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90_HR0021
LRB9002480DNmb
1 HOUSE RESOLUTION
2 WHEREAS, The use of certificates of participation
3 prevents lawmakers from reviewing projects before the General
4 Assembly is requested to pay for them; and
5 WHEREAS, Certificates of participation are being used for
6 the lease-purchase of an office building in Chicago for the
7 Department of Public Aid; and
8 WHEREAS, $19,200,000 in certificates of participation are
9 being issued to cover the expenses of a building at 401 South
10 Clinton Street in Chicago; the State will make payments of
11 more than $2,400,000 per year for 20 years for a total of
12 nearly $49,000,000, after which the State will own the
13 building; and
14 WHEREAS, Other funding options that allow General
15 Assembly review should be used to finance the new building
16 for the Department of Public Aid; therefore be it
17 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
18 NINETIETH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that the
19 Auditor General is directed to conduct a management audit of
20 the decisions to issue certificates of participation for the
21 lease-purchase of the Chicago office building on behalf of
22 the Department of Public Aid; and be it further
23 RESOLVED, that the audit shall include, but need not be
24 limited to, the following:
25 (1) whether the State determined the financial
26 desirability of issuing the certificates before their
27 issuance and, if so, what factors were considered;
28 (2) whether availability of office space in the current
29 Chicago market was taken into consideration before making the
30 determination to issue the certificates; and
31 (3) whether State payments related to the certificates
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1 may be suspended and, if so, the State's rights and
2 responsibilities, including financial costs, for doing so;
3 and be it further
4 RESOLVED, That the Department of Central Management
5 Services, the Department of Public Aid, the Bureau of the
6 Budget, and any other State agency that may have information
7 relevant to this audit shall cooperate fully and promptly
8 with the Office of the Auditor General in the conduct of this
9 audit; and be it further
10 RESOLVED, That the Auditor General shall commence this
11 audit as soon as possible and report his findings and
12 recommendations upon completion of the audit in accordance
13 with the requirements of the Illinois State Auditing Act; and
14 be it further;
15 RESOLVED, that a suitable copy of this resolution be
16 delivered to the Auditor General, the Department of Public
17 Aid, the Department of Central Management Services, and the
18 Bureau of the Budget.