Sen. John J. Cullerton
Filed: 5/6/2010
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1 | AMENDMENT TO HOUSE BILL 4976
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2 | AMENDMENT NO. ______. Amend House Bill 4976, AS AMENDED, | ||||||
3 | with reference to page and line numbers of Senate Amendment No. | ||||||
4 | 2, on page 1, line 10, after "Authority", by inserting " and | ||||||
5 | Rosemont "; and
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6 | on page 2, line 11, by replacing " $20,000,000 " with | ||||||
7 | " $15,000,000 "; and | ||||||
8 | on page 2, line 12, by replacing " $10,000,000 " with | ||||||
9 | " $5,000,000 "; and | ||||||
10 | on page 2, by inserting immediately below line 26 the | ||||||
11 | following: | ||||||
12 | " In addition to the incentive grants to the Metropolitan | ||||||
13 | Pier and Exposition Authority, the Department shall make an | ||||||
14 | annual incentive grant of $5,000,000 to the Village of | ||||||
15 | Rosemont, to be used by the Village for the Donald E. Stephens |
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1 | Convention Center to retain and attract conventions, meetings, | ||||||
2 | or trade shows with registered attendance in excess of 5,000 | ||||||
3 | individuals that otherwise would not have used the | ||||||
4 | facilities. "; and | ||||||
5 | on page 121, line 8, by replacing " 25.4 25.1 " with "25.1"; and | ||||||
6 | on page 123, line 3, by replacing " $20,000,000 " with | ||||||
7 | " $15,000,000 "; and | ||||||
8 | on page 123, line 4, by replacing " $10,000,000 " with | ||||||
9 | " $5,000,000 "; and | ||||||
10 | on page 166, by replacing lines 19 through 23 with the | ||||||
11 | following: | ||||||
12 | "exceed $2,557,000,000 $2,107,000,000 for the purposes
of
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13 | carrying out and
performing its duties and exercising its | ||||||
14 | powers under this Act.
The increased debt authorization | ||||||
15 | provided by this amendatory Act of the 96th General Assembly | ||||||
16 | shall be used solely for the purpose of hotel construction and | ||||||
17 | related necessary capital improvements and other needed | ||||||
18 | capital improvements to existing facilities. No bonds issued to | ||||||
19 | refund or advance"; and | ||||||
20 | by replacing line 26 of page 184 and lines 1 and 2 of page 185 | ||||||
21 | with the following: |
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1 | " professionals possessing a high degree of skill and (ii) | ||||||
2 | contracts or bond purchase ".
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