(20 ILCS 3110/0.01) (from Ch. 127, par. 213.01)
Sec. 0.01.
Short title.
This Act may be cited as the
Building Authority Act.
(Source: P.A. 86-1324.)
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(20 ILCS 3110/1.1) (from Ch. 127, par. 213.1-1)
Sec. 1.1.
As used in this Act "Authority" or "Building Authority" means
the Capital Development Board.
(Source: P.A. 82-235.)
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(20 ILCS 3110/2) (from Ch. 127, par. 213.2)
Sec. 2.
Purposes.
The purposes of this Authority are:
(a) to build and otherwise provide hospital, housing, penitentiary,
administrative, classroom, library, recreational, laboratory, office and
other such facilities for use by the State of Illinois;
(b) to conduct continuous studies into the need for such facilities; and
(c) to serve the General Assembly by making reports and recommendations
concerning the providing of such facilities.
(Source: Laws 1961, p. 3383.)
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(20 ILCS 3110/3) (from Ch. 127, par. 213.3)
Sec. 3. Duties. The Authority shall make thorough and continuous studies and
investigations of the following building needs of the State of Illinois as they
may from time to time develop:
(a) Office structures, recreational facilities, fixed equipment of any
kind, electric, gas, steam, water and sewer utilities, motor parking
facilities, hospitals, penitentiaries and facilities of every kind and
character, other than movable equipment, considered by the Authority
necessary or convenient for the efficient operation of any unit which is
used by any officer, department, board, commission or other agency of the
State.
(b) Buildings and other facilities intended for use as classrooms,
laboratories, libraries, student residence halls, instructional and
administrative facilities for students, faculty, officers, and employees,
and motor vehicle parking facilities and fixed equipment for any
institution or unit under the control of the Board of Trustees of the
University of Illinois, the Board of Trustees of Southern Illinois University,
the Board of Trustees of Chicago State University, the Board of Trustees of
Eastern Illinois University, the Board of Trustees of Governors State
University, the Board of Trustees of Illinois State University, the Board of
Trustees of Northeastern Illinois University, the Board of Trustees of Northern
Illinois University, the Board of Trustees of Western Illinois University, the
School Building Commission or any public community college district board.
(c) School sites, buildings and fixed equipment to meet the needs of
school districts unable to provide such facilities because of lack of funds
and constitutional bond limitations, whenever any General Assembly has
declared the acquisition of sites, construction of buildings and
installation of fixed equipment for such school districts to be in the
public interest, and allocations of said declarations shall be made as
provided in Section 5 of this Act.
Whenever the General Assembly declares by law that it is in the public
interest for the Authority to acquire any real estate, construct, complete
and remodel buildings, and install fixed equipment in buildings and other
facilities for public community college districts, the amount of any declaration to be allocated to any public community
college district shall be determined by the Illinois Community College Board, unless otherwise provided by law.
(Source: P.A. 94-1105, eff. 6-1-07.)
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(20 ILCS 3110/4) (from Ch. 127, par. 213.4)
Sec. 4. Any department, board, commission, agency or officer of this State
or the Board of Trustees of the University of Illinois, the Board of Trustees
of Southern Illinois University, the Board of Trustees of Chicago State
University, the Board of Trustees of Eastern Illinois University, the Board of
Trustees of Governors State University, the Board of Trustees of Illinois State
University, the Board of Trustees of Northeastern Illinois University, the
Board of Trustees of Northern Illinois University, the Board of Trustees of
Western Illinois University, or any public
community college district board may transfer jurisdiction of or title to
any property under its or his control to the Authority when such transfer
is approved in writing by the Governor as being advantageous to the State.
(Source: P.A. 94-1105, eff. 6-1-07.)
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(20 ILCS 3110/5) (from Ch. 127, par. 213.5)
Sec. 5. Powers. To accomplish projects of the kind listed in Section 3
above, the Authority shall possess the following powers:
(a) Acquire by purchase or otherwise (including the power of
condemnation in the manner provided for the exercise of the right of eminent
domain under the Eminent Domain Act),
construct, complete, remodel and install fixed equipment in any and all
buildings and other facilities as the General Assembly by law declares
to be in the public interest.
Whenever the General Assembly has by law declared it to be in the
public interest for the Authority to acquire any real estate, construct,
complete, remodel and install fixed equipment in buildings and other
facilities for public community college districts, the Director of the
Department of Central Management Services shall, when requested by any such
public community college district board, enter into a lease by and on behalf of
and for the use of such public community college district board to the extent
appropriations have been made by the General Assembly to pay the rents under
the terms of such lease.
In the course of such activities, acquire property of any and every
kind and description, whether real, personal or mixed, by gift, purchase
or otherwise. It may also acquire real estate of the State of Illinois
controlled by any officer, department, board, commission, or other
agency of the State, or the Board of Trustees of the University of
Illinois, the Board of Trustees of Southern Illinois University,
the Board of Trustees of Chicago State University, the Board of Trustees of
Eastern Illinois University, the Board of Trustees of Governors State
University, the Board of Trustees of Illinois State University, the Board of
Trustees of Northeastern Illinois University, the Board of Trustees of Northern
Illinois University, the Board of Trustees of Western Illinois University, or any public community college district
board, the jurisdiction of which is transferred by such officer,
department, board, commission, or other agency or the Board of Trustees
of Southern Illinois University,
the Board of Trustees of Chicago State University, the Board of Trustees of
Eastern Illinois University, the Board of Trustees of Governors State
University, the Board of Trustees of Illinois State University, the Board of
Trustees of Northeastern Illinois University, the Board of Trustees of Northern
Illinois University, the Board of Trustees of Western Illinois University, or any public community college district board
to the Authority. The Board of Trustees of the University of Illinois, the
Board of Trustees of Southern Illinois University, the Board of Trustees of
Chicago State University, the Board of Trustees of Eastern Illinois University,
the Board of Trustees of Governors State University, the Board of Trustees of
Illinois State University, the Board of Trustees of Northeastern Illinois
University, the Board of Trustees of Northern Illinois University, the Board of
Trustees of Western Illinois University, and any public community college district board, respectively, shall
prepare plans and specifications for and have supervision over any
project to be undertaken by the Authority for their use. Before any
other particular construction is undertaken, plans and specifications
shall be approved by the lessee provided for under (b) below, except as
indicated above.
(b) Execute leases of facilities and sites to, and charge for the
use of any such facilities and sites by, any officer, department, board,
commission or other agency of the State of Illinois, or the Director of
the Department of Central Management Services when the Director
is requested to, by
and on behalf of, or for the use of, any officer, department, board,
commission or other agency of the State of Illinois, or by the Board of
Trustees of the University of Illinois, the Board of Trustees of
Southern Illinois University,
the Board of Trustees of Chicago State University, the Board of Trustees of
Eastern Illinois University, the Board of Trustees of Governors State
University, the Board of Trustees of Illinois State University, the Board of
Trustees of Northeastern Illinois University, the Board of Trustees of Northern
Illinois University, the Board of Trustees of Western Illinois University, or any public community college district board.
Such leases may be entered into contemporaneously with any financing to be done
by the Authority and payments under the terms of the lease shall begin at any
time after execution of any such lease.
(c) In the event of non-payment of rents reserved in such leases,
maintain and operate such facilities and sites or execute leases thereof
to others for any suitable purposes. Such leases to the officers,
departments, boards, commissions, other agencies, the respective Boards of
Trustees, or any public community college
district board shall contain the provision that rents under such leases
shall be payable solely from appropriations to be made by the General
Assembly for the payment of such rent and any revenues derived from the
operation of the leased premises.
(d) Borrow money and issue and sell bonds in such amount or amounts
as the Authority may determine for the purpose of acquiring,
constructing, completing or remodeling, or putting fixed equipment in
any such facility; refund and refinance the same from time to time as
often as advantageous and in the public interest to do so; and pledge
any and all income of such Authority, and any revenues derived from such
facilities, or any combination thereof, to secure the payment of such
bonds and to redeem such bonds. All such bonds are subject to the
provisions of Section 6 of this Act.
In addition to the permanent financing authorized by Sections 5 and 6
of this Act, the Illinois Building Authority may borrow money and issue
interim notes in evidence thereof for any of the projects, or to perform
any of the duties authorized under this Act, and in addition may borrow
money and issue interim notes for planning, architectural and
engineering, acquisition of land, and purchase of fixed equipment as
follows:
1. Whenever the Authority considers it advisable and | ||
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The Authority may provide for the registration of the | ||
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Contemporaneously with the issue of revenue bonds as | ||
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2. The Authority, in order further to secure the | ||
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(e) Convey property, without charge, to the State or to the
appropriate corporate agency of the State or to any public community college
district board if and when all debts which have been secured by the
income from such property have been paid.
(f) Enter into contracts regarding any matter connected with any
corporate purpose within the objects and purposes of this Act.
(g) Employ agents and employees necessary to carry out the duties
and purposes of the Authority.
(h) Adopt all necessary by-laws, rules and regulations for the
conduct of the business and affairs of the Authority, and for the
management and use of facilities and sites acquired under the powers
granted by this Act.
(i) Have and use a common seal and alter the same at pleasure.
The Interim notes shall constitute State debt of the State of
Illinois within the meaning of any of the provisions of the Constitution
and statutes of the State of Illinois.
No member, officer, agent or employee of the Authority, nor any other
person who executes interim notes, shall be liable personally by reason
of the issuance thereof.
With respect to instruments for the payment of money issued under this
Section either before, on, or after the effective date of this amendatory
Act of 1989, it is and always has been the intention of the General
Assembly (i) that the Omnibus Bond Acts are and always have been
supplementary grants of power to issue instruments in accordance with the
Omnibus Bond Acts, regardless of any provision of this Act that may appear
to be or to have been more restrictive than those Acts, (ii) that the
provisions of this Section are not a limitation on the supplementary
authority granted by the Omnibus Bond Acts, and (iii) that instruments
issued under this Section within the supplementary authority granted
by the Omnibus Bond Acts are not invalid because of any provision of
this Act that may appear to be or to have been more restrictive than
those Acts.
(Source: P.A. 94-1055, eff. 1-1-07; 94-1105, eff. 6-1-07; 95-876, eff. 8-21-08.) |
(20 ILCS 3110/5.1) (from Ch. 127, par. 213.5-1)
Sec. 5.1.
Nothing contained in this Act shall be construed as limiting or
restricting the power of a lessee, under paragraph (b) of Section 5, to
dedicate as a nature preserve, as provided in the "Illinois Natural Areas
Preservation Act", as now or hereafter amended, its interest in the land
leased by such lessee from the Illinois
Building Authority. However, any such dedication shall always be, and the
instrument of dedication shall provide that it is, subject and subordinate
to the prior rights of the Illinois Building Authority under any lease in
which it is lessor and all extensions of such lease, and no such
dedication shall operate to diminish or otherwise modify the obligations of
the lessee under any such lease, or any extension thereof, and shall be of
no effect if the lessee defaults in the performance of any of its
obligations under the terms of such lease.
(Source: P.A. 82-445.)
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(20 ILCS 3110/5.2) Sec. 5.2. Eminent domain. Notwithstanding any other provision of this Act, any power granted under this Act to acquire property by condemnation or eminent domain is subject to, and shall be exercised in accordance with, the Eminent Domain Act.
(Source: P.A. 94-1055, eff. 1-1-07.) |
(20 ILCS 3110/6) (from Ch. 127, par. 213.6)
Sec. 6.
Bonds.
(a) Interest. All such bonds shall mature within 40 years from date,
and shall bear interest at not more than
the maximum rate authorized by the Bond Authorization Act, as amended at the
time of the making of the contract, and may be sold by
the Authority in such manner as they may deem to be in the best public
interest. Such bonds shall be sold at such price that the interest cost of
the proceeds therefor will not exceed
the maximum rate authorized by the Bond Authorization Act, as amended at the
time of the making of the contract, computed according to
standard tables of bond values.
(b) From what source payable. Such bonds shall be payable solely and
only from (1) revenues to be derived from the operation of any such
facilities acquired, constructed, completed, remodeled or equipped in whole
or in part with the proceeds of such bonds; and (2) income to be derived
from rental leases to State Departments, boards, commissions or other
agencies, or from leases to others as provided above.
(c) Execution and registration of bonds. Such bonds shall be executed
by such officers of the Authority as shall be designated by the Authority,
and shall be registered by the Auditor of Public Accounts or the
Comptroller as his successor of the State of Illinois. Any bonds bearing
the signature of officers in office at the date of signing thereof shall be
valid and binding for all purposes, notwithstanding that before delivery
thereof any or all such persons whose signatures appear thereon shall have
ceased to be such officers.
(d) Provisions contained in bond. Each such bond shall state upon its
face that it is payable solely from revenues derived from the operation of
facilities acquired, constructed, completed, remodeled or equipped in whole
or in part with the proceeds of the sale of such bonds, including income to
be derived from rental leases as provided above. Each bond shall state upon
its face that it does constitute State debt of the State of Illinois within
the meaning of the provisions of the Constitution and statutes of the State
of Illinois.
With respect to instruments for the payment of money issued under this
Section either before, on, or after the effective date of this amendatory
Act of 1989, it is and always has been the intention of the General
Assembly (i) that the Omnibus Bond Acts are and always have been
supplementary grants of power to issue instruments in accordance with the
Omnibus Bond Acts, regardless of any provision of this Act that may appear
to be or to have been more restrictive than those Acts, (ii) that the
provisions of this Section are not a limitation on the supplementary
authority granted by the Omnibus Bond Acts, and (iii) that instruments
issued under this Section within the supplementary authority granted
by the Omnibus Bond Acts are not invalid because of any provision of
this Act that may appear to be or to have been more restrictive than
those Acts.
(Source: P.A. 86-4.)
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(20 ILCS 3110/7) (from Ch. 127, par. 213.7)
Sec. 7.
Charges.
The charges, fees or rentals established by the Authority for the use of
any facilities acquired, constructed, completed, remodeled or equipped in
whole or in part with the proceeds of the bonds issued as provided in this
Act shall be sufficient at all times to pay the principal of and interest
on the bonds and a proportion of the administrative expenses of the
Authority as provided for by each lease, and such reserves as may be
provided in the resolutions of issuance.
(Source: Laws 1967, p. 2932.)
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(20 ILCS 3110/8) (from Ch. 127, par. 213.8)
Sec. 8.
The Public
Building Fund.
The gross total income from (1) the sale of bonds, (2) charges, fees or
rentals, and (3) all other revenue derived from any project undertaken
pursuant to this Act shall be paid to the Treasurer of the State of
Illinois. Said income shall be held by him in trust for the purposes of
this Act, in a special fund known as "The Public Building Fund." The State
Treasurer shall be ex officio custodian of such fund.
Disbursements shall be made from such fund upon the order of the
Authority.
(Source: Laws 1961, p. 3383.)
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(20 ILCS 3110/9) (from Ch. 127, par. 213.9)
Sec. 9. Limitation on disbursements. The Authority shall keep account
of the gross total income derived from each separate project or any combination
thereof undertaken pursuant to this Act. Disbursements from a given account
in The Public Building Fund shall be ordered by the Authority only for the
payment of
(1) the principal of and interest on the bonds issued for each project,
or combination thereof, and (2) any other purposes set forth in the
resolution authorizing the issuance of such bonds.
An accurate record shall be kept of the rental payments under each
lease entered into by the Authority and any officer, department, board,
commission or other agency of the State of Illinois, the Director of the
Department of Central Management Services, the Board of Trustees of the
University of Illinois, the Board of Trustees of Southern Illinois University,
the Board of Trustees of Chicago State University, the Board of Trustees of
Eastern Illinois University, the Board of Trustees of Governors State
University, the Board of Trustees of Illinois State University, the Board of
Trustees of Northeastern Illinois University, the Board of Trustees of Northern
Illinois University, the Board of Trustees of Western Illinois University, or any public community
college district board, and when the rentals applicable to each project
or facility, or any combination thereof, constructed, completed, remodeled,
maintained
and equipped, have been paid in (1) amounts sufficient to amortize and pay
the principal of and interest upon the total principal amount
of bonds of the Authority issued to pay the cost of each project or facility,
including maintenance and operation expenses and that proportion of the
administrative expense of the Authority as provided for by each lease, or
(2) amounts which when invested in direct obligations of the United
States of America are, together with earnings thereon, sufficient to amortize
and pay the principal of and interest upon the total principal amount
of bonds of the Authority issued to pay the cost of each project
or facility, including maintenance and operation expenses and that proportion
of the administrative expense of the Authority as provided for by each lease,
the property shall be conveyed without charge to the lessee.
(Source: P.A. 94-1105, eff. 6-1-07.)
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(20 ILCS 3110/10) (from Ch. 127, par. 213.10)
Sec. 10.
Annual
audit.
The Building Authority shall cause an audit of the accounts of the
Authority to be made annually by an accountant or accountants authorized to
practice accounting under the laws of this State.
(Source: Laws 1961, p. 3383.)
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(20 ILCS 3110/11) (from Ch. 127, par. 213.11)
Sec. 11.
Enforcement of obligations.
The provisions of this Act and of any resolution or proceeding
authorizing the issuance of bonds shall constitute a contract with the
holders of such bonds. The provisions thereof shall be enforceable by mandamus,
injunction or
other civil action or proceeding in any
court of competent jurisdiction to enforce and compel the performance of
any duties required by this Act or any resolution or proceeding authorizing
the issuance of such bonds, including the establishment of sufficient
charges, fees or rentals and the application of the income from a project
under this Act, as provided above.
(Source: P.A. 83-345.)
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(20 ILCS 3110/13) (from Ch. 127, par. 213.13)
Sec. 13.
All property owned by the Authority is exempt from taxation.
(Source: Laws 1961, p. 3383.)
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(20 ILCS 3110/13.1) (from Ch. 127, par. 213.13-1)
Sec. 13.1.
No project may be carried out by the Authority unless commenced
before July 1 of the third year following the year in which the project was
authorized by the General Assembly. For the purposes of this Section, a
project is commenced when the contract or contracts therefor have been let
or revenue bonds issued thereon. Nothing in this Section prevents the
re-authorization of such a project by the General Assembly.
(Source: Laws 1967, p. 1085.)
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(20 ILCS 3110/14) (from Ch. 127, par. 213.14)
Sec. 14.
Separability clause.
If any clause or other portion of this Act shall be held invalid, that
decision shall not affect the validity of the remaining portions of this
Act. It is hereby declared that all such remaining portions of this Act are
severable, and that the General Assembly would have enacted such remaining
portions if the portions that may be so held to be invalid had not been
included in this Act.
(Source: Laws 1961, p. 3383.)
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