended by adding
Section 5.708 and by changing Section 6z-17 as follows:
 
    (30 ILCS 105/5.708 new)
    Sec. 5.708. The Downstate Transit Improvement Fund.
 
    (30 ILCS 105/6z-17)  (from Ch. 127, par. 142z-17)
    Sec. 6z-17. Of the money paid into the State and Local
Sales Tax Reform Fund: (i) subject to appropriation to the
Department of Revenue, Municipalities having 1,000,000 or more
inhabitants shall receive 20% and may expend such amount to
fund and establish a program for developing and coordinating
public and private resources targeted to meet the affordable
housing needs of low-income and very low-income households
within such municipality, (ii) 10% shall be transferred into
the Regional Transportation Authority Occupation and Use Tax
Replacement Fund, a special fund in the State treasury which is
hereby created, (iii) subject to appropriation to the
Department of Transportation, The Madison County Metro East
Mass Transit District shall receive .6%, (iv) the following
amounts, plus any cumulative deficiency in such transfers for
prior months, shall be transferred monthly into the Build
Illinois Fund and credited to the Build Illinois Bond Account
therein:
Fiscal YearAmount
1990$2,700,000
19911,850,000
19922,750,000
19932,950,000
    From Fiscal Year 1994 through Fiscal Year 2025 the transfer
shall total $3,150,000 monthly, plus any cumulative deficiency
in such transfers for prior months, and (v) the remainder of
the money paid into the State and Local Sales Tax Reform Fund
shall be transferred into the Local Government Distributive
Fund and, except for municipalities with 1,000,000 or more
inhabitants which shall receive no portion of such remainder,
shall be distributed, subject to appropriation, in the manner
provided by Section 2 of "An Act in relation to State revenue
sharing with local government entities", approved July 31,
1969, as now or hereafter amended. Municipalities with more
than 50,000 inhabitants according to the 1980 U.S. Census and
located within the Metro East Mass Transit District receiving
funds pursuant to provision (v) of this paragraph may expend
such amounts to fund and establish a program for developing and
coordinating public and private resources targeted to meet the
affordable housing needs of low-income and very low-income
households within such municipality.
(Source: P.A. 91-51, eff. 6-30-99.)
 
    Section 7. The Downstate Public Transportation Act is
amended by changing Sections 2-2.04, 2-3, 2-6, 2-7, and 2-15
and by adding Section 2-15.2 as follows:
 
    (30 ILCS 740/2-2.04)  (from Ch. 111 2/3, par. 662.04)
    Sec. 2-2.04. "Eligible operating expenses" means all
expenses required for public transportation, including
employee wages and benefits, materials, fuels, supplies,
rental of facilities, taxes other than income taxes, payment
made for debt service (including principal and interest) on
publicly owned equipment or facilities, and any other
expenditure which is an operating expense according to standard
accounting practices for the providing of public
transportation. Eligible operating expenses shall not include
allowances: (a) for depreciation whether funded or unfunded;
(b) for amortization of any intangible costs; (c) for debt
service on capital acquired with the assistance of capital
grant funds provided by the State of Illinois; (d) for profits
or return on investment; (e) for excessive payment to
associated entities; (f) for Comprehensive Employment Training
Act expenses; (g) for costs reimbursed under Sections 6 and 8
of the "Urban Mass Transportation Act of 1964", as amended; (h)
for entertainment expenses; (i) for charter expenses; (j) for
fines and penalties; (k) for charitable donations; (l) for
interest expense on long term borrowing and debt retirement
other than on publicly owned equipment or facilities; (m) for
income taxes; or (n) for such other expenses as the Department
may determine consistent with federal Department of
Transportation regulations or requirements. In consultation
with participants, the Department shall, by October 2008,
promulgate or update rules, pursuant to the Illinois
Administrative Procedure Act, concerning eligible expenses to
ensure consistent application of the Act, and the Department
shall provide written copies of those rules to all eligible
recipients. The Department shall review this process in the
same manner no less frequently than every 5 years.
    With respect to participants other than any Metro-East
Transit District participant and those receiving federal
research development and demonstration funds pursuant to
Section 6 of the "Urban Mass Transportation Act of 1964", as
amended, during the fiscal year ending June 30, 1979, the
maximum eligible operating expenses for any such participant in
any fiscal year after Fiscal Year 1980 shall be the amount
appropriated for such participant for the fiscal year ending
June 30, 1980, plus in each year a 10% increase over the
maximum established for the preceding fiscal year. For Fiscal
Year 1980 the maximum eligible operating expenses for any such
participant shall be the amount of projected operating expenses
upon which the appropriation for such participant for Fiscal
Year 1980 is based.
    With respect to participants receiving federal research
development and demonstration operating assistance funds for
operating assistance pursuant to Section 6 of the "Urban Mass
Transportation Act of 1964", as amended, during the fiscal year
ending June 30, 1979, the maximum eligible operating expenses
for any such participant in any fiscal year after Fiscal Year
1980 shall not exceed such participant's eligible operating
expenses for the fiscal year ending June 30, 1980, plus in each
year a 10% increase over the maximum established for the
preceding fiscal year. For Fiscal Year 1980, the maximum
eligible operating expenses for any such participant shall be
the eligible operating expenses incurred during such fiscal
year, or projected operating expenses upon which the
appropriation for such participant for the Fiscal Year 1980 is
based; whichever is less.
    With respect to all participants other than any Metro-East
Transit District participant, the maximum eligible operating
expenses for any such participant in any fiscal year after
Fiscal Year 1985 (except Fiscal Year 2008 and Fiscal Year 2009)
shall be the amount appropriated for such participant for the
fiscal year ending June 30, 1985, plus in each year a 10%
increase over the maximum established for the preceding year.
For Fiscal Year 1985, the maximum eligible operating expenses
for any such participant shall be the amount of projected
operating expenses upon which the appropriation for such
participant for Fiscal Year 1985 is based.
    With respect to any mass transit district participant that
has increased its district boundaries by annexing counties
since 1998 and is maintaining a level of local financial
support, including all income and revenues, equal to or greater
than the level in the State fiscal year ending June 30, 2001,
the maximum eligible operating expenses for any State fiscal
year after 2002 (except State fiscal years year 2006 through
2009) shall be the amount appropriated for that participant for
the State fiscal year ending June 30, 2002, plus, in each State
fiscal year, a 10% increase over the preceding State fiscal
year. For State fiscal year 2002, the maximum eligible
operating expenses for any such participant shall be the amount
of projected operating expenses upon which the appropriation
for that participant for State fiscal year 2002 is based. For
that participant, eligible operating expenses for State fiscal
year 2002 in excess of the eligible operating expenses for the
State fiscal year ending June 30, 2001, plus 10%, must be
attributed to the provision of services in the newly annexed
counties.
    With respect to a participant that receives an initial
appropriation in State fiscal year 2002 or thereafter, the
maximum eligible operating expenses for any State fiscal year
after 2003 (except State fiscal years year 2006 through 2009)
shall be the amount appropriated for that participant for the
State fiscal year in which it received its initial
appropriation, plus, in each year, a 10% increase over the
preceding year. For the initial State fiscal year in which a
participant received an appropriation, the maximum eligible
operating expenses for any such participant shall be the amount
of projected operating expenses upon which the appropriation
for that participant for that State fiscal year is based.
    With respect to the District serving primarily the counties
of Monroe and St. Clair, beginning July 1, 2005, the St. Clair
County Transit District shall no longer be included for new
appropriation funding purposes as part of the Metro-East Public
Transportation Fund and instead shall be included for new
appropriation funding purposes as part of the Downstate Public
Transportation Fund; provided, however, that nothing herein
shall alter the eligibility of that District for previously
appropriated funds to which it would otherwise be entitled.
    With respect to the District serving primarily Madison
County, beginning July 1, 2008, the Madison County Transit
District shall no longer be included for new appropriation
funding purposes as part of the Metro-East Public
Transportation Fund and instead shall be included for new
appropriation funding purposes as part of the Downstate Public
Transportation Fund; provided, however, that nothing herein
shall alter the eligibility of that District for previously
appropriated funds to which it would otherwise be entitled.
    With respect to the fiscal year beginning July 1, 2007, and
thereafter, the following shall be included for new
appropriation funding purposes as part of the Downstate Public
Transportation Fund: Bond County; Bureau County; Coles County;
Edgar County; Stephenson County and the City of Freeport; Henry
County; Jo Daviess County; Kankakee and McLean Counties; Peoria
County; Piatt County; Shelby County; Tazewell and Woodford
Counties; Vermilion County; Williamson County; and Kendall
County.
(Source: P.A. 94-70, eff. 6-22-05.)
 
    (30 ILCS 740/2-3)  (from Ch. 111 2/3, par. 663)
    Sec. 2-3. (a) As soon as possible after the first day of
each month, beginning July 1, 1984, upon certification of the
Department of Revenue, the Comptroller shall order
transferred, and the Treasurer shall transfer, from the General
Revenue Fund to a special fund in the State Treasury which is
hereby created, to be known as the "Downstate Public
Transportation Fund", an amount equal to 2/32 (beginning July
1, 2005, 3/32) of the net revenue realized from the "Retailers'
Occupation Tax Act", as now or hereafter amended, the "Service
Occupation Tax Act", as now or hereafter amended, the "Use Tax
Act", as now or hereafter amended, and the "Service Use Tax
Act", as now or hereafter amended, from persons incurring
municipal or county retailers' or service occupation tax
liability for the benefit of any municipality or county located
wholly within the boundaries of each participant other than any
Metro-East Transit District participant certified pursuant to
subsection (c) of this Section during the preceding month,
except that the Department shall pay into the Downstate Public
Transportation Fund 2/32 (beginning July 1, 2005, 3/32) of 80%
of the net revenue realized under the State tax Acts named
above within any municipality or county located wholly within
the boundaries of each participant, other than any Metro-East
participant, for tax periods beginning on or after January 1,
1990; provided, however, that beginning with fiscal year 1985,
the transfers into the Downstate Public Transportation Fund
during any fiscal year shall not exceed the annual
appropriation from the Downstate Public Transportation Fund
for that year. The Department of Transportation shall notify
the Department of Revenue and the Comptroller at the beginning
of each fiscal year of the amount of the annual appropriation
from the Downstate Public Transportation Fund. Net revenue
realized for a month shall be the revenue collected by the
State pursuant to such Acts during the previous month from
persons incurring municipal or county retailers' or service
occupation tax liability for the benefit of any municipality or
county located wholly within the boundaries of a participant,
less the amount paid out during that same month as refunds or
credit memoranda to taxpayers for overpayment of liability
under such Acts for the benefit of any municipality or county
located wholly within the boundaries of a participant.
    (b) As soon as possible after the first day of each month,
beginning July 1, 1989, upon certification of the Department of
Revenue, the Comptroller shall order transferred, and the
Treasurer shall transfer, from the General Revenue Fund to a
special fund in the State Treasury which is hereby created, to
be known as the "Metro-East Public Transportation Fund", an
amount equal to 2/32 of the net revenue realized, as above,
from within the boundaries of Madison, Monroe, and St. Clair
Counties, except that the Department shall pay into the
Metro-East Public Transportation Fund 2/32 of 80% of the net
revenue realized under the State tax Acts specified in
subsection (a) of this Section within the boundaries of
Madison, Monroe and St. Clair Counties for tax periods
beginning on or after January 1, 1990. A local match equivalent
to an amount which could be raised by a tax levy at the rate of
.05% on the assessed value of property within the boundaries of
Madison County is required annually to cause a total of 2/32 of
the net revenue to be deposited in the Metro-East Public
Transportation Fund. Failure to raise the required local match
annually shall result in only 1/32 being deposited into the
Metro-East Public Transportation Fund after July 1, 1989, or
1/32 of 80% of the net revenue realized for tax periods
beginning on or after January 1, 1990.
    (b-5) As soon as possible after the first day of each
month, beginning July 1, 2005, upon certification of the
Department of Revenue, the Comptroller shall order
transferred, and the Treasurer shall transfer, from the General
Revenue Fund to the Downstate Public Transportation Fund, an
amount equal to 3/32 of 80% of the net revenue realized from
within the boundaries of Monroe and St. Clair Counties under
the State Tax Acts specified in subsection (a) of this Section
and provided further that, beginning July 1, 2005, the
provisions of subsection (b) shall no longer apply with respect
to such tax receipts from Monroe and St. Clair Counties.
    (b-6) As soon as possible after the first day of each
month, beginning July 1, 2008, upon certification by the
Department of Revenue, the Comptroller shall order transferred
and the Treasurer shall transfer, from the General Revenue Fund
to the Downstate Public Transportation Fund, an amount equal to
3/32 of 80% of the net revenue realized from within the
boundaries of Madison County under the State Tax Acts specified
in subsection (a) of this Section and provided further that,
beginning July 1, 2008, the provisions of subsection (b) shall
no longer apply with respect to such tax receipts from Madison
County.
    (c) The Department shall certify to the Department of
Revenue the eligible participants under this Article and the
territorial boundaries of such participants for the purposes of
the Department of Revenue in subsections (a) and (b) of this
Section.
    (d) For the purposes of this Article, beginning in fiscal
year 2009 the General Assembly shall appropriate the Department
shall include in its annual request for appropriation of
ordinary and contingent expenses an amount from the Downstate
Public Transportation Fund equal to the sum total funds
projected to be paid to the participants pursuant to Section
2-7. If the General Assembly fails to make appropriations
sufficient to cover the amounts projected to be paid pursuant
to Section 2-7, this Act shall constitute an irrevocable and
continuing appropriation from the Downstate Public
Transportation Fund of all amounts necessary for those
purposes.
    (e) In addition to any other permitted use of moneys in the
Fund, and notwithstanding any restriction on the use of the
Fund, moneys in the Downstate Public Transportation Fund may be
transferred to the General Revenue Fund as authorized by Public
Act 87-14. The General Assembly finds that an excess of moneys
existed in the Fund on July 30, 1991, and the Governor's order
of July 30, 1991, and the Governor's order of July 30, 1991,
requesting the Comptroller and Treasurer to transfer an amount
from the Fund to the General Revenue Fund is hereby validated.
(Source: P.A. 94-70, eff. 6-22-05.)
 
    (30 ILCS 740/2-6)  (from Ch. 111 2/3, par. 666)
    Sec. 2-6. Allocation of funds.
    (a) With respect to all participants other than any
Metro-East Transit District participant, the Department shall
allocate the funds to be made available to each participant
under this Article for the following fiscal year and shall
notify the chief official of each participant not later than
the first day of the fiscal year of this amount. For Fiscal
Year 1975, notification shall be made not later than January 1,
1975, of the amount of such allocation. In determining the
allocation for each participant, the Department shall estimate
the funds available to the participant from the Downstate
Public Transportation Fund for the purposes of this Article
during the succeeding fiscal year, and shall allocate to each
participant the amount attributable to it which shall be the
amount paid into the Downstate Public Transportation Fund under
Section 2-3 from within its boundaries. Said allocations may be
exceeded for participants receiving assistance equal to
one-third of their eligible operating expenses, only if an
allocation is less than one-third of such participant's
eligible operating expenses, provided, however, that no other
participant is denied its one-third of eligible operating
expenses. Beginning in Fiscal Year 1997, said allocation may be
exceeded for participants receiving assistance equal to the
percentage of their eligible operating expenses provided for in
paragraph (b) of Section 2-7, only if allocation is less than
the percentage of such participant's eligible operating
expenses provided for in paragraph (b) of Section 2-7, provided
however, that no other participant is denied its percentage of
eligible operating expenses.
    (b) With regard to any Metro-East Transit District
organized under the Local Mass Transit District Act and serving
one or more of the Counties of Madison, Monroe and St. Clair
during Fiscal Year 1989, the Department shall allocate the
funds to be made available to each participant for the
following and succeeding fiscal years and shall notify the
chief official of each participant not later than the first day
of the fiscal year of this amount. Beginning July 1, 2005, and
ending June 30, 2008, the Department shall allocate the amount
paid into the Metro-East Public Transportation Fund to the
District serving primarily the County of Madison.
(Source: P.A. 94-70, eff. 6-22-05.)
 
    (30 ILCS 740/2-7)  (from Ch. 111 2/3, par. 667)
    Sec. 2-7. Quarterly reports; annual audit.
    (a) Any Metro-East Transit District participant shall, no
later than 60 days following the end of each quarter of any
fiscal year, file with the Department on forms provided by the
Department for that purpose, a report of the actual operating
deficit experienced during that quarter. The Department shall,
upon receipt of the quarterly report, determine whether the
operating deficits were incurred in conformity with the program
of proposed expenditures approved by the Department pursuant to
Section 2-11. Any Metro-East District may either monthly or
quarterly for any fiscal year file a request for the
participant's eligible share, as allocated in accordance with
Section 2-6, of the amounts transferred into the Metro-East
Public Transportation Fund.
    (b) Each participant other than any Metro-East Transit
District participant shall, 30 days before the end of each
quarter, file with the Department on forms provided by the
Department for such purposes a report of the projected eligible
operating expenses to be incurred in the next quarter and 30
days before the third and fourth quarters of any fiscal year a
statement of actual eligible operating expenses incurred in the
preceding quarters. Except as otherwise provided in subsection
(b-5), within 45 days of receipt by the Department of such
quarterly report, the Comptroller shall order paid and the
Treasurer shall pay from the Downstate Public Transportation
Fund to each participant an amount equal to one-third of such
participant's eligible operating expenses; provided, however,
that in Fiscal Year 1997, the amount paid to each participant
from the Downstate Public Transportation Fund shall be an
amount equal to 47% of such participant's eligible operating
expenses and shall be increased to 49% in Fiscal Year 1998, 51%
in Fiscal Year 1999, 53% in Fiscal Year 2000, and 55% in Fiscal
Years Year 2001 through 2007, and 65% in Fiscal Year 2008 and
thereafter; however, in any year that a participant receives
funding under subsection (i) of Section 2705-305 of the
Department of Transportation Law (20 ILCS 2705/2705-305), that
participant shall be eligible only for assistance equal to the
following percentage of its eligible operating expenses: 42% in
Fiscal Year 1997, 44% in Fiscal Year 1998, 46% in Fiscal Year
1999, 48% in Fiscal Year 2000, and 50% in Fiscal Year 2001 and
thereafter. Any such payment for the third and fourth quarters
of any fiscal year shall be adjusted to reflect actual eligible
operating expenses for preceding quarters of such fiscal year.
However, no participant shall receive an amount less than that
which was received in the immediate prior year, provided in the
event of a shortfall in the fund those participants receiving
less than their full allocation pursuant to Section 2-6 of this
Article shall be the first participants to receive an amount
not less than that received in the immediate prior year.
    (b-5) (Blank.) With respect to the District serving
primarily the counties of Monroe and St. Clair, beginning July
1, 2005 and each fiscal year thereafter, the District may, as
an alternative to the provisions of subsection (b) of Section
2-7, file a request with the Department for a monthly payment
of 1/12 of the amount appropriated to the District for that
fiscal year; except that, for the final month of the fiscal
year, the District's request shall be in an amount such that
the total payments made to the District in that fiscal year do
not exceed the lesser of (i) 55% of the District's eligible
operating expenses for that fiscal year or (ii) the total
amount appropriated to the District for that fiscal year.
    (b-10) On July 1, 2008, each participant shall receive an
appropriation in an amount equal to 65% of its fiscal year 2008
eligible operating expenses adjusted by the annual 10% increase
required by Section 2-2.04 of this Act. In no case shall any
participant receive an appropriation that is less than its
fiscal year 2008 appropriation. Every fiscal year thereafter,
each participant's appropriation shall increase by 10% over the
appropriation established for the preceding fiscal year as
required by Section 2-2.04 of this Act.
    (b-15) Beginning on July 1, 2007, and for each fiscal year
thereafter, each participant shall maintain a minimum local
share contribution (from farebox and all other local revenues)
equal to the actual amount provided in Fiscal Year 2006 or, for
new recipients, an amount equivalent to the local share
provided in the first year of participation.
    (b-20) Any participant in the Downstate Public
Transportation Fund may use State operating assistance
pursuant to this Section to provide transportation services
within any county that is contiguous to its territorial
boundaries as defined by the Department and subject to
Departmental approval. Any such contiguous-area service
provided by a participant after July 1, 2007 must meet the
requirements of subsection (a) of Section 2-5.1.
    (c) No later than 180 days following the last day of the
Fiscal Year each participant shall provide the Department with
an audit prepared by a Certified Public Accountant covering
that Fiscal Year. For those participants other than a
Metro-East Transit District, any discrepancy between the
grants paid and the percentage of the eligible operating
expenses provided for by paragraph (b) of this Section shall be
reconciled by appropriate payment or credit. In the case of any
Metro-East Transit District, any amount of payments from the
Metro-East Public Transportation Fund which exceed the
eligible deficit of the participant shall be reconciled by
appropriate payment or credit.
(Source: P.A. 94-70, eff. 6-22-05.)
 
    (30 ILCS 740/2-15)  (from Ch. 111 2/3, par. 675.1)
    Sec. 2-15. Except as otherwise provided in this Section,
all funds which remain in the Downstate Public Transportation
Fund or the Metro-East Public Transportation Fund after the
payment of the fourth quarterly payment to participants other
than Metro-East Transit District participants and the last
monthly payment to Metro-East Transit participants in each
fiscal year shall be transferred (i) to the General Revenue
Fund through fiscal year 2008 and (ii) to the Downstate Transit
Improvement Fund for fiscal year 2009 and each fiscal year
thereafter. Transfers shall be made no later than 90 days
following the end of such fiscal year. Beginning fiscal year
2010, all moneys each year in the Downstate Transit Improvement
Fund, held solely for the benefit of the participants in the
Downstate Public Transportation Fund and shall be appropriated
to the Department to make competitive capital grants to the
participants of the respective funds. However, such amount as
the Department determines to be necessary for (1) allocation to
participants for the purposes of Section 2-7 for the first
quarter of the succeeding fiscal year and (2) an amount equal
to 2% of the total allocations to participants in the fiscal
year just ended to be used for the purpose of audit adjustments
shall be retained in such Funds to be used by the Department
for such purposes.
(Source: P.A. 86-590.)
 
    (30 ILCS 740/2-15.2 new)
    Sec. 2-15.2. Notwithstanding any law to the contrary, no
later than 60 days following the effective date of this
amendatory Act of the 95th General Assembly, any fixed route
public transportation services provided by, or under grant or
purchase of service contracts of, every participant, as defined
in Section 2-2.02 (1)(a), shall be provided without charge to
all senior citizen residents of the participant aged 65 and
older, under such conditions as shall be prescribed by the
participant.
 
    Section 8. The Illinois Pension Code is amended by changing
Section 22-101 and by adding Section 22-101B as follows:
 
    (40 ILCS 5/22-101)  (from Ch. 108 1/2, par. 22-101)
    Sec. 22-101. Retirement Plan for Chicago Transit Authority
Employees. Metropolitan Transit Authority (CTA) Pension Fund.
    (a) There shall be established and maintained by the
Authority created by the "Metropolitan Transit Authority Act",
approved April 12, 1945, as amended, (referred to in this
Section as the "Authority") a financially sound pension and
retirement system adequate to provide for all payments when due
under such established system or as modified from time to time
by ordinance of the Chicago Transit Board or collective
bargaining agreement. For this purpose, the Board must make
contributions to the established system as required under this
Section and may make any additional contributions provided for
by Board ordinance or collective bargaining agreement. The
participating employees shall make such periodic payments to
the established system as required under this Section and may
make any additional contributions provided for may be
determined by Board ordinance or collective bargaining
agreement. The Board, in lieu of social security payments
required to be paid by private corporations engaged in similar
activity, shall make payments into such established system at
least equal in amount to the amount so required to be paid by
such private corporations.
    Provisions shall be made by the Board for all Board
members, officers and employees of the Authority appointed
pursuant to the "Metropolitan Transit Authority Act" to become,
subject to reasonable rules and regulations, participants
members or beneficiaries of the pension or retirement system
with uniform rights, privileges, obligations and status as to
the class in which such officers and employees belong. The
terms, conditions and provisions of any pension or retirement
system or of any amendment or modification thereof affecting
employees who are members of any labor organization may be
established, amended or modified by agreement with such labor
organization, provided the terms, conditions and provisions
must be consistent with this Act, the annual funding levels for
the retirement system established by law must be met and the
benefits paid to future participants in the system may not
exceed the benefit ceilings set for future participants under
this Act and the contribution levels required by the Authority
and its employees may not be less than the contribution levels
established under this Act but must be consistent with the
requirements of this Section.
    (b) The Board of Trustees shall consist of 11 members
appointed as follows: (i) 5 trustees shall be appointed by the
Chicago Transit Board; (ii) 3 trustees shall be appointed by an
organization representing the highest number of Chicago
Transit Authority participants; (iii) one trustee shall be
appointed by an organization representing the second-highest
number of Chicago Transit Authority participants; (iv) one
trustee shall be appointed by the recognized coalition
representatives of participants who are not represented by an
organization with the highest or second-highest number of
Chicago Transit Authority participants; and (v) one trustee
shall be selected by the Regional Transportation Authority
Board of Directors, and the trustee shall be a professional
fiduciary who has experience in the area of collectively
bargained pension plans. Trustees shall serve until a successor
has been appointed and qualified, or until resignation, death,
incapacity, or disqualification.
    Any person appointed as a trustee of the board shall
qualify by taking an oath of office that he or she will
diligently and honestly administer the affairs of the system
and will not knowingly violate or willfully permit the
violation of any of the provisions of law applicable to the
Plan, including Sections 1-109, 1-109.1, 1-109.2, 1-110,
1-111, 1-114, and 1-115 of the Illinois Pension Code.
    Each trustee shall cast individual votes, and a majority
vote shall be final and binding upon all interested parties,
provided that the Board of Trustees may require a supermajority
vote with respect to the investment of the assets of the
Retirement Plan, and may set forth that requirement in the
Retirement Plan documents, by-laws, or rules of the Board of
Trustees. Each trustee shall have the rights, privileges,
authority, and obligations as are usual and customary for such
fiduciaries.
    The Board of Trustees may cause amounts on deposit in the
Retirement Plan to be invested in those investments that are
permitted investments for the investment of moneys held under
any one or more of the pension or retirement systems of the
State, any unit of local government or school district, or any
agency or instrumentality thereof. The Board, by a vote of at
least two-thirds of the trustees, may transfer investment
management to the Illinois State Board of Investment, which is
hereby authorized to manage these investments when so requested
by the Board of Trustees.
    (c) All individuals who were previously participants in the
Retirement Plan for Chicago Transit Authority Employees shall
remain participants, and shall receive the same benefits
established by the Retirement Plan for Chicago Transit
Authority Employees, except as provided in this amendatory Act
or by subsequent legislative enactment or amendment to the
Retirement Plan. For Authority employees hired on or after the
effective date of this amendatory Act of the 95th General
Assembly, the Retirement Plan for Chicago Transit Authority
Employees shall be the exclusive retirement plan and such
employees shall not be eligible for any supplemental plan,
except for a deferred compensation plan funded only by employee
contributions.
    For all Authority employees who are first hired on or after
the effective date of this amendatory Act of the 95th General
Assembly and are participants in the Retirement Plan for
Chicago Transit Authority Employees, the following terms,
conditions and provisions with respect to retirement shall be
applicable:
        (1) Such participant shall be eligible for an unreduced
    retirement allowance for life upon the attainment of age 64
    with 25 years of continuous service.
        (2) Such participant shall be eligible for a reduced
    retirement allowance for life upon the attainment of age 55
    with 10 years of continuous service.
        (3) For the purpose of determining the retirement
    allowance to be paid to a retiring employee, the term
    "Continuous Service" as used in the Retirement Plan for
    Chicago Transit Authority Employees shall also be deemed to
    include all pension credit for service with any retirement
    system established under Article 8 or Article 11 of this
    Code, provided that the employee forfeits and relinquishes
    all pension credit under Article 8 or Article 11 of this
    Code, and the contribution required under this subsection
    is made by the employee. The Retirement Plan's actuary
    shall determine the contribution paid by the employee as an
    amount equal to the normal cost of the benefit accrued, had
    the service been rendered as an employee, plus interest per
    annum from the time such service was rendered until the
    date the payment is made.
    (d) From the effective date of this amendatory Act through
December 31, 2008, all participating employees shall
contribute to the Retirement Plan in an amount not less than 6%
of compensation, and the Authority shall contribute to the
Retirement Plan in an amount not less than 12% of compensation.
    (e)(1) Beginning January 1, 2009 the Authority shall make
contributions to the Retirement Plan in an amount equal to
twelve percent (12%) of compensation and participating
employees shall make contributions to the Retirement Plan in an
amount equal to six percent (6%) of compensation. These
contributions may be paid by the Authority and participating
employees on a payroll or other periodic basis, but shall in
any case be paid to the Retirement Plan at least monthly.
    (2) For the period ending December 31, 2040, the amount
paid by the Authority in any year with respect to debt service
on bonds issued for the purposes of funding a contribution to
the Retirement Plan under Section 12c of the Metropolitan
Transit Authority Act, other than debt service paid with the
proceeds of bonds or notes issued by the Authority for any year
after calendar year 2008, shall be treated as a credit against
the amount of required contribution to the Retirement Plan by
the Authority under subsection (e)(1) for the following year up
to an amount not to exceed 6% of compensation paid by the
Authority in that following year.
    (3) By September 15 of each year beginning in 2009 and
ending on December 31, 2039, on the basis of a report prepared
by an enrolled actuary retained by the Plan, the Board of
Trustees of the Retirement Plan shall determine the estimated
funded ratio of the total assets of the Retirement Plan to its
total actuarially determined liabilities. A report containing
that determination and the actuarial assumptions on which it is
based shall be filed with the Authority, the representatives of
its participating employees, the Auditor General of the State
of Illinois, and the Regional Transportation Authority. If the
funded ratio is projected to decline below 60% in any year
before 2040, the Board of Trustees shall also determine the
increased contribution required each year as a level percentage
of payroll over the years remaining until 2040 using the
projected unit credit actuarial cost method so the funded ratio
does not decline below 60% and include that determination in
its report. If the actual funded ratio declines below 60% in
any year prior to 2040, the Board of Trustees shall also
determine the increased contribution required each year as a
level percentage of payroll during the years after the then
current year using the projected unit credit actuarial cost
method so the funded ratio is projected to reach at least 60%
no later than 10 years after the then current year and include
that determination in its report. Within 60 days after
receiving the report, the Auditor General shall review the
determination and the assumptions on which it is based, and if
he finds that the determination and the assumptions on which it
is based are unreasonable in the aggregate, he shall issue a
new determination of the funded ratio, the assumptions on which
it is based and the increased contribution required each year
as a level percentage of payroll over the years remaining until
2040 using the projected unit credit actuarial cost method so
the funded ratio does not decline below 60%, or, in the event
of an actual decline below 60%, so the funded ratio is
projected to reach 60% by no later than 10 years after the then
current year. If the Board of Trustees or the Auditor General
determine that an increased contribution is required to meet
the funded ratio required by the subsection, effective January
1 following the determination or 30 days after such
determination, whichever is later, one-third of the increased
contribution shall be paid by participating employees and
two-thirds by the Authority, in addition to the contributions
required by this subsection (1).
    (4) For the period beginning 2040, the minimum contribution
to the Retirement Plan for each fiscal year shall be an amount
determined by the Board of Trustees of the Retirement Plan to
be sufficient to bring the total assets of the Retirement Plan
up to 90% of its total actuarial liabilities by the end of
2059. Participating employees shall be responsible for
one-third of the required contribution and the Authority shall
be responsible for two-thirds of the required contribution. In
making these determinations, the Board of Trustees shall
calculate the required contribution each year as a level
percentage of payroll over the years remaining to and including
fiscal year 2059 using the projected unit credit actuarial cost
method. A report containing that determination and the
actuarial assumptions on which it is based shall be filed by
September 15 of each year with the Authority, the
representatives of its participating employees, the Auditor
General of the State of Illinois and the Regional
Transportation Authority. If the funded ratio is projected to
fail to reach 90% by December 31, 2059, the Board of Trustees
shall also determine the increased contribution required each
year as a level percentage of payroll over the years remaining
until December 31, 2059 using the projected unit credit
actuarial cost method so the funded ratio will meet 90% by
December 31, 2059 and include that determination in its report.
Within 60 days after receiving the report, the Auditor General
shall review the determination and the assumptions on which it
is based and if he finds that the determination and the
assumptions on which it is based are unreasonable in the
aggregate, he shall issue a new determination of the funded
ratio, the assumptions on which it is based and the increased
contribution required each year as a level percentage of
payroll over the years remaining until December 31, 2059 using
the projected unit credit actuarial cost method so the funded
ratio reaches no less than 90% by December 31, 2059. If the
Board of Trustees or the Auditor General determine that an
increased contribution is required to meet the funded ratio
required by this subsection, effective January 1 following the
determination or 30 days after such determination, whichever is
later, one-third of the increased contribution shall be paid by
participating employees and two-thirds by the Authority, in
addition to the contributions required by subsection (e)(1).
    (5) Beginning in 2060, the minimum contribution for each
year shall be the amount needed to maintain the total assets of
the Retirement Plan at 90% of the total actuarial liabilities
of the Plan, and the contribution shall be funded two-thirds by
the Authority and one-third by the participating employees in
accordance with this subsection.
    (f) The Authority shall take the steps necessary to comply
with Section 414(h)(2) of the Internal Revenue Code of 1986, as
amended, to permit the pick-up of employee contributions under
subsections (d) and (e) on a tax-deferred basis.
    (g) The Board of Trustees shall certify to the Governor,
the General Assembly, the Auditor General, the Board of the
Regional Transportation Authority, and the Authority at least
90 days prior to the end of each fiscal year the amount of the
required contributions to the retirement system for the next
retirement system fiscal year under this Section. The
certification shall include a copy of the actuarial
recommendations upon which it is based. In addition, copies of
the certification shall be sent to the Commission on Government
Forecasting and Accountability and the Mayor of Chicago.
    (h)(1) As to an employee who first becomes entitled to a
retirement allowance commencing on or after November 30, 1989,
the retirement allowance shall be the amount determined in
accordance with the following formula:
        (A) One percent (1%) of his "Average Annual
    Compensation in the highest four (4) completed Plan Years"
    for each full year of continuous service from the date of
    original employment to the effective date of the Plan; plus
        (B) One and seventy-five hundredths percent (1.75%) of
    his "Average Annual Compensation in the highest four (4)
    completed Plan Years" for each year (including fractions
    thereof to completed calendar months) of continuous
    service as provided for in the Retirement Plan for Chicago
    Transit Authority Employees.
Provided, however that:
    (2) As to an employee who first becomes entitled to a
retirement allowance commencing on or after January 1, 1993,
the retirement allowance shall be the amount determined in
accordance with the following formula:
        (A) One percent (1%) of his "Average Annual
    Compensation in the highest four (4) completed Plan Years"
    for each full year of continuous service from the date of
    original employment to the effective date of the Plan; plus
        (B) One and eighty hundredths percent (1.80%) of his
    "Average Annual Compensation in the highest four (4)
    completed Plan Years" for each year (including fractions
    thereof to completed calendar months) of continuous
    service as provided for in the Retirement Plan for Chicago
    Transit Authority Employees.
Provided, however that:
    (3) As to an employee who first becomes entitled to a
retirement allowance commencing on or after January 1, 1994,
the retirement allowance shall be the amount determined in
accordance with the following formula:
        (A) One percent (1%) of his "Average Annual
    Compensation in the highest four (4) completed Plan Years"
    for each full year of continuous service from the date of
    original employment to the effective date of the Plan; plus
        (B) One and eighty-five hundredths percent (1.85%) of
    his "Average Annual Compensation in the highest four (4)
    completed Plan Years" for each year (including fractions
    thereof to completed calendar months) of continuous
    service as provided for in the Retirement Plan for Chicago
    Transit Authority Employees.
Provided, however that:
    (4) As to an employee who first becomes entitled to a
retirement allowance commencing on or after January 1, 2000,
the retirement allowance shall be the amount determined in
accordance with the following formula:
        (A) One percent (1%) of his "Average Annual
    Compensation in the highest four (4) completed Plan Years"
    for each full year of continuous service from the date of
    original employment to the effective date of the Plan; plus
        (B) Two percent (2%) of his "Average Annual
    Compensation in the highest four (4) completed Plan Years"
    for each year (including fractions thereof to completed
    calendar months) of continuous service as provided for in
    the Retirement Plan for Chicago Transit Authority
    Employees.
Provided, however that:
    (5) As to an employee who first becomes entitled to a
retirement allowance commencing on or after January 1, 2001,
the retirement allowance shall be the amount determined in
accordance with the following formula:
        (A) One percent (1%) of his "Average Annual
    Compensation in the highest four (4) completed Plan Years"
    for each full year of continuous service from the date of
    original employment to the effective date of the Plan; plus
        (B) Two and fifteen hundredths percent (2.15%) of his
    "Average Annual Compensation in the highest four (4)
    completed Plan Years" for each year (including fractions
    thereof to completed calendar months) of continuous
    service as provided for in the Retirement Plan for Chicago
    Transit Authority Employees.
    The changes made by this amendatory Act of the 95th General
Assembly, to the extent that they affect the rights or
privileges of Authority employees that are currently the
subject of collective bargaining, have been agreed to between
the authorized representatives of these employees and of the
Authority prior to enactment of this amendatory Act, as
evidenced by a Memorandum of Understanding between these
representatives that will be filed with the Secretary of State
Index Department and designated as "95-GA-C05". The General
Assembly finds and declares that those changes are consistent
with 49 U.S.C. 5333(b) (also known as Section 13(c) of the
Federal Transit Act) because of this agreement between
authorized representatives of these employees and of the
Authority, and that any future amendments to the provisions of
this amendatory Act of the 95th General Assembly, to the extent
those amendments would affect the rights and privileges of
Authority employees that are currently the subject of
collective bargaining, would be consistent with 49 U.S.C.
5333(b) if and only if those amendments were agreed to between
these authorized representatives prior to enactment.
    (i) Early retirement incentive plan; funded ratio.
        (1) Beginning on the effective date of this Section, no
    early retirement incentive shall be offered to
    participants of the Plan unless the Funded Ratio of the
    Plan is at least 80% or more.
        (2) For the purposes of this Section, the Funded Ratio
    shall be the Adjusted Assets divided by the Actuarial
    Accrued Liability developed in accordance with Statement
    #25 promulgated by the Government Accounting Standards
    Board and the actuarial assumptions described in the Plan.
    The Adjusted Assets shall be calculated based on the
    methodology described in the Plan.
    (j) Nothing in this amendatory Act of the 95th General
Assembly shall impair the rights or privileges of Authority
employees under any other law.
    (b) Beginning January 1, 2009, the Authority shall make
contributions to the retirement system in an amount which,
together with the contributions of participants, interest
earned on investments, and other income, will meet the cost of
maintaining and administering the retirement plan in
accordance with applicable actuarial recommendations and
assumptions and the requirements of this Section. These
contributions may be paid on a payroll or other periodic basis,
but shall in any case be paid at least monthly.
    For retirement system fiscal years 2009 through 2058, the
minimum contribution to the retirement system to be made by the
Authority for each fiscal year shall be an amount determined
jointly by the Authority and the trustee of the retirement
system to be sufficient to bring the total assets of the
retirement system up to 90% of its total actuarial liabilities
by the end of fiscal year 2058. In making these determinations,
the required Authority contribution shall be calculated each
year as a level percentage of payroll over the years remaining
to and including fiscal year 2058 and shall be determined under
the projected unit credit actuarial cost method. Beginning in
retirement system fiscal year 2059, the minimum Authority
contribution for each fiscal year shall be the amount needed to
maintain the total assets of the retirement system at 90% of
the total actuarial liabilities of the system.
    For purposes of determining employer contributions and
actuarial liabilities under this subsection, contributions and
liabilities relating to health care benefits shall not be
included. As used in this Section, "retirement system fiscal
year" means the calendar year, or such other plan year as may
be defined from time to time in the agreement known as the
Retirement Plan for Chicago Transit Authority Employees, or its
successor agreement.
    (c) The Authority and the trustee shall jointly certify to
the Governor, the General Assembly, and the Board of the
Regional Transportation Authority on or before November 15 of
2008 and of each year thereafter the amount of the required
Authority contributions to the retirement system for the next
retirement system fiscal year under subsection (b). The
certification shall include a copy of the actuarial
recommendations upon which it is based. In addition, copies of
the certification shall be sent to the Commission on Government
Forecasting and Accountability, the Mayor of Chicago, the
Chicago City Council, and the Cook County Board.
    (d) The Authority shall take all actions lawfully available
to it to separate the funding of health care benefits for
retirees and their dependents and survivors from the funding
for its retirement system. The Authority shall endeavor to
achieve this separation as soon as possible, and in any event
no later than January 1, 2009.
    (e) This amendatory Act of the 94th General Assembly does
not affect or impair the right of either the Authority or its
employees to collectively bargain the amount or level of
employee contributions to the retirement system.
(Source: P.A. 94-839, eff. 6-6-06.)
 
    (40 ILCS 5/22-101B new)
    Sec. 22-101B. Health Care Benefits.
    (a) The Chicago Transit Authority (hereinafter referred to
in this Section as the "Authority") shall take all actions
lawfully available to it to separate the funding of health care
benefits for retirees and their dependents and survivors from
the funding for its retirement system. The Authority shall
endeavor to achieve this separation as soon as possible, and in
any event no later than July 1, 2009.
    (b) Effective 90 days after the effective date of this
amendatory Act of the 95th General Assembly, a Retiree Health
Care Trust is established for the purpose of providing health
care benefits to eligible retirees and their dependents and
survivors in accordance with the terms and conditions set forth
in this Section 22-101B. The Retiree Health Care Trust shall be
solely responsible for providing health care benefits to
eligible retirees and their dependents and survivors by no
later than July 1, 2009, but no earlier than January 1, 2009.
        (1) The Board of Trustees shall consist of 7 members
    appointed as follows: (i) 3 trustees shall be appointed by
    the Chicago Transit Board; (ii) one trustee shall be
    appointed by an organization representing the highest
    number of Chicago Transit Authority participants; (iii)
    one trustee shall be appointed by an organization
    representing the second-highest number of Chicago Transit
    Authority participants; (iv) one trustee shall be
    appointed by the recognized coalition representatives of
    participants who are not represented by an organization
    with the highest or second-highest number of Chicago
    Transit Authority participants; and (v) one trustee shall
    be selected by the Regional Transportation Authority Board
    of Directors, and the trustee shall be a professional
    fiduciary who has experience in the area of collectively
    bargained retiree health plans. Trustees shall serve until
    a successor has been appointed and qualified, or until
    resignation, death, incapacity, or disqualification.
        Any person appointed as a trustee of the board shall
    qualify by taking an oath of office that he or she will
    diligently and honestly administer the affairs of the
    system, and will not knowingly violate or willfully permit
    the violation of any of the provisions of law applicable to
    the Plan, including Sections 1-109, 1-109.1, 1-109.2,
    1-110, 1-111, 1-114, and 1-115 of Article 1 of the Illinois
    Pension Code.
        Each trustee shall cast individual votes, and a
    majority vote shall be final and binding upon all
    interested parties, provided that the Board of Trustees may
    require a supermajority vote with respect to the investment
    of the assets of the Retiree Health Care Trust, and may set
    forth that requirement in the trust agreement or by-laws of
    the Board of Trustees. Each trustee shall have the rights,
    privileges, authority and obligations as are usual and
    customary for such fiduciaries.
        (2) The Board of Trustees shall establish and
    administer a health care benefit program for eligible
    retirees and their dependents and survivors. The health
    care benefit program for eligible retirees and their
    dependents and survivors shall not contain any plan which
    provides for more than 90% coverage for in-network services
    or 70% coverage for out-of-network services after any
    deductible has been paid.
        (3) The Retiree Health Care Trust shall be administered
    by the Board of Trustees according to the following
    requirements:
            (i) The Board of Trustees may cause amounts on
        deposit in the Retiree Health Care Trust to be invested
        in those investments that are permitted investments
        for the investment of moneys held under any one or more
        of the pension or retirement systems of the State, any
        unit of local government or school district, or any
        agency or instrumentality thereof. The Board, by a vote
        of at least two-thirds of the trustees, may transfer
        investment management to the Illinois State Board of
        Investment, which is hereby authorized to manage these
        investments when so requested by the Board of Trustees.
            (ii) The Board of Trustees shall establish and
        maintain an appropriate funding reserve level which
        shall not be less than the amount of incurred and
        unreported claims plus 12 months of expected claims and
        administrative expenses.
            (iii) The Board of Trustees shall make an annual
        assessment of the funding levels of the Retiree Health
        Care Trust and shall submit a report to the Auditor
        General at least 90 days prior to the end of the fiscal
        year. The report shall provide the following:
                (A) the actuarial present value of projected
            benefits expected to be paid to current and future
            retirees and their dependents and survivors;
                (B) the actuarial present value of projected
            contributions and trust income plus assets;
                (C) the reserve required by subsection
            (b)(3)(ii); and
                (D) an assessment of whether the actuarial
            present value of projected benefits expected to be
            paid to current and future retirees and their
            dependents and survivors exceeds or is less than
            the actuarial present value of projected
            contributions and trust income plus assets in
            excess of the reserve required by subsection
            (b)(3)(ii).
            If the actuarial present value of projected
        benefits expected to be paid to current and future
        retirees and their dependents and survivors exceeds
        the actuarial present value of projected contributions
        and trust income plus assets in excess of the reserve
        required by subsection (b)(3)(ii), then the report
        shall provide a plan of increases in employee, retiree,
        dependent, or survivor contribution levels, decreases
        in benefit levels, or both, which is projected to cure
        the shortfall over a period of not more than 10 years.
        If the actuarial present value of projected benefits
        expected to be paid to current and future retirees and
        their dependents and survivors is less than the
        actuarial present value of projected contributions and
        trust income plus assets in excess of the reserve
        required by subsection (b)(3)(ii), then the report may
        provide a plan of decreases in employee, retiree,
        dependent, or survivor contribution levels, increases
        in benefit levels, or both, to the extent of the
        surplus.
            (iv) The Auditor General shall review the report
        and plan provided in subsection (b)(3)(iii) and issue a
        determination within 90 days after receiving the
        report and plan, with a copy of such determination
        provided to the General Assembly and the Regional
        Transportation Authority, as follows:
                (A) In the event of a projected shortfall, if
            the Auditor General determines that the
            assumptions stated in the report are not
            unreasonable in the aggregate and that the plan of
            increases in employee, retiree, dependent, or
            survivor contribution levels, decreases in benefit
            levels, or both, is reasonably projected to cure
            the shortfall over a period of not more than 10
            years, then the Board of Trustees shall implement
            the plan. If the Auditor General determines that
            the assumptions stated in the report are
            unreasonable in the aggregate, or that the plan of
            increases in employee, retiree, dependent, or
            survivor contribution levels, decreases in benefit
            levels, or both, is not reasonably projected to
            cure the shortfall over a period of not more than
            10 years, then the Board of Trustees shall not
            implement the plan, the Auditor General shall
            explain the basis for such determination to the
            Board of Trustees, and the Auditor General may make
            recommendations as to an alternative report and
            plan.
                (B) In the event of a projected surplus, if the
            Auditor General determines that the assumptions
            stated in the report are not unreasonable in the
            aggregate and that the plan of decreases in
            employee, retiree, dependent, or survivor
            contribution levels, increases in benefit levels,
            or both, is not unreasonable in the aggregate, then
            the Board of Trustees shall implement the plan. If
            the Auditor General determines that the
            assumptions stated in the report are unreasonable
            in the aggregate, or that the plan of decreases in
            employee, retiree, dependent, or survivor
            contribution levels, increases in benefit levels,
            or both, is unreasonable in the aggregate, then the
            Board of Trustees shall not implement the plan, the
            Auditor General shall explain the basis for such
            determination to the Board of Trustees, and the
            Auditor General may make recommendations as to an
            alternative report and plan.
                (C) The Board of Trustees shall submit an
            alternative report and plan within 45 days after
            receiving a rejection determination by the Auditor
            General. A determination by the Auditor General on
            any alternative report and plan submitted by the
            Board of Trustees shall be made within 90 days
            after receiving the alternative report and plan,
            and shall be accepted or rejected according to the
            requirements of this subsection (b)(3)(iv). The
            Board of Trustees shall continue to submit
            alternative reports and plans to the Auditor
            General, as necessary, until a favorable
            determination is made by the Auditor General.
        (4) For any retiree who first retires effective on or
    after the effective date of this amendatory Act of the 95th
    General Assembly, to be eligible for retiree health care
    benefits upon retirement, the retiree must be at least 55
    years of age, retire with 10 or more years of continuous
    service and satisfy the preconditions established by this
    amendatory Act in addition to any rules or regulations
    promulgated by the Board of Trustees. This paragraph (4)
    shall not apply to a disability allowance.
        (5) Effective January 1, 2009, the aggregate amount of
    retiree, dependent and survivor contributions to the cost
    of their health care benefits shall not exceed more than
    45% of the total cost of such benefits. The Board of
    Trustees shall have the discretion to provide different
    contribution levels for retirees, dependents and survivors
    based on their years of service, level of coverage or
    Medicare eligibility, provided that the total contribution
    from all retirees, dependents, and survivors shall be not
    more than 45% of the total cost of such benefits. The term
    "total cost of such benefits" for purposes of this
    subsection shall be the total amount expended by the
    retiree health benefit program in the prior plan year, as
    calculated and certified in writing by the Retiree Health
    Care Trust's enrolled actuary to be appointed and paid for
    by the Board of Trustees.
        (6) Effective 30 days after the establishment of the
    Retiree Health Care Trust, all employees of the Authority
    shall contribute to the Retiree Health Care Trust in an
    amount not less than 3% of compensation.
        (7) No earlier than January 1, 2009 and no later than
    July 1, 2009 as the Retiree Health Care Trust becomes
    solely responsible for providing health care benefits to
    eligible retirees and their dependents and survivors in
    accordance with subsection (b) of this Section 22-101B, the
    Authority shall not have any obligation to provide health
    care to current or future retirees and their dependents or
    survivors. Employees, retirees, dependents, and survivors
    who are required to make contributions to the Retiree
    Health Care Trust shall make contributions at the level set
    by the Board of Trustees pursuant to the requirements of
    this Section 22-101B.
 
    Section 10. The Illinois Municipal Code is amended by
changing Section 8-3-19 as follows:
 
    (65 ILCS 5/8-3-19)
    Sec. 8-3-19. Home rule real estate transfer taxes.
    (a) After the effective date of this amendatory Act of the
93rd General Assembly and subject to this Section, a home rule
municipality may impose or increase a tax or other fee on the
privilege of transferring title to real estate, on the
privilege of transferring a beneficial interest in real
property, and on the privilege of transferring a controlling
interest in a real estate entity, as the terms "beneficial
interest", "controlling interest", and "real estate entity"
are defined in Article 31 of the Property Tax Code. Such a tax
or other fee shall hereafter be referred to as a real estate
transfer tax.
    (b) Before adopting a resolution to submit the question of
imposing or increasing a real estate transfer tax to
referendum, the corporate authorities shall give public notice
of and hold a public hearing on the intent to submit the
question to referendum. This hearing may be part of a regularly
scheduled meeting of the corporate authorities. The notice
shall be published not more than 30 nor less than 10 days prior
to the hearing in a newspaper of general circulation within the
municipality. The notice shall be published in the following
form:
        Notice of Proposed (Increased) Real Estate Transfer
    Tax for (commonly known name of municipality).
        A public hearing on a resolution to submit to
    referendum the question of a proposed (increased) real
    estate transfer tax for (legal name of the municipality) in
    an amount of (rate) to be paid by the buyer (seller) of the
    real estate transferred will be held on (date) at (time) at
    (location). The current rate of real estate transfer tax
    imposed by (name of municipality) is (rate).
        Any person desiring to appear at the public hearing and
    present testimony to the taxing district may do so.
    (c) A notice that includes any information not specified
and required by this Section is an invalid notice. All hearings
shall be open to the public. At the public hearing, the
corporate authorities of the municipality shall explain the
reasons for the proposed or increased real estate transfer tax
and shall permit persons desiring to be heard an opportunity to
present testimony within reasonable time limits determined by
the corporate authorities. A copy of the proposed ordinance
shall be made available to the general public for inspection
before the public hearing.
    (d) Except as provided in subsection (i), no No home rule
municipality shall impose a new real estate transfer tax after
the effective date of this amendatory Act of 1996 without prior
approval by referendum. Except as provided in subsection (i),
no No home rule municipality shall impose an increase of the
rate of a current real estate transfer tax without prior
approval by referendum. A home rule municipality may impose a
new real estate transfer tax or may increase an existing real
estate transfer tax with prior referendum approval. The
referendum shall be conducted as provided in subsection (e). An
existing ordinance or resolution imposing a real estate
transfer tax may be amended without approval by referendum if
the amendment does not increase the rate of the tax or add
transactions on which the tax is imposed.
    (e) The home rule municipality shall, by resolution,
provide for submission of the proposition to the voters. The
home rule municipality shall certify the resolution and the
proposition to the proper election officials in accordance with
the general election law. If the proposition is to impose a new
real estate transfer tax, it shall be in substantially the
following form: "Shall (name of municipality) impose a real
estate transfer tax at a rate of (rate) to be paid by the buyer
(seller) of the real estate transferred, with the revenue of
the proposed transfer tax to be used for (purpose)?". If the
proposition is to increase an existing real estate transfer
tax, it shall be in the following form: "Shall (name of
municipality) impose a real estate transfer tax increase of
(percent increase) to establish a new transfer tax rate of
(rate) to be paid by the buyer (seller) of the real estate
transferred? The current rate of the real estate transfer tax
is (rate), and the revenue is used for (purpose). The revenue
from the increase is to be used for (purpose).".
    If a majority of the electors voting on the proposition
vote in favor of it, the municipality may impose or increase
the municipal real estate transfer tax or fee.
    (f) Nothing in this amendatory Act of 1996 shall limit the
purposes for which real estate transfer tax revenues may be
collected or expended.
    (g) A home rule municipality may not impose real estate
transfer taxes other than as authorized by this Section. This
Section is a denial and limitation of home rule powers and
functions under subsection (g) of Section 6 of Article VII of
the Illinois Constitution.
    (h) Notwithstanding subsection (g) of this Section, any
real estate transfer taxes adopted by a municipality at any
time prior to January 17, 1997 (the effective date of Public
Act 89-701) and any amendments to any existing real estate
transfer tax ordinance adopted after that date, in accordance
with the law in effect at the time of the adoption of the
amendments, are not preempted by this amendatory Act of the
93rd General Assembly.
    (i) Within 6 months after the effective date of this
amendatory Act of the 95th General Assembly, by ordinance
adopted without a referendum, a home rule municipality with a
population in excess of 1,000,000 may increase the rate of an
existing real estate transfer tax by a rate of up to $1.50 for
each $500 of value or fraction thereof, or in the alternative
may impose a real estate transfer tax at a rate of up to $1.50
for each $500 of value or fraction thereof, which may be on the
buyer or seller of real estate, or jointly and severally on
both, for the sole purpose of providing financial assistance to
the Chicago Transit Authority. All amounts collected under such
supplemental tax, after fees for costs of collection, shall be
provided to the Chicago Transit Authority pursuant to an
intergovernmental agreement as promptly as practicable upon
their receipt. Such municipality shall file a copy of any
ordinance imposing or increasing such tax with the Illinois
Department of Revenue and shall file a report with the
Department each month certifying the amount paid to the Chicago
Transit Authority in the previous month from the proceeds of
such tax.
(Source: P.A. 93-657, eff. 6-1-04.)
 
    Section 15. The Metropolitan Transit Authority Act is
amended by changing Sections 15, 28a, 34, and 46 and by adding
Sections 12c, 50, and 51 as follows:
 
    (70 ILCS 3605/12c new)
    Sec. 12c. Retiree Benefits Bonds and Notes.
    (a) In addition to all other bonds or notes that it is
authorized to issue, the Authority is authorized to issue its
bonds or notes for the purposes of providing funds for the
Authority to make the deposits described in Section 12c(b)(1)
and (2), for refunding any bonds authorized to be issued under
this Section, as well as for the purposes of paying costs of
issuance, obtaining bond insurance or other credit enhancement
or liquidity facilities, paying costs of obtaining related
swaps as authorized in the Bond Authorization Act ("Swaps"),
providing a debt service reserve fund, paying Debt Service (as
defined in paragraph (i) of this Section 12c), and paying all
other costs related to any such bonds or notes.
    (b)(1) After its receipt of a certified copy of a report of
the Auditor General of the State of Illinois meeting the
requirements of Section 3-2.3 of the Illinois State Auditing
Act, the Authority may issue $1,348,550,000 aggregate original
principal amount of bonds and notes. After payment of the costs
of issuance and necessary deposits to funds and accounts
established with respect to debt service, the net proceeds of
such bonds or notes shall be deposited only in the Retirement
Plan for Chicago Transit Authority Employees and used only for
the purposes required by Section 22-101 of the Illinois Pension
Code. Provided that no less than $1,110,500,000 has been
deposited in the Retirement Plan, remaining proceeds of bonds
issued under this subparagraph (b)(1) may be used to pay costs
of issuance and make necessary deposits to funds and accounts
with respect to debt service for bonds and notes issued under
this subparagraph or subparagraph (b)(2).
    (2) After its receipt of a certified copy of a report of
the Auditor General of the State of Illinois meeting the
requirements of Section 3-2.3 of the Illinois State Auditing
Act, the Authority may issue $639,680,000 aggregate original
principal amount of bonds and notes. After payment of the costs
of issuance and necessary deposits to funds and accounts
established with respect to debt service, the net proceeds of
such bonds or notes shall be deposited only in the Retiree
Health Care Trust and used only for the purposes required by
Section 22-101B of the Illinois Pension Code. Provided that no
less than $528,800,000 has been deposited in the Retiree Health
Care Trust, remaining proceeds of bonds issued under this
subparagraph (b)(2) may be used to pay costs of issuance and
make necessary deposits to funds and accounts with respect to
debt service for bonds and notes issued under this subparagraph
or subparagraph (b)(1).
    (3) In addition, refunding bonds are authorized to be
issued for the purpose of refunding outstanding bonds or notes
issued under this Section 12c.
    (4) The bonds or notes issued under 12c(b)(1) shall be
issued as soon as practicable after the Auditor General issues
the report provided in Section 3-2.3(b) of the Illinois State
Auditing Act. The bonds or notes issued under 12c(b)(2) shall
be issued as soon as practicable after the Auditor General
issues the report provided in Section 3-2.3(c) of the Illinois
State Auditing Act.
    (5) With respect to bonds and notes issued under
subparagraph (b), scheduled aggregate annual payments of
interest or deposits into funds and accounts established for
the purpose of such payment shall commence within one year
after the bonds and notes are issued. With respect to principal
and interest, scheduled aggregate annual payments of principal
and interest or deposits into funds and accounts established
for the purpose of such payment shall be not less than 70% in
2009, 80% in 2010, and 90% in 2011, respectively, of scheduled
payments or deposits of principal and interest in 2012 and
shall be substantially equal beginning in 2012 and each year
thereafter. For purposes of this subparagraph (b),
"substantially equal" means that debt service in any full year
after calendar year 2011 is not more than 115% of debt service
in any other full year after calendar year 2011 during the term
of the bonds or notes. For the purposes of this subsection (b),
with respect to bonds and notes that bear interest at a
variable rate, interest shall be assumed at a rate equal to the
rate for United States Treasury Securities - State and Local
Government Series for the same maturity, plus 75 basis points.
If the Authority enters into a Swap with a counterparty
requiring the Authority to pay a fixed interest rate on a
notional amount, and the Authority has made a determination
that such Swap was entered into for the purpose of providing
substitute interest payments for variable interest rate bonds
or notes of a particular maturity or maturities in a principal
amount equal to the notional amount of the Swap, then during
the term of the Swap for purposes of any calculation of
interest payable on such bonds or notes, the interest rate on
the bonds or notes of such maturity or maturities shall be
determined as if such bonds or notes bore interest at the fixed
interest rate payable by the Authority under such Swap.
    (6) No bond or note issued under this Section 12c shall
mature later than December 31, 2040.
    (c) The Chicago Transit Board shall provide for the
issuance of bonds or notes as authorized in this Section 12c by
the adoption of an ordinance. The ordinance, together with the
bonds or notes, shall constitute a contract among the
Authority, the owners from time to time of the bonds or notes,
any bond trustee with respect to the bonds or notes, any
related credit enhancer and any provider of any related Swaps.
    (d) The Authority is authorized to cause the proceeds of
the bonds or notes, and any interest or investment earnings on
the bonds or notes, and of any Swaps, to be invested until the
proceeds and any interest or investment earnings have been
deposited with the Retirement Plan or the Retiree Health Care
Trust.
    (e) Bonds or notes issued pursuant to this Section 12c may
be general obligations of the Authority, to which shall be
pledged the full faith and credit of the Authority, or may be
obligations payable solely from particular sources of funds all
as may be provided in the authorizing ordinance. The
authorizing ordinance for the bonds and notes, whether or not
general obligations of the Authority, may provide for the Debt
Service (as defined in paragraph (i) of this Section 12c) to
have a claim for payment from particular sources of funds,
including, without limitation, amounts to be paid to the
Authority or a bond trustee. The authorizing ordinance may
provide for the means by which the bonds or notes (and any
related Swaps) may be secured, which may include, a pledge of
any revenues or funds of the Authority from whatever source
which may by law be utilized for paying Debt Service. In
addition to any other security, upon the written approval of
the Regional Transportation Authority by the affirmative vote
of 12 of its then Directors, the ordinance may provide a
specific pledge or assignment of and lien on or security
interest in amounts to be paid to the Authority by the Regional
Transportation Authority and direct payment thereof to the bond
trustee for payment of Debt Service with respect to the bonds
or notes, subject to the provisions of existing lease
agreements of the Authority with any public building
commission. The authorizing ordinance may also provide a
specific pledge or assignment of and lien on or security
interest in and direct payment to the trustee of all or a
portion of the moneys otherwise payable to the Authority from
the City of Chicago pursuant to an intergovernmental agreement
with the Authority to provide financial assistance to the
Authority. Any such pledge, assignment, lien or security
interest for the benefit of owners of bonds or notes shall be
valid and binding from the time the bonds or notes are issued,
without any physical delivery or further act, and shall be
valid and binding as against and prior to the claims of all
other parties having claims of any kind against the Authority
or any other person, irrespective of whether such other parties
have notice of such pledge, assignment, lien or security
interest, all as provided in the Local Government Debt Reform
Act, as it may be amended from time to time. The bonds or notes
of the Authority issued pursuant to this Section 12c shall have
such priority of payment and as to their claim for payment from
particular sources of funds, including their priority with
respect to obligations of the Authority issued under other
Sections of this Act, all as shall be provided in the
ordinances authorizing the issuance of the bonds or notes. The
ordinance authorizing the issuance of any bonds or notes under
this Section may provide for the creation of, deposits in, and
regulation and disposition of sinking fund or reserve accounts
relating to those bonds or notes and related agreements. The
ordinance authorizing the issuance of any such bonds or notes
authorized under this Section 12c may contain provisions for
the creation of a separate fund to provide for the payment of
principal of and interest on those bonds or notes and related
agreements. The ordinance may also provide limitations on the
issuance of additional bonds or notes of the Authority.
    (f) Bonds or notes issued under this Section 12c shall not
constitute an indebtedness of the Regional Transportation
Authority, the State of Illinois, or of any other political
subdivision of or municipality within the State, except the
Authority.
    (g) The ordinance of the Chicago Transit Board authorizing
the issuance of bonds or notes pursuant to this Section 12c may
provide for the appointment of a corporate trustee (which may
be any trust company or bank having the powers of a trust
company within Illinois) with respect to bonds or notes issued
pursuant to this Section 12c. The ordinance shall prescribe the
rights, duties, and powers of the trustee to be exercised for
the benefit of the Authority and the protection of the owners
of bonds or notes issued pursuant to this Section 12c. The
ordinance may provide for the trustee to hold in trust, invest
and use amounts in funds and accounts created as provided by
the ordinance with respect to the bonds or notes in accordance
with this Section 12c. The Authority may apply, as it shall
determine, any amounts received upon the sale of the bonds or
notes to pay any Debt Service on the bonds or notes. The
ordinance may provide for a trust indenture to set forth terms
of, sources of payment for and security for the bonds and
notes.
    (h) The State of Illinois pledges to and agrees with the
owners of the bonds or notes issued pursuant to Section 12c
that the State of Illinois will not limit the powers vested in
the Authority by this Act to pledge and assign its revenues and
funds as security for the payment of the bonds or notes, or
vested in the Regional Transportation Authority by the Regional
Transportation Authority Act or this Act, so as to materially
impair the payment obligations of the Authority under the terms
of any contract made by the Authority with those owners or to
materially impair the rights and remedies of those owners until
those bonds or notes, together with interest and any redemption
premium, and all costs and expenses in connection with any
action or proceedings by or on behalf of such owners are fully
met and discharged. The Authority is authorized to include
these pledges and agreements of the State of Illinois in any
contract with owners of bonds or notes issued pursuant to this
Section 12c.
    (i) For purposes of this Section, "Debt Service" with
respect to bonds or notes includes, without limitation,
principal (at maturity or upon mandatory redemption),
redemption premium, interest, periodic, upfront, and
termination payments on Swaps, fees for bond insurance or other
credit enhancement, liquidity facilities, the funding of bond
or note reserves, bond trustee fees, and all other costs of
providing for the security or payment of the bonds or notes.
    (j) The Authority shall adopt a procurement program with
respect to contracts relating to the following service
providers in connection with the issuance of debt for the
benefit of the Retirement Plan for Chicago Transit Authority
Employees: underwriters, bond counsel, financial advisors, and
accountants. The program shall include goals for the payment of
not less than 30% of the total dollar value of the fees from
these contracts to minority owned businesses and female owned
businesses as defined in the Business Enterprise for
Minorities, Females, and Persons with Disabilities Act. The
Authority shall conduct outreach to minority owned businesses
and female owned businesses. Outreach shall include, but is not
limited to, advertisements in periodicals and newspapers,
mailings, and other appropriate media. The Authority shall
submit to the General Assembly a comprehensive report that
shall include, at a minimum, the details of the procurement
plan, outreach efforts, and the results of the efforts to
achieve goals for the payment of fees. The service providers
selected by the Authority pursuant to such program shall not be
subject to approval by the Regional Transportation Authority,
and the Regional Transportation Authority's approval pursuant
to subsection (e) of this Section 12c related to the issuance
of debt shall not be based in any way on the service providers
selected by the Authority pursuant to this Section.
    (k) No person holding an elective office in this State,
holding a seat in the General Assembly, serving as a director,
trustee, officer, or employee of the Regional Transportation
Authority or the Chicago Transit Authority, including the
spouse or minor child of that person, may receive a legal,
banking, consulting, or other fee related to the issuance of
any bond issued by the Chicago Transit Authority pursuant to
this Section.
 
    (70 ILCS 3605/15)  (from Ch. 111 2/3, par. 315)
    Sec. 15. The Authority shall have power to apply for and
accept grants and loans from the Federal Government or any
agency or instrumentality thereof, from the State, or from any
county, municipal corporation or other political subdivision
of the State to be used for any of the purposes of the
Authority, including, but not by way of limitation, grants and
loans in aid of mass transportation and for studies in mass
transportation, and may provide matching funds when necessary
to qualify for such grants or loans. The Authority may enter
into any agreement with the Federal Government, the State, and
any county, municipal corporation or other political
subdivision of the State in relation to such grants or loans;
provided that such agreement does not conflict with any of the
provisions of any trust agreement securing the payment of bonds
or certificates of the Authority.
    The Authority may also accept from the state, or from any
county or other political subdivision, or from any municipal
corporation, or school district, or school authorities, grants
or other funds authorized by law to be paid to the Authority
for any of the purposes of this Act.
(Source: Laws 1961, p. 3135.)
 
    (70 ILCS 3605/28a)  (from Ch. 111 2/3, par. 328a)
    Sec. 28a. (a) The Board may deal with and enter into
written contracts with the employees of the Authority through
accredited representatives of such employees or
representatives of any labor organization authorized to act for
such employees, concerning wages, salaries, hours, working
conditions and pension or retirement provisions; provided,
nothing herein shall be construed to permit hours of labor in
excess of those provided by law or to permit working conditions
prohibited by law. In case of dispute over wages, salaries,
hours, working conditions, or pension or retirement provisions
the Board may arbitrate any question or questions and may agree
with such accredited representatives or labor organization
that the decision of a majority of any arbitration board shall
be final, provided each party shall agree in advance to pay
half of the expense of such arbitration.
    No contract or agreement shall be made with any labor
organization, association, group or individual for the
employment of members of such organization, association, group
or individual for the construction, improvement, maintenance,
operation or administration of any property, plant or
facilities under the jurisdiction of the Authority, where such
organization, association, group or individual denies on the
ground of race, creed, color, sex, religion, physical or mental
handicap unrelated to ability, or national origin membership
and equal opportunities for employment to any citizen of
Illinois.
    (b)(1) The provisions of this paragraph (b) apply to
collective bargaining agreements (including extensions and
amendments of existing agreements) entered into on or after
January 1, 1984.
    (2) The Board shall deal with and enter into written
contracts with their employees, through accredited
representatives of such employees authorized to act for such
employees concerning wages, salaries, hours, working
conditions, and pension or retirement provisions about which a
collective bargaining agreement has been entered prior to the
effective date of this amendatory Act of 1983. Any such
agreement of the Authority shall provide that the agreement may
be reopened if the amended budget submitted pursuant to Section
2.18a of the Regional Transportation Authority Act is not
approved by the Board of the Regional Transportation Authority.
The agreement may not include a provision requiring the payment
of wage increases based on changes in the Consumer Price Index.
The Board shall not have the authority to enter into collective
bargaining agreements with respect to inherent management
rights, which include such areas of discretion or policy as the
functions of the employer, standards of services, its overall
budget, the organizational structure and selection of new
employees and direction of personnel. Employers, however,
shall be required to bargain collectively with regard to policy
matters directly affecting wages, hours and terms and
conditions of employment, as well as the impact thereon upon
request by employee representatives. To preserve the rights of
employers and exclusive representatives which have established
collective bargaining relationships or negotiated collective
bargaining agreements prior to the effective date of this
amendatory Act of 1983, employers shall be required to bargain
collectively with regard to any matter concerning wages, hours
or conditions of employment about which they have bargained
prior to the effective date of this amendatory Act of 1983.
    (3) The collective bargaining agreement may not include a
prohibition on the use of part-time operators on any service
operated by or funded by the Board, except where prohibited by
federal law.
    (4) Within 30 days of the signing of any such collective
bargaining agreement, the Board shall determine the costs of
each provision of the agreement, prepare an amended budget
incorporating the costs of the agreement, and present the
amended budget to the Board of the Regional Transportation
Authority for its approval under Section 4.11 of the Regional
Transportation Act. The Board of the Regional Transportation
Authority may approve the amended budget by an affirmative vote
of 12 two-thirds of its then Directors. If the budget is not
approved by the Board of the Regional Transportation Authority,
the agreement may be reopened and its terms may be
renegotiated. Any amended budget which may be prepared
following renegotiation shall be presented to the Board of the
Regional Transportation Authority for its approval in like
manner.
(Source: P.A. 83-886.)
 
    (70 ILCS 3605/34)  (from Ch. 111 2/3, par. 334)
    Sec. 34. Budget and Program. The Authority, subject to the
powers of the Regional Transportation Authority in Section 4.11
of the Regional Transportation Authority Act, shall control the
finances of the Authority. It shall by ordinance appropriate
money to perform the Authority's purposes and provide for
payment of debts and expenses of the Authority. Each year the
Authority shall prepare and publish a comprehensive annual
budget and five-year capital program document, and a financial
plan for the 2 years thereafter describing the state of the
Authority and presenting for the forthcoming fiscal year and
the two following years the Authority's plans for such
operations and capital expenditures as it intends to undertake
and the means by which it intends to finance them. The proposed
budget, and financial plan, and five-year capital program shall
be based on the Regional Transportation Authority's estimate of
funds to be made available to the Authority by or through the
Regional Transportation Authority and shall conform in all
respects to the requirements established by the Regional
Transportation Authority. The proposed program and budget,
financial plan, and five-year capital program shall contain a
statement of the funds estimated to be on hand at the beginning
of the fiscal year, the funds estimated to be received from all
sources for such year and the funds estimated to be on hand at
the end of such year. After adoption of the Regional
Transportation Authority's first Five-Year Program, as
provided in Section 2.01 of the Regional Transportation
Authority Act, the proposed program and budget shall
specifically identify any respect in which the recommended
program deviates from the Regional Transportation Authority's
then existing Five-Year Program, giving the reasons for such
deviation. The proposed program and budget, financial plan, and
five-year capital program shall be available at no cost for
public inspection at the Authority's main office and at the
Regional Transportation Authority's main office at least 3
weeks prior to any public hearing. Before the proposed budget,
and program and financial plan, and five-year capital program
are submitted to the Regional Transportation Authority, the
Authority shall hold at least one public hearing thereon in
each of the counties in which the Authority provides service.
All Board members of the Authority shall attend a majority of
the public hearings unless reasonable cause is given for their
absence. After the public hearings, the Board of the Authority
shall hold at least one meeting for consideration of the
proposed program and budget with the Cook County Board. After
conducting such hearings and holding such meetings and after
making such changes in the proposed program and budget,
financial plan, and five-year capital program as the Board
deems appropriate, it shall adopt an annual budget ordinance at
least by November 15th preceding the beginning of each fiscal
year. The budget, and program, and financial plan, and
five-year capital program shall then be submitted to the
Regional Transportation Authority as provided in Section 4.11
of the Regional Transportation Authority Act. In the event that
the Board of the Regional Transportation Authority determines
that the budget, and program, and financial plan, and five-year
capital program do not meet the standards of said Section 4.11,
the Board of the Authority shall make such changes as are
necessary to meet such requirements and adopt an amended budget
ordinance. The amended budget ordinance shall be resubmitted to
the Regional Transportation Authority pursuant to said Section
4.11. The ordinance shall appropriate such sums of money as are
deemed necessary to defray all necessary expenses and
obligations of the Authority, specifying purposes and the
objects or programs for which appropriations are made and the
amount appropriated for each object or program. Additional
appropriations, transfers between items and other changes in
such ordinance which do not alter the basis upon which the
balanced budget determination was made by the Regional
Transportation Authority may be made from time to time by the
Board.
    The budget shall:
        (i) show a balance between (A) anticipated revenues
    from all sources including operating subsidies and (B) the
    costs of providing the services specified and of funding
    any operating deficits or encumbrances incurred in prior
    periods, including provision for payment when due of
    principal and interest on outstanding indebtedness;
        (ii) show cash balances including the proceeds of any
    anticipated cash flow borrowing sufficient to pay with
    reasonable promptness all costs and expenses as incurred;
        (iii) provide for a level of fares or charges and
    operating or administrative costs for the public
    transportation provided by or subject to the jurisdiction
    of the Board sufficient to allow the Board to meet its
    required system generated revenue recovery ratio as
    determined in accordance with subsection (a) of Section
    4.11 of the Regional Transportation Authority Act;
        (iv) be based upon and employ assumptions and
    projections which are reasonable and prudent;
        (v) have been prepared in accordance with sound
    financial practices as determined by the Board of the
    Regional Transportation Authority; and
        (vi) meet such other financial, budgetary, or fiscal
    requirements that the Board of the Regional Transportation
    Authority may by rule or regulation establish; and .
        (vii) be consistent with the goals and objectives
    adopted by the Regional Transportation Authority in the
    Strategic Plan.
    The Board shall establish a fiscal operating year. At least
thirty days prior to the beginning of the first full fiscal
year after the creation of the Authority, and annually
thereafter, the Board shall cause to be prepared a tentative
budget which shall include all operation and maintenance
expense for the ensuing fiscal year. The tentative budget shall
be considered by the Board and, subject to any revision and
amendments as may be determined, shall be adopted prior to the
first day of the ensuing fiscal year as the budget for that
year. No expenditures for operations and maintenance in excess
of the budget shall be made during any fiscal year except by
the affirmative vote of at least five members of the Board. It
shall not be necessary to include in the annual budget any
statement of necessary expenditures for pensions or retirement
annuities, or for interest or principal payments on bonds or
certificates, or for capital outlays, but it shall be the duty
of the Board to make provision for payment of same from
appropriate funds. The Board may not alter its fiscal year
without the prior approval of the Board of the Regional
Transportation Authority.
(Source: P.A. 87-1249.)
 
    (70 ILCS 3605/46)  (from Ch. 111 2/3, par. 346)
    Sec. 46. Citizens Advisory Board. The Board shall establish
a citizens advisory board composed of 11 residents of those
portions of the metropolitan region in which the Authority
provides service who have an interest in public transportation,
one of whom shall be at least 65 years of age. The members of
the advisory board shall be named for 2 year terms, shall
select one of their members to serve as chairman and shall
serve without compensation. The citizens advisory board shall
meet with Board at least quarterly and advise the Board of the
impact of its policies and programs on the communities it
serves. Appointments to the citizens advisory board should, to
the greatest extent possible, reflect the ethnic, cultural, and
geographic diversity of all persons residing within the
metropolitan region in which the Authority provides service.
(Source: P.A. 87-226.)
 
    (70 ILCS 3605/50 new)
    Sec. 50. Disadvantaged Business Enterprise Contracting and
Equal Employment Opportunity Programs. The Authority shall, as
soon as is practicable but in no event later than two years
after the effective date of this amendatory Act of the 95th
General Assembly, establish and maintain a disadvantaged
business enterprise contracting program designed to ensure
non-discrimination in the award and administration of
contracts not covered under a federally mandated disadvantaged
business enterprise program. The program shall establish
narrowly tailored goals for the participation of disadvantaged
business enterprises as the Authority determines appropriate.
The goals shall be based on demonstrable evidence of the
availability of ready, willing, and able disadvantaged
business enterprises relative to all businesses ready,
willing, and able to participate on the program's contracts.
The program shall require the Authority to monitor the progress
of the contractors' obligations with respect to the program's
goals. Nothing in this program shall conflict with or interfere
with the maintenance or operation of, or compliance with, any
federally mandated disadvantaged business enterprise program.
    The Authority shall establish and maintain a program
designed to promote equal employment opportunity. Each year, no
later than October 1, the Authority shall report to the General
Assembly on the number of employees of the Authority and the
number of employees who have designated themselves as members
of a minority group and gender.
    Each year no later than October 1, and starting no later
than the October 1 after the establishment of the disadvantaged
business enterprise contracting program, the Authority shall
submit a report with respect to such program to the General
Assembly. In addition, no later than October 1 of each year,
the Authority shall submit a copy of its federally mandated
semi-annual Uniform Report of Disadvantaged Business
Enterprises Awards or Commitments and Payments to the General
Assembly.
 
    (70 ILCS 3605/51 new)
    Sec. 51. Notwithstanding any law to the contrary, no later
than 60 days following the effective date of this amendatory
Act of the 95th General Assembly, any fixed route public
transportation services provided by, or under grant or purchase
of service contracts of, the Board shall be provided without
charge to all senior citizens of the Metropolitan Region (as
such term is defined in 70 ILCS 3615/1.03) aged 65 and older,
under such conditions as shall be prescribed by the Board.
 
    Section 16. The Local Mass Transit District Act is amended
by adding Section 8.6 as follows:
 
    (70 ILCS 3610/8.6 new)
    Sec. 8.6. Notwithstanding any law to the contrary, no later
than 60 days following the effective date of this amendatory
Act of the 95th General Assembly, any fixed route public
transportation services provided by, or under grant or purchase
of service contracts of, every District shall be provided
without charge to all senior citizens of the District aged 65
and older, under such conditions as shall be prescribed by the
District.
 
    Section 20. The Regional Transportation Authority Act is
amended by changing Sections 1.02, 2.01, 2.04, 2.05, 2.09,
2.12, 2.14, 2.18a, 2.30, 3.01, 3.03, 3.05, 3A.10, 3A.11, 3A.14,
3B.02, 3B.03, 3B.05, 3B.07, 3B.09, 3B.10, 3B.11, 3B.12, 3B.13,
4.01, 4.02, 4.02a, 4.02b, 4.03, 4.04, 4.09, 4.11, 4.13, 4.14,
and 5.01 and by adding Sections 2.01a, 2.01b, 2.01c, 2.01d,
2.01e, 2.12b, 2.31, 3A.15, 3B.14, and 4.03.3 as follows:
 
    (70 ILCS 3615/1.02)  (from Ch. 111 2/3, par. 701.02)
    Sec. 1.02. Findings and Purpose. (a) The General Assembly
finds;
    (i) Public transportation is, as provided in Section 7 of
Article XIII of the Illinois Constitution, an essential public
purpose for which public funds may be expended and that Section
authorizes the State to provide financial assistance to units
of local government for distribution to providers of public
transportation. There is an urgent need to reform and continue
a unit of local government to assure the proper management of
public transportation and to receive and distribute State or
federal operating assistance and to raise and distribute
revenues for local operating assistance. System generated
revenues are not adequate for such service and a public need
exists to provide for, aid and assist public transportation in
the northeastern area of the State, consisting of Cook, DuPage,
Kane, Lake, McHenry and Will Counties.
    (ii) Comprehensive and coordinated regional public
transportation is essential to the public health, safety and
welfare. It is essential to economic well-being, maintenance of
full employment, conservation of sources of energy and land for
open space and reduction of traffic congestion and for
providing and maintaining a healthful environment for the
benefit of present and future generations in the metropolitan
region. Public transportation improves the mobility of the
public and improves access to jobs, commercial facilities,
schools and cultural attractions. Public transportation
decreases air pollution and other environmental hazards
resulting from excessive use of automobiles and allows for more
efficient land use and planning.
    (iii) Because system generated receipts are not presently
adequate, public transportation facilities and services in the
northeastern area are in grave financial condition. With
existing methods of financing, coordination and management,
and relative convenience of automobiles, such public
transportation facilities are not providing adequate public
transportation to insure the public health, safety and welfare.
    (iv) Additional commitments to the special public
transportation needs problems of the disabled handicapped, the
economically disadvantaged, and the elderly are necessary.
    (v) To solve these problems, it is necessary to provide for
the creation of a regional transportation authority with the
powers necessary to insure adequate public transportation.
    (b) The General Assembly further finds, in connection with
this amendatory Act of 1983:
    (i) Substantial, recurring deficits in the operations of
public transportation services subject to the jurisdiction of
the Regional Transportation Authority and periodic cash
shortages have occurred either of which could bring about a
loss of public transportation services throughout the
metropolitan region at any time;
    (ii) A substantial or total loss of public transportation
services or any segment thereof would create an emergency
threatening the safety and well-being of the people in the
northeastern area of the State; and
    (iii) To meet the urgent needs of the people of the
metropolitan region that such an emergency be averted and to
provide financially sound methods of managing the provision of
public transportation services in the northeastern area of the
State, it is necessary, while maintaining and continuing the
existing Authority, to modify the powers and responsibilities
of the Authority, to reallocate responsibility for operating
decisions, to change the composition and appointment of the
Board of Directors thereof, and to immediately establish a new
Board of Directors.
    (c) The General Assembly further finds in connection with
this amendatory Act of the 95th General Assembly:
    (i) The economic vitality of northeastern Illinois
requires regionwide and systemwide efforts to increase
ridership on the transit systems, constrain road congestion
within the metropolitan region, and allocate resources for
transportation so as to assist in the development of an
adequate, efficient, and coordinated regional transportation
system that is in a state of good repair.
    (ii) To achieve the purposes of this amendatory Act of the
95th General Assembly, the powers and duties of the Authority
must be enhanced to improve overall planning and coordination,
to achieve an integrated and efficient regional transit system,
to advance the mobility of transit users, and to increase
financial transparency of the Authority and the Service Boards.
    (d) (c) It is the purpose of this Act to provide for, aid
and assist public transportation in the northeastern area of
the State without impairing the overall quality of existing
public transportation by providing for the creation of a single
authority responsive to the people and elected officials of the
area and with the power and competence to develop, implement,
and enforce plans that promote adequate, efficient, and
coordinated public transportation, provide financial review of
the providers of public transportation in the metropolitan
region and facilitate public transportation provided by
Service Boards which is attractive and economical to users,
comprehensive, coordinated among its various elements,
economical, safe, efficient and coordinated with area and State
plans.
(Source: P.A. 83-885; 83-886.)
 
    (70 ILCS 3615/2.01)  (from Ch. 111 2/3, par. 702.01)
    Sec. 2.01. General Allocation of Responsibility for Public
Transportation. Provision of Public Transportation - Review
and Program.
    (a) In order to accomplish the its purposes as set forth in
this Act, the responsibility for planning, operating, and
funding public transportation in the metropolitan region shall
be allocated as described in this Act. The Authority shall:
        (i) adopt plans that implement the public policy of the
    State to provide adequate, efficient, and coordinated
    public transportation throughout the metropolitan region;
        (ii) set goals, objectives, and standards for the
    Authority, the Service Boards, and transportation
    agencies;
        (iii) develop performance measures to inform the
    public about the extent to which the provision of public
    transportation in the metropolitan region meets those
    goals, objectives, and standards;
        (iv) allocate operating and capital funds made
    available to support public transportation in the
    metropolitan region;
        (v) provide financial oversight of the Service Boards;
    and
        (vi) coordinate the provision of public transportation
    and the investment in public transportation facilities to
    enhance the integration of public transportation
    throughout the metropolitan region, all as provided in this
    Act.
    The the Service Boards shall, on a continuing basis
determine the level, nature and kind of public transportation
which should be provided for the metropolitan region in order
to meet the plans, goals, objectives, and standards adopted by
the Authority. The Service Boards may provide public
transportation by purchasing such service from transportation
agencies through purchase of service agreements, by grants to
such agencies or by operating such service, all pursuant to
this Act and the "Metropolitan Transit Authority Act", as now
or hereafter amended. Certain of its actions to implement the
responsibilities allocated to the Authority in this subsection
(a) shall be taken in 3 public documents adopted by the
affirmative vote of at least 12 of its then Directors: A
Strategic Plan; a Five-Year Capital Program; and an Annual
Budget and Two-Year Financial Plan. The Authority shall
establish a policy to provide adequate public transportation
throughout the metropolitan region.
    (b) The Authority shall subject the operating and capital
plans and expenditures of the Service Boards in the
metropolitan region with regard to public transportation to
continuing review so that the Authority may budget and expend
its funds with maximum effectiveness and efficiency. The
Authority shall conduct audits of each of the Service Boards no
less than every 5 years. Such audits may include management,
performance, financial, and infrastructure condition audits.
The Authority may conduct management, performance, financial,
and infrastructure condition audits of transportation agencies
that receive funds from the Authority. The Authority may direct
a Service Board to conduct any such audit of a transportation
agency that receives funds from such Service Board, and the
Service Board shall comply with such request to the extent it
has the right to do so. These audits of the Service Boards or
transportation agencies may be project or service specific
audits to evaluate their achievement of the goals and
objectives of that project or service and their compliance with
any applicable requirements. Certain of its recommendations in
this regard shall be set forth in 2 public documents, the
Five-Year Program provided for in this Section and an Annual
Budget and Program provided for in Section 4.01.
    (c) The Authority shall, in consultation with the Service
Boards, each year prepare and, by ordinance, adopt, after
public hearings held in each county in the metropolitan region,
a Five-Year Program to inform the public and government
officials of the Authority's objectives and program for
operations and capital development during the forthcoming
five-year period. The Five-Year Program shall set forth the
standards of service which the public may expect; each Service
Board's plans for coordinating routes and service of the
various transportation agencies; the anticipated expense of
providing public transportation at standards of service then
existing and under alternative operating programs; the nature,
location and expense of anticipated capital improvements
exceeding $250,000, by specific item and by fiscal year; and
such demographic and other data developed by planning and other
related agencies, as the Authority shall consider pertinent to
the Service Boards' decisions as to levels and nature of
service, including without limitation the patterns of
population density and growth, projected commercial and
residential development, environmental factors and the
availability of alternative modes of transportation. The
Five-Year Program shall be adopted on the affirmative votes of
9 of the then Directors.
(Source: P.A. 83-886.)
 
    (70 ILCS 3615/2.01a new)
    Sec. 2.01a. Strategic Plan.
    (a) By the affirmative vote of at least 12 of its then
Directors, the Authority shall adopt a Strategic Plan, no less
than every 5 years, after consultation with the Service Boards
and after holding a minimum of 3 public hearings in Cook County
and one public hearing in each of the other counties in the
region. The Executive Director of the Authority shall review
the Strategic Plan on an ongoing basis and make recommendations
to the Board of the Authority with respect to any update or
amendment of the Strategic Plan. The Strategic Plan shall
describe the specific actions to be taken by the Authority and
the Service Boards to provide adequate, efficient, and
coordinated public transportation.
    (b) The Strategic Plan shall identify goals and objectives
with respect to:
        (i) increasing ridership and passenger miles on public
    transportation funded by the Authority;
        (ii) coordination of public transportation services
    and the investment in public transportation facilities to
    enhance the integration of public transportation
    throughout the metropolitan region;
        (iii) coordination of fare and transfer policies to
    promote transfers by riders among Service Boards,
    transportation agencies, and public transportation modes,
    which may include goals and objectives for development of a
    universal fare instrument that riders may use
    interchangeably on all public transportation funded by the
    Authority, and methods to be used to allocate revenues from
    transfers;
        (iv) improvements in public transportation facilities
    to bring those facilities into a state of good repair,
    enhancements that attract ridership and improve customer
    service, and expansions needed to serve areas with
    sufficient demand for public transportation;
        (v) access for transit-dependent populations,
    including access by low-income communities to places of
    employment, utilizing analyses provided by the Chicago
    Metropolitan Agency for Planning regarding employment and
    transportation availability, and giving consideration to
    the location of employment centers in each county and the
    availability of public transportation at off-peak hours
    and on weekends;
        (vi) the financial viability of the public
    transportation system, including both operating and
    capital programs;
        (vii) limiting road congestion within the metropolitan
    region and enhancing transit options to improve mobility;
    and
        (viii) such other goals and objectives that advance the
    policy of the State to provide adequate, efficient, and
    coordinated public transportation in the metropolitan
    region.
    (c) The Strategic Plan shall establish the process and
criteria by which proposals for capital improvements by a
Service Board or a transportation agency will be evaluated by
the Authority for inclusion in the Five-Year Capital Program,
which may include criteria for:
        (i) allocating funds among maintenance, enhancement,
    and expansion improvements;
        (ii) projects to be funded from the Innovation,
    Coordination, and Enhancement Fund;
        (iii) projects intended to improve or enhance
    ridership or customer service;
        (iv) design and location of station or transit
    improvements intended to promote transfers, increase
    ridership, and support transit-oriented land development;
        (v) assessing the impact of projects on the ability to
    operate and maintain the existing transit system; and
        (vi) other criteria that advance the goals and
    objectives of the Strategic Plan.
    (d) The Strategic Plan shall establish performance
standards and measurements regarding the adequacy, efficiency,
and coordination of public transportation services in the
region and the implementation of the goals and objectives in
the Strategic Plan. At a minimum, such standards and measures
shall include customer-related performance data measured by
line, route, or sub-region, as determined by the Authority, on
the following:
        (i) travel times and on-time performance;
        (ii) ridership data;
        (iii) equipment failure rates;
        (iv) employee and customer safety; and
        (v) customer satisfaction.
    The Service Boards and transportation agencies that
receive funding from the Authority or Service Boards shall
prepare, publish, and submit to the Authority such reports with
regard to these standards and measurements in the frequency and
form required by the Authority; however, the frequency of such
reporting shall be no less than annual. The Service Boards
shall publish such reports on their respective websites. The
Authority shall compile and publish such reports on its
website. Such performance standards and measures shall not be
used as the basis for disciplinary action against any employee
of the Authority or Service Boards, except to the extent the
employment and disciplinary practices of the Authority or
Service Board provide for such action.
    (e) The Strategic Plan shall identify innovations to
improve the delivery of public transportation and the
construction of public transportation facilities.
    (f) The Strategic Plan shall describe the expected
financial condition of public transportation in the
metropolitan region prospectively over a 10-year period, which
may include information about the cash position and all known
obligations of the Authority and the Service Boards including
operating expenditures, debt service, contributions for
payment of pension and other post-employment benefits, the
expected revenues from fares, tax receipts, grants from the
federal, State, and local governments for operating and capital
purposes and issuance of debt, the availability of working
capital, and the resources needed to achieve the goals and
objectives described in the Strategic Plan.
    (g) In developing the Strategic Plan, the Authority shall
rely on such demographic and other data, forecasts, and
assumptions developed by the Chicago Metropolitan Agency for
Planning with respect to the patterns of population density and
growth, projected commercial and residential development, and
environmental factors, within the metropolitan region and in
areas outside the metropolitan region that may impact public
transportation utilization in the metropolitan region. Before
adopting or amending any Strategic Plan, the Authority shall
consult with the Chicago Metropolitan Agency for Planning
regarding the consistency of the Strategic Plan with the
Regional Comprehensive Plan adopted pursuant to the Regional
Planning Act.
    (h) The Authority may adopt, by the affirmative vote of at
least 12 of its then Directors, sub-regional or corridor plans
for specific geographic areas of the metropolitan region in
order to improve the adequacy, efficiency, and coordination of
existing, or the delivery of new, public transportation. Such
plans may also address areas outside the metropolitan region
that may impact public transportation utilization in the
metropolitan region. In preparing a sub-regional or corridor
plan, the Authority may identify changes in operating practices
or capital investment in the sub-region or corridor that could
increase ridership, reduce costs, improve coordination, or
enhance transit-oriented development. The Authority shall
consult with any affected Service Boards in the preparation of
any sub-regional or corridor plans.
    (i) If the Authority determines, by the affirmative vote of
at least 12 of its then Directors, that, with respect to any
proposed new public transportation service or facility, (i)
multiple Service Boards or transportation agencies are
potential service providers and (ii) the public transportation
facilities to be constructed or purchased to provide that
service have an expected construction cost of more than
$25,000,000, the Authority shall have sole responsibility for
conducting any alternatives analysis and preliminary
environmental assessment required by federal or State law.
Nothing in this subparagraph (i) shall prohibit a Service Board
from undertaking alternatives analysis and preliminary
environmental assessment for any public transportation service
or facility identified in items (i) and (ii) above that is
included in the Five-Year Capital Program as of the effective
date of this amendatory Act of the 95th General Assembly;
however, any expenditure related to any such public
transportation service or facility must be included in a
Five-Year Capital Program under the requirements of Sections
2.01b and 4.02 of this Act.
 
    (70 ILCS 3615/2.01b new)
    Sec. 2.01b. The Five-Year Capital Program. By the
affirmative vote of at least 12 of its then Directors, the
Authority, after consultation with the Service Boards and after
holding a minimum of 3 public hearings in Cook County and one
public hearing in each of the other counties in the
metropolitan region, shall each year adopt a Five-Year Capital
Program that shall include each capital improvement to be
undertaken by or on behalf of a Service Board provided that the
Authority finds that the improvement meets any criteria for
capital improvements contained in the Strategic Plan, is not
inconsistent with any sub-regional or corridor plan adopted by
the Authority, and can be funded within amounts available with
respect to the capital and operating costs of such improvement.
In reviewing proposals for improvements to be included in a
Five-Year Capital Program, the Authority may give priority to
improvements that are intended to bring public transportation
facilities into a state of good repair. The Five-Year Capital
Program shall also identify capital improvements to be
undertaken by a Service Board, a transportation agency, or a
unit of local government and funded by the Authority from
amounts in the Innovation, Coordination, and Enhancement Fund,
provided that no improvement that is included in the Five-Year
Capital Program as of the effective date of this amendatory Act
of the 95th General Assembly may receive funding from the
Innovation, Coordination, and Enhancement Fund. Before
adopting a Five-Year Capital Program, the Authority shall
consult with the Chicago Metropolitan Agency for Planning
regarding the consistency of the Five-Year Capital Program with
the Regional Comprehensive Plan adopted pursuant to the
Regional Planning Act.
 
    (70 ILCS 3615/2.01c new)
    Sec. 2.01c. Innovation, Coordination, and Enhancement
Fund.
    (a) The Authority shall establish an Innovation,
Coordination, and Enhancement Fund and each year deposit into
the Fund the amounts directed by Section 4.03.3 of this Act.
Amounts on deposit in such Fund and interest and other earnings
on those amounts may be used by the Authority, upon the
affirmative vote of 12 of its then Directors, and after a
public participation process, for operating or capital grants
or loans to Service Boards, transportation agencies, or units
of local government that advance the goals and objectives
identified by the Authority in its Strategic Plan, provided
that no improvement that has been included in a Five-Year
Capital Program as of the effective date of this amendatory Act
of the 95th General Assembly may receive any funding from the
Innovation, Coordination, and Enhancement Fund. Unless the
Board has determined by a vote of 12 of its then Directors that
an emergency exists requiring the use of some or all of the
funds then in the Innovation, Coordination, and Enhancement
Fund, such funds may only be used to enhance the coordination
and integration of public transportation and develop and
implement innovations to improve the quality and delivery of
public transportation.
    (b) Any grantee that receives funds from the Innovation,
Coordination, and Enhancement Fund for the operation of
eligible programs must (i) implement such programs within one
year of receipt of such funds and (ii) within 2 years following
commencement of any program utilizing such funds, determine
whether it is desirable to continue the program, and upon such
a determination, either incorporate such program into its
annual operating budget and capital program or discontinue such
program. No additional funds from the Innovation,
Coordination, and Enhancement Fund may be distributed to a
grantee for any individual program beyond 2 years unless the
Authority by the affirmative vote of at least 12 of its then
Directors waives this limitation. Any such waiver will be with
regard to an individual program and with regard to a one
year-period, and any further waivers for such individual
program require a subsequent vote of the Board.
 
    (70 ILCS 3615/2.01d new)
    Sec. 2.01d. ADA Paratransit Fund. The Authority shall
establish an ADA Paratransit Fund and, each year, deposit into
that Fund the amounts directed by Section 4.03.3 of this Act
and any funds received from the State pursuant to
appropriations for the purpose of funding ADA paratransit
services. The amounts on deposit in the Fund and interest and
other earnings on those amounts shall be used by the Authority
to make grants to the Suburban Bus Board for ADA paratransit
services provided pursuant to plans approved by the Authority
under Section 2.30 of this Act. Funds received by the Suburban
Bus Board from the Authority's ADA Paratransit Fund shall be
used only to provide ADA paratransit services to individuals
who are determined to be eligible for such services by the
Authority under the Americans with Disabilities Act of 1990 and
its implementing regulations. Revenues from and costs of
services provided by the Suburban Bus Board with grants made
under this Section shall be included in the Annual Budget and
Two-Year Financial Program of the Suburban Bus Board and shall
be subject to all budgetary and financial requirements under
this Act that apply to ADA paratransit services. Beginning in
2008, the Executive Director shall, no later than August 15 of
each year, provide to the Board a written determination of the
projected annual costs of ADA paratransit services that are
required to be provided pursuant to the Americans with
Disabilities Act of 1990 and its implementing regulations. The
Authority shall conduct triennial financial, compliance, and
performance audits of ADA paratransit services to assist in
this determination.
 
    (70 ILCS 3615/2.01e new)
    Sec. 2.01e. Suburban Community Mobility Fund. The
Authority shall establish a Suburban Community Mobility Fund
and, each year, deposit into that Fund the amounts directed by
Section 4.03.3 of this Act. The amounts on deposit in the Fund
and interest and other earnings on those amounts shall be used
by the Authority to make grants to the Suburban Bus Board for
the purpose of operating transit services, other than
traditional fixed-route services, that enhance suburban
mobility, including, but not limited to, demand-responsive
transit services, ride sharing, van pooling, service
coordination, centralized dispatching and call taking, reverse
commuting, service restructuring, and bus rapid transit.
Revenues from and costs of services provided by the Suburban
Bus Board with moneys from the Suburban Community Mobility Fund
shall be included in the Annual Budget and Two-Year Financial
Program of the Suburban Bus Board and shall be subject to all
budgetary and financial requirements under this Act.
 
    (70 ILCS 3615/2.04)  (from Ch. 111 2/3, par. 702.04)
    Sec. 2.04. Fares and Nature of Service.
    (a) Whenever a Service Board provides any public
transportation by operating public transportation facilities,
the Service Board shall provide for the level and nature of
fares or charges to be made for such services, and the nature
and standards of public transportation to be so provided that
meet the goals and objectives adopted by the Authority in the
Strategic Plan. Provided, however that if the Board adopts a
budget and financial plan for a Service Board in accordance
with the provisions in Section 4.11(b)(5), the Board may
consistent with the terms of any purchase of service contract
provide for the level and nature of fares to be made for such
services under the jurisdiction of that Service Board, and the
nature and standards of public transportation to be so
provided.
    (b) Whenever a Service Board provides any public
transportation pursuant to grants made after June 30, 1975, to
transportation agencies for operating expenses (other than
with regard to experimental programs) or pursuant to any
purchase of service agreement, the purchase of service
agreement or grant contract shall provide for the level and
nature of fares or charges to be made for such services, and
the nature and standards of public transportation to be so
provided. A Service Board shall require all transportation
agencies with which it contracts, or from which it purchases
transportation services or to which it makes grants to provide
half fare transportation for their student riders if any of
such agencies provide for half fare transportation to their
student riders.
    (c) In so providing for the fares or charges and the nature
and standards of public transportation, any purchase of service
agreements or grant contracts shall provide, among other
matters, for the terms or cost of transfers or interconnections
between different modes of transportation and different public
transportation agencies, schedules or routes of such service,
changes which may be made in such service, the nature and
condition of the facilities used in providing service, the
manner of collection and disposition of fares or charges, the
records and reports to be kept and made concerning such
service, and for interchangeable tickets or other coordinated
or uniform methods of collection of charges, and shall further
require that the transportation agency comply with any
determination made by the Board of the Authority under and
subject to the provisions of Section 2.12b of this Act. In
regard to any such service, the Authority and the Service
Boards shall give attention to and may undertake programs to
promote use of public transportation and to provide coordinated
ticket sales and passenger information. In the case of a grant
to a transportation agency which remains subject to Illinois
Commerce Commission supervision and regulation, the Service
Boards shall exercise the powers set forth in this Section in a
manner consistent with such supervision and regulation by the
Illinois Commerce Commission.
(Source: P.A. 83-886.)
 
    (70 ILCS 3615/2.05)  (from Ch. 111 2/3, par. 702.05)
    Sec. 2.05. Centralized Services; Acquisition and
Construction.
    (a) The Authority may at the request of two or more Service
Boards, serve, or designate a Service Board to serve, as a
centralized purchasing agent for the Service Boards so
requesting.
    (b) The Authority may at the request of two or more Service
Boards perform other centralized services such as ridership
information and transfers between services under the
jurisdiction of the Service Boards where such centralized
services financially benefit the region as a whole. Provided,
however, that the Board may require transfers only upon an
affirmative vote of 12 9 of its then Directors.
    (c) A Service Board or the Authority may for the benefit of
a Service Board, to meet its purposes, construct or acquire any
public transportation facility for use by a Service Board or
for use by any transportation agency and may acquire any such
facilities from any transportation agency, including also
without limitation any reserve funds, employees' pension or
retirement funds, special funds, franchises, licenses,
patents, permits and papers, documents and records of the
agency. In connection with any such acquisition from a
transportation agency the Authority may assume obligations of
the transportation agency with regard to such facilities or
property or public transportation operations of such agency.
    In connection with any construction or acquisition, the
Authority shall make relocation payments as may be required by
federal law or by the requirements of any federal agency
authorized to administer any federal program of aid.
    (d) The Authority shall, after consulting with the Service
Boards, develop regionally coordinated and consolidated sales,
marketing, advertising, and public information programs that
promote the use and coordination of, and transfers among,
public transportation services in the metropolitan region. The
Authority shall develop and adopt, with the affirmative vote of
at least 12 of its then Directors, rules and regulations for
the Authority and the Service Boards regarding such programs to
ensure that the Service Boards' independent programs conform
with the Authority's regional programs.
(Source: P.A. 83-886.)
 
    (70 ILCS 3615/2.09)  (from Ch. 111 2/3, par. 702.09)
    Sec. 2.09. Research and Development.
    (a) The Authority and the Service Boards shall study public
transportation problems and developments; encourage
experimentation in developing new public transportation
technology, financing methods, and management procedures;
conduct, in cooperation with other public and private agencies,
studies and demonstration and development projects to test and
develop methods for improving public transportation, for
reducing its costs to users or for increasing public use; and
conduct, sponsor, and participate in other studies and
experiments, which may include fare demonstration programs,
useful to achieving the purposes of this Act. The cost for any
such item authorized by this Section may be exempted by the
Board in a budget ordinance from the "costs" included in
determining that the Authority and its service boards meet the
farebox recovery ratio or system generated revenues recovery
ratio requirements of Sections 3A.10, 3B.10, 4.01(b), 4.09 and
4.11 of this Act and Section 34 of the Metropolitan Transit
Authority Act during the Authority's fiscal year which begins
January 1, 1986 and ends December 31, 1986, provided that the
cost of any item authorized herein must be specifically
approved within the budget adopted pursuant to Sections 4.01
and 4.11 of this Act for that fiscal year.
    (b) To improve public transportation service in areas of
the metropolitan region with limited access to commuter rail
service, the Authority and the Suburban Bus Division shall
evaluate the feasibility of implementing new bus rapid transit
services using the expressway and tollway systems in the
metropolitan region. The Illinois Department of Transportation
and the Illinois Toll Highway Authority shall work
cooperatively with the Authority and the Suburban Bus Division
in that evaluation and in the implementation of bus rapid
transit services. The Authority and the Suburban Bus Division,
in cooperation with the Illinois Department of Transportation,
shall develop a bus rapid transit demonstration project on
Interstate 55 located in Will, DuPage, and Cook Counties. This
demonstration project shall test and refine approaches to bus
rapid transit operations in the expressway or tollway shoulder
or regular travel lanes and shall investigate technology
options that facilitate the shared use of the transit lane and
provide revenue for financing construction and operation of
public transportation facilities.
    (c) The Suburban Bus Division and the Authority shall
cooperate in the development, funding, and operation of
programs to enhance access to job markets for residents in
south suburban Cook County. Beginning in 2008, the Authority
shall allocate to the Suburban Bus Division an amount not less
than $3,750,000, and beginning in 2009 an amount not less than
$7,500,000 annually for the costs of such programs.
(Source: P.A. 84-939.)
 
    (70 ILCS 3615/2.12)  (from Ch. 111 2/3, par. 702.12)
    Sec. 2.12. Coordination with Planning Agencies. The
Authority and the Service Boards shall cooperate with the
various public agencies charged with responsibility for
long-range or comprehensive planning for the metropolitan
region. The Authority shall utilize the official forecasts and
plans of the Chicago Metropolitan Agency for Planning in
developing the Strategic Plan and the Five-Year Capital
Program. The Authority and the Service Boards shall, prior to
the adoption of any Strategic Plan, as provided in Section
2.01a of this Act, or the adoption of any Five-Year Capital
Program, as provided in paragraph (b) of Section 2.01b 2.01 of
this Act, submit its proposals to such agencies for review and
comment. The Authority and the Service Boards may make use of
existing studies, surveys, plans, data and other materials in
the possession of any State agency or department, any planning
agency or any unit of local government.
(Source: P.A. 83-886.)
 
    (70 ILCS 3615/2.12b new)
    Sec. 2.12b. Coordination of Fares and Service. Upon the
request of a Service Board, the Executive Director of the
Authority may, upon the affirmative vote of 9 of the then
Directors of the Authority, intervene in any matter involving
(i) a dispute between Service Boards or a Service Board and a
transportation agency providing service on behalf of a Service
Board with respect to the terms of transfer between, and the
allocation of revenues from fares and charges for,
transportation services provided by the parties or (ii) a
dispute between 2 Service Boards with respect to coordination
of service, route duplication, or a change in service. Any
Service Board or transportation agency involved in such dispute
shall meet with the Executive Director, cooperate in good faith
to attempt to resolve the dispute, and provide any books,
records, and other information requested by the Executive
Director. If the Executive Director is unable to mediate a
resolution of any dispute, he or she may provide a written
determination recommending a change in the fares or charges or
the allocation of revenues for such service or directing a
change in the nature or provider of service that is the subject
of the dispute. The Executive Director shall base such
determination upon the goals and objectives of the Strategic
Plan established pursuant to Section 2.01a(b). Such
determination shall be presented to the Board of the Authority
and, if approved by the affirmative vote of at least 9 of the
then Directors of the Authority, shall be final and shall be
implemented by any affected Service Board and transportation
agency within the time frame required by the determination.
 
    (70 ILCS 3615/2.14)  (from Ch. 111 2/3, par. 702.14)
    Sec. 2.14. Appointment of Officers and Employees. The
Authority may appoint, retain and employ officers, attorneys,
agents, engineers and employees. The officers shall include an
Executive Director, who shall be the chief executive officer of
the Authority, appointed by the Chairman with the concurrence
of 11 9 of the other then Directors of the Board. The Executive
Director shall organize the staff of the Authority, shall
allocate their functions and duties, shall transfer such staff
to the Suburban Bus Division and the Commuter Rail Division as
is sufficient to meet their purposes, shall fix compensation
and conditions of employment of the staff of the Authority, and
consistent with the policies of and direction from the Board,
take all actions necessary to achieve its purposes, fulfill its
responsibilities and carry out its powers, and shall have such
other powers and responsibilities as the Board shall determine.
The Executive Director must be an individual of proven
transportation and management skills and may not be a member of
the Board. The Authority may employ its own professional
management personnel to provide professional and technical
expertise concerning its purposes and powers and to assist it
in assessing the performance of the Service Boards in the
metropolitan region.
    No unlawful discrimination, as defined and prohibited in
the Illinois Human Rights Act, shall be made in any term or
aspect of employment nor shall there be discrimination based
upon political reasons or factors. The Authority shall
establish regulations to insure that its discharges shall not
be arbitrary and that hiring and promotion are based on merit.
    The Authority shall be subject to the "Illinois Human
Rights Act", as now or hereafter amended, and the remedies and
procedure established thereunder. The Authority shall file an
affirmative action program for employment by it with the
Department of Human Rights to ensure that applicants are
employed and that employees are treated during employment,
without regard to unlawful discrimination. Such affirmative
action program shall include provisions relating to hiring,
upgrading, demotion, transfer, recruitment, recruitment
advertising, selection for training and rates of pay or other
forms of compensation.
(Source: P.A. 83-886.)
 
    (70 ILCS 3615/2.18a)  (from Ch. 111 2/3, par. 702.18a)
    Sec. 2.18a. (a) The provisions of this Section apply to
collective bargaining agreements (including extensions and
amendments to existing agreements) between Service Boards or
transportation agencies subject to the jurisdiction of Service
Boards and their employees, which are entered into after
January 1, 1984.
    (b) The Authority shall approve amended budgets prepared by
Service Boards which incorporate the costs of collective
bargaining agreements between Service Boards and their
employees. The Authority shall approve such an amended budget
provided that it determines by the affirmative vote of 12 9 of
its then members that the amended budget meets the standards
established in Section 4.11.
(Source: P.A. 83-886.)
 
    (70 ILCS 3615/2.30)
    Sec. 2.30. Paratransit services.
    (a) For purposes of this Act, "ADA paratransit services"
shall mean those comparable or specialized transportation
services provided by, or under grant or purchase of service
contracts of, the Service Boards to individuals with
disabilities who are unable to use fixed route transportation
systems and who are determined to be eligible, for some or all
of their trips, for such services under the Americans with
Disabilities Act of 1990 and its implementing regulations.
    (b) Beginning July 1, 2005, the Authority is responsible
for the funding, from amounts on deposit in the ADA Paratransit
Fund established under Section 2.01d of this Act, financial
review and oversight of all ADA paratransit services that are
provided by the Authority or by any of the Service Boards. The
Suburban Bus Board shall operate or provide for the operation
of all ADA paratransit services by no later than July 1, 2006,
except that this date may be extended to the extent necessary
to obtain approval from the Federal Transit Administration of
the plan prepared pursuant to subsection (c).
    (c) No later than January 1, 2006, the Authority, in
collaboration with the Suburban Bus Board and the Chicago
Transit Authority, shall develop a plan for the provision of
ADA paratransit services and submit such plan to the Federal
Transit Administration for approval. Approval of such plan by
the Authority shall require the affirmative votes of 12 9 of
the then Directors. The Suburban Bus Board, the Chicago Transit
Authority and the Authority shall comply with the requirements
of the Americans with Disabilities Act of 1990 and its
implementing regulations in developing and approving such plan
including, without limitation, consulting with individuals
with disabilities and groups representing them in the
community, and providing adequate opportunity for public
comment and public hearings. The plan shall include the
contents required for a paratransit plan pursuant to the
Americans with Disabilities Act of 1990 and its implementing
regulations. The plan shall also include, without limitation,
provisions to:
        (1) maintain, at a minimum, the levels of ADA
    paratransit service that are required to be provided by the
    Service Boards pursuant to the Americans with Disabilities
    Act of 1990 and its implementing regulations;
        (2) transfer the appropriate ADA paratransit services,
    management, personnel, service contracts and assets from
    the Chicago Transit Authority to the Authority or the
    Suburban Bus Board, as necessary, by no later than July 1,
    2006, except that this date may be extended to the extent
    necessary to obtain approval from the Federal Transit
    Administration of the plan prepared pursuant to this
    subsection (c);
        (3) provide for consistent policies throughout the
    metropolitan region for scheduling of ADA paratransit
    service trips to and from destinations, with consideration
    of scheduling of return trips on a "will-call" open-ended
    basis upon request of the rider, if practicable, and with
    consideration of an increased number of trips available by
    subscription service than are available as of the effective
    date of this amendatory Act;
        (4) provide that service contracts and rates, entered
    into or set after the approval by the Federal Transit
    Administration of the plan prepared pursuant to subsection
    (c) of this Section, with private carriers and taxicabs for
    ADA paratransit service are procured by means of an open
    procurement process;
        (5) provide for fares, fare collection and billing
    procedures for ADA paratransit services throughout the
    metropolitan region;
        (6) provide for performance standards for all ADA
    paratransit service transportation carriers, with
    consideration of door-to-door service;
        (7) provide, in cooperation with the Illinois
    Department of Transportation, the Illinois Department of
    Public Aid and other appropriate public agencies and
    private entities, for the application and receipt of
    grants, including, without limitation, reimbursement from
    Medicaid or other programs for ADA paratransit services;
        (8) provide for a system of dispatch of ADA paratransit
    services transportation carriers throughout the
    metropolitan region, with consideration of county-based
    dispatch systems already in place as of the effective date
    of this amendatory Act;
        (9) provide for a process of determining eligibility
    for ADA paratransit services that complies with the
    Americans with Disabilities Act of 1990 and its
    implementing regulations;
        (10) provide for consideration of innovative methods
    to provide and fund ADA paratransit services; and
        (11) provide for the creation of one or more ADA
    advisory boards, or the reconstitution of the existing ADA
    advisory boards for the Service Boards, to represent the
    diversity of individuals with disabilities in the
    metropolitan region and to provide appropriate ongoing
    input from individuals with disabilities into the
    operation of ADA paratransit services.
    (d) All revisions and annual updates to the ADA paratransit
services plan developed pursuant to subsection (c) of this
Section, or certifications of continued compliance in lieu of
plan updates, that are required to be provided to the Federal
Transit Administration shall be developed by the Authority, in
collaboration with the Suburban Bus Board and the Chicago
Transit Authority, and the Authority shall submit such
revision, update or certification to the Federal Transit
Administration for approval. Approval of such revisions,
updates or certifications by the Authority shall require the
affirmative votes of 12 9 of the then Directors.
    (e) The Illinois Department of Transportation, the
Illinois Department of Public Aid, the Authority, the Suburban
Bus Board and the Chicago Transit Authority shall enter into
intergovernmental agreements as may be necessary to provide
funding and accountability for, and implementation of, the
requirements of this Section.
    (f) By no later than April 1, 2007, the Authority shall
develop and submit to the General Assembly and the Governor a
funding plan for ADA paratransit services. Approval of such
plan by the Authority shall require the affirmative votes of 12
9 of the then Directors. The funding plan shall, at a minimum,
contain an analysis of the current costs of providing ADA
paratransit services, projections of the long-term costs of
providing ADA paratransit services, identification of and
recommendations for possible cost efficiencies in providing
ADA paratransit services, and identification of and
recommendations for possible funding sources for providing ADA
paratransit services. The Illinois Department of
Transportation, the Illinois Department of Public Aid, the
Suburban Bus Board, the Chicago Transit Authority and other
State and local public agencies as appropriate shall cooperate
with the Authority in the preparation of such funding plan.
    (g) Any funds derived from the federal Medicaid program for
reimbursement of the costs of providing ADA paratransit
services within the metropolitan region shall be directed to
the Authority and shall be used to pay for or reimburse the
costs of providing such services.
    (h) Nothing in this amendatory Act shall be construed to
conflict with the requirements of the Americans with
Disabilities Act of 1990 and its implementing regulations.
(Source: P.A. 94-370, eff. 7-29-05.)
 
    (70 ILCS 3615/2.31 new)
    Sec. 2.31. Disadvantaged Business Enterprise Contracting
and Equal Employment Opportunity Programs. The Authority and
each Service Board shall, as soon as is practicable but in no
event later than two years after the effective date of this
amendatory Act of the 95th General Assembly, establish and
maintain a disadvantaged business enterprise contracting
program designed to ensure non-discrimination in the award and
administration of contracts not covered under a federally
mandated disadvantaged business enterprise program. The
program shall establish narrowly tailored goals for the
participation of disadvantaged business enterprises as the
Authority and each Service Board determines appropriate. The
goals shall be based on demonstrable evidence of the
availability of ready, willing, and able disadvantaged
business enterprises relative to all businesses ready,
willing, and able to participate on the program's contracts.
The program shall require the Authority and each Service Board
to monitor the progress of the contractors' obligations with
respect to the program's goals. Nothing in this program shall
conflict with or interfere with the maintenance or operation
of, or compliance with, any federally mandated disadvantaged
business enterprise program.
    The Authority and each Service Board shall establish and
maintain a program designed to promote equal employment
opportunity. Each year, no later than October 1, the Authority
and each Service Board shall report to the General Assembly on
the number of their respective employees and the number of
their respective employees who have designated themselves as
members of a minority group and gender.
    Each year no later than October 1, and starting no later
than the October 1 after the establishment of their
disadvantaged business enterprise contracting programs, the
Authority and each Service Board shall submit a report with
respect to such program to the General Assembly. In addition,
each year no later than October 1, the Authority and each
Service Board shall submit a copy of its federally mandated
semi-annual Uniform Report of Disadvantaged Business
Enterprises Awards or Commitments and Payments to the General
Assembly.
 
    (70 ILCS 3615/3.01)  (from Ch. 111 2/3, par. 703.01)
    Sec. 3.01. Board of Directors. The Upon expiration of the
term of the members of the Transition Board as provided for in
Section 3.09, the corporate authorities and governing body of
the Authority shall be a Board consisting of 13 Directors until
April 1, 2008, and 16 Directors thereafter, appointed as
follows:
    (a) Four Directors appointed by the Mayor of the City of
Chicago, with the advice and consent of the City Council of the
City of Chicago, and, only until April 1, 2008, a fifth
director who shall be the Chairman of the Chicago Transit
Authority. After April 1, 2008, the Mayor of the City of
Chicago, with the advice and consent of the City Council of the
City of Chicago, shall appoint a fifth Director. The Directors
appointed by the Mayor of the City of Chicago shall not be the
Chairman or a Director of the Chicago Transit Authority. Each
such Director shall reside in the City of Chicago except the
Chairman of the Chicago Transit Authority who shall reside
within the metropolitan area as defined in the Metropolitan
Transit Authority Act.
    (b) Four Directors appointed by the votes of a majority of
the members of the Cook County Board elected from that part of
Cook County outside of Chicago, or, in the event such Board of
Commissioners becomes elected from single member districts, by
those Commissioners elected from districts, a majority of the
electors of which reside outside Chicago. After April 1, 2008,
a fifth Director appointed by the President of the Cook County
Board with the advice and consent of the members of the Cook
County Board. In either case, such appointment shall be with
the concurrence of four such Commissioners. Each such Director
appointed under this subparagraph shall reside in that part of
Cook County outside Chicago.
    (c) Until April 1, 2008, 3 Directors appointed by the
Chairmen of the County Boards of DuPage, Kane, Lake, McHenry,
and Will Counties, as follows:
        (i) Two Directors appointed by the Chairmen of the
    county boards of Kane, Lake, McHenry and Will Counties,
    with the concurrence of not less than a majority of the
    Chairmen from such counties, from nominees by the Chairmen.
    Each such Chairman may nominate not more than 2 persons for
    each position. Each such Director shall reside in a county
    in the metropolitan region other than Cook or DuPage
    Counties.
        (ii) (d) One Director shall be appointed by the
    Chairman of the Board of DuPage County Board with the
    advice and consent of the County Board of DuPage County
    Board. Such Director and shall reside in DuPage County.
    (d) After April 1, 2008, 5 Directors appointed by the
Chairmen of the County Boards of DuPage, Kane, Lake and McHenry
Counties and the County Executive of Will County, as follows:
        (i) One Director appointed by the Chairman of the Kane
    County Board with the advice and consent of the Kane County
    Board. Such Director shall reside in Kane County.
        (ii) One Director appointed by the County Executive of
    Will County with the advice and consent of the Will County
    Board. Such Director shall reside in Will County.
        (iii) One Director appointed by the Chairman of the
    DuPage County Board with the advice and consent of the
    DuPage County Board. Such Director shall reside in DuPage
    County.
        (iv) One Director appointed by the Chairman of the Lake
    County Board with the advice and consent of the Lake County
    Board. Such Director shall reside in Lake County.
        (v) One Director appointed by the Chairman of the
    McHenry County Board with the advice and consent of the
    McHenry County Board. Such Director shall reside in McHenry
    County.
        (vi) To implement the changes in appointing authority
    under this subparagraph (d) the three Directors appointed
    under subparagraph (c) and residing in Lake County, DuPage
    County, and Kane County respectively shall each continue to
    serve as Director until the expiration of their respective
    term of office and until his or her successor is appointed
    and qualified or a vacancy occurs in the office. Thereupon,
    the appointment shall be made by the officials given
    appointing authority with respect to the Director whose
    term has expired or office has become vacant.
    (e) The Chairman serving on the effective date of this
amendatory Act of the 95th General Assembly shall continue to
serve as Chairman until the expiration of his or her term of
office and until his or her successor is appointed and
qualified or a vacancy occurs in the office Before January 1,
1987, for the term expiring July 1, 1989, the Chairman shall be
appointed by the Governor. Thereafter the Chairman shall be
appointed by the other 12 Directors with the concurrence of
three-fourths of such Directors. Upon the expiration or vacancy
of the term of the Chairman then serving upon the effective
date of this amendatory Act of the 95th General Assembly, the
Chairman shall be appointed by the other Directors, by the
affirmative vote of at least 11 of the then Directors with at
least 2 affirmative votes from Directors who reside in the City
of Chicago, at least 2 affirmative votes from Directors who
reside in Cook County outside the City of Chicago, and at least
2 affirmative votes from Directors who reside in the Counties
of DuPage, Lake, Will, Kane, or McHenry. The chairman shall not
be appointed from among the other Directors. The chairman shall
be a resident of the metropolitan region.
    (f) Except as otherwise provided by this Act no Director
shall, while serving as such, be an officer, a member of the
Board of Directors or Trustees or an employee of any Service
Board or transportation agency, or be an employee of the State
of Illinois or any department or agency thereof, or of any unit
of local government or receive any compensation from any
elected or appointed office under the Constitution and laws of
Illinois; except that a Director may be a member of a school
board.
    (g) Each appointment made under this Section and under
Section 3.03 shall be certified by the appointing authority to
the Board, which shall maintain the certifications as part of
the official records of the Authority; provided that the
initial appointments shall be certified to the Secretary of
State, who shall transmit the certifications to the Board
following its organization. All appointments made by the
Governor shall be made with the advice and consent of the
Senate.
    (h) (Blank). The Board of Directors shall be so appointed
as to represent the City of Chicago, that part of Cook County
outside the City of Chicago, and that part of the metropolitan
region outside Cook County on the one man one vote basis. After
each Federal decennial census the General Assembly shall review
the composition of the Board and, if a change is needed to
comply with this requirement, shall provide for the necessary
revision by July 1 of the third year after such census.
Provided, however, that the Chairman of the Chicago Transit
Authority shall be a Director of the Authority and shall be
considered as representing the City of Chicago for purposes of
this paragraph.
    Insofar as may be practicable, the changes in Board
membership necessary to achieve this purpose shall take effect
as appropriate members terms expire, no member's term being
reduced by reason of such revision of the composition of the
Board.
(Source: P.A. 83-1417.)
 
    (70 ILCS 3615/3.03)  (from Ch. 111 2/3, par. 703.03)
    Sec. 3.03. Terms, vacancies. Each Director, including the
Chairman, shall be appointed for an initial term as provided
for in Section 3.10 of this Act. Thereafter, each Director
shall hold office for a term of 5 years, and until his
successor has been appointed and has qualified. A vacancy shall
occur upon resignation, death, conviction of a felony, or
removal from office of a Director. Any Director may be removed
from office upon concurrence of not less than 11 9 Directors,
on a formal finding of incompetence, neglect of duty, or
malfeasance in office. Within 30 days after the office of any
member becomes vacant for any reason, the appointing
authorities of such member shall make an appointment to fill
the vacancy. A vacancy shall be filled for the unexpired term.
    Whenever After October 1, 1984, whenever a vacancy for a
Director, except as to the Chairman or those Directors
appointed by the Governor or the Mayor of the City of Chicago,
exists for longer than 4 months, the new Director shall be
chosen by election by all legislative members in the General
Assembly representing the affected area. In order to qualify as
a voting legislative member in this matter, the affected area
must be more than 50% of the geographic area of the legislative
district.
(Source: P.A. 86-1475.)
 
    (70 ILCS 3615/3.05)  (from Ch. 111 2/3, par. 703.05)
    Sec. 3.05. Meetings. The Board shall prescribe the times
and places for meetings and the manner in which special
meetings may be called. The Board shall comply in all respects
with the "Open Meetings Act", approved July 11, 1957, as now or
hereafter amended. All records, documents and papers of the
Authority, other than those relating to matters concerning
which closed sessions of the Board may be held, shall be
available for public examination, subject to such reasonable
regulations as the Board may adopt.
    A majority of the Directors holding office shall constitute
a quorum for the conduct of business. Except as otherwise
provided in this Act, the affirmative votes of at least 9 7
Directors shall be necessary for approving any contract or
agreement, adopting any rule or regulation, and any other
action required by this Act to be taken by resolution or
ordinance.
    The Board shall meet with the Regional Citizens Advisory
Board at least once every 4 months.
(Source: P.A. 83-886.)
 
    (70 ILCS 3615/3A.10)  (from Ch. 111 2/3, par. 703A.10)
    Sec. 3A.10. Budget and Program. The Suburban Bus Board,
subject to the powers of the Authority in Section 4.11, shall
control the finances of the Division. It shall by ordinance
appropriate money to perform the Division's purposes and
provide for payment of debts and expenses of the Division. Each
year the Suburban Bus Board shall prepare and publish a
comprehensive annual budget and proposed five-year capital
program document, and a financial plan for the 2 years
thereafter describing the state of the Division and presenting
for the forthcoming fiscal year and the 2 following years the
Suburban Bus Board's plans for such operations and capital
expenditures as it intends to undertake and the means by which
it intends to finance them. The proposed budget, and financial
plan, and five-year capital program shall be based on the
Authority's estimate of funds to be made available to the
Suburban Bus Board by or through the Authority and shall
conform in all respects to the requirements established by the
Authority. The proposed program and budget, financial plan, and
five-year capital program shall contain a statement of the
funds estimated to be on hand at the beginning of the fiscal
year, the funds estimated to be received from all sources for
such year and the funds estimated to be on hand at the end of
such year. After adoption of the Authority's first Five-Year
Program, as provided in Section 2.01 of this Act, the proposed
program and budget shall specifically identify any respect in
which the recommended program deviates from the Authority's
then existing Five-Year Program, giving the reasons for such
deviation. The fiscal year of the Division shall be the same as
the fiscal year of the Authority. Before the proposed budget,
and program and financial plan, and five-year capital program
are submitted to the Authority, the Suburban Bus Board shall
hold at least one public hearing thereon in each of the
counties in the metropolitan region in which the Division
provides service. The Suburban Bus Board shall hold at least
one meeting for consideration of the proposed program and
budget, financial plan, and five-year capital program with the
county board of each of the several counties in the
metropolitan region in which the Division provides service.
After conducting such hearings and holding such meetings and
after making such changes in the proposed program and budget,
financial plan, and five-year capital program as the Suburban
Bus Board deems appropriate, it shall adopt an annual budget
ordinance at least by November 15 next preceding the beginning
of each fiscal year. The budget, and program, and financial
plan, and five-year capital program shall then be submitted to
the Authority as provided in Section 4.11. In the event that
the Board of the Authority determines that the budget and
program, and financial plan do not meet the standards of
Section 4.11, the Suburban Bus Board shall make such changes as
are necessary to meet such requirements and adopt an amended
budget ordinance. The amended budget ordinance shall be
resubmitted to the Authority pursuant to Section 4.11. The
ordinance shall appropriate such sums of money as are deemed
necessary to defray all necessary expenses and obligations of
the Division, specifying purposes and the objects or programs
for which appropriations are made and the amount appropriated
for each object or program. Additional appropriations,
transfers between items and other changes in such ordinance
which do not alter the basis upon which the balanced budget
determination was made by the Board of the Authority may be
made from time to time by the Suburban Bus Board.
    The budget shall:
        (i) show a balance between (A) anticipated revenues
    from all sources including operating subsidies and (B) the
    costs of providing the services specified and of funding
    any operating deficits or encumbrances incurred in prior
    periods, including provision for payment when due of
    principal and interest on outstanding indebtedness;
        (ii) show cash balances including the proceeds of any
    anticipated cash flow borrowing sufficient to pay with
    reasonable promptness all costs and expenses as incurred;
        (iii) provide for a level of fares or charges and
    operating or administrative costs for the public
    transportation provided by or subject to the jurisdiction
    of the Suburban Bus Board sufficient to allow the Suburban
    Bus Board to meet its required system generated revenues
    recovery ratio and, beginning with the 2007 fiscal year,
    its system generated ADA paratransit services revenue
    recovery ratio;
        (iv) be based upon and employ assumptions and
    projections which are reasonable and prudent;
        (v) have been prepared in accordance with sound
    financial practices as determined by the Board of the
    Authority; and
        (vi) meet such other uniform financial, budgetary, or
    fiscal requirements that the Board of the Authority may by
    rule or regulation establish; and .
        (vii) be consistent with the goals and objectives
    adopted by the Regional Transportation Authority in the
    Strategic Plan.
(Source: P.A. 94-370, eff. 7-29-05.)
 
    (70 ILCS 3615/3A.11)  (from Ch. 111 2/3, par. 703A.11)
    Sec. 3A.11. Citizens Advisory Board. The Suburban Bus Board
shall establish a citizens advisory board composed of 10
residents of those portions of the metropolitan region in which
the Suburban Bus Board provides service who have an interest in
public transportation. The members of the advisory board shall
be named for 2 year terms, shall select one of their members to
serve as chairman and shall serve without compensation. The
citizens advisory board shall meet with the Suburban Bus Board
at least quarterly and advise the Suburban Bus Board of the
impact of its policies and programs on the communities it
serves. Appointments to the citizens advisory board should, to
the greatest extent possible, reflect the ethnic, cultural, and
geographic diversity of all persons residing within the
Suburban Bus Board's jurisdiction.
(Source: P.A. 83-886.)
 
    (70 ILCS 3615/3A.14)  (from Ch. 111 2/3, par. 703A.14)
    Sec. 3A.14. Labor. (a) The provisions of this Section apply
to collective bargaining agreements (including extensions and
amendments of existing agreements) entered into on or after
January 1, 1984.
    (b) The Suburban Bus Board shall deal with and enter into
written contracts with their employees, through accredited
representatives of such employees authorized to act for such
employees concerning wages, salaries, hours, working
conditions, and pension or retirement provisions about which a
collective bargaining agreement has been entered prior to the
effective date of this amendatory Act of 1983. Any such
agreement of the Suburban Bus Board shall provide that the
agreement may be reopened if the amended budget submitted
pursuant to Section 2.18a of this Act is not approved by the
Board of the Authority. The agreement may not include a
provision requiring the payment of wage increases based on
changes in the Consumer Price Index. The Suburban Bus Board
shall not have the authority to enter collective bargaining
agreements with respect to inherent management rights, which
include such areas of discretion or policy as the functions of
the employer, standards of services, its overall budget, the
organizational structure and selection of new employees and
direction of personnel. Employers, however, shall be required
to bargain collectively with regard to policy matters directly
affecting wages, hours and terms and conditions of employment,
as well as the impact thereon, upon request by employee
representatives. To preserve the rights of employers and
exclusive representatives which have established collective
bargaining relationships or negotiated collective bargaining
agreements prior to the effective date of this amendatory Act
of 1983, employers shall be required to bargain collectively
with regard to any matter concerning wages, hours or conditions
of employment about which they have bargained prior to the
effective date of this amendatory Act of 1983.
    (c) The collective bargaining agreement may not include a
prohibition on the use of part-time operators on any service
operated by the Suburban Bus Board except where prohibited by
federal law.
    (d) Within 30 days of the signing of any such collective
bargaining agreement, the Suburban Bus Board shall determine
the costs of each provision of the agreement, prepare an
amended budget incorporating the costs of the agreement, and
present the amended budget to the Board of the Authority for
its approval under Section 4.11. The Board may approve the
amended budget by an affirmative vote of 12 9 of its then
Directors. If the budget is not approved by the Board of the
Authority, the agreement may be reopened and its terms may be
renegotiated. Any amended budget which may be prepared
following renegotiation shall be presented to the Board of the
Authority for its approval in like manner.
(Source: P.A. 83-886.)
 
    (70 ILCS 3615/3A.15 new)
    Sec. 3A.15. Notwithstanding any law to the contrary, no
later than 60 days following the effective date of this
amendatory Act of the 95th General Assembly, any fixed route
public transportation services provided by, or under grant or
purchase of service contracts of, the Suburban Bus Board shall
be provided without charge to all senior citizens of the
Metropolitan Region aged 65 and older, under such conditions as
shall be prescribed by the Suburban Bus Board.
 
    (70 ILCS 3615/3B.02)  (from Ch. 111 2/3, par. 703B.02)
    Sec. 3B.02. Commuter Rail Board.
    (a) Until April 1, 2008, the The governing body of the
Commuter Rail Division shall be a board consisting of 7
directors appointed pursuant to Sections 3B.03 and 3B.04, as
follows:
        (1) (a) One director shall be appointed by the Chairman
    of the Board of DuPage County with the advice and consent
    of the County Board of DuPage County and shall reside in
    DuPage County. ;
        (2) (b) Two directors appointed by the Chairmen of the
    County Boards of Kane, Lake, McHenry and Will Counties with
    the concurrence of not less than a majority of the chairmen
    from such counties, from nominees by the Chairmen. Each
    such chairman may nominate not more than two persons for
    each position. Each such director shall reside in a county
    in the metropolitan region other than Cook or DuPage
    County.
        (3) (c) Three directors appointed by the members of the
    Cook County Board elected from that part of Cook County
    outside of Chicago, or, in the event such Board of
    Commissioners becomes elected from single member
    districts, by those Commissioners elected from districts,
    a majority of the residents of which reside outside
    Chicago. In either case, such appointment shall be with the
    concurrence of four such Commissioners. Each such director
    shall reside in that part of Cook County outside Chicago.
        (4) (d) One director appointed by the Mayor of the City
    of Chicago, with the advice and consent of the City Council
    of the City of Chicago. Such director shall reside in the
    City of Chicago.
        (5) The chairman shall be appointed by the directors,
    from the members of the board, with the concurrence of 5 of
    such directors.
    (b) After April 1, 2008 the governing body of the Commuter
Rail Division shall be a board consisting of 11 directors
appointed, pursuant to Sections 3B.03 and 3B.04, as follows:
        (1) One Director shall be appointed by the Chairman of
    the DuPage County Board with the advice and consent of the
    DuPage County Board and shall reside in DuPage County. To
    implement the changes in appointing authority under this
    Section, upon the expiration of the term of or vacancy in
    office of the Director appointed under item (1) of
    subsection (a) of this Section who resides in DuPage
    County, a Director shall be appointed under this
    subparagraph.
        (2) One Director shall be appointed by the Chairman of
    the McHenry County Board with the advice and consent of the
    McHenry County Board and shall reside in McHenry County. To
    implement the change in appointing authority under this
    Section, upon the expiration of the term of or vacancy in
    office of the Director appointed under item (2) of
    subsection (a) of this Section who resides in McHenry
    County, a Director shall be appointed under this
    subparagraph.
        (3) One Director shall be appointed by the Will County
    Executive with the advice and consent of the Will County
    Board and shall reside in Will County. To implement the
    change in appointing authority under this Section, upon the
    expiration of the term of or vacancy in office of the
    Director appointed under item (2) of subsection (a) of this
    Section who resides in Will County, a Director shall be
    appointed under this subparagraph.
        (4) One Director shall be appointed by the Chairman of
    the Lake County Board with the advice and consent of the
    Lake County Board and shall reside in Lake County.
        (5) One Director shall be appointed by the Chairman of
    the Kane County Board with the advice and consent of the
    Kane County Board and shall reside in Kane County.
        (6) One Director shall be appointed by the Mayor of the
    City of Chicago with the advice and consent of the City
    Council of the City of Chicago and shall reside in the City
    of Chicago. To implement the changes in appointing
    authority under this Section, upon the expiration of the
    term of or vacancy in office of the Director appointed
    under item (4) of subsection (a) of this Section who
    resides in the City of Chicago, a Director shall be
    appointed under this subparagraph.
        (7) Five Directors residing in Cook County outside of
    the City of Chicago, as follows:
            (i) One Director who resides in Cook County outside
        of the City of Chicago, appointed by the President of
        the Cook County Board with the advice and consent of
        the members of the Cook County Board.
            (ii) One Director who resides in the township of
        Barrington, Palatine, Wheeling, Hanover, Schaumburg,
        or Elk Grove. To implement the changes in appointing
        authority under this Section, upon the expiration of
        the term of or vacancy in office of the Director
        appointed under paragraph (3) of subsection (a) of this
        Section who resides in the geographic area described in
        this subparagraph, a Director shall be appointed under
        this subparagraph.
            (iii) One Director who resides in the township of
        Northfield, New Trier, Maine, Niles, Evanston, Leyden,
        Norwood Park, River Forest, or Oak Park.
            (iv) One Director who resides in the township of
        Proviso, Riverside, Berwyn, Cicero, Lyons, Stickney,
        Lemont, Palos, or Orland. To implement the changes in
        appointing authority under this Section, upon the
        expiration of the term of or vacancy in office of the
        Director appointed under paragraph (3) of subsection
        (a) of this Section who resides in the geographic area
        described in this subparagraph and whose term of office
        had not expired as of August 1, 2007, a Director shall
        be appointed under this subparagraph.
            (v) One Director who resides in the township of
        Worth, Calumet, Bremen, Thornton, Rich, or Bloom. To
        implement the changes in appointing authority under
        this Section, upon the expiration of the term of or
        vacancy in office of the Director appointed under
        paragraph (3) of subsection (a) of this Section who
        resides in the geographic area described in this
        subparagraph and whose term of office had expired as of
        August 1, 2007, a Director shall be appointed under
        this subparagraph.
            (vi) The Directors identified under the provisions
        of subparagraphs (ii) through (v) of this paragraph (7)
        shall be appointed by the members of the Cook County
        Board. Each individual Director shall be appointed by
        those members of the Cook County Board whose Board
        districts overlap in whole or in part with the
        geographic territory described in the relevant
        subparagraph. The vote of County Board members
        eligible to appoint directors under the provisions of
        subparagraphs (ii) through (v) of this paragraph (7)
        shall be weighted by the number of electors residing in
        those portions of their Board districts within the
        geographic territory described in the relevant
        subparagraph (ii) through (v) of this paragraph (7).
        (8) The Chairman shall be appointed by the Directors,
    from the members of the Board, with the concurrence of 8 of
    such Directors. To implement the changes in appointing
    authority under this Section, upon the expiration of the
    term of or vacancy in office of the Chairman appointed
    under item (5) of subsection (a) of this Section, a
    Chairman shall be appointed under this subparagraph.
    (c) No director, while serving as such, shall be an
officer, a member of the board of directors or trustee or an
employee of any transportation agency, or be an employee of the
State of Illinois or any department or agency thereof, or of
any unit of local government or receive any compensation from
any elected or appointed office under the Constitution and laws
of Illinois.
    (d) Each appointment made under subsections (a) and (b) of
this Section paragraphs (a) through (d) and under Section 3B.03
shall be certified by the appointing authority to the Commuter
Rail Board which shall maintain the certifications as part of
the official records of the Commuter Rail Board; provided that
the initial appointments shall be certified to the Secretary of
State, who shall transmit the certifications to the Commuter
Rail Board following its organization.
    Appointments to the Commuter Rail Board shall be
apportioned so as to represent the City of Chicago, that part
of Cook County outside of the City of Chicago, and DuPage
County and that part of the metropolitan region other than Cook
and DuPage Counties based on morning boardings of the services
provided by the Commuter Rail Division as certified to the
Board of the Authority by the Commuter Rail Board, provided
however that the Mayor of the City of Chicago shall appoint no
fewer than 1 member of the Commuter Rail Board. Within two
years after each federal decennial census, the Board of the
Authority shall review the composition of the Commuter Rail
Board and, if change is needed to comply with this requirement,
shall provide for the necessary reapportionment by July 1 of
the second year after such census. Insofar as may be
practicable, the changes in board membership necessary to
achieve this purpose shall take effect as appropriate members
terms expire, no member's term being reduced by reason of such
revision of the composition of the Commuter Rail Board.
(Source: P.A. 83-886.)
 
    (70 ILCS 3615/3B.03)  (from Ch. 111 2/3, par. 703B.03)
    Sec. 3B.03. Terms, Vacancies. Each The initial term of the
director appointed pursuant to subdivision (a) of Section 3B.02
and the initial term of one of the directors appointed pursuant
to subdivision (b) of Section 3B.02 shall expire on June 30,
1985; the initial term of one of the directors appointed
pursuant to subdivision (b) of Section 3B.02 and the initial
term of one of the directors appointed pursuant to subdivision
(c) of Section 3B.02 shall expire on June 30, 1986; the initial
terms of two of the directors appointed pursuant to subdivision
(c) of Section 3B.02 shall expire on June 30, 1987; the initial
term of the director appointed pursuant to subdivision (d) of
Section 3B.02 shall expire on June 30, 1988. Thereafter, each
director shall be appointed for a term of 4 years, and until
his successor has been appointed and qualified. A vacancy shall
occur upon the resignation, death, conviction of a felony, or
removal from office of a director. Any director may be removed
from office upon the concurrence of not less than 8 6
directors, on a formal finding of incompetence, neglect of
duty, or malfeasance in office. Within 30 days after the office
of any director becomes vacant for any reason, the appropriate
appointing authorities of such director, as provided in Section
3B.02, shall make an appointment to fill the vacancy. A vacancy
shall be filled for the unexpired term.
(Source: P.A. 84-939.)
 
    (70 ILCS 3615/3B.05)  (from Ch. 111 2/3, par. 703B.05)
    Sec. 3B.05. Appointment of officers and employees. The
Commuter Rail Board shall appoint an Executive Director who
shall be the chief executive officer of the Division,
appointed, retained or dismissed with the concurrence of 8 6 of
the directors of the Commuter Rail Board. The Executive
Director shall appoint, retain and employ officers, attorneys,
agents, engineers, employees and shall organize the staff,
shall allocate their functions and duties, fix compensation and
conditions of employment, and consistent with the policies of
and direction from the Commuter Rail Board take all actions
necessary to achieve its purposes, fulfill its
responsibilities and carry out its powers, and shall have such
other powers and responsibilities as the Commuter Rail Board
shall determine. The Executive Director shall be an individual
of proven transportation and management skills and may not be a
member of the Commuter Rail Board. The Division may employ its
own professional management personnel to provide professional
and technical expertise concerning its purposes and powers and
to assist it in assessing the performance of transportation
agencies in the metropolitan region.
    No unlawful discrimination, as defined and prohibited in
the Illinois Human Rights Act, shall be made in any term or
aspect of employment nor shall there be discrimination based
upon political reasons or factors. The Commuter Rail Board
shall establish regulations to insure that its discharges shall
not be arbitrary and that hiring and promotion are based on
merit.
    The Division shall be subject to the "Illinois Human Rights
Act", as now or hereafter amended, and the remedies and
procedure established thereunder. The Commuter Rail Board
shall file an affirmative action program for employment by it
with the Department of Human Rights to ensure that applicants
are employed and that employees are treated during employment,
without regard to unlawful discrimination. Such affirmative
action program shall include provisions relating to hiring,
upgrading, demotion, transfer, recruitment, recruitment
advertising, selection for training and rates of pay or other
forms of compensation.
(Source: P.A. 83-885; 83-886.)
 
    (70 ILCS 3615/3B.07)  (from Ch. 111 2/3, par. 703B.07)
    Sec. 3B.07. Meetings. The Commuter Rail Board shall
prescribe the times and places for meetings and the manner in
which special meetings may be called. The Commuter Rail Board
shall comply in all respects with the "Open Meetings Act", as
now or hereafter amended. All records, documents and papers of
the Commuter Rail Division, other than those relating to
matters concerning which closed sessions of the Commuter Rail
Board may be held, shall be available for public examination,
subject to such reasonable regulations as the board may adopt.
    A majority of the members shall constitute a quorum for the
conduct of business. The affirmative votes of at least 6 4
members shall be necessary for any action required by this Act
to be taken by ordinance.
(Source: P.A. 83-886.)
 
    (70 ILCS 3615/3B.09)  (from Ch. 111 2/3, par. 703B.09)
    Sec. 3B.09. General Powers. In addition to any powers
elsewhere provided to the Commuter Rail Board, it shall have
all of the powers specified in Section 2.20 of this Act except
for the powers specified in Section 2.20(a)(v). The Board shall
also have the power:
    (a) to cooperate with the Regional Transportation
Authority in the exercise by the Regional Transportation
Authority of all the powers granted it by such Act;
    (b) to receive funds from the Regional Transportation
Authority pursuant to Sections 2.02, 4.01, 4.02, 4.09 and 4.10
of the "Regional Transportation Authority Act", all as provided
in the "Regional Transportation Authority Act"; and
    (c) to receive financial grants from the Regional
Transportation Authority or a Service Board, as defined in the
"Regional Transportation Authority Act", upon such terms and
conditions as shall be set forth in a grant contract between
either the Division and the Regional Transportation Authority
or the Division and another Service Board, which contract or
agreement may be for such number of years or duration as the
parties may agree, all as provided in the "Regional
Transportation Authority Act"; and .
    (d) to borrow money for the purpose of acquiring,
constructing, reconstructing, extending, or improving any
Public Transportation Facilities (as defined in Section 1.03 of
the Regional Transportation Authority Act) operated by or to be
operated by or on behalf of the Commuter Rail Division. For the
purpose of evidencing the obligation of the Commuter Rail Board
to repay any money borrowed as provided in this subsection, the
Commuter Rail Board may issue revenue bonds from time to time
pursuant to ordinance adopted by the Commuter Rail Board,
subject to the approval of the Regional Transportation
Authority of each such issuance by the affirmative vote of 12
of its then Directors; provided that the Commuter Rail Board
may not issue bonds for the purpose of financing the
acquisition, construction, or improvement of a corporate
headquarters building. All such bonds shall be payable solely
from the revenues or income or any other funds that the
Commuter Rail Board may receive, provided that the Commuter
Rail Board may not pledge as security for such bonds the
moneys, if any, that the Commuter Rail Board receives from the
Regional Transportation Authority pursuant to Section
4.03.3(f) of the Regional Transportation Authority Act. The
bonds shall bear interest at a rate not to exceed the maximum
rate authorized by the Bond Authorization Act and shall mature
at such time or times not exceeding 25 years from their
respective dates. Bonds issued pursuant to this paragraph must
be issued with scheduled principal or mandatory redemption
payments in equal amounts in each fiscal year over the term of
the bonds, with the first principal or mandatory redemption
payment scheduled within the fiscal year in which bonds are
issued or within the next succeeding fiscal year. At least 25%,
based on total principal amount, of all bonds authorized
pursuant to this Section shall be sold pursuant to notice of
sale and public bid. No more than 75%, based on total principal
amount, of all bonds authorized pursuant to this Section shall
be sold by negotiated sale. The maximum principal amount of the
bonds that may be issued and outstanding at any time may not
exceed $1,000,000,000. The bonds shall have all the qualities
of negotiable instruments under the laws of this State. To
secure the payment of any or all of such bonds and for the
purpose of setting forth the covenants and undertakings of the
Commuter Rail Board in connection with the issuance thereof and
the issuance of any additional bonds payable from such revenue
or income as well as the use and application of the revenue or
income received by the Commuter Rail Board, the Commuter Rail
Board may execute and deliver a trust agreement or agreements;
provided that no lien upon any physical property of the
Commuter Rail Board shall be created thereby. A remedy for any
breach or default of the terms of any such trust agreement by
the Commuter Rail Board may be by mandamus proceedings in any
court of competent jurisdiction to compel performance and
compliance therewith, but the trust agreement may prescribe by
whom or on whose behalf such action may be instituted. Under no
circumstances shall any bonds issued by the Commuter Rail Board
or any other obligation of the Commuter Rail Board in
connection with the issuance of such bonds be or become an
indebtedness or obligation of the State of Illinois, the
Regional Transportation Authority, or any other political
subdivision of or municipality within the State, nor shall any
such bonds or obligations be or become an indebtedness of the
Commuter Rail Board within the purview of any constitutional
limitation or provision, and it shall be plainly stated on the
face of each bond that it does not constitute such an
indebtedness or obligation but is payable solely from the
revenues or income as aforesaid.
(Source: P.A. 83-885; 83-886.)
 
    (70 ILCS 3615/3B.10)  (from Ch. 111 2/3, par. 703B.10)
    Sec. 3B.10. Budget and Program. The Commuter Rail Board,
subject to the powers of the Authority in Section 4.11, shall
control the finances of the Division. It shall by ordinance
appropriate money to perform the Division's purposes and
provide for payment of debts and expenses of the Division. Each
year the Commuter Rail Board shall prepare and publish a
comprehensive annual budget and proposed five-year capital
program document, and a financial plan for the two years
thereafter describing the state of the Division and presenting
for the forthcoming fiscal year and the two following years the
Commuter Rail Board's plans for such operations and capital
expenditures as the Commuter Rail Board intends to undertake
and the means by which it intends to finance them. The proposed
budget, and financial plan, and five-year capital program shall
be based on the Authority's estimate of funds to be made
available to the Commuter Rail Board by or through the
Authority and shall conform in all respects to the requirements
established by the Authority. The proposed program and budget,
financial plan, and five-year capital program shall contain a
statement of the funds estimated to be on hand at the beginning
of the fiscal year, the funds estimated to be received from all
sources for such year and the funds estimated to be on hand at
the end of such year. After adoption of the Authority's first
Five-Year Program, as provided in Section 2.01 of this Act, the
proposed program and budget shall specifically identify any
respect in which the recommended program deviates from the
Authority's then existing Five-Year Program, giving the
reasons for such deviation. The fiscal year of the Division
shall be the same as the fiscal year of the Authority. Before
the proposed budget, and program and financial plan, and
five-year capital program are submitted to the Authority, the
Commuter Rail Board shall hold at least one public hearing
thereon in each of the counties in the metropolitan region in
which the Division provides service. The Commuter Rail Board
shall hold at least one meeting for consideration of the
proposed program and budget, financial plan, and five-year
capital plan with the county board of each of the several
counties in the metropolitan region in which the Division
provides service. After conducting such hearings and holding
such meetings and after making such changes in the proposed
program and budget, financial plan, and five-year capital plan
as the Commuter Rail Board deems appropriate, the board shall
adopt its annual budget ordinance at least by November 15 next
preceding the beginning of each fiscal year. The budget, and
program, and financial plan, and five-year capital program
shall then be submitted to the Authority as provided in Section
4.11. In the event that the Board of the Authority determines
that the budget and program, and financial plan do not meet the
standards of Section 4.11, the Commuter Rail Board shall make
such changes as are necessary to meet such requirements and
adopt an amended budget ordinance. The amended budget ordinance
shall be resubmitted to the Authority pursuant to Section 4.11.
The ordinance shall appropriate such sums of money as are
deemed necessary to defray all necessary expenses and
obligations of the Division, specifying purposes and the
objects or programs for which appropriations are made and the
amount appropriated for each object or program. Additional
appropriations, transfers between items and other changes in
such ordinance which do not alter the basis upon which the
balanced budget determination was made by the Board of the
Authority may be made from time to time by the Commuter Rail
Board.
    The budget shall:
    (i) show a balance between (A) anticipated revenues from
all sources including operating subsidies and (B) the costs of
providing the services specified and of funding any operating
deficits or encumbrances incurred in prior periods, including
provision for payment when due of principal and interest on
outstanding indebtedness;
    (ii) show cash balances including the proceeds of any
anticipated cash flow borrowing sufficient to pay with
reasonable promptness all costs and expenses as incurred;
    (iii) provide for a level of fares or charges for the
public transportation provided by or subject to the
jurisdiction of such Commuter Rail Board sufficient to allow
the Commuter Rail Board to meet its required system generated
revenue recovery ratio;
    (iv) be based upon and employ assumptions and projections
which the Board of the Authority finds to be reasonable and
prudent;
    (v) have been prepared in accordance with sound financial
practices as determined by the Board of the Authority; and
    (vi) meet such other uniform financial, budgetary, or
fiscal requirements that the Board of the Authority may by rule
or regulation establish; and .
    (vii) be consistent with the goals and objectives adopted
by the Regional Transportation Authority in the Strategic Plan.
(Source: P.A. 83-885; 83-886.)
 
    (70 ILCS 3615/3B.11)  (from Ch. 111 2/3, par. 703B.11)
    Sec. 3B.11. Citizens Advisory Board. The Commuter Rail
Board shall establish a citizens advisory board composed of ten
residents of those portions of the metropolitan region in which
the Commuter Rail Board provides service who have an interest
in public transportation. The members of the advisory board
shall be named for two year terms, shall select one of their
members to serve as chairman and shall serve without
compensation. The citizens advisory board shall meet with the
Commuter Rail Board at least quarterly and advise the Commuter
Rail Board of the impact of its policies and programs on the
communities it serves. Appointments to the citizens advisory
board should, to the greatest extent possible, reflect the
ethnic, cultural, and geographic diversity of all persons
residing within the Commuter Rail Division's jurisdiction.
(Source: P.A. 83-886.)
 
    (70 ILCS 3615/3B.12)  (from Ch. 111 2/3, par. 703B.12)
    Sec. 3B.12. Working Cash Borrowing. The Commuter Rail Board
with the affirmative vote of 7 5 of its Directors may demand
and direct the Board of the Authority to issue Working Cash
Notes at such time and in such amounts and having such
maturities as the Commuter Rail Board deems proper, provided
however any such borrowing shall have been specifically
identified in the budget of the Commuter Rail Board as approved
by the Board of the Authority. Provided further, that the
Commuter Rail Board may not demand and direct the Board of the
Authority to have issued and have outstanding at any time in
excess of $20,000,000 in Working Cash Notes.
(Source: P.A. 83-886.)
 
    (70 ILCS 3615/3B.13)  (from Ch. 111 2/3, par. 703B.13)
    Sec. 3B.13. Labor.
    (a) The provisions of this Section apply to collective
bargaining agreements (including extensions and amendments of
existing agreements) entered into on or after January 1, 1984.
This Section does not apply to collective bargaining agreements
that are subject to the provisions of the Railway Labor Act, as
now or hereafter amended.
    (b) The Commuter Rail Board shall deal with and enter into
written contracts with their employees, through accredited
representatives of such employees authorized to act for such
employees concerning wages, salaries, hours, working
conditions, and pension or retirement provisions about which a
collective bargaining agreement has been entered prior to the
effective date of this amendatory Act of 1983. Any such
agreement of the Commuter Rail Board shall provide that the
agreement may be reopened if the amended budget submitted
pursuant to Section 2.18a of this Act is not approved by the
Board of the Authority. The agreement may not include a
provision requiring the payment of wage increases based on
changes in the Consumer Price Index. The Commuter Rail Board
shall not have the authority to enter collective bargaining
agreements with respect to inherent management rights which
include such areas of discretion or policy as the functions of
the employer, standards of services, its overall budget, the
organizational structure and selection of new employees and
direction of personnel. Employers, however, shall be required
to bargain collectively with regard to policy matters directly
affecting wages, hours and terms and conditions of employment,
as well as the impact thereon, upon request by employee
representatives. To preserve the rights of the Commuter Rail
Board and exclusive representatives which have established
collective bargaining relationships or negotiated collective
bargaining agreements prior to the effective date of this
amendatory Act of 1983, the Commuter Rail Board shall be
required to bargain collectively with regard to any matter
concerning wages, hours or conditions of employment about which
they have bargained prior to the effective date of this
amendatory Act of 1983.
    (c) The collective bargaining agreement may not include a
prohibition on the use of part-time operators on any service
operated by the Commuter Rail Board except where prohibited by
federal law.
    (d) Within 30 days of the signing of any such collective
bargaining agreement, the Commuter Rail Board shall determine
the costs of each provision of the agreement, prepare an
amended budget incorporating the costs of the agreement, and
present the amended budget to the Board of the Authority for
its approval under Section 4.11. The Board may approve the
amended budget by an affirmative vote of 12 9 of its then
Directors. If the budget is not approved by the Board of the
Authority, the agreement may be reopened and its terms may be
renegotiated. Any amended budget which may be prepared
following renegotiation shall be presented to the Board of the
Authority for its approval in like manner.
(Source: P.A. 84-1308.)
 
    (70 ILCS 3615/3B.14 new)
    Sec. 3B.14. Notwithstanding any law to the contrary, no
later than 60 days following the effective date of this
amendatory Act of the 95th General Assembly, any fixed route
public transportation services provided by, or under grant or
purchase of service contracts of, the Commuter Rail Board shall
be provided without charge to all senior citizens of the
Metropolitan Region aged 65 and older, under such conditions as
shall be prescribed by the Commuter Rail Board.
 
    (70 ILCS 3615/4.01)  (from Ch. 111 2/3, par. 704.01)
    Sec. 4.01. Budget and Program.
    (a) The Board shall control the finances of the Authority.
It shall by ordinance adopted by the affirmative vote of at
least 12 of its then Directors (i) appropriate money to perform
the Authority's purposes and provide for payment of debts and
expenses of the Authority, (ii) take action with respect to the
budget and two-year financial plan of each Service Board, as
provided in Section 4.11, and (iii) adopt an Annual Budget and
Two-Year Financial Plan for the Authority that includes the
annual budget and two-year financial plan of each Service Board
that has been approved by the Authority. Each year the
Authority shall prepare and publish a comprehensive annual
budget and program document describing the state of the
Authority and presenting for the forthcoming fiscal year the
Authority's plans for such operations and capital expenditures
as the Authority intends to undertake and the means by which it
intends to finance them. The Annual Budget and Two-Year
Financial Plan proposed program and budget shall contain a
statement of the funds estimated to be on hand for the
Authority and each Service Board at the beginning of the fiscal
year, the funds estimated to be received from all sources for
such year, the estimated expenses and obligations of the
Authority and each Service Board for all purposes, including
expenses for contributions to be made with respect to pension
and other employee benefits, and the funds estimated to be on
hand at the end of such year. After adoption of the Authority's
first Five-Year Program, as provided in Section 2.01 of this
Act, the proposed program and budget shall specifically
identify any respect in which the recommended program deviates
from the Authority's then existing Five-Year Program, giving
the reasons for such deviation. The fiscal year of the
Authority and each Service Board shall begin on January 1st and
end on the succeeding December 31st except that the fiscal year
that began October 1, 1982, shall end December 31, 1983. By
July 1st 1981 and July 1st of each year thereafter the Director
of the Illinois Governor's Office of Management and Budget
(formerly Bureau of the Budget) shall submit to the Authority
an estimate of revenues for the next fiscal year of the
Authority to be collected from the taxes imposed by the
Authority and the amounts to be available in the Public
Transportation Fund and the Regional Transportation Authority
Occupation and Use Tax Replacement Fund and the amounts
otherwise to be appropriated by the State to the Authority for
its purposes. The Authority shall file a copy of its Annual
Budget and Two-Year Financial Plan with For the fiscal year
ending on December 31, 1983, the Board shall report its results
from operations and financial condition to the General Assembly
and the Governor by January 31. For the fiscal year beginning
January 1, 1984, and thereafter, the budget and program shall
be presented to the General Assembly and the Governor after its
adoption not later than the preceding December 31st. Before the
proposed Annual Budget and Two-Year Financial Plan budget and
program is adopted, the Authority shall hold at least one
public hearing thereon in the metropolitan region, and shall
meet . The Board shall hold at least one meeting for
consideration of the proposed program and budget with the
county board or its designee of each of the several counties in
the metropolitan region. After conducting such hearings and
holding such meetings and after making such changes in the
proposed Annual Budget and Two-Year Financial Plan program and
budget as the Board deems appropriate, the Board shall adopt
its annual appropriation and Annual Budget and Two-Year
Financial Plan budget ordinance. The ordinance may be adopted
only upon the affirmative votes of 12 9 of its then Directors.
The ordinance shall appropriate such sums of money as are
deemed necessary to defray all necessary expenses and
obligations of the Authority, specifying purposes and the
objects or programs for which appropriations are made and the
amount appropriated for each object or program. Additional
appropriations, transfers between items and other changes in
such ordinance may be made from time to time by the Board upon
the affirmative votes of 12 9 of its then Directors.
    (b) The Annual Budget and Two-Year Financial Plan budget
shall show a balance between anticipated revenues from all
sources and anticipated expenses including funding of
operating deficits or the discharge of encumbrances incurred in
prior periods and payment of principal and interest when due,
and shall show cash balances sufficient to pay with reasonable
promptness all obligations and expenses as incurred.
    The Annual Budget and Two-Year Financial Plan annual budget
and financial plan must show:
         (i) that the level of fares and charges for mass
    transportation provided by, or under grant or purchase of
    service contracts of, the Service Boards is sufficient to
    cause the aggregate of all projected fare revenues from
    such fares and charges received in each fiscal year to
    equal at least 50% of the aggregate costs of providing such
    public transportation in such fiscal year. "Fare revenues"
    include the proceeds of all fares and charges for services
    provided, contributions received in connection with public
    transportation from units of local government other than
    the Authority, except for contributions received by the
    Chicago Transit Authority from a real estate transfer tax
    imposed under subsection (i) of Section 8-3-19 of the
    Illinois Municipal Code, and from the State pursuant to
    subsection (i) of Section 2705-305 of the Department of
    Transportation Law (20 ILCS 2705/2705-305), and all other
    operating revenues properly included consistent with
    generally accepted accounting principles but do not
    include: the proceeds of any borrowings, and, beginning
    with the 2007 fiscal year, all revenues and receipts,
    including but not limited to fares and grants received from
    the federal, State or any unit of local government or other
    entity, derived from providing ADA paratransit service
    pursuant to Section 2.30 of the Regional Transportation
    Authority Act. "Costs" include all items properly included
    as operating costs consistent with generally accepted
    accounting principles, including administrative costs, but
    do not include: depreciation; payment of principal and
    interest on bonds, notes or other evidences of obligation
    for borrowed money issued by the Authority; payments with
    respect to public transportation facilities made pursuant
    to subsection (b) of Section 2.20 of this Act; any payments
    with respect to rate protection contracts, credit
    enhancements or liquidity agreements made under Section
    4.14; any other cost to which it is reasonably expected
    that a cash expenditure will not be made; costs up to
    $5,000,000 annually for passenger security including
    grants, contracts, personnel, equipment and administrative
    expenses, except in the case of the Chicago Transit
    Authority, in which case the term does not include costs
    spent annually by that entity for protection against crime
    as required by Section 27a of the Metropolitan Transit
    Authority Act; the payment by the Chicago Transit Authority
    of Debt Service, as defined in Section 12c of the
    Metropolitan Transit Authority Act, on bonds or notes
    issued pursuant to that Section; the payment by the
    Commuter Rail Division of debt service on bonds issued
    pursuant to Section 3B.09; expenses incurred by the
    Suburban Bus Division for the cost of new public
    transportation services funded from grants pursuant to
    Section 2.01e of this amendatory Act of the 95th General
    Assembly for a period of 2 years from the date of
    initiation of each such service; costs as exempted by the
    Board for projects pursuant to Section 2.09 of this Act;
    or, beginning with the 2007 fiscal year, expenses related
    to providing ADA paratransit service pursuant to Section
    2.30 of the Regional Transportation Authority Act; and in
    fiscal years 2008 through 2012 inclusive, costs in the
    amount of $200,000,000 in fiscal year 2008, reducing by
    $40,000,000 in each fiscal year thereafter until this
    exemption is eliminated; and
        (ii) that the level of fares charged for ADA
    paratransit services is sufficient to cause the aggregate
    of all projected revenues from such fares charged and
    received in each fiscal year to equal at least 10% of the
    aggregate costs of providing such ADA paratransit services
    in fiscal years 2007 and 2008 and at least 12% of the
    aggregate costs of providing such ADA paratransit services
    in fiscal years 2009 and thereafter; for purposes of this
    Act, the percentages in this subsection (b)(ii) shall be
    referred to as the "system generated ADA paratransit
    services revenue recovery ratio".
    (c) The actual administrative expenses of the Authority for
the fiscal year commencing January 1, 1985 may not exceed
$5,000,000. The actual administrative expenses of the
Authority for the fiscal year commencing January 1, 1986, and
for each fiscal year thereafter shall not exceed the maximum
administrative expenses for the previous fiscal year plus 5%.
"Administrative expenses" are defined for purposes of this
Section as all expenses except: (1) capital expenses and
purchases of the Authority on behalf of the Service Boards; (2)
payments to Service Boards; and (3) payment of principal and
interest on bonds, notes or other evidence of obligation for
borrowed money issued by the Authority; (4) costs for passenger
security including grants, contracts, personnel, equipment and
administrative expenses; (5) payments with respect to public
transportation facilities made pursuant to subsection (b) of
Section 2.20 of this Act; and (6) any payments with respect to
rate protection contracts, credit enhancements or liquidity
agreements made pursuant to Section 4.14.
    (d) This subsection applies only until the Department
begins administering and enforcing an increased tax under
Section 4.03(m) as authorized by this amendatory Act of the
95th General Assembly. After withholding 15% of the proceeds of
any tax imposed by the Authority and 15% of money received by
the Authority from the Regional Transportation Authority
Occupation and Use Tax Replacement Fund, the Board shall
allocate the proceeds and money remaining to the Service Boards
as follows: (1) an amount equal to 85% of the proceeds of those
taxes collected within the City of Chicago and 85% of the money
received by the Authority on account of transfers to the
Regional Transportation Authority Occupation and Use Tax
Replacement Fund from the County and Mass Transit District Fund
attributable to retail sales within the City of Chicago shall
be allocated to the Chicago Transit Authority; (2) an amount
equal to 85% of the proceeds of those taxes collected within
Cook County outside the City of Chicago and 85% of the money
received by the Authority on account of transfers to the
Regional Transportation Authority Occupation and Use Tax
Replacement Fund from the County and Mass Transit District Fund
attributable to retail sales within Cook County outside of the
city of Chicago shall be allocated 30% to the Chicago Transit
Authority, 55% to the Commuter Rail Board and 15% to the
Suburban Bus Board; and (3) an amount equal to 85% of the
proceeds of the taxes collected within the Counties of DuPage,
Kane, Lake, McHenry and Will shall be allocated 70% to the
Commuter Rail Board and 30% to the Suburban Bus Board.
    (e) This subsection applies only until the Department
begins administering and enforcing an increased tax under
Section 4.03(m) as authorized by this amendatory Act of the
95th General Assembly. Moneys received by the Authority on
account of transfers to the Regional Transportation Authority
Occupation and Use Tax Replacement Fund from the State and
Local Sales Tax Reform Fund shall be allocated among the
Authority and the Service Boards as follows: 15% of such moneys
shall be retained by the Authority and the remaining 85% shall
be transferred to the Service Boards as soon as may be
practicable after the Authority receives payment. Moneys which
are distributable to the Service Boards pursuant to the
preceding sentence shall be allocated among the Service Boards
on the basis of each Service Board's distribution ratio. The
term "distribution ratio" means, for purposes of this
subsection (e) of this Section 4.01, the ratio of the total
amount distributed to a Service Board pursuant to subsection
(d) of Section 4.01 for the immediately preceding calendar year
to the total amount distributed to all of the Service Boards
pursuant to subsection (d) of Section 4.01 for the immediately
preceding calendar year.
    (f) To carry out its duties and responsibilities under this
Act, further and accomplish the preparation of the annual
budget and program as well as the Five-Year Program provided
for in Section 2.01 of this Act and to make such interim
management decisions as may be necessary, the Board shall
employ staff which shall: (1) propose for adoption by the Board
of the Authority rules for the Service Boards that establish
(i) forms and schedules to be used and information required to
be provided with respect to a five-year capital program, annual
budgets, and two-year financial plans and regular reporting of
actual results against adopted budgets and financial plans,
(ii) financial practices to be followed in the budgeting and
expenditure of public funds, (iii) assumptions and projections
that must be followed in preparing and submitting its annual
budget and two-year financial plan or a five-year capital
program; (2) evaluate for the Board public transportation
programs operated or proposed by the Service Boards and
transportation agencies in terms of the goals and objectives
set out in the Strategic Plan , costs and relative priorities;
(3) (2) keep the Board and the public informed of the extent to
which the Service Boards and transportation agencies are
meeting the goals and objectives adopted by the Authority in
the Strategic Plan public transportation programs and
accomplishments of such transportation agencies; and (4)
assess the efficiency or adequacy of public transportation
services provided by a Service Board and make recommendations
for change in that service (3) coordinate the development and
implementation of public transportation programs to the end
that the moneys monies available to the Authority may be
expended in the most economical manner possible with the least
possible duplication.
    (g) All Under such regulations as the Board may prescribe,
all Service Boards, transportation agencies, comprehensive
planning agencies, including the Chicago Metropolitan Agency
for Planning, or transportation planning agencies in the
metropolitan region shall furnish to the Authority Board such
information pertaining to public transportation or relevant
for plans therefor as it may from time to time require. The
Executive Director, or his or her designee, upon payment to any
such agency or Service Board of the reasonable additional cost
of its so providing such information except as may otherwise be
provided by agreement with the Authority, and the Board or any
duly authorized employee of the Board shall, for the purpose of
securing any such information necessary or appropriate to carry
out any of the powers and responsibilities of the Authority
under this Act, have access to, and the right to examine, all
books, documents, papers or records of a Service Board or any
transportation such agency receiving funds from the Authority
or Service Board, and such Service Board or transportation
agency shall comply with any request by the Executive Director,
or his or her designee, within 30 days or an extended time
provided by the Executive Director pertaining to public
transportation or relevant for plans therefor.
    (h) No Service Board shall undertake any capital
improvement which is not identified in the Five-Year Capital
Program.
(Source: P.A. 94-370, eff. 7-29-05.)
 
    (70 ILCS 3615/4.02)  (from Ch. 111 2/3, par. 704.02)
    Sec. 4.02. Federal, State and Other Funds.
    (a) The Authority shall have the power to apply for,
receive and expend grants, loans or other funds from the State
of Illinois or any department or agency thereof, from any unit
of local government, from the federal government or any
department or agency thereof, for use in connection with any of
the powers or purposes of the Authority as set forth in this
Act. The Authority shall have power to make such studies as may
be necessary and to enter into contracts or agreements with the
State of Illinois or any department or agency thereof, with any
unit of local government, or with the federal government or any
department or agency thereof, concerning such grants, loans or
other funds, or any conditions relating thereto, including
obligations to repay such funds. The Authority may make such
covenants concerning such grants, loans and funds as it deems
proper and necessary in carrying out its responsibilities,
purposes and powers as provided in this Act.
    (b) The Authority shall be the primary public body in the
metropolitan region with authority to apply for and receive any
grants, loans or other funds relating to public transportation
programs from the State of Illinois or any department or agency
thereof, or from the federal government or any department or
agency thereof. Any unit of local government, Service Board or
transportation agency may apply for and receive any such
federal or state capital grants, loans or other funds,
provided, however that a Service Board may not apply for or
receive any grant or loan which is not identified in the
Five-Year Capital Program. Any Service Board, unit of local
government or transportation agency shall notify the Authority
prior to making any such application and shall file a copy
thereof with the Authority. Nothing in this Section shall be
construed to impose any limitation on the ability of the State
of Illinois or any department or agency thereof, any unit of
local government or Service Board or transportation agency to
make any grants or to enter into any agreement or contract with
the National Rail Passenger Corporation. Nor shall anything in
this Section impose any limitation on the ability of any school
district to apply for or receive any grant, loan or other funds
for transportation of school children.
    (c) The Authority shall provide to the Service Board any
monies received relating to public transportation services
under the jurisdiction of the Service Boards as provided in
Section 4.03.3 of this Act. follows:
        (1) As soon as may be practicable after the Authority
    receives payment, under Section 4.03(m) or Section
    4.03.1(d), of the proceeds of those taxes levied by the
    Authority, the Authority shall transfer to each Service
    Board the amount to which it is entitled under Section
    4.01(d).
        (2) The Authority by ordinance adopted by 9 of its then
    Directors shall establish a formula apportioning any
    federal funds for operating assistance purposes the
    Authority receives to each Service Board. In establishing
    the formula, the Board shall consider, among other factors:
    ridership levels, the efficiency with which the service is
    provided, the degree of transit dependence of the area
    served and the cost of service. That portion of any federal
    funds for operating assistance received by the Authority
    shall be paid to each Service Board as soon as may be
    practicable upon their receipt provided the Authority has
    adopted a balanced budget as required by Section 4.01 and
    further provided that the Service Boards are in compliance
    with the requirements in Section 4.11.
        (3) The Authority by ordinance adopted by 9 of its then
    Directors shall apportion to the Service Boards funds
    provided by the State of Illinois under Section 4.09 and
    shall make payment of said funds to each Service Board as
    soon as may be practicable upon their receipt provided the
    Authority has adopted a balanced budget as required by
    Section 4.01 and further provided the Service Board is in
    compliance with the requirements in Section 4.11.
        (4) Beginning January 1, 2009, before making any
    payments, transfers, or expenditures under this subsection
    to a Service Board, the Authority must first comply with
    Section 4.02a or 4.02b of this Act, whichever may be
    applicable.
(Source: P.A. 94-839, eff. 6-6-06; 95-331, eff. 8-21-07.)
 
    (70 ILCS 3615/4.02a)
    Sec. 4.02a. Chicago Transit Authority contributions to
pension funds.
    (a) The Authority shall continually review the Chicago
Transit Authority's payment of the required contributions to
its retirement system under Section 22-101 of the Illinois
Pension Code.
    (b) Beginning January 1, 2009, if at any time the Authority
determines that the Chicago Transit Authority's payment of any
portion of the required contributions to its retirement system
under Section 22-101 of the Illinois Pension Code is more than
one month overdue, it shall as soon as possible pay the amount
of those overdue contributions to the Board of Trustees trustee
of the Retirement Plan retirement system on behalf of the
Chicago Transit Authority out of moneys otherwise payable to
the Chicago Transit Authority under subsection (c) of Section
4.03.3 4.02 of this Act. The Authority shall thereafter have no
liability to the Chicago Transit Authority for amounts paid to
the Board of Trustees trustee of the Retirement Plan retirement
system under this Section.
    (c) Whenever the Authority acts or determines that it is
required to act under subsection (b), it shall so notify the
Chicago Transit Authority, the Mayor of Chicago, the Governor,
the Auditor General of the State of Illinois, and the General
Assembly.
(Source: P.A. 94-839, eff. 6-6-06.)
 
    (70 ILCS 3615/4.02b)
    Sec. 4.02b. Other contributions to pension funds.
    (a) The Authority shall continually review the payment of
the required employer contributions to affected pension plans
under Section 22-103 of the Illinois Pension Code.
    (b) Beginning January 1, 2009, if at any time the Authority
determines that the Commuter Rail Board's or Suburban Bus
Board's payment of any portion of the required contributions to
an affected pension plan under Section 22-103 of the Illinois
Pension Code is more than one month overdue, it shall as soon
as possible pay the amount of those overdue contributions to
the trustee of the affected pension plan on behalf of that
Service Board out of moneys otherwise payable to that Service
Board under Section 4.03.3 subsection (c) of Section 4.02 of
this Act. The Authority shall thereafter have no liability to
the Service Board for amounts paid to the trustee of the
affected pension plan under this Section.
    (c) Whenever the Authority acts or determines that it is
required to act under subsection (b), it shall so notify the
affected Service Board, the Mayor of Chicago, the Governor, the
Auditor General of the State of Illinois, and the General
Assembly.
    (d) Beginning January 1, 2009, if the Authority fails to
pay to an affected pension fund within 30 days after it is due
any employer contribution that it is required to make as a
contributing employer under Section 22-103 of the Illinois
Pension Code, it shall promptly so notify the Commission on
Government Forecasting and Accountability, the Mayor of
Chicago, the Governor, and the General Assembly, and it shall
promptly pay the overdue amount out of the first money
available to the Authority for its administrative expenses, as
that term is defined in Section 4.01(c).
(Source: P.A. 94-839, eff. 6-6-06.)
 
    (70 ILCS 3615/4.03)  (from Ch. 111 2/3, par. 704.03)
    Sec. 4.03. Taxes.
    (a) In order to carry out any of the powers or purposes of
the Authority, the Board may by ordinance adopted with the
concurrence of 12 9 of the then Directors, impose throughout
the metropolitan region any or all of the taxes provided in
this Section. Except as otherwise provided in this Act, taxes
imposed under this Section and civil penalties imposed incident
thereto shall be collected and enforced by the State Department
of Revenue. The Department shall have the power to administer
and enforce the taxes and to determine all rights for refunds
for erroneous payments of the taxes. Nothing in this amendatory
Act of the 95th General Assembly is intended to invalidate any
taxes currently imposed by the Authority. The increased vote
requirements to impose a tax shall only apply to actions taken
after the effective date of this amendatory Act of the 95th
General Assembly.
    (b) The Board may impose a public transportation tax upon
all persons engaged in the metropolitan region in the business
of selling at retail motor fuel for operation of motor vehicles
upon public highways. The tax shall be at a rate not to exceed
5% of the gross receipts from the sales of motor fuel in the
course of the business. As used in this Act, the term "motor
fuel" shall have the same meaning as in the Motor Fuel Tax Law.
The Board may provide for details of the tax. The provisions of
any tax shall conform, as closely as may be practicable, to the
provisions of the Municipal Retailers Occupation Tax Act,
including without limitation, conformity to penalties with
respect to the tax imposed and as to the powers of the State
Department of Revenue to promulgate and enforce rules and
regulations relating to the administration and enforcement of
the provisions of the tax imposed, except that reference in the
Act to any municipality shall refer to the Authority and the
tax shall be imposed only with regard to receipts from sales of
motor fuel in the metropolitan region, at rates as limited by
this Section.
    (c) In connection with the tax imposed under paragraph (b)
of this Section the Board may impose a tax upon the privilege
of using in the metropolitan region motor fuel for the
operation of a motor vehicle upon public highways, the tax to
be at a rate not in excess of the rate of tax imposed under
paragraph (b) of this Section. The Board may provide for
details of the tax.
    (d) The Board may impose a motor vehicle parking tax upon
the privilege of parking motor vehicles at off-street parking
facilities in the metropolitan region at which a fee is
charged, and may provide for reasonable classifications in and
exemptions to the tax, for administration and enforcement
thereof and for civil penalties and refunds thereunder and may
provide criminal penalties thereunder, the maximum penalties
not to exceed the maximum criminal penalties provided in the
Retailers' Occupation Tax Act. The Authority may collect and
enforce the tax itself or by contract with any unit of local
government. The State Department of Revenue shall have no
responsibility for the collection and enforcement unless the
Department agrees with the Authority to undertake the
collection and enforcement. As used in this paragraph, the term
"parking facility" means a parking area or structure having
parking spaces for more than 2 vehicles at which motor vehicles
are permitted to park in return for an hourly, daily, or other
periodic fee, whether publicly or privately owned, but does not
include parking spaces on a public street, the use of which is
regulated by parking meters.
    (e) The Board may impose a Regional Transportation
Authority Retailers' Occupation Tax upon all persons engaged in
the business of selling tangible personal property at retail in
the metropolitan region. In Cook County the tax rate shall be
1.25% 1% of the gross receipts from sales of food for human
consumption that is to be consumed off the premises where it is
sold (other than alcoholic beverages, soft drinks and food that
has been prepared for immediate consumption) and prescription
and nonprescription medicines, drugs, medical appliances and
insulin, urine testing materials, syringes and needles used by
diabetics, and 1% 3/4% of the gross receipts from other taxable
sales made in the course of that business. In DuPage, Kane,
Lake, McHenry, and Will Counties, the tax rate shall be 0.75%
1/4% of the gross receipts from all taxable sales made in the
course of that business. The tax imposed under this Section and
all civil penalties that may be assessed as an incident thereof
shall be collected and enforced by the State Department of
Revenue. The Department shall have full power to administer and
enforce this Section; to collect all taxes and penalties so
collected in the manner hereinafter provided; and to determine
all rights to credit memoranda arising on account of the
erroneous payment of tax or penalty hereunder. In the
administration of, and compliance with this Section, the
Department and persons who are subject to this Section shall
have the same rights, remedies, privileges, immunities, powers
and duties, and be subject to the same conditions,
restrictions, limitations, penalties, exclusions, exemptions
and definitions of terms, and employ the same modes of
procedure, as are prescribed in Sections 1, 1a, 1a-1, 1c, 1d,
1e, 1f, 1i, 1j, 2 through 2-65 (in respect to all provisions
therein other than the State rate of tax), 2c, 3 (except as to
the disposition of taxes and penalties collected), 4, 5, 5a,
5b, 5c, 5d, 5e, 5f, 5g, 5h, 5i, 5j, 5k, 5l, 6, 6a, 6b, 6c, 7, 8,
9, 10, 11, 12 and 13 of the Retailers' Occupation Tax Act and
Section 3-7 of the Uniform Penalty and Interest Act, as fully
as if those provisions were set forth herein.
    Persons subject to any tax imposed under the authority
granted in this Section may reimburse themselves for their
seller's tax liability hereunder by separately stating the tax
as an additional charge, which charge may be stated in
combination in a single amount with State taxes that sellers
are required to collect under the Use Tax Act, under any
bracket schedules the Department may prescribe.
    Whenever the Department determines that a refund should be
made under this Section to a claimant instead of issuing a
credit memorandum, the Department shall notify the State
Comptroller, who shall cause the warrant to be drawn for the
amount specified, and to the person named, in the notification
from the Department. The refund shall be paid by the State
Treasurer out of the Regional Transportation Authority tax fund
established under paragraph (n) of this Section.
    If a tax is imposed under this subsection (e), a tax shall
also be imposed under subsections (f) and (g) of this Section.
    For the purpose of determining whether a tax authorized
under this Section is applicable, a retail sale by a producer
of coal or other mineral mined in Illinois, is a sale at retail
at the place where the coal or other mineral mined in Illinois
is extracted from the earth. This paragraph does not apply to
coal or other mineral when it is delivered or shipped by the
seller to the purchaser at a point outside Illinois so that the
sale is exempt under the Federal Constitution as a sale in
interstate or foreign commerce.
    No tax shall be imposed or collected under this subsection
on the sale of a motor vehicle in this State to a resident of
another state if that motor vehicle will not be titled in this
State.
    Nothing in this Section shall be construed to authorize the
Regional Transportation Authority to impose a tax upon the
privilege of engaging in any business that under the
Constitution of the United States may not be made the subject
of taxation by this State.
    (f) If a tax has been imposed under paragraph (e), a
Regional Transportation Authority Service Occupation Tax shall
also be imposed upon all persons engaged, in the metropolitan
region in the business of making sales of service, who as an
incident to making the sales of service, transfer tangible
personal property within the metropolitan region, either in the
form of tangible personal property or in the form of real
estate as an incident to a sale of service. In Cook County, the
tax rate shall be: (1) 1.25% 1% of the serviceman's cost price
of food prepared for immediate consumption and transferred
incident to a sale of service subject to the service occupation
tax by an entity licensed under the Hospital Licensing Act or
the Nursing Home Care Act that is located in the metropolitan
region; (2) 1.25% 1% of the selling price of food for human
consumption that is to be consumed off the premises where it is
sold (other than alcoholic beverages, soft drinks and food that
has been prepared for immediate consumption) and prescription
and nonprescription medicines, drugs, medical appliances and
insulin, urine testing materials, syringes and needles used by
diabetics; and (3) 1% 3/4% of the selling price from other
taxable sales of tangible personal property transferred. In
DuPage, Kane, Lake, McHenry and Will Counties the rate shall be
0.75% 1/4% of the selling price of all tangible personal
property transferred.
    The tax imposed under this paragraph and all civil
penalties that may be assessed as an incident thereof shall be
collected and enforced by the State Department of Revenue. The
Department shall have full power to administer and enforce this
paragraph; to collect all taxes and penalties due hereunder; to
dispose of taxes and penalties collected in the manner
hereinafter provided; and to determine all rights to credit
memoranda arising on account of the erroneous payment of tax or
penalty hereunder. In the administration of and compliance with
this paragraph, the Department and persons who are subject to
this paragraph shall have the same rights, remedies,
privileges, immunities, powers and duties, and be subject to
the same conditions, restrictions, limitations, penalties,
exclusions, exemptions and definitions of terms, and employ the
same modes of procedure, as are prescribed in Sections 1a-1, 2,
2a, 3 through 3-50 (in respect to all provisions therein other
than the State rate of tax), 4 (except that the reference to
the State shall be to the Authority), 5, 7, 8 (except that the
jurisdiction to which the tax shall be a debt to the extent
indicated in that Section 8 shall be the Authority), 9 (except
as to the disposition of taxes and penalties collected, and
except that the returned merchandise credit for this tax may
not be taken against any State tax), 10, 11, 12 (except the
reference therein to Section 2b of the Retailers' Occupation
Tax Act), 13 (except that any reference to the State shall mean
the Authority), the first paragraph of Section 15, 16, 17, 18,
19 and 20 of the Service Occupation Tax Act and Section 3-7 of
the Uniform Penalty and Interest Act, as fully as if those
provisions were set forth herein.
    Persons subject to any tax imposed under the authority
granted in this paragraph may reimburse themselves for their
serviceman's tax liability hereunder by separately stating the
tax as an additional charge, that charge may be stated in
combination in a single amount with State tax that servicemen
are authorized to collect under the Service Use Tax Act, under
any bracket schedules the Department may prescribe.
    Whenever the Department determines that a refund should be
made under this paragraph to a claimant instead of issuing a
credit memorandum, the Department shall notify the State
Comptroller, who shall cause the warrant to be drawn for the
amount specified, and to the person named in the notification
from the Department. The refund shall be paid by the State
Treasurer out of the Regional Transportation Authority tax fund
established under paragraph (n) of this Section.
    Nothing in this paragraph shall be construed to authorize
the Authority to impose a tax upon the privilege of engaging in
any business that under the Constitution of the United States
may not be made the subject of taxation by the State.
    (g) If a tax has been imposed under paragraph (e), a tax
shall also be imposed upon the privilege of using in the
metropolitan region, any item of tangible personal property
that is purchased outside the metropolitan region at retail
from a retailer, and that is titled or registered with an
agency of this State's government. In Cook County the tax rate
shall be 1% 3/4% of the selling price of the tangible personal
property, as "selling price" is defined in the Use Tax Act. In
DuPage, Kane, Lake, McHenry and Will counties the tax rate
shall be 0.75% 1/4% of the selling price of the tangible
personal property, as "selling price" is defined in the Use Tax
Act. The tax shall be collected from persons whose Illinois
address for titling or registration purposes is given as being
in the metropolitan region. The tax shall be collected by the
Department of Revenue for the Regional Transportation
Authority. The tax must be paid to the State, or an exemption
determination must be obtained from the Department of Revenue,
before the title or certificate of registration for the
property may be issued. The tax or proof of exemption may be
transmitted to the Department by way of the State agency with
which, or the State officer with whom, the tangible personal
property must be titled or registered if the Department and the
State agency or State officer determine that this procedure
will expedite the processing of applications for title or
registration.
    The Department shall have full power to administer and
enforce this paragraph; to collect all taxes, penalties and
interest due hereunder; to dispose of taxes, penalties and
interest collected in the manner hereinafter provided; and to
determine all rights to credit memoranda or refunds arising on
account of the erroneous payment of tax, penalty or interest
hereunder. In the administration of and compliance with this
paragraph, the Department and persons who are subject to this
paragraph shall have the same rights, remedies, privileges,
immunities, powers and duties, and be subject to the same
conditions, restrictions, limitations, penalties, exclusions,
exemptions and definitions of terms and employ the same modes
of procedure, as are prescribed in Sections 2 (except the
definition of "retailer maintaining a place of business in this
State"), 3 through 3-80 (except provisions pertaining to the
State rate of tax, and except provisions concerning collection
or refunding of the tax by retailers), 4, 11, 12, 12a, 14, 15,
19 (except the portions pertaining to claims by retailers and
except the last paragraph concerning refunds), 20, 21 and 22 of
the Use Tax Act, and are not inconsistent with this paragraph,
as fully as if those provisions were set forth herein.
    Whenever the Department determines that a refund should be
made under this paragraph to a claimant instead of issuing a
credit memorandum, the Department shall notify the State
Comptroller, who shall cause the order to be drawn for the
amount specified, and to the person named in the notification
from the Department. The refund shall be paid by the State
Treasurer out of the Regional Transportation Authority tax fund
established under paragraph (n) of this Section.
    (h) The Authority may impose a replacement vehicle tax of
$50 on any passenger car as defined in Section 1-157 of the
Illinois Vehicle Code purchased within the metropolitan region
by or on behalf of an insurance company to replace a passenger
car of an insured person in settlement of a total loss claim.
The tax imposed may not become effective before the first day
of the month following the passage of the ordinance imposing
the tax and receipt of a certified copy of the ordinance by the
Department of Revenue. The Department of Revenue shall collect
the tax for the Authority in accordance with Sections 3-2002
and 3-2003 of the Illinois Vehicle Code.
    The Department shall immediately pay over to the State
Treasurer, ex officio, as trustee, all taxes collected
hereunder. On or before the 25th day of each calendar month,
the Department shall prepare and certify to the Comptroller the
disbursement of stated sums of money to the Authority. The
amount to be paid to the Authority shall be the amount
collected hereunder during the second preceding calendar month
by the Department, less any amount determined by the Department
to be necessary for the payment of refunds. Within 10 days
after receipt by the Comptroller of the disbursement
certification to the Authority provided for in this Section to
be given to the Comptroller by the Department, the Comptroller
shall cause the orders to be drawn for that amount in
accordance with the directions contained in the certification.
    (i) The Board may not impose any other taxes except as it
may from time to time be authorized by law to impose.
    (j) A certificate of registration issued by the State
Department of Revenue to a retailer under the Retailers'
Occupation Tax Act or under the Service Occupation Tax Act
shall permit the registrant to engage in a business that is
taxed under the tax imposed under paragraphs (b), (e), (f) or
(g) of this Section and no additional registration shall be
required under the tax. A certificate issued under the Use Tax
Act or the Service Use Tax Act shall be applicable with regard
to any tax imposed under paragraph (c) of this Section.
    (k) The provisions of any tax imposed under paragraph (c)
of this Section shall conform as closely as may be practicable
to the provisions of the Use Tax Act, including without
limitation conformity as to penalties with respect to the tax
imposed and as to the powers of the State Department of Revenue
to promulgate and enforce rules and regulations relating to the
administration and enforcement of the provisions of the tax
imposed. The taxes shall be imposed only on use within the
metropolitan region and at rates as provided in the paragraph.
    (l) The Board in imposing any tax as provided in paragraphs
(b) and (c) of this Section, shall, after seeking the advice of
the State Department of Revenue, provide means for retailers,
users or purchasers of motor fuel for purposes other than those
with regard to which the taxes may be imposed as provided in
those paragraphs to receive refunds of taxes improperly paid,
which provisions may be at variance with the refund provisions
as applicable under the Municipal Retailers Occupation Tax Act.
The State Department of Revenue may provide for certificates of
registration for users or purchasers of motor fuel for purposes
other than those with regard to which taxes may be imposed as
provided in paragraphs (b) and (c) of this Section to
facilitate the reporting and nontaxability of the exempt sales
or uses.
    (m) Any ordinance imposing or discontinuing any tax under
this Section shall be adopted and a certified copy thereof
filed with the Department on or before June 1, whereupon the
Department of Revenue shall proceed to administer and enforce
this Section on behalf of the Regional Transportation Authority
as of September 1 next following such adoption and filing.
Beginning January 1, 1992, an ordinance or resolution imposing
or discontinuing the tax hereunder shall be adopted and a
certified copy thereof filed with the Department on or before
the first day of July, whereupon the Department shall proceed
to administer and enforce this Section as of the first day of
October next following such adoption and filing. Beginning
January 1, 1993, an ordinance or resolution imposing,
increasing, decreasing, or discontinuing the tax hereunder
shall be adopted and a certified copy thereof filed with the
Department on or before the first day of October, whereupon the
Department shall proceed to administer and enforce this Section
as of the first day of the first month to occur not less than 60
days January next following such adoption and filing. Any
ordinance or resolution of the Authority imposing a tax under
this Section and in effect on August 1, 2007 shall remain in
full force and effect and shall be administered by the
Department of Revenue under the terms and conditions and rates
of tax established by such ordinance or resolution until the
Department begins administering and enforcing an increased tax
under this Section as authorized by this amendatory Act of the
95th General Assembly. The tax rates authorized by this
amendatory Act of the 95th General Assembly are effective only
if imposed by ordinance of the Authority.
    (n) The State Department of Revenue shall, upon collecting
any taxes as provided in this Section, pay the taxes over to
the State Treasurer as trustee for the Authority. The taxes
shall be held in a trust fund outside the State Treasury. On or
before the 25th day of each calendar month, the State
Department of Revenue shall prepare and certify to the
Comptroller of the State of Illinois and the amount to be paid
to the Authority, which shall be the then balance in the fund,
less any amount determined by the Department to be necessary
for the payment of refunds. The State Department of Revenue
shall also certify to the Authority (i) the amount of taxes
collected in each County other than Cook County in the
metropolitan region, (ii) less the amount necessary for the
payment of refunds to taxpayers in the County. With regard to
the County of Cook, the certification shall specify the amount
of taxes collected within the City of Chicago, less the amount
necessary for the payment of refunds to taxpayers in the City
of Chicago and (iii) the amount collected in that portion of
Cook County outside of Chicago, each amount less the amount
necessary for the payment of refunds to taxpayers located in
those areas described in items (i), (ii), and (iii) in that
portion of Cook County outside of Chicago. Within 10 days after
receipt by the Comptroller of the certification of the amounts
amount to be paid to the Authority, the Comptroller shall cause
an order to be drawn for the payment of two-thirds of the
amounts certified in item (i) of this subsection to the
Authority and one-third of the amounts certified in item (i) of
this subsection to the respective counties other than Cook
County and the amount certified in items (ii) and (iii) of this
subsection to the Authority for the amount in accordance with
the direction in the certification.
    In addition to the disbursement required by the preceding
paragraph, an allocation shall be made in July 1991 and each
year thereafter to the Regional Transportation Authority. The
allocation shall be made in an amount equal to the average
monthly distribution during the preceding calendar year
(excluding the 2 months of lowest receipts) and the allocation
shall include the amount of average monthly distribution from
the Regional Transportation Authority Occupation and Use Tax
Replacement Fund. The distribution made in July 1992 and each
year thereafter under this paragraph and the preceding
paragraph shall be reduced by the amount allocated and
disbursed under this paragraph in the preceding calendar year.
The Department of Revenue shall prepare and certify to the
Comptroller for disbursement the allocations made in
accordance with this paragraph.
    (o) Failure to adopt a budget ordinance or otherwise to
comply with Section 4.01 of this Act or to adopt a Five-year
Capital Program or otherwise to comply with paragraph (b) of
Section 2.01 of this Act shall not affect the validity of any
tax imposed by the Authority otherwise in conformity with law.
    (p) At no time shall a public transportation tax or motor
vehicle parking tax authorized under paragraphs (b), (c) and
(d) of this Section be in effect at the same time as any
retailers' occupation, use or service occupation tax
authorized under paragraphs (e), (f) and (g) of this Section is
in effect.
    Any taxes imposed under the authority provided in
paragraphs (b), (c) and (d) shall remain in effect only until
the time as any tax authorized by paragraphs (e), (f) or (g) of
this Section are imposed and becomes effective. Once any tax
authorized by paragraphs (e), (f) or (g) is imposed the Board
may not reimpose taxes as authorized in paragraphs (b), (c) and
(d) of the Section unless any tax authorized by paragraphs (e),
(f) or (g) of this Section becomes ineffective by means other
than an ordinance of the Board.
    (q) Any existing rights, remedies and obligations
(including enforcement by the Regional Transportation
Authority) arising under any tax imposed under paragraphs (b),
(c) or (d) of this Section shall not be affected by the
imposition of a tax under paragraphs (e), (f) or (g) of this
Section.
(Source: P.A. 92-221, eff. 8-2-01; 92-651, eff. 7-11-02;
93-1068, eff. 1-15-05.)
 
    (70 ILCS 3615/4.03.3 new)
    Sec. 4.03.3. Distribution of Revenues. This Section
applies only after the Department begins administering and
enforcing an increased tax under Section 4.03(m) as authorized
by this amendatory Act of the 95th General Assembly. After
providing for payment of its obligations with respect to bonds
and notes issued under the provisions of Section 4.04 and
obligations related to those bonds and notes, the Authority
shall disburse the remaining proceeds from taxes it has
received from the Department of Revenue under this Article IV
and the remaining proceeds it has received from the State under
Section 4.09(a) as follows:
    (a) With respect to taxes imposed by the Authority under
Section 4.03, after withholding 15% of 80% of the receipts from
those taxes collected in Cook County at a rate of 1.25%, 15% of
75% of the receipts from those taxes collected in Cook County
at the rate of 1%, 15% of one-half of the receipts from those
taxes collected in DuPage, Kane, Lake, McHenry, and Will
Counties, and 15% of money received by the Authority from the
Regional Transportation Authority Occupation and Use Tax
Replacement Fund or from the Regional Transportation Authority
tax fund created in Section 4.03(n), the Board shall allocate
the proceeds and money remaining to the Service Boards as
follows:
        (1) an amount equal to (i) 85% of 80% of the receipts
    from those taxes collected within the City of Chicago at a
    rate of 1.25%, (ii) 85% of 75% of the receipts from those
    taxes collected in the City of Chicago at the rate of 1%,
    and (iii) 85% of the money received by the Authority on
    account of transfers to the Regional Transportation
    Authority Occupation and Use Tax Replacement Fund or to the
    Regional Transportation Authority tax fund created in
    Section 4.03(n) from the County and Mass Transit District
    Fund attributable to retail sales within the City of
    Chicago shall be allocated to the Chicago Transit
    Authority;
        (2) an amount equal to (i) 85% of 80% of the receipts
    from those taxes collected within Cook County outside of
    the City of Chicago at a rate of 1.25%, (ii) 85% of 75% of
    the receipts from those taxes collected within Cook County
    outside the City of Chicago at a rate of 1%, and (iii) 85%
    of the money received by the Authority on account of
    transfers to the Regional Transportation Authority
    Occupation and Use Tax Replacement Fund or to the Regional
    Transportation Authority tax fund created in Section
    4.03(n) from the County and Mass Transit District Fund
    attributable to retail sales within Cook County outside of
    the City of Chicago shall be allocated 30% to the Chicago
    Transit Authority, 55% to the Commuter Rail Board, and 15%
    to the Suburban Bus Board; and
        (3) an amount equal to 85% of one-half of the receipts
    from the taxes collected within the Counties of DuPage,
    Kane, Lake, McHenry, and Will shall be allocated 70% to the
    Commuter Rail Board and 30% to the Suburban Bus Board.
    (b) Moneys received by the Authority on account of
transfers to the Regional Transportation Authority Occupation
and Use Tax Replacement Fund from the State and Local Sales Tax
Reform Fund shall be allocated among the Authority and the
Service Boards as follows: 15% of such moneys shall be retained
by the Authority and the remaining 85% shall be transferred to
the Service Boards as soon as may be practicable after the
Authority receives payment. Moneys which are distributable to
the Service Boards pursuant to the preceding sentence shall be
allocated among the Service Boards on the basis of each Service
Board's distribution ratio. The term "distribution ratio"
means, for purposes of this subsection (b), the ratio of the
total amount distributed to a Service Board pursuant to
subsection (a) of Section 4.03.3 for the immediately preceding
calendar year to the total amount distributed to all of the
Service Boards pursuant to subsection (a) of Section 4.03.3 for
the immediately preceding calendar year.
    (c)(i) 20% of the receipts from those taxes collected in
Cook County under Section 4.03 at the rate of 1.25%, (ii) 25%
of the receipts from those taxes collected in Cook County under
Section 4.03 at the rate of 1%, (iii) 50% of the receipts from
those taxes collected in DuPage, Kane, Lake, McHenry, and Will
Counties under Section 4.03, and (iv) amounts received from the
State under Section 4.09 (a)(2) and items (i), (ii), and (iii)
of Section 4.09 (a)(3) shall be allocated as follows: in 2008,
$100,000,000 shall be deposited in the ADA Paratransit Fund
described in Section 2.01d, $20,000,000 shall be deposited in
the Suburban Community Mobility Fund described in Section
2.01e, and $10,000,000 shall be deposited in the Innovation,
Coordination and Enhancement Fund described in Section 2.01c,
and the balance shall be allocated 48% to the Chicago Transit
Authority, 39% to the Commuter Rail Board, and 13% to the
Suburban Bus Board; and in 2009 and each year thereafter, the
amounts deposited in the ADA Paratransit Fund, the Suburban
Community Mobility Fund and the Innovation, Coordination and
Enhancement Fund respectively shall equal the amount deposited
in the previous year increased or decreased by the percentage
growth or decline in revenues received by the Authority from
taxes imposed under Section 4.03 in the previous year, and the
balance shall be allocated 48% to the Chicago Transit
Authority, 39% to the Commuter Rail Board and 13% to the
Suburban Bus Board.
    (d) Amounts received from the State under Section 4.09
(a)(3)(iv) shall be distributed 100% to the Chicago Transit
Authority.
    (e) With respect to those taxes collected in DuPage, Kane,
Lake, McHenry, and Will Counties and paid directly to the
counties under Section 4.03, the County Board of each county
shall use those amounts to fund operating and capital costs of
public safety and public transportation services or facilities
or to fund operating, capital, right-of-way, construction, and
maintenance costs of other transportation purposes, including
road, bridge, public safety, and transit purposes intended to
improve mobility or reduce congestion in the county. The
receipt of funding by such counties pursuant to this paragraph
shall not be used as the basis for reducing any funds that such
counties would otherwise have received from the State of
Illinois, any agency or instrumentality thereof, the
Authority, or the Service Boards.
    (f) The Authority by ordinance adopted by 12 of its then
Directors shall apportion to the Service Boards funds provided
by the State of Illinois under Section 4.09(a)(1) as it shall
determine and shall make payment of the amounts to each Service
Board as soon as may be practicable upon their receipt provided
the Authority has adopted a balanced budget as required by
Section 4.01 and further provided the Service Board is in
compliance with the requirements in Section 4.11.
    (g) Beginning January 1, 2009, before making any payments,
transfers, or expenditures under this Section to a Service
Board, the Authority must first comply with Section 4.02a or
4.02b of this Act, whichever may be applicable.
 
    (70 ILCS 3615/4.04)  (from Ch. 111 2/3, par. 704.04)
    Sec. 4.04. Issuance and Pledge of Bonds and Notes.
    (a) The Authority shall have the continuing power to borrow
money and to issue its negotiable bonds or notes as provided in
this Section. Unless otherwise indicated in this Section, the
term "notes" also includes bond anticipation notes, which are
notes which by their terms provide for their payment from the
proceeds of bonds thereafter to be issued. Bonds or notes of
the Authority may be issued for any or all of the following
purposes: to pay costs to the Authority or a Service Board of
constructing or acquiring any public transportation facilities
(including funds and rights relating thereto, as provided in
Section 2.05 of this Act); to repay advances to the Authority
or a Service Board made for such purposes; to pay other
expenses of the Authority or a Service Board incident to or
incurred in connection with such construction or acquisition;
to provide funds for any transportation agency to pay principal
of or interest or redemption premium on any bonds or notes,
whether as such amounts become due or by earlier redemption,
issued prior to the date of this amendatory Act by such
transportation agency to construct or acquire public
transportation facilities or to provide funds to purchase such
bonds or notes; and to provide funds for any transportation
agency to construct or acquire any public transportation
facilities, to repay advances made for such purposes, and to
pay other expenses incident to or incurred in connection with
such construction or acquisition; and to provide funds for
payment of obligations, including the funding of reserves,
under any self-insurance plan or joint self-insurance pool or
entity.
    In addition to any other borrowing as may be authorized by
this Section, the Authority may issue its notes, from time to
time, in anticipation of tax receipts of the Authority or of
other revenues or receipts of the Authority, in order to
provide money for the Authority or the Service Boards to cover
any cash flow deficit which the Authority or a Service Board
anticipates incurring. Any such notes are referred to in this
Section as "Working Cash Notes". No Working Cash Notes shall be
issued for a term of longer than 24 18 months. Proceeds of
Working Cash Notes may be used to pay day to day operating
expenses of the Authority or the Service Boards, consisting of
wages, salaries and fringe benefits, professional and
technical services (including legal, audit, engineering and
other consulting services), office rental, furniture, fixtures
and equipment, insurance premiums, claims for self-insured
amounts under insurance policies, public utility obligations
for telephone, light, heat and similar items, travel expenses,
office supplies, postage, dues, subscriptions, public hearings
and information expenses, fuel purchases, and payments of
grants and payments under purchase of service agreements for
operations of transportation agencies, prior to the receipt by
the Authority or a Service Board from time to time of funds for
paying such expenses. In addition to any Working Cash Notes
that the Board of the Authority may determine to issue, the
Suburban Bus Board, the Commuter Rail Board or the Board of the
Chicago Transit Authority may demand and direct that the
Authority issue its Working Cash Notes in such amounts and
having such maturities as the Service Board may determine.
    Notwithstanding any other provision of this Act, any
amounts necessary to pay principal of and interest on any
Working Cash Notes issued at the demand and direction of a
Service Board or any Working Cash Notes the proceeds of which
were used for the direct benefit of a Service Board or any
other Bonds or Notes of the Authority the proceeds of which
were used for the direct benefit of a Service Board shall
constitute a reduction of the amount of any other funds
provided by the Authority to that Service Board. The Authority
shall, after deducting any costs of issuance, tender the net
proceeds of any Working Cash Notes issued at the demand and
direction of a Service Board to such Service Board as soon as
may be practicable after the proceeds are received. The
Authority may also issue notes or bonds to pay, refund or
redeem any of its notes and bonds, including to pay redemption
premiums or accrued interest on such bonds or notes being
renewed, paid or refunded, and other costs in connection
therewith. The Authority may also utilize the proceeds of any
such bonds or notes to pay the legal, financial, administrative
and other expenses of such authorization, issuance, sale or
delivery of bonds or notes or to provide or increase a debt
service reserve fund with respect to any or all of its bonds or
notes. The Authority may also issue and deliver its bonds or
notes in exchange for any public transportation facilities,
(including funds and rights relating thereto, as provided in
Section 2.05 of this Act) or in exchange for outstanding bonds
or notes of the Authority, including any accrued interest or
redemption premium thereon, without advertising or submitting
such notes or bonds for public bidding.
    (b) The ordinance providing for the issuance of any such
bonds or notes shall fix the date or dates of maturity, the
dates on which interest is payable, any sinking fund account or
reserve fund account provisions and all other details of such
bonds or notes and may provide for such covenants or agreements
necessary or desirable with regard to the issue, sale and
security of such bonds or notes. The rate or rates of interest
on its bonds or notes may be fixed or variable and the
Authority shall determine or provide for the determination of
the rate or rates of interest of its bonds or notes issued
under this Act in an ordinance adopted by the Authority prior
to the issuance thereof, none of which rates of interest shall
exceed that permitted in the Bond Authorization Act. Interest
may be payable at such times as are provided for by the Board.
Bonds and notes issued under this Section may be issued as
serial or term obligations, shall be of such denomination or
denominations and form, including interest coupons to be
attached thereto, be executed in such manner, shall be payable
at such place or places and bear such date as the Authority
shall fix by the ordinance authorizing such bond or note and
shall mature at such time or times, within a period not to
exceed forty years from the date of issue, and may be
redeemable prior to maturity with or without premium, at the
option of the Authority, upon such terms and conditions as the
Authority shall fix by the ordinance authorizing the issuance
of such bonds or notes. No bond anticipation note or any
renewal thereof shall mature at any time or times exceeding 5
years from the date of the first issuance of such note. The
Authority may provide for the registration of bonds or notes in
the name of the owner as to the principal alone or as to both
principal and interest, upon such terms and conditions as the
Authority may determine. The ordinance authorizing bonds or
notes may provide for the exchange of such bonds or notes which
are fully registered, as to both principal and interest, with
bonds or notes which are registerable as to principal only. All
bonds or notes issued under this Section by the Authority other
than those issued in exchange for property or for bonds or
notes of the Authority shall be sold at a price which may be at
a premium or discount but such that the interest cost
(excluding any redemption premium) to the Authority of the
proceeds of an issue of such bonds or notes, computed to stated
maturity according to standard tables of bond values, shall not
exceed that permitted in the Bond Authorization Act. The
Authority shall notify the Governor's Office of Management and
Budget and the State Comptroller at least 30 days before any
bond sale and shall file with the Governor's Office of
Management and Budget and the State Comptroller a certified
copy of any ordinance authorizing the issuance of bonds at or
before the issuance of the bonds. After December 31, 1994, any
such bonds or notes shall be sold to the highest and best
bidder on sealed bids as the Authority shall deem. As such
bonds or notes are to be sold the Authority shall advertise for
proposals to purchase the bonds or notes which advertisement
shall be published at least once in a daily newspaper of
general circulation published in the metropolitan region at
least 10 days before the time set for the submission of bids.
The Authority shall have the right to reject any or all bids.
Notwithstanding any other provisions of this Section, Working
Cash Notes or bonds or notes to provide funds for
self-insurance or a joint self-insurance pool or entity may be
sold either upon competitive bidding or by negotiated sale
(without any requirement of publication of intention to
negotiate the sale of such Notes), as the Board shall determine
by ordinance adopted with the affirmative votes of at least 9 7
Directors. In case any officer whose signature appears on any
bonds, notes or coupons authorized pursuant to this Section
shall cease to be such officer before delivery of such bonds or
notes, such signature shall nevertheless be valid and
sufficient for all purposes, the same as if such officer had
remained in office until such delivery. Neither the Directors
of the Authority nor any person executing any bonds or notes
thereof shall be liable personally on any such bonds or notes
or coupons by reason of the issuance thereof.
    (c) All bonds or notes of the Authority issued pursuant to
this Section shall be general obligations of the Authority to
which shall be pledged the full faith and credit of the
Authority, as provided in this Section. Such bonds or notes
shall be secured as provided in the authorizing ordinance,
which may, notwithstanding any other provision of this Act,
include in addition to any other security, a specific pledge or
assignment of and lien on or security interest in any or all
tax receipts of the Authority and on any or all other revenues
or moneys of the Authority from whatever source, which may by
law be utilized for debt service purposes and a specific pledge
or assignment of and lien on or security interest in any funds
or accounts established or provided for by the ordinance of the
Authority authorizing the issuance of such bonds or notes. Any
such pledge, assignment, lien or security interest for the
benefit of holders of bonds or notes of the Authority shall be
valid and binding from the time the bonds or notes are issued
without any physical delivery or further act and shall be valid
and binding as against and prior to the claims of all other
parties having claims of any kind against the Authority or any
other person irrespective of whether such other parties have
notice of such pledge, assignment, lien or security interest.
The obligations of the Authority incurred pursuant to this
Section shall be superior to and have priority over any other
obligations of the Authority.
    The Authority may provide in the ordinance authorizing the
issuance of any bonds or notes issued pursuant to this Section
for the creation of, deposits in, and regulation and
disposition of sinking fund or reserve accounts relating to
such bonds or notes. The ordinance authorizing the issuance of
any bonds or notes pursuant to this Section may contain
provisions as part of the contract with the holders of the
bonds or notes, for the creation of a separate fund to provide
for the payment of principal and interest on such bonds or
notes and for the deposit in such fund from any or all the tax
receipts of the Authority and from any or all such other moneys
or revenues of the Authority from whatever source which may by
law be utilized for debt service purposes, all as provided in
such ordinance, of amounts to meet the debt service
requirements on such bonds or notes, including principal and
interest, and any sinking fund or reserve fund account
requirements as may be provided by such ordinance, and all
expenses incident to or in connection with such fund and
accounts or the payment of such bonds or notes. Such ordinance
may also provide limitations on the issuance of additional
bonds or notes of the Authority. No such bonds or notes of the
Authority shall constitute a debt of the State of Illinois.
Nothing in this Act shall be construed to enable the Authority
to impose any ad valorem tax on property.
    (d) The ordinance of the Authority authorizing the issuance
of any bonds or notes may provide additional security for such
bonds or notes by providing for appointment of a corporate
trustee (which may be any trust company or bank having the
powers of a trust company within the state) with respect to
such bonds or notes. The ordinance shall prescribe the rights,
duties and powers of the trustee to be exercised for the
benefit of the Authority and the protection of the holders of
such bonds or notes. The ordinance may provide for the trustee
to hold in trust, invest and use amounts in funds and accounts
created as provided by the ordinance with respect to the bonds
or notes. The ordinance may provide for the assignment and
direct payment to the trustee of any or all amounts produced
from the sources provided in Section 4.03 and Section 4.09 of
this Act and provided in Section 6z-17 of "An Act in relation
to State finance", approved June 10, 1919, as amended. Upon
receipt of notice of any such assignment, the Department of
Revenue and the Comptroller of the State of Illinois shall
thereafter, notwithstanding the provisions of Section 4.03 and
Section 4.09 of this Act and Section 6z-17 of "An Act in
relation to State finance", approved June 10, 1919, as amended,
provide for such assigned amounts to be paid directly to the
trustee instead of the Authority, all in accordance with the
terms of the ordinance making the assignment. The ordinance
shall provide that amounts so paid to the trustee which are not
required to be deposited, held or invested in funds and
accounts created by the ordinance with respect to bonds or
notes or used for paying bonds or notes to be paid by the
trustee to the Authority.
    (e) Any bonds or notes of the Authority issued pursuant to
this Section shall constitute a contract between the Authority
and the holders from time to time of such bonds or notes. In
issuing any bond or note, the Authority may include in the
ordinance authorizing such issue a covenant as part of the
contract with the holders of the bonds or notes, that as long
as such obligations are outstanding, it shall make such
deposits, as provided in paragraph (c) of this Section. It may
also so covenant that it shall impose and continue to impose
taxes, as provided in Section 4.03 of this Act and in addition
thereto as subsequently authorized by law, sufficient to make
such deposits and pay the principal and interest and to meet
other debt service requirements of such bonds or notes as they
become due. A certified copy of the ordinance authorizing the
issuance of any such obligations shall be filed at or prior to
the issuance of such obligations with the Comptroller of the
State of Illinois and the Illinois Department of Revenue.
    (f) The State of Illinois pledges to and agrees with the
holders of the bonds and notes of the Authority issued pursuant
to this Section that the State will not limit or alter the
rights and powers vested in the Authority by this Act so as to
impair the terms of any contract made by the Authority with
such holders or in any way impair the rights and remedies of
such holders until such bonds and notes, together with interest
thereon, with interest on any unpaid installments of interest,
and all costs and expenses in connection with any action or
proceedings by or on behalf of such holders, are fully met and
discharged. In addition, the State pledges to and agrees with
the holders of the bonds and notes of the Authority issued
pursuant to this Section that the State will not limit or alter
the basis on which State funds are to be paid to the Authority
as provided in this Act, or the use of such funds, so as to
impair the terms of any such contract. The Authority is
authorized to include these pledges and agreements of the State
in any contract with the holders of bonds or notes issued
pursuant to this Section.
    (g) (1) Except as provided in subdivisions (g)(2) and
    (g)(3) of Section 4.04 of this Act, the Authority shall not
    at any time issue, sell or deliver any bonds or notes
    (other than Working Cash Notes) pursuant to this Section
    4.04 which will cause it to have issued and outstanding at
    any time in excess of $800,000,000 of such bonds and notes
    (other than Working Cash Notes). The Authority shall not at
    any time issue, sell, or deliver any Working Cash Notes
    pursuant to this Section that will cause it to have issued
    and outstanding at any time in excess of $100,000,000.
    Notwithstanding the foregoing, before July 1, 2009, the
    Authority may issue, sell, and deliver an additional
    $300,000,000 in Working Cash Notes, provided that any such
    additional notes shall mature on or before June 30, 2011.
    The Authority shall not at any time issue, sell or deliver
    any Working Cash Notes pursuant to this Section which will
    cause it to have issued and outstanding at any time in
    excess of $100,000,000 of Working Cash Notes. Bonds or
    notes which are being paid or retired by such issuance,
    sale or delivery of bonds or notes, and bonds or notes for
    which sufficient funds have been deposited with the paying
    agency of such bonds or notes to provide for payment of
    principal and interest thereon or to provide for the
    redemption thereof, all pursuant to the ordinance
    authorizing the issuance of such bonds or notes, shall not
    be considered to be outstanding for the purposes of the
    first two sentences of this subsection.
        (2) In addition to the authority provided by paragraphs
    (1) and (3), the Authority is authorized to issue, sell and
    deliver bonds or notes for Strategic Capital Improvement
    Projects approved pursuant to Section 4.13 as follows:
        $100,000,000 is authorized to be issued on or after
    January 1, 1990;
        an additional $100,000,000 is authorized to be issued
    on or after January 1, 1991;
        an additional $100,000,000 is authorized to be issued
    on or after January 1, 1992;
        an additional $100,000,000 is authorized to be issued
    on or after January 1, 1993;
        an additional $100,000,000 is authorized to be issued
    on or after January 1, 1994; and
        the aggregate total authorization of bonds and notes
    for Strategic Capital Improvement Projects as of January 1,
    1994, shall be $500,000,000.
        The Authority is also authorized to issue, sell, and
    deliver bonds or notes in such amounts as are necessary to
    provide for the refunding or advance refunding of bonds or
    notes issued for Strategic Capital Improvement Projects
    under this subdivision (g)(2), provided that no such
    refunding bond or note shall mature later than the final
    maturity date of the series of bonds or notes being
    refunded, and provided further that the debt service
    requirements for such refunding bonds or notes in the
    current or any future fiscal year shall not exceed the debt
    service requirements for that year on the refunded bonds or
    notes.
        (3) In addition to the authority provided by paragraphs
    (1) and (2), the Authority is authorized to issue, sell,
    and deliver bonds or notes for Strategic Capital
    Improvement Projects approved pursuant to Section 4.13 as
    follows:
        $260,000,000 is authorized to be issued on or after
    January 1, 2000;
        an additional $260,000,000 is authorized to be issued
    on or after January 1, 2001;
        an additional $260,000,000 is authorized to be issued
    on or after January 1, 2002;
        an additional $260,000,000 is authorized to be issued
    on or after January 1, 2003;
        an additional $260,000,000 is authorized to be issued
    on or after January 1, 2004; and
        the aggregate total authorization of bonds and notes
    for Strategic Capital Improvement Projects pursuant to
    this paragraph (3) as of January 1, 2004 shall be
    $1,300,000,000.
        The Authority is also authorized to issue, sell, and
    deliver bonds or notes in such amounts as are necessary to
    provide for the refunding or advance refunding of bonds or
    notes issued for Strategic Capital Improvement projects
    under this subdivision (g)(3), provided that no such
    refunding bond or note shall mature later than the final
    maturity date of the series of bonds or notes being
    refunded, and provided further that the debt service
    requirements for such refunding bonds or notes in the
    current or any future fiscal year shall not exceed the debt
    service requirements for that year on the refunded bonds or
    notes.
    (h) The Authority, subject to the terms of any agreements
with noteholders or bond holders as may then exist, shall have
power, out of any funds available therefor, to purchase notes
or bonds of the Authority, which shall thereupon be cancelled.
    (i) In addition to any other authority granted by law, the
State Treasurer may, with the approval of the Governor, invest
or reinvest, at a price not to exceed par, any State money in
the State Treasury which is not needed for current expenditures
due or about to become due in Working Cash Notes.
(Source: P.A. 94-793, eff. 5-19-06.)
 
    (70 ILCS 3615/4.09)  (from Ch. 111 2/3, par. 704.09)
    Sec. 4.09. Public Transportation Fund and the Regional
Transportation Authority Occupation and Use Tax Replacement
Fund.
    (a)(1) (a) As soon as possible after the first day of each
month, beginning November 1, 1983, the Comptroller shall order
transferred and the Treasurer shall transfer from the General
Revenue Fund to a special fund in the State Treasury, to be
known as the "Public Transportation Fund" $9,375,000 for each
month remaining in State fiscal year 1984. As soon as possible
after the first day of each month, beginning July 1, 1984, upon
certification of the Department of Revenue, the Comptroller
shall order transferred and the Treasurer shall transfer from
the General Revenue Fund to a special fund in the State
Treasury to be known as the Public Transportation Fund an
amount equal to 25% of the net revenue, before the deduction of
the serviceman and retailer discounts pursuant to Section 9 of
the Service Occupation Tax Act and Section 3 of the Retailers'
Occupation Tax Act, realized from any tax imposed by the
Authority pursuant to Sections 4.03 and 4.03.1 and 25% of the
amounts deposited into the Regional Transportation Authority
tax fund created by Section 4.03 of this Act, from the County
and Mass Transit District Fund as provided in Section 6z-20 of
the State Finance Act and 25% of the amounts deposited into the
Regional Transportation Authority Occupation and Use Tax
Replacement Fund from the State and Local Sales Tax Reform Fund
as provided in Section 6z-17 of the State Finance Act. On the
first day of the month following the date that the Department
receives revenues from increased taxes under Section 4.03(m) as
authorized by this amendatory Act of the 95th General Assembly,
in lieu of the transfers authorized in the preceding sentence,
upon certification of the Department of Revenue, the
Comptroller shall order transferred and the Treasurer shall
transfer from the General Revenue Fund to the Public
Transportation Fund an amount equal to 25% of the net revenue,
before the deduction of the serviceman and retailer discounts
pursuant to Section 9 of the Service Occupation Tax Act and
Section 3 of the Retailers' Occupation Tax Act, realized from
(i) 80% of the proceeds of any tax imposed by the Authority at
a rate of 1.25% in Cook County, (ii) 75% of the proceeds of any
tax imposed by the Authority at the rate of 1% in Cook County,
and (iii) one-third of the proceeds of any tax imposed by the
Authority at the rate of 0.75% in the Counties of DuPage, Kane,
Lake, McHenry, and Will, all pursuant to Section 4.03, and 25%
of the net revenue realized from any tax imposed by the
Authority pursuant to Section 4.03.1, and 25% of the amounts
deposited into the Regional Transportation Authority tax fund
created by Section 4.03 of this Act from the County and Mass
Transit District Fund as provided in Section 6z-20 of the State
Finance Act, and 25% of the amounts deposited into the Regional
Transportation Authority Occupation and Use Tax Replacement
Fund from the State and Local Sales Tax Reform Fund as provided
in Section 6z-17 of the State Finance Act. As used in this
Section, net Net revenue realized for a month shall be the
revenue collected by the State pursuant to Sections 4.03 and
4.03.1 during the previous month from within the metropolitan
region, less the amount paid out during that same month as
refunds to taxpayers for overpayment of liability in the
metropolitan region under Sections 4.03 and 4.03.1.
    (2) On the first day of the month following the effective
date of this amendatory Act of the 95th General Assembly and
each month thereafter, upon certification by the Department of
Revenue, the Comptroller shall order transferred and the
Treasurer shall transfer from the General Revenue Fund to the
Public Transportation Fund an amount equal to 5% of the net
revenue, before the deduction of the serviceman and retailer
discounts pursuant to Section 9 of the Service Occupation Tax
Act and Section 3 of the Retailers' Occupation Tax Act,
realized from any tax imposed by the Authority pursuant to
Sections 4.03 and 4.03.1 and certified by the Department of
Revenue under Section 4.03(n) of this Act to be paid to the
Authority and 5% of the revenue realized by the Chicago Transit
Authority as financial assistance from the City of Chicago from
the proceeds of any tax imposed by the City of Chicago under
Section 8-3-19 of the Illinois Municipal Code.
    (3) As soon as possible after the first day of January,
2009 and each month thereafter, upon certification of the
Department of Revenue with respect to the taxes collected under
Section 4.03, the Comptroller shall order transferred and the
Treasurer shall transfer from the General Revenue Fund to the
Public Transportation Fund an amount equal to 25% of the net
revenue, before the deduction of the serviceman and retailer
discounts pursuant to Section 9 of the Service Occupation Tax
Act and Section 3 of the Retailers' Occupation Tax Act,
realized from (i) 20% of the proceeds of any tax imposed by the
Authority at a rate of 1.25% in Cook County, (ii) 25% of the
proceeds of any tax imposed by the Authority at the rate of 1%
in Cook County, and (iii) one-third of the proceeds of any tax
imposed by the Authority at the rate of 0.75% in the Counties
of DuPage, Kane, Lake, McHenry, and Will, all pursuant to
Section 4.03, and the Comptroller shall order transferred and
the Treasurer shall transfer from the General Revenue Fund to
the Public Transportation Fund (iv) an amount equal to 25% of
the revenue realized by the Chicago Transit Authority as
financial assistance from the City of Chicago from the proceeds
of any tax imposed by the City of Chicago under Section 8-3-19
of the Illinois Municipal Code.
    (b)(1) All moneys deposited in the Public Transportation
Fund and the Regional Transportation Authority Occupation and
Use Tax Replacement Fund, whether deposited pursuant to this
Section or otherwise, are allocated to the Authority. The
Pursuant to appropriation, the Comptroller, as soon as possible
after each monthly transfer provided in this Section and after
each deposit into the Public Transportation Fund, shall order
the Treasurer to pay to the Authority out of the Public
Transportation Fund the amount so transferred or deposited. Any
Additional State Assistance and Additional Financial
Assistance paid to the Authority under this Section shall be
expended by the Authority for its purposes as provided in this
Act. The balance of the amounts paid to the Authority from the
Public Transportation Fund shall be expended by the Authority
as provided in Section 4.03.3. The Such amounts paid to the
Authority may be expended by it for its purposes as provided in
this Act. Subject to appropriation to the Department of
Revenue, the Comptroller, as soon as possible after each
deposit into the Regional Transportation Authority Occupation
and Use Tax Replacement Fund provided in this Section and
Section 6z-17 of the State Finance Act, shall order the
Treasurer to pay to the Authority out of the Regional
Transportation Authority Occupation and Use Tax Replacement
Fund the amount so deposited. Such amounts paid to the
Authority may be expended by it for its purposes as provided in
this Act. The provisions directing the distributions from the
Public Transportation Fund and the Regional Transportation
Authority Occupation and Use Tax Replacement Fund provided for
in this Section shall constitute an irrevocable and continuing
appropriation of all amounts as provided herein. The State
Treasurer and State Comptroller are hereby authorized and
directed to make distributions as provided in this Section. (2)
Provided, however, no moneys deposited under subsection (a) of
this Section shall be paid from the Public Transportation Fund
to the Authority or its assignee for any fiscal year beginning
after the effective date of this amendatory Act of 1983 until
the Authority has certified to the Governor, the Comptroller,
and the Mayor of the City of Chicago that it has adopted for
that fiscal year an Annual Budget and Two-Year Financial Plan a
budget and financial plan meeting the requirements in Section
4.01(b).
    (c) In recognition of the efforts of the Authority to
enhance the mass transportation facilities under its control,
the State shall provide financial assistance ("Additional
State Assistance") in excess of the amounts transferred to the
Authority from the General Revenue Fund under subsection (a) of
this Section. Additional State Assistance shall be calculated
as provided in subsection (d), but shall in no event exceed the
following specified amounts with respect to the following State
fiscal years:
        1990$5,000,000;
        1991$5,000,000;
        1992$10,000,000;
        1993$10,000,000;
        1994$20,000,000;
        1995$30,000,000;
        1996$40,000,000;
        1997$50,000,000;
        1998$55,000,000; and
        each year thereafter$55,000,000.
    (c-5) The State shall provide financial assistance
("Additional Financial Assistance") in addition to the
Additional State Assistance provided by subsection (c) and the
amounts transferred to the Authority from the General Revenue
Fund under subsection (a) of this Section. Additional Financial
Assistance provided by this subsection shall be calculated as
provided in subsection (d), but shall in no event exceed the
following specified amounts with respect to the following State
fiscal years:
        2000$0;
        2001$16,000,000;
        2002$35,000,000;
        2003$54,000,000;
        2004$73,000,000;
        2005$93,000,000; and
        each year thereafter$100,000,000.
    (d) Beginning with State fiscal year 1990 and continuing
for each State fiscal year thereafter, the Authority shall
annually certify to the State Comptroller and State Treasurer,
separately with respect to each of subdivisions (g)(2) and
(g)(3) of Section 4.04 of this Act, the following amounts:
        (1) The amount necessary and required, during the State
    fiscal year with respect to which the certification is
    made, to pay its obligations for debt service on all
    outstanding bonds or notes issued by the Authority under
    subdivisions (g)(2) and (g)(3) of Section 4.04 of this Act.
        (2) An estimate of the amount necessary and required to
    pay its obligations for debt service for any bonds or notes
    which the Authority anticipates it will issue under
    subdivisions (g)(2) and (g)(3) of Section 4.04 during that
    State fiscal year.
        (3) Its debt service savings during the preceding State
    fiscal year from refunding or advance refunding of bonds or
    notes issued under subdivisions (g)(2) and (g)(3) of
    Section 4.04.
        (4) The amount of interest, if any, earned by the
    Authority during the previous State fiscal year on the
    proceeds of bonds or notes issued pursuant to subdivisions
    (g)(2) and (g)(3) of Section 4.04, other than refunding or
    advance refunding bonds or notes.
    The certification shall include a specific schedule of debt
service payments, including the date and amount of each payment
for all outstanding bonds or notes and an estimated schedule of
anticipated debt service for all bonds and notes it intends to
issue, if any, during that State fiscal year, including the
estimated date and estimated amount of each payment.
    Immediately upon the issuance of bonds for which an
estimated schedule of debt service payments was prepared, the
Authority shall file an amended certification with respect to
item (2) above, to specify the actual schedule of debt service
payments, including the date and amount of each payment, for
the remainder of the State fiscal year.
    On the first day of each month of the State fiscal year in
which there are bonds outstanding with respect to which the
certification is made, the State Comptroller shall order
transferred and the State Treasurer shall transfer from the
General Revenue Fund to the Public Transportation Fund the
Additional State Assistance and Additional Financial
Assistance in an amount equal to the aggregate of (i)
one-twelfth of the sum of the amounts certified under items (1)
and (3) above less the amount certified under item (4) above,
plus (ii) the amount required to pay debt service on bonds and
notes issued during the fiscal year, if any, divided by the
number of months remaining in the fiscal year after the date of
issuance, or some smaller portion as may be necessary under
subsection (c) or (c-5) of this Section for the relevant State
fiscal year, plus (iii) any cumulative deficiencies in
transfers for prior months, until an amount equal to the sum of
the amounts certified under items (1) and (3) above, plus the
actual debt service certified under item (2) above, less the
amount certified under item (4) above, has been transferred;
except that these transfers are subject to the following
limits:
        (A) In no event shall the total transfers in any State
    fiscal year relating to outstanding bonds and notes issued
    by the Authority under subdivision (g)(2) of Section 4.04
    exceed the lesser of the annual maximum amount specified in
    subsection (c) or the sum of the amounts certified under
    items (1) and (3) above, plus the actual debt service
    certified under item (2) above, less the amount certified
    under item (4) above, with respect to those bonds and
    notes.
        (B) In no event shall the total transfers in any State
    fiscal year relating to outstanding bonds and notes issued
    by the Authority under subdivision (g)(3) of Section 4.04
    exceed the lesser of the annual maximum amount specified in
    subsection (c-5) or the sum of the amounts certified under
    items (1) and (3) above, plus the actual debt service
    certified under item (2) above, less the amount certified
    under item (4) above, with respect to those bonds and
    notes.
    The term "outstanding" does not include bonds or notes for
which refunding or advance refunding bonds or notes have been
issued.
    (e) Neither Additional State Assistance nor Additional
Financial Assistance may be pledged, either directly or
indirectly as general revenues of the Authority, as security
for any bonds issued by the Authority. The Authority may not
assign its right to receive Additional State Assistance or
Additional Financial Assistance, or direct payment of
Additional State Assistance or Additional Financial
Assistance, to a trustee or any other entity for the payment of
debt service on its bonds.
    (f) The certification required under subsection (d) with
respect to outstanding bonds and notes of the Authority shall
be filed as early as practicable before the beginning of the
State fiscal year to which it relates. The certification shall
be revised as may be necessary to accurately state the debt
service requirements of the Authority.
    (g) Within 6 months of the end of the 3 month period ending
December 31, 1983, and each fiscal year thereafter, the
Authority shall determine:
        (i) whether the aggregate of all system generated
    revenues for public transportation in the metropolitan
    region which is provided by, or under grant or purchase of
    service contracts with, the Service Boards equals 50% of
    the aggregate of all costs of providing such public
    transportation. "System generated revenues" include all
    the proceeds of fares and charges for services provided,
    contributions received in connection with public
    transportation from units of local government other than
    the Authority, except for contributions received by the
    Chicago Transit Authority from a real estate transfer tax
    imposed under subsection (i) of Section 8-3-19 of the
    Illinois Municipal Code, and from the State pursuant to
    subsection (i) of Section 2705-305 of the Department of
    Transportation Law (20 ILCS 2705/2705-305), and all other
    revenues properly included consistent with generally
    accepted accounting principles but may not include: the
    proceeds from any borrowing, and, beginning with the 2007
    fiscal year, all revenues and receipts, including but not
    limited to fares and grants received from the federal,
    State or any unit of local government or other entity,
    derived from providing ADA paratransit service pursuant to
    Section 2.30 of the Regional Transportation Authority Act.
    "Costs" include all items properly included as operating
    costs consistent with generally accepted accounting
    principles, including administrative costs, but do not
    include: depreciation; payment of principal and interest
    on bonds, notes or other evidences of obligations for
    borrowed money of the Authority; payments with respect to
    public transportation facilities made pursuant to
    subsection (b) of Section 2.20; any payments with respect
    to rate protection contracts, credit enhancements or
    liquidity agreements made under Section 4.14; any other
    cost as to which it is reasonably expected that a cash
    expenditure will not be made; costs up to $5,000,000
    annually for passenger security including grants,
    contracts, personnel, equipment and administrative
    expenses, except in the case of the Chicago Transit
    Authority, in which case the term does not include costs
    spent annually by that entity for protection against crime
    as required by Section 27a of the Metropolitan Transit
    Authority Act; the costs of Debt Service paid by the
    Chicago Transit Authority, as defined in Section 12c of the
    Metropolitan Transit Authority Act, or bonds or notes
    issued pursuant to that Section; the payment by the
    Commuter Rail Division of debt service on bonds issued
    pursuant to Section 3B.09; expenses incurred by the
    Suburban Bus Division for the cost of new public
    transportation services funded from grants pursuant to
    Section 2.01e of this amendatory Act of the 95th General
    Assembly for a period of 2 years from the date of
    initiation of each such service; costs as exempted by the
    Board for projects pursuant to Section 2.09 of this Act;
    or, beginning with the 2007 fiscal year, expenses related
    to providing ADA paratransit service pursuant to Section
    2.30 of the Regional Transportation Authority Act; or in
    fiscal years 2008 through 2012 inclusive, costs in the
    amount of $200,000,000 in fiscal year 2008, reducing by
    $40,000,000 in each fiscal year thereafter until this
    exemption is eliminated. If said system generated revenues
    are less than 50% of said costs, the Board shall remit an
    amount equal to the amount of the deficit to the State. The
    Treasurer shall deposit any such payment in the General
    Revenue Fund; and
        (ii) whether, beginning with the 2007 fiscal year, the
    aggregate of all fares charged and received for ADA
    paratransit services equals the system generated ADA
    paratransit services revenue recovery ratio percentage of
    the aggregate of all costs of providing such ADA
    paratransit services.
    (h) If the Authority makes any payment to the State under
paragraph (g), the Authority shall reduce the amount provided
to a Service Board from funds transferred under paragraph (a)
in proportion to the amount by which that Service Board failed
to meet its required system generated revenues recovery ratio.
A Service Board which is affected by a reduction in funds under
this paragraph shall submit to the Authority concurrently with
its next due quarterly report a revised budget incorporating
the reduction in funds. The revised budget must meet the
criteria specified in clauses (i) through (vi) of Section
4.11(b)(2). The Board shall review and act on the revised
budget as provided in Section 4.11(b)(3).
(Source: P.A. 94-370, eff. 7-29-05.)
 
    (70 ILCS 3615/4.11)  (from Ch. 111 2/3, par. 704.11)
    Sec. 4.11. Budget Review Powers.
    (a) The provisions of this Section shall only be applicable
to financial periods beginning after December 31, 1983. The
Transition Board shall adopt a timetable governing the
certification of estimates and any submissions required under
this Section for fiscal year 1984 which shall control over the
provisions of this Act. Based upon estimates which shall be
given to the Authority by the Director of the Governor's Office
of Management and Budget (formerly Bureau of the Budget) of the
receipts to be received by the Authority from the taxes imposed
by the Authority and the authorized estimates of amounts to be
available from State and other sources to the Service Boards,
and the times at which such receipts and amounts will be
available, the Board shall, not later than the next preceding
September 15th prior to the beginning of the Authority's next
fiscal year, advise each Service Board of the amounts estimated
by the Board to be available for such Service Board during such
fiscal year and the two following fiscal years and the times at
which such amounts will be available. The Board shall, at the
same time, also advise each Service Board of its required
system generated revenues recovery ratio for the next fiscal
year which shall be the percentage of the aggregate costs of
providing public transportation by or under jurisdiction of
that Service Board which must be recovered from system
generated revenues. The Board shall, at the same time,
beginning with the 2007 fiscal year, also advise each Service
Board that provides ADA paratransit services of its required
system generated ADA paratransit services revenue recovery
ratio for the next fiscal year which shall be the percentage of
the aggregate costs of providing ADA paratransit services by or
under jurisdiction of that Service Board which must be
recovered from fares charged for such services, except that
such required system generated ADA paratransit services
revenue recovery ratio shall not exceed the minimum percentage
established pursuant to Section 4.01(b)(ii) of this Act. In
determining a Service Board's system generated revenue
recovery ratio, the Board shall consider the historical system
generated revenues recovery ratio for the services subject to
the jurisdiction of that Service Board. The Board shall not
increase a Service Board's system generated revenues recovery
ratio for the next fiscal year over such ratio for the current
fiscal year disproportionately or prejudicially to increases
in such ratios for other Service Boards. The Board may, by
ordinance, provide that (i) the cost of research and
development projects in the fiscal year beginning January 1,
1986 and ending December 31, 1986 conducted pursuant to Section
2.09 of this Act, and (ii) up to $5,000,000 annually of the
costs for passenger security, and (iii) expenditures of amounts
granted to a Service Board from the Innovation, Coordination,
and Enhancement Fund for operating purposes may be exempted
from the farebox recovery ratio or the system generated
revenues recovery ratio of the Chicago Transit Authority, the
Suburban Bus Board, and the Commuter Rail Board, or any of
them. During fiscal years 2008 through 2012, the Board may also
allocate the exemption of $200,000,000 and the reducing amounts
of costs provided by this amendatory Act of the 95th General
Assembly from the farebox recovery ratio or system generated
revenues recovery ratio of each Service Board. For the fiscal
year beginning January 1, 1986 and ending December 31, 1986,
and for the fiscal year beginning January 1, 1987 and ending
December 31, 1987, the Board shall, by ordinance, provide that:
(1) the amount of a grant, pursuant to Section 2705-310 of the
Department of Transportation Law (20 ILCS 2705/2705-310), from
the Department of Transportation for the cost of services for
the mobility limited provided by the Chicago Transit Authority,
and (2) the amount of a grant, pursuant to Section 2705-310 of
the Department of Transportation Law (20 ILCS 2705/2705-310),
from the Department of Transportation for the cost of services
for the mobility limited by the Suburban Bus Board or the
Commuter Rail Board, be exempt from the farebox recovery ratio
or the system generated revenues recovery ratio.
    (b)(1) Not later than the next preceding November 15 prior
to the commencement of such fiscal year, each Service Board
shall submit to the Authority its proposed budget for such
fiscal year and its proposed financial plan for the two
following fiscal years. Such budget and financial plan shall
(i) be prepared in the format, follow the financial and
budgetary practices, and be based on any assumptions and
projections required by the Authority and (ii) not project or
assume a receipt of revenues from the Authority in amounts
greater than those set forth in the estimates provided by the
Authority pursuant to subsection (a) of this Section.
    (2) The Board shall review the proposed budget and two-year
financial plan submitted by each Service Board, and shall adopt
a consolidated budget and financial plan. The Board shall
approve the budget and two-year financial plan of a Service
Board if:
        (i) the Board has approved the proposed budget and cash
    flow plan for such fiscal year of each Service Board,
    pursuant to the conditions set forth in clauses (ii)
    through (vii) of this paragraph;
        (i) (ii) such budget and plan show a balance between
    (A) anticipated revenues from all sources including
    operating subsidies and (B) the costs of providing the
    services specified and of funding any operating deficits or
    encumbrances incurred in prior periods, including
    provision for payment when due of principal and interest on
    outstanding indebtedness;
        (ii) (iii) such budget and plan show cash balances
    including the proceeds of any anticipated cash flow
    borrowing sufficient to pay with reasonable promptness all
    costs and expenses as incurred;
        (iii) (iv) such budget and plan provide for a level of
    fares or charges and operating or administrative costs for
    the public transportation provided by or subject to the
    jurisdiction of such Service Board sufficient to allow the
    Service Board to meet its required system generated revenue
    recovery ratio and, beginning with the 2007 fiscal year,
    system generated ADA paratransit services revenue recovery
    ratio;
        (iv) (v) such budget and plan are based upon and employ
    assumptions and projections which are reasonable and
    prudent;
        (v) (vi) such budget and plan have been prepared in
    accordance with sound financial practices as determined by
    the Board; and
        (vi) (vii) such budget and plan meet such other
    financial, budgetary, or fiscal requirements that the
    Board may by rule or regulation establish; and .
        (vii) such budget and plan are consistent with the
    goals and objectives adopted by the Authority in the
    Strategic Plan.
    (3) (Blank) In determining whether the budget and financial
plan provide a level of fares or charges sufficient to allow a
Service Board to meet its required system generated revenue
recovery ratio and, beginning with the 2007 fiscal year, system
generated ADA paratransit services revenue recovery ratio
under clause (iv) in subparagraph (2), the Board shall allow a
Service Board to carry over cash from farebox revenues to
subsequent fiscal years.
    (4) Unless the Board by an affirmative vote of 12 9 of the
then Directors determines that the budget and financial plan of
a Service Board meets the criteria specified in clauses (i)
(ii) through (vii) of subparagraph (2) of this paragraph (b),
the Board shall withhold from not release to that Service Board
25% of any funds for the periods covered by such budget and
financial plan except for the cash proceeds of taxes imposed by
the Authority under Section 4.03 and Section 4.03.1 and
received after February 1 and 25% of the amounts transferred to
the Authority from the Public Transportation Fund under Section
4.09(a) (but not including Section 4.09(a)(3)(iv)) after
February 1 that the Board has estimated to be available to that
Service Board under Section 4.11(a). Such funding shall be
released to the Service Board only upon approval of a budget
and financial plan under this Section or adoption of a budget
and financial plan on behalf of the Service Board by the
Authority which are allocated to the Service Board under
Section 4.01.
    (5) If the Board has not found that the budget and
financial plan of a Service Board meets the criteria specified
in clauses (i) through (vii) of subparagraph (2) of this
paragraph (b), the Board, by the affirmative vote of at least
12 of its then Directors, shall shall, five working days after
the start of the Service Board's fiscal year adopt a budget and
financial plan meeting such criteria for that Service Board.
    (c)(1) If the Board shall at any time have received a
revised estimate, or revises any estimate the Board has made,
pursuant to this Section of the receipts to be collected by the
Authority which, in the judgment of the Board, requires a
change in the estimates on which the budget of any Service
Board is based, the Board shall advise the affected Service
Board of such revised estimates, and such Service Board shall
within 30 days after receipt of such advice submit a revised
budget incorporating such revised estimates. If the revised
estimates require, in the judgment of the Board, that the
system generated revenues recovery ratio of one or more Service
Boards be revised in order to allow the Authority to meet its
required ratio, the Board shall advise any such Service Board
of its revised ratio and such Service Board shall within 30
days after receipt of such advice submit a revised budget
incorporating such revised estimates or ratio.
    (2) Each Service Board shall, within such period after the
end of each fiscal quarter as shall be specified by the Board,
report to the Authority its financial condition and results of
operations and the financial condition and results of
operations of the public transportation services subject to its
jurisdiction, as at the end of and for such quarter. If in the
judgment of the Board such condition and results are not
substantially in accordance with such Service Board's budget
for such period, the Board shall so advise such Service Board
and such Service Board shall within the period specified by the
Board submit a revised budget incorporating such results.
    (3) If the Board shall determine that a revised budget
submitted by a Service Board pursuant to subparagraph (1) or
(2) of this paragraph (c) does not meet the criteria specified
in clauses (i) (ii) through (vii) of subparagraph (2) of
paragraph (b) of this Section, the Board shall withhold from
not release any monies to that Service Board 25% of except the
cash proceeds of taxes imposed by the Authority under Section
4.03 or 4.03.1 and received by the Authority after February 1
and 25% of the amounts transferred to the Authority from the
Public Transportation Fund under Section 4.09(a) (but not
including Section 4.09(a)(3)(iv)) after February 1 that the
Board has estimated to be available which are allocated to that
the Service Board under Section 4.11(a) 4.01. If the Service
Board submits a revised financial plan and budget which plan
and budget shows that the criteria will be met within a four
quarter period, the Board shall continue to release any such
withheld funds to the Service Board. The Board by the
affirmative vote of at least 12 a 9 vote of its then Directors
may require a Service Board to submit a revised financial plan
and budget which shows that the criteria will be met in a time
period less than four quarters.
    (d) All budgets and financial plans, financial statements,
audits and other information presented to the Authority
pursuant to this Section or which may be required by the Board
to permit it to monitor compliance with the provisions of this
Section shall be prepared and presented in such manner and
frequency and in such detail as shall have been prescribed by
the Board, shall be prepared on both an accrual and cash flow
basis as specified by the Board, shall present such information
as the Authority shall prescribe that fairly presents the
condition of any pension plan or trust for health care benefits
with respect to retirees established by the Service Board and
describes the plans of the Service Board to meet the
requirements of Sections 4.02a and 4.02b, and shall identify
and describe the assumptions and projections employed in the
preparation thereof to the extent required by the Board. If the
Executive Director certifies that a Service Board has not
presented its budget and two-year financial plan in conformity
with the rules adopted by the Authority under the provisions of
Section 4.01(f) and this subsection (d), and such certification
is accepted by the affirmative vote of at least 12 of the then
Directors of the Authority, the Authority shall not distribute
to that Service Board any funds for operating purposes in
excess of the amounts distributed for such purposes to the
Service Board in the previous fiscal year. Except when the
Board adopts a budget and a financial plan for a Service Board
under paragraph (b)(5), a Service Board shall provide for such
levels of transportation services and fares or charges therefor
as it deems appropriate and necessary in the preparation of a
budget and financial plan meeting the criteria set forth in
clauses (i) (ii) through (vii) of subparagraph (2) of paragraph
(b) of this Section. The Authority Board shall have access to
and the right to examine and copy all books, documents, papers,
records, or other source data of a Service Board relevant to
any information submitted pursuant to this Section.
    (e) Whenever this Section requires the Board to make
determinations with respect to estimates, budgets or financial
plans, or rules or regulations with respect thereto such
determinations shall be made upon the affirmative vote of at
least 12 9 of the then Directors and shall be incorporated in a
written report of the Board and such report shall be submitted
within 10 days after such determinations are made to the
Governor, the Mayor of Chicago (if such determinations relate
to the Chicago Transit Authority), and the Auditor General of
Illinois.
(Source: P.A. 94-370, eff. 7-29-05.)
 
    (70 ILCS 3615/4.13)  (from Ch. 111 2/3, par. 704.13)
    Sec. 4.13. Annual Capital Improvement Plan.
    (a) With respect to each calendar year, the Authority shall
prepare as part of its Five Year Program an Annual Capital
Improvement Plan (the "Plan") which shall describe its intended
development and implementation of the Strategic Capital
Improvement Program. The Plan shall include the following
information:
        (i) a list of projects for which approval is sought
    from the Governor, with a description of each project
    stating at a minimum the project cost, its category, its
    location and the entity responsible for its
    implementation;
        (ii) a certification by the Authority that the
    Authority and the Service Boards have applied for all
    grants, loans and other moneys made available by the
    federal government or the State of Illinois during the
    preceding federal and State fiscal years for financing its
    capital development activities;
        (iii) a certification that, as of September 30 of the
    preceding calendar year or any later date, the balance of
    all federal capital grant funds and all other funds to be
    used as matching funds therefor which were committed to or
    possessed by the Authority or a Service Board but which had
    not been obligated was less than $350,000,000, or a greater
    amount as authorized in writing by the Governor (for
    purposes of this subsection (a), "obligated" means
    committed to be paid by the Authority or a Service Board
    under a contract with a nongovernmental entity in
    connection with the performance of a project or committed
    under a force account plan approved by the federal
    government);
        (iv) a certification that the Authority has adopted a
    balanced budget with respect to such calendar year under
    Section 4.01 of this Act;
        (v) a schedule of all bonds or notes previously issued
    for Strategic Capital Improvement Projects and all debt
    service payments to be made with respect to all such bonds
    and the estimated additional debt service payments through
    June 30 of the following calendar year expected to result
    from bonds to be sold prior thereto;
        (vi) a long-range summary of the Strategic Capital
    Improvement Program describing the projects to be funded
    through the Program with respect to project cost, category,
    location, and implementing entity, and presenting a
    financial plan including an estimated time schedule for
    obligating funds for the performance of approved projects,
    issuing bonds, expending bond proceeds and paying debt
    service throughout the duration of the Program; and
        (vii) the source of funding for each project in the
    Plan. For any project for which full funding has not yet
    been secured and which is not subject to a federal full
    funding contract, the Authority must identify alternative,
    dedicated funding sources available to complete the
    project. The Governor may waive this requirement on a
    project by project basis.
    (b) The Authority shall submit the Plan with respect to any
calendar year to the Governor on or before January 15 of that
year, or as soon as possible thereafter; provided, however,
that the Plan shall be adopted on the affirmative votes of 12 9
of the then Directors. The Plan may be revised or amended at
any time, but any revision in the projects approved shall
require the Governor's approval.
    (c) The Authority shall seek approval from the Governor
only through the Plan or an amendment thereto. The Authority
shall not request approval of the Plan from the Governor in any
calendar year in which it is unable to make the certifications
required under items (ii), (iii) and (iv) of subsection (a). In
no event shall the Authority seek approval of the Plan from the
Governor for projects in an aggregate amount exceeding the
proceeds of bonds or notes for Strategic Capital Improvement
Projects issued under Section 4.04 of this Act.
    (d) The Governor may approve the Plan for which approval is
requested. The Governor's approval is limited to the amount of
the project cost stated in the Plan. The Governor shall not
approve the Plan in a calendar year if the Authority is unable
to make the certifications required under items (ii), (iii) and
(iv) of subsection (a). In no event shall the Governor approve
the Plan for projects in an aggregate amount exceeding the
proceeds of bonds or notes for Strategic Capital Improvement
Projects issued under Section 4.04 of this Act.
    (e) With respect to capital improvements, only those
capital improvements which are in a Plan approved by the
Governor shall be financed with the proceeds of bonds or notes
issued for Strategic Capital Improvement Projects.
    (f) Before the Authority or a Service Board obligates any
funds for a project for which the Authority or Service Board
intends to use the proceeds of bonds or notes for Strategic
Capital Improvement Projects, but which project is not included
in an approved Plan, the Authority must notify the Governor of
the intended obligation. No project costs incurred prior to
approval of the Plan including that project may be paid from
the proceeds of bonds or notes for Strategic Capital
Improvement Projects issued under Section 4.04 of this Act.
(Source: P.A. 94-839, eff. 6-6-06.)
 
    (70 ILCS 3615/4.14)  (from Ch. 111 2/3, par. 704.14)
    Sec. 4.14. Rate Protection Contract. "Rate Protection
Contract" means interest rate price exchange agreements;
currency exchange agreements; forward payment conversion
agreements; contracts providing for payment or receipt of funds
based on levels of, or changes in, interest rates, currency
exchange rates, stock or other indices; contracts to exchange
cash flows or a series of payments; contracts, including
without limitation, interest rate caps; interest rate floor;
interest rate locks; interest rate collars; rate of return
guarantees or assurances, to manage payment, currency, rate,
spread or similar exposure; the obligation, right, or option to
issue, put, lend, sell, grant a security interest in, buy,
borrow or otherwise acquire, a bond, note or other security or
interest therein as an investment, as collateral, as a hedge,
or otherwise as a source or assurance of payment to or by the
Authority or as a reduction of the Authority's or an obligor's
risk exposure; repurchase agreements; securities lending
agreements; and other agreements or arrangements similar to the
foregoing.
    Notwithstanding any provision in Section 2.20 (a) (ii) of
this Act to the contrary, in connection with or incidental to
the issuance by the Authority of its bonds or notes under the
provisions of Section 4.04 or the exercise of its powers under
subsection (b) of Section 2.20, the Authority, for its own
benefit or for the benefit of the holders of its obligations or
their trustee, may enter into rate protection contracts. The
Authority may enter into rate protection contracts only
pursuant to a determination by a vote of 12 9 of the then
Directors that the terms of the contracts and any related
agreements reduce the risk of loss to the Authority, or
protect, preserve or enhance the value of its assets, or
provide compensation to the Authority for losses resulting from
changes in interest rates. The Authority's obligations under
any rate protection contract or credit enhancement or liquidity
agreement shall not be considered bonds or notes for purposes
of this Act. For purposes of this Section a rate protection
contract is a contract determined by the Authority as necessary
or appropriate to permit it to manage payment, currency or
interest rate risks or levels.
(Source: P.A. 87-764.)
 
    (70 ILCS 3615/5.01)  (from Ch. 111 2/3, par. 705.01)
    Sec. 5.01. Hearings and Citizen Participation.
    (a) The Authority shall provide for and encourage
participation by the public in the development and review of
public transportation policy, and in the process by which major
decisions significantly affecting the provision of public
transportation are made. The Authority shall coordinate such
public participation processes with the Chicago Metropolitan
Agency for Planning to the extent practicable.
    (b) The Authority shall hold such public hearings as may be
required by this Act or as the Authority may deem appropriate
to the performance of any of its functions. The Authority shall
coordinate such public hearings with the Chicago Metropolitan
Agency for Planning to the extent practicable.
    (c) Unless such items are specifically provided for either
in the Five-Year Capital Program or in the annual budget
program which has been the subject of public hearings as
provided in Sections 2.01 or 4.01 of this Act, the Board shall
hold public hearings at which citizens may be heard prior to:
    (i) the construction or acquisition of any public
transportation facility, the aggregate cost of which exceeds $5
million; and
    (ii) the extension of, or major addition to services
provided by the Authority or by any transportation agency
pursuant to a purchase of service agreement with the Authority.
    (d) Unless such items are specifically provided for in the
annual budget and program which has been the subject of public
hearing, as provided in Section 4.01 of this Act, the Board
shall hold public hearings at which citizens may be heard prior
to the providing for or allowing, by means of any purchase of
service agreement or any grant pursuant to Section 2.02 of this
Act, any general increase or series of increases in fares or
charges for public transportation, whether by the Authority or
by any transportation agency, which increase or series of
increases within any twelve months affects more than 25% of the
consumers of service of the Authority or of the transportation
agency; or so providing for or allowing any discontinuance of
any public transportation route, or major portion thereof,
which has been in service for more than a year.
    (e) At least twenty days prior notice of any public
hearing, as required in this Section, shall be given by public
advertisement in a newspaper of general circulation in the
metropolitan region.
    (f) The Authority may designate one or more Directors or
may appoint one or more hearing officers to preside over any
hearing pursuant to this Act. The Authority shall have the
power in connection with any such hearing to issue subpoenas to
require the attendance of witnesses and the production of
documents, and the Authority may apply to any circuit court in
the State to require compliance with such subpoenas.
    (g) The Authority may require any Service Board to hold one
or more public hearings with respect to any item described in
paragraphs (c) and (d) of this Section 5.01, notwithstanding
whether such item has been the subject of a public hearing
under this Section 5.01 or Section 2.01 or 4.01 of this Act.
(Source: P.A. 78-3rd S.S.-5.)
 
    (70 ILCS 3615/2.12a rep.)
    (70 ILCS 3615/3.09 rep.)
    (70 ILCS 3615/3.10 rep.)
    Section 25. The Regional Transportation Authority Act is
amended by repealing Sections 2.12a, 3.09, and 3.10.
 
    Section 97. Severability. The provisions of this Act are
severable under Section 1.31 of the Statute on Statutes.
 
    Section 99. Effective date. This Act takes effect upon
becoming law.