[ Back ] [ Bottom ]
90_HB0136
605 ILCS 10/23 from Ch. 121, par. 100-23
605 ILCS 10/24 from Ch. 121, par. 100-24
Amends the Toll Highway Act to require the Toll Highway
Authority to make an annual budget request to the General
Assembly, and provides that the Authority may make no
expenditures from the State Toll Highway Authority Fund until
the General Assembly makes appropriations from the Fund to
the Authority.
LRB9001068NTsb
LRB9001068NTsb
1 AN ACT to amend the Toll Highway Act by changing Sections
2 23 and 24.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Toll Highway Act is amended by changing
6 Sections 23 and 24 as follows:
7 (605 ILCS 10/23) (from Ch. 121, par. 100-23)
8 Sec. 23. Plans; budgets, audits. The Authority shall file
9 with the Governor, the Clerk of the House of Representatives,
10 the Secretary of the Senate, and the Illinois Economic and
11 Fiscal Commission, on or prior to March 15th of each year, a
12 written statement and report covering its activities for the
13 preceding calendar year. The Authority shall prepare an
14 annual capital plan which identifies capital projects by
15 location and details the project costs in correct dollar
16 amounts. The Authority shall also prepare and file a
17 ten-year capital plan that includes a listing of all capital
18 improvement projects contemplated during the ensuing ten-year
19 period. The first ten-year capital plan shall be filed in
20 1991 and thereafter on the anniversary of each ten-year
21 period.
22 Prior to the beginning of a fiscal year, the Authority
23 shall submit a comprehensive budget request for that fiscal
24 year to the General Assembly.
25 It shall also be the duty of the Auditor General of the
26 State of Illinois, annually to audit or cause to be audited
27 the books and records of the Authority and to file a
28 certified copy of the report of such audit with the Governor
29 and with the Legislative Audit Commission, which audit
30 reports, when so filed, shall be open to the public for
31 inspection.
-2- LRB9001068NTsb
1 (Source: P.A. 86-1164.)
2 (605 ILCS 10/24) (from Ch. 121, par. 100-24)
3 Sec. 24. State Toll Highway Authority Fund. Except as
4 otherwise provided in any bond resolution, the proceeds
5 derived from the sale of bonds, and all receipts and income
6 derived from tolls, licenses, gifts, donations, concessions,
7 fees, rentals, and all other revenues from whatever source
8 derived, shall, within three days after receipt thereof, be
9 paid to the Treasurer of the State of Illinois, and held by
10 him as a special fund known as the Illinois State Toll
11 Highway Authority Fund, except that the Authority may retain
12 portions of the Illinois State Toll Highway Authority Fund as
13 a locally maintained construction fund revolving account and
14 as a revenue fund revolving account, where authorized by a
15 bond resolution, and as locally maintained change funds,
16 where necessary for the operations of the Authority. The
17 State Treasurer shall be ex officio custodian of such special
18 fund, which fund shall be held, invested and disbursed for
19 the purposes provided herein upon the order of the Authority
20 and in accordance with provisions and covenants of any bond
21 resolution authorizing the issuance of bonds which have not
22 been paid or deemed paid. The interest accruing on said
23 special fund shall be computed and added to the principal
24 thereof every six months. In addition to the special audits
25 prescribed by this Act, the said fund shall also be subject
26 to audit in the same manner as is now, or may hereinafter be,
27 provided for the audit of State funds and accounts. The said
28 special fund shall be protected by a corporate surety bond,
29 executed by the Treasurer, with a surety authorized to do
30 business under the laws of the State of Illinois. The amount
31 of said bond shall be fixed by resolution of the Authority,
32 approved by the Governor, and may be increased or diminished
33 at any time. The premiums on said bond shall be payable from
-3- LRB9001068NTsb
1 the funds of the Authority. The bond shall be subject to the
2 approval of the Governor and Attorney General of the State of
3 Illinois, and, when so approved, shall be filed in the office
4 of the Secretary of State. The Authority may make no
5 expenditures from the State Toll Highway Authority Fund,
6 except expenditures for the payment of principal and accrued
7 interest on bonds issued by the Authority as they become due,
8 until the General Assembly makes appropriations from the Fund
9 to the Authority. Moneys in the Fund Said special fund shall
10 be considered always appropriated for the purposes of
11 disbursements, as provided in this Act, and shall be paid out
12 and disbursed only as provided herein, and shall not, at any
13 time be appropriated or diverted to any other use or purpose.
14 (Source: P.A. 83-1258.)
[ Top ]