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90_HB0108ccr001
SRA90H0108MWcpccr02
1 90TH GENERAL ASSEMBLY
2 CONFERENCE COMMITTEE REPORT
3 ON HOUSE BILL 108
4 -------------------------------------------------------------
5 -------------------------------------------------------------
6 To the President of the Senate and the Speaker of the
7 House of Representatives:
8 We, the conference committee appointed to consider the
9 differences between the houses in relation to Senate
10 Amendment No. 1 to House Bill 108, recommend the following:
11 1. that the Senate recede from Senate Amendment No. 1;
12 2. that House Bill 108 be amended by replacing the title
13 with the following:
14 "AN ACT in relation to bonds."; and
15 that House Bill 108 be amended by replacing everything
16 after the enacting clause with the following:
17 "Section 5. Public Act 90-8 (House Bill 1171 of the 90th
18 General Assembly) is amended by adding Section 99 as follows:
19 (P.A. 90-8, Sec. 99 new)
20 Sec. 99. Effective date. This Act (Public Act 90-8)
21 takes effect upon the effective date of this amendatory Act
22 of 1997 (House Bill 108 of the Ninetieth General Assembly).
23 Section 10. The General Obligation Bond Act is amended
24 by changing Sections 2, 3, 5, 6, 7, and 12 as follows:
25 (30 ILCS 330/2) (from Ch. 127, par. 652)
26 Sec. 2. Authorization for Bonds. The State of Illinois
27 is authorized to issue, sell and provide for the retirement
28 of General Obligation Bonds of the State of Illinois in the
29 total amount of $10,334,908,392 $8,972,708,392 herein called
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1 "Bonds".
2 Of the total amount of bonds authorized above, 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 above, 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 The issuance and sale of Bonds pursuant to the General
11 Obligation Bond Act is an economical and efficient method of
12 financing the capital needs of the State. This Act will
13 permit the issuance of a multi-purpose General Obligation
14 Bond with uniform terms and features. This will not only
15 lower the cost of registration but also reduce the overall
16 cost of issuing debt by improving the marketability of
17 Illinois General Obligation Bonds.
18 Bonds shall be issued for the categories and specific
19 purposes expressed in Sections 2 through 8 and Section 16 of
20 this Act.
21 (Source: P.A. 90-1, eff. 2-20-97; 90-8.)
22 (30 ILCS 330/3) (from Ch. 127, par. 653)
23 Sec. 3. Capital Facilities. The amount of $3,846,083,392
24 $3,587,083,392 is authorized to be used for the acquisition,
25 development, construction, reconstruction, improvement,
26 financing, architectural planning and installation of capital
27 facilities within the State, consisting of buildings,
28 structures, durable equipment, land, and interests in land
29 for the following specific purposes:
30 (a) $1,032,672,246 $905,272,246 for educational purposes
31 by State universities and colleges, the Illinois Community
32 College Board created by the Public Community College Act and
33 for grants to public community colleges as authorized by
34 Sections 5-11 and 5-12 of the Public Community College Act;
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1 (b) $1,027,213,368 $931,313,368 for correctional
2 purposes at State prison and correctional centers;
3 (c) $298,682,486 $292,132,486 for open spaces,
4 recreational and conservation purposes and the protection of
5 land;
6 (d) $451,215,486 $439,165,486 for child care facilities,
7 mental and public health facilities, and facilities for the
8 care of disabled veterans and their spouses;
9 (e) $809,568,641 $792,468,641 for use by the State, its
10 departments, authorities, public corporations, commissions
11 and agencies;
12 (f) $818,100 for cargo handling facilities at port
13 districts and for breakwaters, including harbor entrances, at
14 port districts in conjunction with facilities for small boats
15 and pleasure crafts;
16 (g) $137,672,796 for water resource management projects;
17 (h) $16,940,269 for the provision of facilities for food
18 production research and related instructional and public
19 service activities at the State universities and public
20 community colleges;
21 (i) $34,000,000 for grants by the Secretary of State, as
22 State Librarian, for central library facilities authorized by
23 Section 8 of the Illinois Library System Act and for grants
24 by the Capital Development Board to units of local government
25 for public library facilities;
26 (j) $25,000,000 for the acquisition, development,
27 construction, reconstruction, improvement, financing,
28 architectural planning and installation of capital facilities
29 consisting of buildings, structures, durable equipment and
30 land for grants to counties, municipalities or public
31 building commissions with correctional facilities that do not
32 comply with the minimum standards of the Department of
33 Corrections under Section 3-15-2 of the Unified Code of
34 Corrections;
35 (k) $5,000,000 for grants in fiscal year 1988 by the
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1 Department of Conservation for improvement or expansion of
2 aquarium facilities located on property owned by a park
3 district; and
4 (l) $7,300,000 to State agencies for grants to local
5 governments for the acquisition, financing, architectural
6 planning, development, alteration, installation, and
7 construction of capital facilities consisting of buildings,
8 structures, durable equipment, and land.
9 The amounts authorized above for capital facilities may
10 be used for the acquisition, installation, alteration,
11 construction, or reconstruction of capital facilities and for
12 the purchase of equipment for the purpose of major capital
13 improvements which will reduce energy consumption in State
14 buildings or facilities.
15 (Source: P.A. 90-1, eff. 2-20-97; 90-8.)
16 (30 ILCS 330/5) (from Ch. 127, par. 655)
17 Sec. 5. School Construction. (a) The amount of
18 $58,450,000 is authorized to make grants to local school
19 districts for the acquisition, development, construction,
20 reconstruction, rehabilitation, improvement, financing,
21 architectural planning and installation of capital
22 facilities, including but not limited to those required for
23 special education building projects provided for in Article
24 14 of The School Code, consisting of buildings, structures,
25 and durable equipment, and for the acquisition and
26 improvement of real property and interests in real property
27 required, or expected to be required, in connection
28 therewith.
29 (b) $22,550,000, or so much thereof as may be necessary,
30 for grants to school districts for the making of principal
31 and interest payments, required to be made, on bonds issued
32 by such school districts after January 1, 1969, pursuant to
33 any indenture, ordinance, resolution, agreement or contract
34 to provide funds for the acquisition, development,
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1 construction, reconstruction, rehabilitation, improvement,
2 architectural planning and installation of capital facilities
3 consisting of buildings, structures, durable equipment and
4 land for educational purposes or for lease payments required
5 to be made by a school district for principal and interest
6 payments on bonds issued by a Public Building Commission
7 after January 1, 1969.
8 (c) $10,000,000 for grants to school districts for the
9 acquisition, development, construction, reconstruction,
10 rehabilitation, improvement, architectural planning and
11 installation of capital facilities consisting of buildings
12 structures, durable equipment and land for special education
13 building projects.
14 (d) $9,000,000 for grants to school districts for the
15 reconstruction, rehabilitation, improvement, financing and
16 architectural planning of capital facilities, including
17 construction at another location to replace such capital
18 facilities, consisting of those public school buildings and
19 temporary school facilities which, prior to January 1, 1984,
20 were condemned by the regional superintendent under Section
21 3-14.22 of The School Code or by any State official having
22 jurisdiction over building safety.
23 (e) $1,100,000,000 for grants to school districts for
24 school improvement projects authorized by the School
25 Construction Law. The bonds shall be sold in amounts not to
26 exceed the following schedule, except any bonds not sold
27 during one year shall be added to the bonds to be sold during
28 the remainder of the schedule:
29 First year....................................$200,000,000
30 Second year...................................$250,000,000
31 Third year....................................$250,000,000
32 Fourth year...................................$200,000,000
33 Fifth year....................................$200,000,000
34 (Source: P.A. 84-1227.)
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1 (30 ILCS 330/6) (from Ch. 127, par. 656)
2 Sec. 6. Anti-Pollution.
3 (a) The amount of $189,300,000 is authorized for
4 allocation by the Environmental Protection Agency for grants
5 or loans to units of local government in such amounts, at
6 such times and for such purpose as the Agency deems necessary
7 or desirable for the planning, financing, and construction of
8 municipal sewage treatment works and solid waste disposal
9 facilities and for making of deposits into the Water
10 Pollution Control Revolving Fund and the U.S. Environmental
11 Protection Fund to provide assistance in accordance with the
12 provisions of Title IV-A of the Environmental Protection Act.
13 (b) The amount of $160,500,000 is authorized for
14 allocation by the Environmental Protection Agency for payment
15 of claims submitted to the State and approved for payment
16 under the Leaking Underground Storage Tank Program
17 established in Title XVI of the Environmental Protection Act.
18 (Source: P.A. 90-1, eff. 2-20-97; 90-8)
19 (30 ILCS 330/7) (from Ch. 127, par. 657)
20 Sec. 7. Coal and Energy Development. The amount of
21 $163,200,000 $160,000,000 is authorized to be used by the
22 Department of Commerce and Community Affairs for coal and
23 energy development purposes, pursuant to Sections 2, 3 and
24 3.1 of the Illinois Coal and Energy Development Bond Act, and
25 for the purposes specified in Section 8.1 of the Energy
26 Conservation and Coal Development Act. Of this amount
27 $115,000,000 is for the specific purposes of acquisition,
28 development, construction, reconstruction, improvement,
29 financing, architectural and technical planning and
30 installation of capital facilities consisting of buildings,
31 structures, durable equipment, and land for the purpose of
32 capital development of coal resources within the State and
33 for the purposes specified in Section 8.1 of the Energy
34 Conservation and Coal Development Act, $35,000,000 is for the
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1 purposes specified in Section 8.1 of the Energy Conservation
2 and Coal Development Act and making a grant to the owner of a
3 generating station located in Illinois and having at least
4 three coal-fired generating units with accredited summer
5 capability greater than 500 megawatts each at such generating
6 station as provided in Section 6 of that Bond Act and
7 $13,200,000 $10,000,000 is for research, development and
8 demonstration of forms of energy other than that derived from
9 coal, either on or off State property.
10 (Source: P.A. 89-445, eff. 2-7-96; 90-312, eff. 8-1-97.)
11 (30 ILCS 330/12) (from Ch. 127, par. 662)
12 Sec. 12. Allocation of Proceeds from Sale of Bonds. (a)
13 Proceeds from the sale of Bonds, authorized by Section 3 of
14 this Act, shall be deposited in the separate fund known as
15 the Capital Development Fund.
16 (b) Proceeds from the sale of Bonds, authorized by
17 paragraph (a) of Section 4 of this Act, shall be deposited in
18 the separate fund known as the Transportation Bond, Series A
19 Fund.
20 (c) Proceeds from the sale of Bonds, authorized by
21 paragraphs (b) and (c) of Section 4 of this Act, shall be
22 deposited in the separate fund known as the Transportation
23 Bond, Series B Fund.
24 (d) Proceeds from the sale of Bonds, authorized by
25 Section 5 of this Act, shall be deposited in the separate
26 fund known as the School Construction Fund, except that
27 proceeds from the sale of the additional $1,100,000,000 of
28 bonds authorized in subsection (e) of Section 5 pursuant to
29 this amendatory Act of 1997 shall be deposited into the
30 School Infrastructure Fund.
31 (e) Proceeds from the sale of Bonds, authorized by
32 Section 6 of this Act, shall be deposited in the separate
33 fund known as the Anti-Pollution Fund.
34 (f) Proceeds from the sale of Bonds, authorized by
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1 Section 7 of this Act, shall be deposited in the separate
2 fund known as the Coal Development Fund.
3 (g) Proceeds from the sale of Bonds, authorized by
4 Section 8 of this Act, shall be deposited in the Capital
5 Development Fund.
6 (h) Subsequent to the issuance of any Bonds for the
7 purposes described in Sections 2 through 8 of this Act, the
8 Governor and the Director of the Bureau of the Budget may
9 provide for the reallocation of unspent proceeds of such
10 Bonds to any other purposes authorized under said Sections of
11 this Act, subject to the limitations on aggregate principal
12 amounts contained therein. Upon any such reallocation, such
13 unspent proceeds shall be transferred to the appropriate
14 funds as determined by reference to paragraphs (a) through
15 (g) of this Section.
16 (Source: P.A. 86-453; 86-1017.)
17 Section 99. Effective date. This Act takes effect upon
18 becoming law.".
19 Submitted on November 14, 1997.
20 _________________________ ________________________________
21 Senator Weaver Representative Hannig
22 _________________________ ________________________________
23 Senator Rauschenberger Representative Woolard
24 _________________________ ________________________________
25 Senator Maitland Representative Burke
26 _________________________ ________________________________
27 Senator Trotter Representative Churchill
28 _________________________ ________________________________
29 Senator Welch Representative Daniels
30 Committee for the Senate Committee for the House