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91_HB4582enr
HB4582 Enrolled LRB9112939REdv
1 AN ACT to amend the Build Illinois Bond Act by changing
2 Sections 2 and 4.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Build Illinois Bond Act is amended by
6 changing Sections 2 and 4 as follows:
7 (30 ILCS 425/2) (from Ch. 127, par. 2802)
8 Sec. 2. Authorization for Bonds. The State of Illinois
9 is authorized to issue, sell and provide for the retirement
10 of limited obligation bonds, notes and other evidences of
11 indebtedness of the State of Illinois in the total principal
12 amount of $2,851,970,000 $2,790,970,000 herein called
13 "Bonds". Such authorized amount of Bonds shall be reduced
14 from time to time by amounts, if any, which are equal to the
15 moneys received by the Department of Revenue in any fiscal
16 year pursuant to Section 3-1001 of the "Illinois Vehicle
17 Code", as amended, in excess of the Annual Specified Amount
18 (as defined in Section 3 of the "Retailers' Occupation Tax
19 Act", as amended) and transferred at the end of such fiscal
20 year from the General Revenue Fund to the Build Illinois
21 Purposes Fund as provided in Section 3-1001 of said Code;
22 provided, however, that no such reduction shall affect the
23 validity or enforceability of any Bonds issued prior to such
24 reduction. Such amount of authorized Bonds shall be
25 exclusive of any refunding Bonds issued pursuant to Section
26 15 of this Act and exclusive of any Bonds issued pursuant to
27 this Section which are redeemed, purchased, advance refunded,
28 or defeased in accordance with paragraph (f) of Section 4 of
29 this Act. Bonds shall be issued for the categories and
30 specific purposes expressed in Section 4 of this Act.
31 (Source: P.A. 91-39, eff. 6-15-99; 91-53, eff. 6-30-99.)
HB4582 Enrolled -2- LRB9112939REdv
1 (30 ILCS 425/4) (from Ch. 127, par. 2804)
2 Sec. 4. Purposes of Bonds. Bonds shall be issued for the
3 following purposes and in the approximate amounts as set
4 forth below:
5 (a) $2,029,889,000 $2,069,889,000 for the expenses of
6 issuance and sale of Bonds, including bond discounts, and for
7 planning, engineering, acquisition, construction,
8 reconstruction, development, improvement and extension of the
9 public infrastructure in the State of Illinois, including:
10 the making of loans or grants to local governments for waste
11 disposal systems, water and sewer line extensions and water
12 distribution and purification facilities, rail or air or
13 water port improvements, gas and electric utility extensions,
14 publicly owned industrial and commercial sites, buildings
15 used for public administration purposes and other public
16 infrastructure capital improvements; the making of loans or
17 grants to units of local government for financing and
18 construction of wastewater facilities; refinancing or
19 retiring bonds issued between January 1, 1987 and January 1,
20 1990 by home rule municipalities, debt service on which is
21 provided from a tax imposed by home rule municipalities prior
22 to January 1, 1990 on the sale of food and drugs pursuant to
23 Section 8-11-1 of the Home Rule Municipal Retailers'
24 Occupation Tax Act or Section 8-11-5 of the Home Rule
25 Municipal Service Occupation Tax Act; the making of deposits
26 not to exceed $70,000,000 in the aggregate into the Water
27 Pollution Control Revolving Fund to provide assistance in
28 accordance with the provisions of Title IV-A of the
29 Environmental Protection Act; the planning, engineering,
30 acquisition, construction, reconstruction, alteration,
31 expansion, extension and improvement of highways, bridges,
32 structures separating highways and railroads, rest areas,
33 interchanges, access roads to and from any State or local
34 highway and other transportation improvement projects which
HB4582 Enrolled -3- LRB9112939REdv
1 are related to economic development activities; the making of
2 loans or grants for planning, engineering, rehabilitation,
3 improvement or construction of rail and transit facilities;
4 the planning, engineering, acquisition, construction,
5 reconstruction and improvement of watershed, drainage, flood
6 control, recreation and related improvements and facilities,
7 including expenses related to land and easement acquisition,
8 relocation, control structures, channel work and clearing and
9 appurtenant work; the making of grants for improvement and
10 development of zoos and park district field houses and
11 related structures; and the making of grants for improvement
12 and development of Navy Pier and related structures.
13 (b) $114,301,500 $71,301,500 for fostering economic
14 development and increased employment and the well being of
15 the citizens of Illinois, including: the making of grants for
16 improvement and development of McCormick Place and related
17 structures; the planning and construction of a
18 microelectronics research center, including the planning,
19 engineering, construction, improvement, renovation and
20 acquisition of buildings, equipment and related utility
21 support systems; the making of loans to businesses and
22 investments in small businesses; acquiring real properties
23 for industrial or commercial site development; acquiring,
24 rehabilitating and reconveying industrial and commercial
25 properties for the purpose of expanding employment and
26 encouraging private and other public sector investment in the
27 economy of Illinois; the payment of expenses associated with
28 siting the Superconducting Super Collider Particle
29 Accelerator in Illinois and with its acquisition,
30 construction, maintenance, operation, promotion and support;
31 the making of loans for the planning, engineering,
32 acquisition, construction, improvement and conversion of
33 facilities and equipment which will foster the use of
34 Illinois coal; the payment of expenses associated with the
HB4582 Enrolled -4- LRB9112939REdv
1 promotion, establishment, acquisition and operation of small
2 business incubator facilities and agribusiness research
3 facilities, including the lease, purchase, renovation,
4 planning, engineering, construction and maintenance of
5 buildings, utility support systems and equipment designated
6 for such purposes and the establishment and maintenance of
7 centralized support services within such facilities; and the
8 making of grants or loans to units of local government for
9 Urban Development Action Grant and Housing Partnership
10 programs.
11 (c) $559,128,600 $521,128,600 for the development and
12 improvement of educational, scientific, technical and
13 vocational programs and facilities and the expansion of
14 health and human services for all citizens of Illinois,
15 including: the making of construction and improvement grants
16 and loans to public libraries and library systems; the making
17 of grants and loans for planning, engineering, acquisition
18 and construction of a new State central library in
19 Springfield; the planning, engineering, acquisition and
20 construction of an animal and dairy sciences facility; the
21 planning, engineering, acquisition and construction of a
22 campus and all related buildings, facilities, equipment and
23 materials for Richland Community College; the acquisition,
24 rehabilitation and installation of equipment and materials
25 for scientific and historical surveys; the making of grants
26 or loans for distribution to eligible vocational education
27 instructional programs for the upgrading of vocational
28 education programs, school shops and laboratories, including
29 the acquisition, rehabilitation and installation of technical
30 equipment and materials; the making of grants or loans for
31 distribution to eligible local educational agencies for the
32 upgrading of math and science instructional programs,
33 including the acquisition of instructional equipment and
34 materials; miscellaneous capital improvements for
HB4582 Enrolled -5- LRB9112939REdv
1 universities and community colleges including the planning,
2 engineering, construction, reconstruction, remodeling,
3 improvement, repair and installation of capital facilities
4 and costs of planning, supplies, equipment, materials,
5 services, and all other required expenses; the making of
6 grants or loans for repair, renovation and miscellaneous
7 capital improvements for privately operated colleges and
8 universities and community colleges, including the planning,
9 engineering, acquisition, construction, reconstruction,
10 remodeling, improvement, repair and installation of capital
11 facilities and costs of planning, supplies, equipment,
12 materials, services, and all other required expenses; and the
13 making of grants or loans for distribution to local
14 governments for hospital and other health care facilities
15 including the planning, engineering, acquisition,
16 construction, reconstruction, remodeling, improvement, repair
17 and installation of capital facilities and costs of planning,
18 supplies, equipment, materials, services and all other
19 required expenses.
20 (d) $148,650,900 $128,650,900 for protection,
21 preservation, restoration and conservation of environmental
22 and natural resources, including: the making of grants to
23 soil and water conservation districts for the planning and
24 implementation of conservation practices and for funding
25 contracts with the Soil Conservation Service for watershed
26 planning; the making of grants to units of local government
27 for the capital development and improvement of recreation
28 areas, including planning and engineering costs, sewer
29 projects, including planning and engineering costs and water
30 projects, including planning and engineering costs, and for
31 the acquisition of open space lands, including the
32 acquisition of easements and other property interests of less
33 than fee simple ownership; the acquisition and related costs
34 and development and management of natural heritage lands,
HB4582 Enrolled -6- LRB9112939REdv
1 including natural areas and areas providing habitat for
2 endangered species and nongame wildlife, and buffer area
3 lands; the acquisition and related costs and development and
4 management of habitat lands, including forest, wildlife
5 habitat and wetlands; and the removal and disposition of
6 hazardous substances, including the cost of project
7 management, equipment, laboratory analysis, and contractual
8 services necessary for preventative and corrective actions
9 related to the preservation, restoration and conservation of
10 the environment, including deposits not to exceed $60,000,000
11 in the aggregate into the Hazardous Waste Fund and the
12 Brownfields Redevelopment Fund for improvements in accordance
13 with the provisions of Titles V and XVII of the Environmental
14 Protection Act.
15 (e) The amount specified in paragraph (a) above shall
16 include an amount necessary to pay reasonable expenses of
17 each issuance and sale of the Bonds, as specified in the
18 related Bond Sale Order (hereinafter defined).
19 (f) Any unexpended proceeds from any sale of Bonds which
20 are held in the Build Illinois Bond Fund may be used to
21 redeem, purchase, advance refund, or defease any Bonds
22 outstanding.
23 (Source: P.A. 91-39, eff. 6-15-99; 91-53, eff. 6-30-99.)
24 Section 99. Effective date. This Act takes effect upon
25 becoming law.
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