Full Text of SB0002 95th General Assembly
SB0002sam003 95TH GENERAL ASSEMBLY
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Sen. Donne E. Trotter
Filed: 7/26/2007
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LRB095 04980 RCE 38264 a |
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| AMENDMENT TO SENATE BILL 2
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| AMENDMENT NO. ______. Amend Senate Bill 2 by replacing | 3 |
| everything after the enacting clause with the following:
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| "Section 5. The General Obligation Bond Act is amended by | 5 |
| changing Sections 2, 3, 4, and 5 as follows:
| 6 |
| (30 ILCS 330/2) (from Ch. 127, par. 652)
| 7 |
| Sec. 2. Authorization for Bonds. The State of Illinois is | 8 |
| authorized to
issue, sell and provide for the retirement of | 9 |
| General Obligation Bonds of
the State of Illinois for the | 10 |
| categories and specific purposes expressed in
Sections 2 | 11 |
| through 8 of this Act, in the total amount of $34,348,149,369
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| $27,658,149,369 .
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| The bonds authorized in this Section 2 and in Section 16 of | 14 |
| this Act are
herein called "Bonds".
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| Of the total amount of Bonds authorized in this Act, up to | 16 |
| $2,200,000,000
in aggregate original principal amount may be |
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| issued and sold in accordance
with the Baccalaureate Savings | 2 |
| Act in the form of General Obligation
College Savings Bonds.
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| Of the total amount of Bonds authorized in this Act, up to | 4 |
| $300,000,000 in
aggregate original principal amount may be | 5 |
| issued and sold in accordance
with the Retirement Savings Act | 6 |
| in the form of General Obligation
Retirement Savings Bonds.
| 7 |
| Of the total amount of Bonds authorized in this Act, the | 8 |
| additional
$10,000,000,000 authorized by this amendatory Act | 9 |
| of the 93rd General
Assembly shall be used solely as provided | 10 |
| in Section 7.2.
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| The issuance and sale of Bonds pursuant to the General | 12 |
| Obligation Bond
Act is an economical and efficient method of | 13 |
| financing the long-term capital needs of
the State. This Act | 14 |
| will permit the issuance of a multi-purpose General
Obligation | 15 |
| Bond with uniform terms and features. This will not only lower
| 16 |
| the cost of registration but also reduce the overall cost of | 17 |
| issuing debt
by improving the marketability of Illinois General | 18 |
| Obligation Bonds.
| 19 |
| (Source: P.A. 92-13, eff. 6-22-01; 92-596, eff. 6-28-02; | 20 |
| 92-598, eff. 6-28-02; 93-2, eff. 4-7-03; 93-839, eff. 7-30-04.)
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| (30 ILCS 330/3) (from Ch. 127, par. 653)
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| Sec. 3. Capital Facilities. The amount of $7,510,235,369
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| $7,320,235,369 is authorized
to be used for the acquisition, | 24 |
| development, construction, reconstruction,
improvement, | 25 |
| financing, architectural planning and installation of capital
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| facilities within the State, consisting of buildings, | 2 |
| structures, durable
equipment, land, and interests in land for | 3 |
| the following specific purposes:
| 4 |
| (a) $2,261,228,000
$2,211,228,000 for educational | 5 |
| purposes by
State universities and
colleges, the Illinois | 6 |
| Community College Board created by the Public
Community | 7 |
| College Act and for grants to public community colleges as
| 8 |
| authorized by Sections 5-11 and 5-12 of the Public | 9 |
| Community College Act;
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| (b) $1,607,420,000 for correctional purposes at
State
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| prison and correctional centers;
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| (c) $531,175,000 for open spaces, recreational and
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| conservation purposes and the protection of land;
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| (d) $589,917,000 for child care facilities, mental
and | 15 |
| public health facilities, and facilities for the care of | 16 |
| disabled
veterans and their spouses;
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| (e) $1,570,990,000
$1,455,990,000 for use by the | 18 |
| State, its
departments, authorities, public corporations, | 19 |
| commissions and agencies;
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| (f) $818,100 for cargo handling facilities at port | 21 |
| districts and for
breakwaters, including harbor entrances, | 22 |
| at port districts in conjunction
with facilities for small | 23 |
| boats and pleasure crafts;
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| (g) $229,657,000
$204,657,000 for water resource | 25 |
| management
projects;
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| (h) $16,940,269 for the provision of facilities for |
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| food production
research and related instructional and | 2 |
| public service activities at the
State universities and | 3 |
| public community colleges;
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| (i) $36,000,000 for grants by the Secretary of State, | 5 |
| as
State
Librarian, for central library facilities | 6 |
| authorized by Section 8
of the Illinois Library System Act | 7 |
| and for grants by the Capital
Development Board to units of | 8 |
| local government for public library
facilities;
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| (j) $25,000,000 for the acquisition, development, | 10 |
| construction,
reconstruction, improvement, financing, | 11 |
| architectural planning and
installation of capital | 12 |
| facilities consisting of buildings, structures,
durable | 13 |
| equipment and land for grants to counties, municipalities | 14 |
| or public
building commissions with correctional | 15 |
| facilities that do not comply with
the minimum standards of | 16 |
| the Department of Corrections under Section 3-15-2
of the | 17 |
| Unified Code of Corrections;
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| (k) $5,000,000 for grants in fiscal year 1988 by the | 19 |
| Department of
Conservation for improvement or expansion of | 20 |
| aquarium facilities located on
property owned by a park | 21 |
| district;
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| (l) $432,590,000 to State agencies for grants to
local | 23 |
| governments for
the acquisition, financing, architectural | 24 |
| planning, development, alteration,
installation, and | 25 |
| construction of capital facilities consisting of | 26 |
| buildings,
structures, durable equipment, and land; and
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| (m) $203,500,000 for the Illinois Open Land Trust
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| Program
as defined by the
Illinois Open Land Trust Act.
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| The amounts authorized above for capital facilities may be | 4 |
| used
for the acquisition, installation, alteration, | 5 |
| construction, or
reconstruction of capital facilities and for | 6 |
| the purchase of equipment
for the purpose of major capital | 7 |
| improvements which will reduce energy
consumption in State | 8 |
| buildings or facilities.
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| (Source: P.A. 91-39, 6-15-99; 91-53, eff. 6-30-99; 91-710, eff. | 10 |
| 5-17-00;
92-13, eff. 6-22-01; 92-598, eff. 6-28-02.)
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| (30 ILCS 330/4) (from Ch. 127, par. 654)
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| Sec. 4. Transportation. The amount of $9,313,399,000
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| $5,313,399,000
is authorized for use by the Department of | 14 |
| Transportation for the specific
purpose of promoting and | 15 |
| assuring rapid, efficient, and safe highway, air and
mass | 16 |
| transportation for the inhabitants of the State by providing | 17 |
| monies,
including the making of grants and loans, for the | 18 |
| acquisition, construction,
reconstruction, extension and | 19 |
| improvement of the following transportation
facilities and | 20 |
| equipment, and for the acquisition of real property and
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| interests in real property required or expected to be required | 22 |
| in connection
therewith as follows:
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| (a) $6,232,129,000
$3,432,129,000 for State highways, | 24 |
| arterial
highways, freeways,
roads, bridges, structures | 25 |
| separating highways and railroads and roads, and
bridges on |
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| roads maintained by counties, municipalities, townships or | 2 |
| road
districts for the following specific purposes:
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| (1) $6,130,000,000
$3,330,000,000 for use statewide,
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| (2) $3,677,000 for use outside the Chicago urbanized
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| area,
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| (3) $7,543,000 for use within the Chicago urbanized | 7 |
| area,
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| (4) $13,060,600 for use within the City of Chicago,
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| (5) $58,987,500 for use within the counties of Cook,
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| DuPage, Kane, Lake, McHenry and Will, and
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| (6) $18,860,900 for use outside the counties of Cook, | 12 |
| DuPage, Kane,
Lake, McHenry and Will.
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| (b) $2,729,670,000
$1,529,670,000 for rail facilities and | 14 |
| for
mass transit facilities, as defined in Section 2705-305 of | 15 |
| the Department of
Transportation Law (20 ILCS 2705/2705-305), | 16 |
| including rapid transit, rail, bus
and other equipment used in | 17 |
| connection therewith by the State or any unit of
local | 18 |
| government, special transportation district, municipal | 19 |
| corporation or
other corporation or public authority | 20 |
| authorized to provide and promote public
transportation within | 21 |
| the State or two or more of the foregoing jointly, for
the | 22 |
| following specific purposes:
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| (1) $2,633,870,000
$1,433,870,000 statewide,
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| (2) $83,350,000 for use within the counties of Cook,
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| DuPage, Kane, Lake, McHenry and Will,
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| (3) $12,450,000 for use outside the counties of Cook,
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| DuPage, Kane, Lake, McHenry and Will.
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| (c) $351,600,000 for airport or aviation facilities and any | 3 |
| equipment used
in connection therewith, including engineering | 4 |
| and land acquisition costs,
by the State or any unit of local | 5 |
| government, special transportation district,
municipal | 6 |
| corporation or other corporation or public authority | 7 |
| authorized
to provide public transportation within the State, | 8 |
| or two or more of the
foregoing acting jointly, and for the | 9 |
| making of deposits into the Airport
Land Loan Revolving Fund | 10 |
| for loans to public airport owners pursuant to the
Illinois | 11 |
| Aeronautics Act.
| 12 |
| (Source: P.A. 91-39, eff. 6-15-99; 91-239, eff. 1-1-00; 91-712, | 13 |
| eff. 7-1-00;
92-13, eff. 6-22-01.)
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| (30 ILCS 330/5) (from Ch. 127, par. 655)
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| Sec. 5. School Construction.
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| (a) The amount of $58,450,000 is authorized to
make grants | 17 |
| to local school
districts for the acquisition, development, | 18 |
| construction, reconstruction,
rehabilitation, improvement, | 19 |
| financing, architectural planning and
installation of capital | 20 |
| facilities, including but not limited to those
required for | 21 |
| special
education building projects provided for in Article 14 | 22 |
| of The School Code,
consisting of buildings, structures, and | 23 |
| durable equipment, and for the
acquisition and improvement of | 24 |
| real property and interests in real property
required, or | 25 |
| expected to be required, in connection therewith.
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| (b) $22,550,000, or so much thereof as may be necessary, | 2 |
| for grants to
school districts for the making of principal and | 3 |
| interest payments, required
to be made, on bonds issued by such | 4 |
| school districts after January 1, 1969,
pursuant to any | 5 |
| indenture, ordinance, resolution, agreement or contract
to | 6 |
| provide funds for the acquisition, development, construction,
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| reconstruction, rehabilitation, improvement, architectural | 8 |
| planning and installation of
capital facilities consisting of | 9 |
| buildings, structures, durable equipment
and land for | 10 |
| educational purposes or for lease payments required to be made
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| by a school district for principal and interest payments on | 12 |
| bonds issued
by a Public Building Commission after January 1, | 13 |
| 1969.
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| (c) $10,000,000 for grants to school districts for the | 15 |
| acquisition,
development, construction, reconstruction, | 16 |
| rehabilitation, improvement,
architectural
planning and | 17 |
| installation of capital facilities consisting of buildings
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| structures, durable equipment and land for special education | 19 |
| building projects.
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| (d) $9,000,000 for grants to school districts for the | 21 |
| reconstruction,
rehabilitation, improvement, financing and | 22 |
| architectural planning of capital
facilities, including | 23 |
| construction at another location to replace such capital
| 24 |
| facilities, consisting of those public school buildings and | 25 |
| temporary school
facilities which, prior to January 1, 1984, | 26 |
| were condemned by the regional
superintendent under Section |
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| 3-14.22 of The School Code or by any State
official having | 2 |
| jurisdiction over building safety.
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| (e) $5,550,000,000
$3,050,000,000 for grants to school | 4 |
| districts for
school improvement
projects authorized by the | 5 |
| School Construction Law. The bonds shall be sold in
amounts not | 6 |
| to exceed the following schedule, except any bonds not sold | 7 |
| during
one year shall be added to the bonds to be sold during | 8 |
| the remainder of the
schedule:
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| First year ..................................$200,000,000
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| Second year .................................$450,000,000
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| Third year ..................................$500,000,000
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| Fourth year .................................$500,000,000
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| Fifth year ..................................$800,000,000
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| Sixth year and thereafter ...................$600,000,000
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| Seventh year ................................$250,000,000
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| Eighth year .................................$625,000,000
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| Ninth year ..................................$625,000,000
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| Tenth year ..................................$625,000,000
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| Eleventh year and thereafter ................$375,000,000
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| (Source: P.A. 91-39, eff. 6-15-99; 92-598, eff. 6-28-02.)
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| Section 10. The Build Illinois Bond Act is amended by | 22 |
| changing Sections 2 and 4 as follows:
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| (30 ILCS 425/2) (from Ch. 127, par. 2802)
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| Sec. 2. Authorization for Bonds. The State of Illinois is
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| authorized to issue, sell and provide for the retirement of | 2 |
| limited
obligation bonds, notes and other evidences of | 3 |
| indebtedness of the State of
Illinois in the total principal | 4 |
| amount of $4,615,509,000
$3,805,509,000
herein called "Bonds". | 5 |
| Such authorized amount of Bonds shall
be reduced from time to | 6 |
| time by amounts, if any, which are equal to the
moneys received | 7 |
| by the Department of Revenue in any fiscal year pursuant to
| 8 |
| Section 3-1001 of the "Illinois Vehicle Code", as amended, in | 9 |
| excess of the
Annual Specified Amount (as defined in Section 3 | 10 |
| of the "Retailers'
Occupation Tax Act", as amended) and | 11 |
| transferred at the end of such fiscal
year from the General | 12 |
| Revenue Fund to the Build Illinois Purposes Fund (now | 13 |
| abolished) as
provided in Section 3-1001 of said Code; | 14 |
| provided, however, that no such
reduction shall affect the | 15 |
| validity or enforceability of any Bonds issued
prior to such | 16 |
| reduction. Such amount of authorized Bonds
shall be exclusive | 17 |
| of any refunding Bonds issued pursuant to Section 15 of
this | 18 |
| Act and exclusive of any Bonds issued pursuant to this Section | 19 |
| which
are redeemed, purchased, advance refunded, or defeased in | 20 |
| accordance with
paragraph (f) of Section 4 of this Act. Bonds | 21 |
| shall be issued for the
categories and specific purposes | 22 |
| expressed in Section 4 of this Act.
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| (Source: P.A. 94-91, eff. 7-1-05.)
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| (30 ILCS 425/4) (from Ch. 127, par. 2804)
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| Sec. 4. Purposes of Bonds. Bonds shall be issued for the |
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| following
purposes and in the approximate amounts as set forth | 2 |
| below:
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| (a) $2,577,000,000
$2,417,000,000 for the expenses of | 4 |
| issuance and
sale of Bonds, including bond discounts, and for | 5 |
| planning, engineering,
acquisition, construction, | 6 |
| reconstruction, development, improvement and
extension of the | 7 |
| public infrastructure in the State of Illinois, including: the
| 8 |
| making of loans or grants to local governments for waste | 9 |
| disposal systems,
water and sewer line extensions and water | 10 |
| distribution and purification
facilities, rail or air or water | 11 |
| port improvements, gas and electric utility
extensions, | 12 |
| publicly owned industrial and commercial sites, buildings
used | 13 |
| for public administration purposes and other public | 14 |
| infrastructure capital
improvements; the making of loans or | 15 |
| grants to units of local government
for financing and | 16 |
| construction of wastewater facilities; refinancing or
retiring | 17 |
| bonds issued between January 1, 1987 and January 1,
1990 by | 18 |
| home rule municipalities, debt service on which is provided | 19 |
| from a
tax imposed by home rule municipalities prior to January | 20 |
| 1, 1990 on the
sale of food and drugs pursuant to Section | 21 |
| 8-11-1 of the Home Rule
Municipal Retailers' Occupation Tax Act | 22 |
| or Section 8-11-5 of the Home
Rule Municipal Service Occupation | 23 |
| Tax Act; the making of deposits not
to exceed $70,000,000 in | 24 |
| the aggregate into
the Water Pollution Control Revolving Fund | 25 |
| to provide assistance in
accordance with the provisions of | 26 |
| Title IV-A of the Environmental
Protection Act; the planning, |
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| engineering, acquisition,
construction, reconstruction, | 2 |
| alteration, expansion, extension and
improvement of highways, | 3 |
| bridges, structures separating highways and
railroads, rest | 4 |
| areas, interchanges, access
roads to and from any State or | 5 |
| local highway and other transportation
improvement projects | 6 |
| which are related to
economic development activities; the | 7 |
| making of loans or grants for
planning, engineering, | 8 |
| rehabilitation, improvement or construction of rail
and | 9 |
| transit facilities; the planning, engineering, acquisition,
| 10 |
| construction, reconstruction and improvement of watershed, | 11 |
| drainage, flood
control, recreation and related improvements | 12 |
| and facilities, including
expenses related to land and easement | 13 |
| acquisition, relocation, control
structures, channel work and | 14 |
| clearing and appurtenant work; the making of
grants for | 15 |
| improvement and development of zoos and park district field
| 16 |
| houses and related structures; and the making of grants for | 17 |
| improvement and
development of Navy Pier and related | 18 |
| structures.
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| (b) $361,000,000
$186,000,000 for fostering economic | 20 |
| development and
increased employment and the well being of the | 21 |
| citizens of Illinois, including:
the making of grants for | 22 |
| improvement and development of McCormick Place and
related | 23 |
| structures; the
planning and construction of a | 24 |
| microelectronics research center, including
the planning, | 25 |
| engineering, construction, improvement, renovation and
| 26 |
| acquisition of buildings, equipment and related utility |
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| support systems;
the making of loans to businesses and | 2 |
| investments in small businesses;
acquiring real properties for | 3 |
| industrial or commercial site development;
acquiring, | 4 |
| rehabilitating and reconveying industrial and commercial
| 5 |
| properties for the purpose of expanding employment and | 6 |
| encouraging private
and other public sector investment in the | 7 |
| economy of Illinois; the payment
of expenses associated with | 8 |
| siting the Superconducting Super Collider Particle
Accelerator | 9 |
| in Illinois and with its acquisition, construction,
| 10 |
| maintenance, operation, promotion and support; the making of | 11 |
| loans for the
planning, engineering, acquisition, | 12 |
| construction, improvement and
conversion of facilities and | 13 |
| equipment which will foster the use of
Illinois coal; the | 14 |
| payment of expenses associated with the
promotion, | 15 |
| establishment, acquisition and operation of small business
| 16 |
| incubator facilities and agribusiness research facilities, | 17 |
| including the lease,
purchase, renovation, planning, | 18 |
| engineering, construction and maintenance of
buildings, | 19 |
| utility support systems and equipment designated for such
| 20 |
| purposes and the establishment and maintenance of centralized | 21 |
| support
services within such facilities; and the making of | 22 |
| grants or loans to
units of local government for Urban | 23 |
| Development Action Grant and Housing
Partnership programs.
| 24 |
| (c) $1,502,358,100
$1,052,358,100 for the development and
| 25 |
| improvement of educational,
scientific, technical and | 26 |
| vocational programs and facilities and the
expansion of health |
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| and human services for all citizens of Illinois,
including: the | 2 |
| making of construction and improvement grants and loans
to | 3 |
| public libraries
and library systems; the making of grants and | 4 |
| loans for planning,
engineering, acquisition and construction
| 5 |
| of a new State central library in Springfield; the planning, | 6 |
| engineering,
acquisition and construction of an animal and | 7 |
| dairy sciences facility; the
planning, engineering, | 8 |
| acquisition and construction of a campus and all
related | 9 |
| buildings, facilities, equipment and materials for Richland
| 10 |
| Community College; the acquisition, rehabilitation and | 11 |
| installation of
equipment and materials for scientific and | 12 |
| historical surveys; the making of
grants or loans for | 13 |
| distribution to eligible vocational education instructional
| 14 |
| programs for the upgrading of vocational education programs, | 15 |
| school shops
and laboratories, including the acquisition, | 16 |
| rehabilitation and
installation of technical equipment and | 17 |
| materials; the making of grants or
loans for distribution to | 18 |
| eligible local educational agencies for the
upgrading of math | 19 |
| and science instructional programs, including the
acquisition | 20 |
| of instructional equipment and materials; miscellaneous | 21 |
| capital
improvements for universities and community colleges | 22 |
| including the
planning, engineering,
construction, | 23 |
| reconstruction, remodeling, improvement, repair and
| 24 |
| installation of capital facilities and costs of planning, | 25 |
| supplies,
equipment, materials, services, and all other | 26 |
| required expenses; the
making of grants or loans for repair, |
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| renovation and miscellaneous capital
improvements for | 2 |
| privately operated colleges and universities and community
| 3 |
| colleges, including the planning, engineering, acquisition, | 4 |
| construction,
reconstruction, remodeling,
improvement, repair | 5 |
| and installation of capital facilities and costs of
planning, | 6 |
| supplies, equipment, materials, services, and all other | 7 |
| required
expenses; and the making of grants or loans for | 8 |
| distribution to local
governments for hospital and other health | 9 |
| care facilities including the
planning, engineering, | 10 |
| acquisition, construction, reconstruction,
remodeling, | 11 |
| improvement, repair and installation of capital facilities and
| 12 |
| costs of planning, supplies, equipment, materials, services | 13 |
| and all other
required expenses.
| 14 |
| (d) $175,150,900
$150,150,900 for protection, | 15 |
| preservation,
restoration and conservation of environmental | 16 |
| and natural resources,
including: the making of grants to soil | 17 |
| and water conservation districts
for the planning and | 18 |
| implementation of conservation practices and for
funding | 19 |
| contracts with the Soil Conservation Service for watershed
| 20 |
| planning; the making of grants to units of local government for | 21 |
| the
capital development and improvement of recreation areas, | 22 |
| including
planning and engineering costs, sewer projects, | 23 |
| including planning and
engineering costs and water projects, | 24 |
| including planning
and engineering costs, and for the | 25 |
| acquisition of open space lands,
including the acquisition of | 26 |
| easements and other property interests of less
than fee simple |
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| ownership; the acquisition and related costs and development
| 2 |
| and management of natural heritage lands, including natural | 3 |
| areas and areas
providing habitat for
endangered species and | 4 |
| nongame wildlife, and buffer area lands; the
acquisition and | 5 |
| related costs and development and management of
habitat lands, | 6 |
| including forest, wildlife habitat and wetlands;
and the | 7 |
| removal and disposition of hazardous substances, including the | 8 |
| cost of
project management, equipment, laboratory analysis, | 9 |
| and contractual services
necessary for preventative and | 10 |
| corrective actions related to the preservation,
restoration | 11 |
| and conservation of the environment, including deposits not to
| 12 |
| exceed $60,000,000 in the aggregate into the Hazardous Waste | 13 |
| Fund and the
Brownfields Redevelopment Fund for improvements in | 14 |
| accordance with the
provisions of Titles V and XVII of the | 15 |
| Environmental Protection Act.
| 16 |
| (e) The amount specified in paragraph (a) above
shall | 17 |
| include an amount necessary to pay reasonable expenses of each
| 18 |
| issuance and sale of the Bonds, as specified in the related | 19 |
| Bond Sale Order
(hereinafter defined).
| 20 |
| (f) Any unexpended proceeds from any sale of
Bonds which | 21 |
| are held in the Build Illinois Bond Fund may be used to redeem,
| 22 |
| purchase, advance refund, or defease any Bonds outstanding.
| 23 |
| (Source: P.A. 91-39, eff. 6-15-99; 91-53, eff. 6-30-99; 91-709, | 24 |
| eff.
5-17-00; 92-9, eff. 6-11-01; 92-598, eff. 6-28-02.)
| 25 |
| Section 99. Effective date. This Act takes effect upon |
|
|
|
09500SB0002sam003 |
- 17 - |
LRB095 04980 RCE 38264 a |
|
| 1 |
| becoming law.".
|
|