Full Text of SB3514 96th General Assembly
SB3514ham014 96TH GENERAL ASSEMBLY
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Rep. Barbara Flynn Currie
Filed: 5/24/2010
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| AMENDMENT TO SENATE BILL 3514
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| AMENDMENT NO. ______. Amend Senate Bill 3514, AS AMENDED, | 3 |
| by inserting Article 55 in its proper numeric sequence as | 4 |
| follows:
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| "ARTICLE 55. | 6 |
| Section 5. The General Obligation Bond Act is amended by | 7 |
| changing Sections 2, 3, 4, 6, and 7 as follows: | 8 |
| (30 ILCS 330/2) (from Ch. 127, par. 652) | 9 |
| Sec. 2. Authorization for Bonds. The State of Illinois is | 10 |
| authorized to
issue, sell and provide for the retirement of | 11 |
| General Obligation Bonds of
the State of Illinois for the | 12 |
| categories and specific purposes expressed in
Sections 2 | 13 |
| through 8 of this Act, in the total amount of $40,440,777,443 | 14 |
| $37,217,777,443 . | 15 |
| The bonds authorized in this Section 2 and in Section 16 of |
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| this Act are
herein called "Bonds". | 2 |
| Of the total amount of Bonds authorized in this Act, up to | 3 |
| $2,200,000,000
in aggregate original principal amount may be | 4 |
| issued and sold in accordance
with the Baccalaureate Savings | 5 |
| Act in the form of General Obligation
College Savings Bonds. | 6 |
| Of the total amount of Bonds authorized in this Act, up to | 7 |
| $300,000,000 in
aggregate original principal amount may be | 8 |
| issued and sold in accordance
with the Retirement Savings Act | 9 |
| in the form of General Obligation
Retirement Savings Bonds. | 10 |
| Of the total amount of Bonds authorized in this Act, the | 11 |
| additional
$10,000,000,000 authorized by Public Act 93-2 and | 12 |
| the $3,466,000,000 authorized by Public Act 96-43 shall be used | 13 |
| solely as provided in Section 7.2. | 14 |
| The issuance and sale of Bonds pursuant to the General | 15 |
| Obligation Bond
Act is an economical and efficient method of | 16 |
| financing the long-term capital needs of
the State. This Act | 17 |
| will permit the issuance of a multi-purpose General
Obligation | 18 |
| Bond with uniform terms and features. This will not only lower
| 19 |
| the cost of registration but also reduce the overall cost of | 20 |
| issuing debt
by improving the marketability of Illinois General | 21 |
| Obligation Bonds. | 22 |
| (Source: P.A. 95-1026, eff. 1-12-09; 96-5, eff. 4-3-09; 96-36, | 23 |
| eff. 7-13-09; 96-43, eff. 7-15-09; 96-885, eff. 3-11-10.) | 24 |
| (30 ILCS 330/3) (from Ch. 127, par. 653) | 25 |
| Sec. 3. Capital Facilities. The amount of $8,902,463,443 |
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| $7,968,463,443 is authorized
to be used for the acquisition, | 2 |
| development, construction, reconstruction,
improvement, | 3 |
| financing, architectural planning and installation of capital
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| facilities within the State, consisting of buildings, | 5 |
| structures, durable
equipment, land, interests in land, and the | 6 |
| costs associated with the purchase and implementation of | 7 |
| information technology, including but not limited to the | 8 |
| purchase of hardware and software, for the following specific | 9 |
| purposes: | 10 |
| (a) $3,007,228,000 $2,511,228,000 for educational | 11 |
| purposes by
State universities and
colleges, the Illinois | 12 |
| Community College Board created by the Public
Community | 13 |
| College Act and for grants to public community colleges as
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| authorized by Sections 5-11 and 5-12 of the Public | 15 |
| Community College Act; | 16 |
| (b) $1,648,420,000 $1,617,420,000 for correctional | 17 |
| purposes at
State
prison and correctional centers; | 18 |
| (c) $599,183,000 $575,183,000 for open spaces, | 19 |
| recreational and
conservation purposes and the protection | 20 |
| of land; | 21 |
| (d) $691,917,000 $664,917,000 for child care | 22 |
| facilities, mental
and public health facilities, and | 23 |
| facilities for the care of disabled
veterans and their | 24 |
| spouses; | 25 |
| (e) $1,777,990,000 $1,630,990,000 for use by the | 26 |
| State, its
departments, authorities, public corporations, |
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| commissions and agencies; | 2 |
| (f) $818,100 for cargo handling facilities at port | 3 |
| districts and for
breakwaters, including harbor entrances, | 4 |
| at port districts in conjunction
with facilities for small | 5 |
| boats and pleasure crafts; | 6 |
| (g) $274,877,074 $248,877,074 for water resource | 7 |
| management
projects; | 8 |
| (h) $16,940,269 for the provision of facilities for | 9 |
| food production
research and related instructional and | 10 |
| public service activities at the
State universities and | 11 |
| public community colleges; | 12 |
| (i) $36,000,000 for grants by the Secretary of State, | 13 |
| as
State
Librarian, for central library facilities | 14 |
| authorized by Section 8
of the Illinois Library System Act | 15 |
| and for grants by the Capital
Development Board to units of | 16 |
| local government for public library
facilities; | 17 |
| (j) $25,000,000 for the acquisition, development, | 18 |
| construction,
reconstruction, improvement, financing, | 19 |
| architectural planning and
installation of capital | 20 |
| facilities consisting of buildings, structures,
durable | 21 |
| equipment and land for grants to counties, municipalities | 22 |
| or public
building commissions with correctional | 23 |
| facilities that do not comply with
the minimum standards of | 24 |
| the Department of Corrections under Section 3-15-2
of the | 25 |
| Unified Code of Corrections; | 26 |
| (k) $5,000,000 for grants in fiscal year 1988 by the |
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| Department of
Conservation for improvement or expansion of | 2 |
| aquarium facilities located on
property owned by a park | 3 |
| district; | 4 |
| (l) $588,590,000 $432,590,000 to State agencies for | 5 |
| grants to
local governments for
the acquisition, | 6 |
| financing, architectural planning, development, | 7 |
| alteration,
installation, and construction of capital | 8 |
| facilities consisting of buildings,
structures, durable | 9 |
| equipment, and land; and | 10 |
| (m) $230,500,000 $203,500,000 for the Illinois Open | 11 |
| Land Trust
Program
as defined by the
Illinois Open Land | 12 |
| Trust Act. | 13 |
| The amounts authorized above for capital facilities may be | 14 |
| used
for the acquisition, installation, alteration, | 15 |
| construction, or
reconstruction of capital facilities and for | 16 |
| the purchase of equipment
for the purpose of major capital | 17 |
| improvements which will reduce energy
consumption in State | 18 |
| buildings or facilities. | 19 |
| (Source: P.A. 96-36, eff. 7-13-09; 96-37, eff. 7-13-09; revised | 20 |
| 8-20-09.) | 21 |
| (30 ILCS 330/4) (from Ch. 127, par. 654) | 22 |
| Sec. 4. Transportation. The amount of $12,148,799,000 | 23 |
| $9,948,799,000
is authorized for use by the Department of | 24 |
| Transportation for the specific
purpose of promoting and | 25 |
| assuring rapid, efficient, and safe highway, air and
mass |
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| transportation for the inhabitants of the State by providing | 2 |
| monies,
including the making of grants and loans, for the | 3 |
| acquisition, construction,
reconstruction, extension and | 4 |
| improvement of the following transportation
facilities and | 5 |
| equipment, and for the acquisition of real property and
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| interests in real property required or expected to be required | 7 |
| in connection
therewith as follows: | 8 |
| (a) $5,432,129,000 for State highways, arterial
highways, | 9 |
| freeways,
roads, bridges, structures separating highways and | 10 |
| railroads and roads, and
bridges on roads maintained by | 11 |
| counties, municipalities, townships or road
districts for the | 12 |
| following specific purposes: | 13 |
| (1) $3,330,000,000 for use statewide, | 14 |
| (2) $3,677,000 for use outside the Chicago urbanized
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| area, | 16 |
| (3) $7,543,000 for use within the Chicago urbanized | 17 |
| area, | 18 |
| (4) $13,060,600 for use within the City of Chicago, | 19 |
| (5) $58,987,500 for use within the counties of Cook,
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| DuPage, Kane, Lake, McHenry and Will, | 21 |
| (6) $18,860,900 for use outside the counties of Cook, | 22 |
| DuPage, Kane,
Lake, McHenry and Will, and | 23 |
| (7) $2,000,000,000 for use on projects included in | 24 |
| either (i) the FY09-14 Proposed Highway Improvement | 25 |
| Program as published by the Illinois Department of | 26 |
| Transportation in May 2008 or (ii) the FY10-15 Proposed |
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| Highway Improvement Program to be published by the Illinois | 2 |
| Department of Transportation in the spring of 2009; except | 3 |
| that all projects must be maintenance projects for the | 4 |
| existing State system with the goal of reaching 90% | 5 |
| acceptable condition in the system statewide and further | 6 |
| except that all projects must reflect the generally | 7 |
| accepted historical distribution of projects throughout | 8 |
| the State. | 9 |
| (b) $4,230,070,000 $3,130,070,000 for rail facilities and | 10 |
| for
mass transit facilities, as defined in Section 2705-305 of | 11 |
| the Department of
Transportation Law (20 ILCS 2705/2705-305), | 12 |
| including rapid transit, rail, bus
and other equipment used in | 13 |
| connection therewith by the State or any unit of
local | 14 |
| government, special transportation district, municipal | 15 |
| corporation or
other corporation or public authority | 16 |
| authorized to provide and promote public
transportation within | 17 |
| the State or two or more of the foregoing jointly, for
the | 18 |
| following specific purposes: | 19 |
| (1) $3,134,270,000 $2,034,270,000 statewide, | 20 |
| (2) $83,350,000 for use within the counties of Cook,
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| DuPage, Kane, Lake, McHenry and Will, | 22 |
| (3) $12,450,000 for use outside the counties of Cook,
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| DuPage, Kane, Lake, McHenry and Will, and | 24 |
| (4) $1,000,000,000 for use on projects that shall | 25 |
| reflect the generally accepted historical distribution of | 26 |
| projects throughout the State. |
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| (c) $471,600,000 $371,600,000 for airport or aviation | 2 |
| facilities and any equipment used
in connection therewith, | 3 |
| including engineering and land acquisition costs,
by the State | 4 |
| or any unit of local government, special transportation | 5 |
| district,
municipal corporation or other corporation or public | 6 |
| authority authorized
to provide public transportation within | 7 |
| the State, or two or more of the
foregoing acting jointly, and | 8 |
| for the making of deposits into the Airport
Land Loan Revolving | 9 |
| Fund for loans to public airport owners pursuant to the
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| Illinois Aeronautics Act. | 11 |
| (d) $2,015,000,000 $1,015,000,000 for use statewide for | 12 |
| State or local highways, arterial highways, freeways, roads, | 13 |
| bridges, and structures separating highways and railroads and | 14 |
| roads, and for grants to counties, municipalities, townships, | 15 |
| or road districts for planning, engineering, acquisition, | 16 |
| construction, reconstruction, development, improvement, | 17 |
| extension, and all construction-related expenses of the public | 18 |
| infrastructure and other transportation improvement projects | 19 |
| which are related to economic development in the State of | 20 |
| Illinois. | 21 |
| (Source: P.A. 96-5, eff. 4-3-09; 96-36, eff. 7-13-09; 96-37, | 22 |
| eff. 7-13-09.) | 23 |
| (30 ILCS 330/6) (from Ch. 127, par. 656) | 24 |
| Sec. 6. Anti-Pollution.
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| (a) The amount of $422,815,000 $369,815,000 is authorized |
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| for
allocation by the
Environmental Protection Agency for | 2 |
| grants or loans to units of local
government in such amounts, | 3 |
| at such times and for such purpose as the Agency
deems | 4 |
| necessary or desirable for the planning, financing, and | 5 |
| construction of
municipal sewage treatment works and solid | 6 |
| waste disposal facilities and for
making of deposits into the | 7 |
| Water Revolving Fund and
the U.S. Environmental Protection Fund | 8 |
| to provide assistance in accordance
with the provisions of | 9 |
| Title IV-A of the Environmental Protection Act.
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| (b) The amount of $236,500,000 $215,500,000 is authorized | 11 |
| for allocation by the
Environmental Protection Agency for | 12 |
| payment of claims submitted to the State
and approved for | 13 |
| payment under the Leaking Underground Storage Tank Program
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| established in Title XVI of the Environmental Protection Act.
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| (Source: P.A. 96-36, eff. 7-13-09.) | 16 |
| (30 ILCS 330/7) (from Ch. 127, par. 657) | 17 |
| Sec. 7. Coal and Energy Development. The amount of | 18 |
| $698,200,000 is
authorized to be used by the Department of | 19 |
| Commerce and Economic Opportunity (formerly Department of | 20 |
| Commerce and Community Affairs) for
coal and energy development | 21 |
| purposes, pursuant to Sections 2, 3 and 3.1 of the
Illinois | 22 |
| Coal and Energy Development Bond Act, for the purposes
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| specified
in Section 8.1 of the Energy Conservation and Coal | 24 |
| Development Act, for
the purposes specified in Section 605-332 | 25 |
| of the Department of Commerce and
Economic Opportunity Law of |
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| the Civil Administrative Code of Illinois, and for the purpose | 2 |
| of facility cost reports prepared pursuant to Sections 1-58 | 3 |
| 1-56 or 1-75(d)(4) of the Illinois Power Agency Act and for the | 4 |
| purpose of development costs pursuant to Section 8.1 of the | 5 |
| Energy Conservation and Coal Development Act. Of this
amount: | 6 |
| (a) $115,000,000 is
for the specific purposes of | 7 |
| acquisition,
development, construction, reconstruction, | 8 |
| improvement, financing,
architectural and technical planning | 9 |
| and installation of capital facilities
consisting of | 10 |
| buildings, structures, durable equipment, and land for the
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| purpose of capital development of coal resources within the | 12 |
| State and for the
purposes specified in Section 8.1 of the | 13 |
| Energy Conservation and Coal
Development Act; | 14 |
| (b) $35,000,000 is for the purposes specified in Section | 15 |
| 8.1 of the
Energy
Conservation and Coal Development Act and | 16 |
| making a grant to the owner of a
generating station
located in | 17 |
| Illinois and having at least three coal-fired generating units
| 18 |
| with accredited summer capability greater than 500 megawatts | 19 |
| each at such
generating station as provided in Section 6 of | 20 |
| that Bond Act; | 21 |
| (c) $13,200,000 is for research, development and | 22 |
| demonstration
of forms of energy
other than that derived from | 23 |
| coal, either on or off State property; | 24 |
| (d) $500,000,000 is for the purpose of providing financial | 25 |
| assistance to
new
electric generating facilities as provided in | 26 |
| Section 605-332 of the Department
of Commerce and Economic |
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| Opportunity Law of the Civil Administrative Code of
Illinois; | 2 |
| and | 3 |
| (e) $50,000,000 $35,000,000 is for the purpose of facility | 4 |
| cost reports prepared for not more than one facility pursuant | 5 |
| to Section 1-75(d)(4) of the Illinois Power Agency Act and not | 6 |
| more than one facility pursuant to Section 1-58 1-56 of the | 7 |
| Illinois Power Agency Act and for the purpose of up to | 8 |
| $6,000,000 of development costs pursuant to Section 8.1 of the | 9 |
| Energy Conservation and Coal Development Act. | 10 |
| (Source: P.A. 95-1026, eff. 1-12-09; 96-781, eff. 8-28-09; | 11 |
| revised 10-13-09.) | 12 |
| Section 10. The Build Illinois Bond Act is amended by | 13 |
| changing Sections 2 and 4 as follows: | 14 |
| (30 ILCS 425/2) (from Ch. 127, par. 2802) | 15 |
| Sec. 2. Authorization for Bonds. The State of Illinois is
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| authorized to issue, sell and provide for the retirement of | 17 |
| limited
obligation bonds, notes and other evidences of | 18 |
| indebtedness of the State of
Illinois in the total principal | 19 |
| amount of $5,703,509,000 $4,615,509,000
herein called "Bonds". | 20 |
| Such authorized amount of Bonds shall
be reduced from time to | 21 |
| time by amounts, if any, which are equal to the
moneys received | 22 |
| by the Department of Revenue in any fiscal year pursuant to
| 23 |
| Section 3-1001 of the "Illinois Vehicle Code", as amended, in | 24 |
| excess of the
Annual Specified Amount (as defined in Section 3 |
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| of the "Retailers'
Occupation Tax Act", as amended) and | 2 |
| transferred at the end of such fiscal
year from the General | 3 |
| Revenue Fund to the Build Illinois Purposes Fund (now | 4 |
| abolished) as
provided in Section 3-1001 of said Code; | 5 |
| provided, however, that no such
reduction shall affect the | 6 |
| validity or enforceability of any Bonds issued
prior to such | 7 |
| reduction. Such amount of authorized Bonds
shall be exclusive | 8 |
| of any refunding Bonds issued pursuant to Section 15 of
this | 9 |
| Act and exclusive of any Bonds issued pursuant to this Section | 10 |
| which
are redeemed, purchased, advance refunded, or defeased in | 11 |
| accordance with
paragraph (f) of Section 4 of this Act. Bonds | 12 |
| shall be issued for the
categories and specific purposes | 13 |
| expressed in Section 4 of this Act. | 14 |
| (Source: P.A. 96-36, eff. 7-13-09.) | 15 |
| (30 ILCS 425/4) (from Ch. 127, par. 2804) | 16 |
| Sec. 4. Purposes of Bonds. Bonds shall be issued for the | 17 |
| following
purposes and in the approximate amounts as set forth | 18 |
| below: | 19 |
| (a) $3,213,000,000 $2,917,000,000 for the expenses of | 20 |
| issuance and
sale of Bonds, including bond discounts, and for | 21 |
| planning, engineering,
acquisition, construction, | 22 |
| reconstruction, development, improvement and
extension of the | 23 |
| public infrastructure in the State of Illinois, including: the
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| making of loans or grants to local governments for waste | 25 |
| disposal systems,
water and sewer line extensions and water |
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| distribution and purification
facilities, rail or air or water | 2 |
| port improvements, gas and electric utility
extensions, | 3 |
| publicly owned industrial and commercial sites, buildings
used | 4 |
| for public administration purposes and other public | 5 |
| infrastructure capital
improvements; the making of loans or | 6 |
| grants to units of local government
for financing and | 7 |
| construction of wastewater facilities, including grants to | 8 |
| serve unincorporated areas; refinancing or
retiring bonds | 9 |
| issued between January 1, 1987 and January 1,
1990 by home rule | 10 |
| municipalities, debt service on which is provided from a
tax | 11 |
| imposed by home rule municipalities prior to January 1, 1990 on | 12 |
| the
sale of food and drugs pursuant to Section 8-11-1 of the | 13 |
| Home Rule
Municipal Retailers' Occupation Tax Act or Section | 14 |
| 8-11-5 of the Home
Rule Municipal Service Occupation Tax Act; | 15 |
| the making of deposits not
to exceed $70,000,000 in the | 16 |
| aggregate into
the Water Pollution Control Revolving Fund to | 17 |
| provide assistance in
accordance with the provisions of Title | 18 |
| IV-A of the Environmental
Protection Act; the planning, | 19 |
| engineering, acquisition,
construction, reconstruction, | 20 |
| alteration, expansion, extension and
improvement of highways, | 21 |
| bridges, structures separating highways and
railroads, rest | 22 |
| areas, interchanges, access
roads to and from any State or | 23 |
| local highway and other transportation
improvement projects | 24 |
| which are related to
economic development activities; the | 25 |
| making of loans or grants for
planning, engineering, | 26 |
| rehabilitation, improvement or construction of rail
and |
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| transit facilities; the planning, engineering, acquisition,
| 2 |
| construction, reconstruction and improvement of watershed, | 3 |
| drainage, flood
control, recreation and related improvements | 4 |
| and facilities, including
expenses related to land and easement | 5 |
| acquisition, relocation, control
structures, channel work and | 6 |
| clearing and appurtenant work; the making of
grants for | 7 |
| improvement and development of zoos and park district field
| 8 |
| houses and related structures; and the making of grants for | 9 |
| improvement and
development of Navy Pier and related | 10 |
| structures. | 11 |
| (b) $541,000,000 $196,000,000 for fostering economic | 12 |
| development and
increased employment and the well being of the | 13 |
| citizens of Illinois, including:
the making of grants for | 14 |
| improvement and development of McCormick Place and
related | 15 |
| structures; the
planning and construction of a | 16 |
| microelectronics research center, including
the planning, | 17 |
| engineering, construction, improvement, renovation and
| 18 |
| acquisition of buildings, equipment and related utility | 19 |
| support systems;
the making of loans to businesses and | 20 |
| investments in small businesses;
acquiring real properties for | 21 |
| industrial or commercial site development;
acquiring, | 22 |
| rehabilitating and reconveying industrial and commercial
| 23 |
| properties for the purpose of expanding employment and | 24 |
| encouraging private
and other public sector investment in the | 25 |
| economy of Illinois; the payment
of expenses associated with | 26 |
| siting the Superconducting Super Collider Particle
Accelerator |
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| in Illinois and with its acquisition, construction,
| 2 |
| maintenance, operation, promotion and support; the making of | 3 |
| loans for the
planning, engineering, acquisition, | 4 |
| construction, improvement and
conversion of facilities and | 5 |
| equipment which will foster the use of
Illinois coal; the | 6 |
| payment of expenses associated with the
promotion, | 7 |
| establishment, acquisition and operation of small business
| 8 |
| incubator facilities and agribusiness research facilities, | 9 |
| including the lease,
purchase, renovation, planning, | 10 |
| engineering, construction and maintenance of
buildings, | 11 |
| utility support systems and equipment designated for such
| 12 |
| purposes and the establishment and maintenance of centralized | 13 |
| support
services within such facilities; and the making of | 14 |
| grants or loans to
units of local government for Urban | 15 |
| Development Action Grant and Housing
Partnership programs. | 16 |
| (c) $1,741,358,100 $1,352,358,100 for the development and
| 17 |
| improvement of educational,
scientific, technical and | 18 |
| vocational programs and facilities and the
expansion of health | 19 |
| and human services for all citizens of Illinois,
including: the | 20 |
| making of construction and improvement grants and loans
to | 21 |
| public libraries
and library systems; the making of grants and | 22 |
| loans for planning,
engineering, acquisition and construction
| 23 |
| of a new State central library in Springfield; the planning, | 24 |
| engineering,
acquisition and construction of an animal and | 25 |
| dairy sciences facility; the
planning, engineering, | 26 |
| acquisition and construction of a campus and all
related |
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| buildings, facilities, equipment and materials for Richland
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| Community College; the acquisition, rehabilitation and | 3 |
| installation of
equipment and materials for scientific and | 4 |
| historical surveys; the making of
grants or loans for | 5 |
| distribution to eligible vocational education instructional
| 6 |
| programs for the upgrading of vocational education programs, | 7 |
| school shops
and laboratories, including the acquisition, | 8 |
| rehabilitation and
installation of technical equipment and | 9 |
| materials; the making of grants or
loans for distribution to | 10 |
| eligible local educational agencies for the
upgrading of math | 11 |
| and science instructional programs, including the
acquisition | 12 |
| of instructional equipment and materials; miscellaneous | 13 |
| capital
improvements for universities and community colleges | 14 |
| including the
planning, engineering,
construction, | 15 |
| reconstruction, remodeling, improvement, repair and
| 16 |
| installation of capital facilities and costs of planning, | 17 |
| supplies,
equipment, materials, services, and all other | 18 |
| required expenses; the
making of grants or loans for repair, | 19 |
| renovation and miscellaneous capital
improvements for | 20 |
| privately operated colleges and universities and community
| 21 |
| colleges, including the planning, engineering, acquisition, | 22 |
| construction,
reconstruction, remodeling,
improvement, repair | 23 |
| and installation of capital facilities and costs of
planning, | 24 |
| supplies, equipment, materials, services, and all other | 25 |
| required
expenses; and the making of grants or loans for | 26 |
| distribution to local
governments for hospital and other health |
|
|
|
09600SB3514ham014 |
- 17 - |
LRB096 18423 RCE 41663 a |
|
| 1 |
| care facilities including the
planning, engineering, | 2 |
| acquisition, construction, reconstruction,
remodeling, | 3 |
| improvement, repair and installation of capital facilities and
| 4 |
| costs of planning, supplies, equipment, materials, services | 5 |
| and all other
required expenses. | 6 |
| (d) $208,150,900 $150,150,900 for protection, | 7 |
| preservation,
restoration and conservation of environmental | 8 |
| and natural resources,
including: the making of grants to soil | 9 |
| and water conservation districts
for the planning and | 10 |
| implementation of conservation practices and for
funding | 11 |
| contracts with the Soil Conservation Service for watershed
| 12 |
| planning; the making of grants to units of local government for | 13 |
| the
capital development and improvement of recreation areas, | 14 |
| including
planning and engineering costs, sewer projects, | 15 |
| including planning and
engineering costs and water projects, | 16 |
| including planning
and engineering costs, and for the | 17 |
| acquisition of open space lands,
including the acquisition of | 18 |
| easements and other property interests of less
than fee simple | 19 |
| ownership; the acquisition and related costs and development
| 20 |
| and management of natural heritage lands, including natural | 21 |
| areas and areas
providing habitat for
endangered species and | 22 |
| nongame wildlife, and buffer area lands; the
acquisition and | 23 |
| related costs and development and management of
habitat lands, | 24 |
| including forest, wildlife habitat and wetlands;
and the | 25 |
| removal and disposition of hazardous substances, including the | 26 |
| cost of
project management, equipment, laboratory analysis, |
|
|
|
09600SB3514ham014 |
- 18 - |
LRB096 18423 RCE 41663 a |
|
| 1 |
| and contractual services
necessary for preventative and | 2 |
| corrective actions related to the preservation,
restoration | 3 |
| and conservation of the environment, including deposits not to
| 4 |
| exceed $60,000,000 in the aggregate into the Hazardous Waste | 5 |
| Fund and the
Brownfields Redevelopment Fund for improvements in | 6 |
| accordance with the
provisions of Titles V and XVII of the | 7 |
| Environmental Protection Act. | 8 |
| (e) The amount specified in paragraph (a) above
shall | 9 |
| include an amount necessary to pay reasonable expenses of each
| 10 |
| issuance and sale of the Bonds, as specified in the related | 11 |
| Bond Sale Order
(hereinafter defined). | 12 |
| (f) Any unexpended proceeds from any sale of
Bonds which | 13 |
| are held in the Build Illinois Bond Fund may be used to redeem,
| 14 |
| purchase, advance refund, or defease any Bonds outstanding. | 15 |
| (Source: P.A. 96-36, eff. 7-13-09; 96-503, eff. 8-14-09; | 16 |
| revised 10-6-09.)".
|
|