SB0028ham004 96TH GENERAL ASSEMBLY

Rep. Michael J. Madigan

Filed: 5/6/2010

09600SB0028ham004 LRB096 03258 AMC 41420 a

AMENDMENT TO SENATE BILL 28

AMENDMENT NO. ______. Amend Senate Bill 28, AS AMENDED, with reference to page and line numbers of House Amendment No. 2, on page 1, line 10, after "Authority", by inserting "and Rosemont"; and

on page 2, line 11, by replacing "$20,000,000" with "$15,000,000"; and

on page 2, line 12, by replacing "$10,000,000" with "$5,000,000"; and

on page 2, by inserting immediately below line 26 the following:

"In addition to the incentive grants to the Metropolitan Pier and Exposition Authority, the Department shall make an annual incentive grant of $5,000,000 to the Village of Rosemont, to be used by the Village for the Donald E. Stephens Convention Center to retain and attract conventions, meetings, or trade shows with registered attendance in excess of 5,000 individuals that otherwise would not have used the facilities."; and

on page 121, line 8, by replacing "25.4 25.1" with "25.1"; and

on page 123, line 3, by replacing "$20,000,000" with "$15,000,000"; and

on page 123, line 4, by replacing "$10,000,000" with "$5,000,000"; and

on page 166, by replacing lines 19 through 23 with the following: "exceed $2,557,000,000 $2,107,000,000 for the purposes of carrying out and performing its duties and exercising its powers under this Act. The increased debt authorization provided by this amendatory Act of the 96th General Assembly shall be used solely for the purpose of hotel construction and related necessary capital improvements and other needed capital improvements to existing facilities. No bonds issued to refund or advance"; and

by replacing line 26 of page 184 and lines 1 and 2 of page 185 with the following: "professionals possessing a high degree of skill and (ii) contracts or bond purchase".