Full Text of SB0744 97th General Assembly
SB0744ham006 97TH GENERAL ASSEMBLY | Rep. Lou Lang Filed: 5/29/2011
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| 1 | | AMENDMENT TO SENATE BILL 744
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 744, AS AMENDED, | 3 | | with reference to page and line numbers of House Amendment No. | 4 | | 1 as follows:
| 5 | | on page 34, line 22, by replacing "2" with "3"; and | 6 | | on page 49, line 6, by replacing "expect" with "except"; and | 7 | | on page 85, by replacing line 7 with " (e-10), (e-15), (e-25), | 8 | | and (h-5) of Section 7 and subsections (c) and "; and | 9 | | on page 85, line 8, by replacing " (c) " with " (i) "; and | 10 | | on page 213, lines 20 and 21, by replacing " separate and apart " | 11 | | with " separately "; and | 12 | | on page 213, line 21, by replacing " fund " with " Fund "; and |
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| 1 | | on page 226, lines 5 and 6, by replacing " separate and apart " | 2 | | with " separately "; and | 3 | | on page 251, line 13, after "7.3", by inserting "7.5,"; and | 4 | | on page 256, line 12, after "is", by inserting " issued or "; and | 5 | | on page 264, line 9, by replacing " owner's " with " owners "; and | 6 | | on page 268, line 15, by replacing " by " with " affecting "; and | 7 | | on page 284, line 4, after " for ", by deleting " or "; and | 8 | | on page 293, line 5, after " applicant ", by inserting " or the | 9 | | proposed host municipality "; and | 10 | | on page 295, line 19, by deleting " riverboat or "; and | 11 | | on page 295, lines 21, 24, and 26, by deleting " or casino " each | 12 | | time it appears; and | 13 | | on page 296, line 2, by deleting " or casino "; and | 14 | | on page 296, by deleting lines 17 through 19; and |
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| 1 | | on page 296, line 20, by replacing " (5) " with " (4) "; and | 2 | | on page 296, line 23, by replacing " (6) " with " (5) ; and | 3 | | on page 302, line 1, by replacing " (e-20) " with " (e-15) "; and | 4 | | on page 302, line 2, by replacing " (e-30) " with " (e-25) "; and | 5 | | on page 302, line 12, after " who ", by inserting " conducted | 6 | | gambling operations prior to January 1, 2011 and "; and | 7 | | on page 302, line 20, by replacing " the owners licensee " with | 8 | | " that owners licensee "; and | 9 | | on page 302, line 26, by replacing " subsection " with | 10 | | " subsection (h-5) "; and | 11 | | on page 306, immediately below line 18, by inserting the | 12 | | following:
| 13 | | "(230 ILCS 10/7.5)
| 14 | | Sec. 7.5. Competitive Bidding. When the Board determines | 15 | | that it will re-issue an owners license pursuant to
an
open and | 16 | | competitive bidding process, as set forth in Section 7.1, or | 17 | | that it
will issue a managers license pursuant to an open and | 18 | | competitive bidding
process, as set forth in Section 7.4, or |
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| 1 | | that it will issue an owners license pursuant to an open and | 2 | | competitive bidding process, as set forth in Section 7.11, the | 3 | | open and competitive bidding process
shall adhere to the | 4 | | following procedures:
| 5 | | (1) The Board shall make applications for owners and | 6 | | managers
licenses available to the public and allow a | 7 | | reasonable time for applicants to
submit applications to the | 8 | | Board.
| 9 | | (2) During the filing period for owners or managers license | 10 | | applications,
the
Board may retain the services of an | 11 | | investment banking firm to assist the Board
in conducting the | 12 | | open and competitive bidding process.
| 13 | | (3) After receiving all of the bid proposals, the Board | 14 | | shall open all of
the
proposals in a public forum and disclose | 15 | | the prospective owners or managers
names, venture partners, if | 16 | | any, and, in the case of applicants for owners
licenses, the | 17 | | locations of the proposed development sites.
| 18 | | (4) The Board shall summarize the terms of the proposals | 19 | | and may make this
summary available to the public.
| 20 | | (5) The Board shall evaluate the proposals within a | 21 | | reasonable time and
select no
more than 3 final applicants to | 22 | | make presentations of their
proposals to the Board.
| 23 | | (6) The final applicants shall make their presentations to | 24 | | the
Board on
the same day during an open session of the Board.
| 25 | | (7) As soon as practicable after the public presentations | 26 | | by the final
applicants,
the Board, in its
discretion, may |
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| 1 | | conduct further negotiations among the 3 final applicants.
| 2 | | During such negotiations, each final applicant may increase its | 3 | | license bid or
otherwise enhance its bid proposal. At the | 4 | | conclusion of such
negotiations, the Board shall
select the | 5 | | winning proposal. In the case of negotiations for
an owners | 6 | | license, the Board may, at the conclusion of such negotiations,
| 7 | | make the determination allowed under Section 7.3(a).
| 8 | | (8) Upon selection of a winning bid, the Board shall | 9 | | evaluate the winning
bid
within a reasonable period of time for | 10 | | licensee suitability in accordance with
all applicable | 11 | | statutory and regulatory criteria.
| 12 | | (9) If the winning bidder is unable or otherwise fails to
| 13 | | consummate the transaction, (including if the Board determines | 14 | | that the winning
bidder does not satisfy the suitability | 15 | | requirements), the Board may, on the
same criteria, select from | 16 | | the remaining bidders or make the determination
allowed under | 17 | | Section 7.3(a).
| 18 | | (Source: P.A. 93-28, eff. 6-20-03.)"; and
| 19 | | on page 321, line 18, by replacing " (e-10) " with " (e-5) "; and | 20 | | on page 344, lines 16 and 17, by replacing " a licensed owner " | 21 | | with " such licensee "; and | 22 | | on page 350, line 2, by replacing " and, " with " and "; and |
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| 1 | | on page 354, line 19, after " 2012. ", by inserting " Payments | 2 | | received by the host municipality pursuant to this subsection | 3 | | (b-4) may not be shared with any other unit of local | 4 | | government. "; and | 5 | | on page 357, line 11, after " Assembly. ", by inserting " Deposits | 6 | | made pursuant to this subsection (b-7) shall supplement, and | 7 | | not supplant, other State funding for these purposes. "; and | 8 | | on page 357, line 16, by replacing " $20,000 " with " $100,000 ".
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