90th General Assembly
Summary of HB2321
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House Sponsors:
MADIGAN,MJ-SCHOENBERG-GASH-CROTTY AND LANG.

Short description: 
TOLL HWY ACT-APPROPRIATIONS                                                

Synopsis of Bill as introduced:
        Amends the Toll Highway Act.  Provides that  the  Illinois  State      
   Toll  Highway  Authority  Fund shall be considered always appropriated      
   for  the  purposes  of  repayment  of  debt  service  and  other  bond      
   obligations (instead of for the purposes of disbursements).   Provides      
   that  the ordinary and contingent expenses for the Illinois State Toll      
   Highway  Authority's  annual  operations   are   subject   to   annual      
   appropriation by the General Assembly for each fiscal year.                 
          STATE DEBT IMPACT NOTE                                               
          HB2321 would not affect the Toll Highway Authority's bonding         
          authorization and has no direct impact on State indebtedness.        
          PENSION IMPACT NOTE                                                  
          HB 2321 has no fiscal impact on any public pension fund or re-       
          tirement system.                                                     
        HOUSE AMENDMENT NO. 1.                                                 
        Deletes everything after the enacting clause.   Amends  the  same      
   Section of the Toll Highway Act to make a technical change.                 
          STATE DEBT IMPACT NOTE, AMENDED                                      
          No change from previous State Debt Impact note.                      
          FISCAL NOTE (Bureau of the Budget)                                   
          There will be no direct impact on State expenditures or reve-        
          nues. Indirect costs on the expenditures and revenues and on         
          the State itself could be significant.                               
          FISCAL NOTE, AMENDED (Bureau of the Budget)                          
          HB2321 does not make substantive changes which increase or           
          decrease State expenditures or revenues.                             
          FISCAL NOTE, H-AM 2 (Bureau of the Budget)                           
          No change from BOB fiscal note, as introduced.                       
          PENSION IMPACT NOTE, AMENDED                                         
          No change from previous pension note.                                
          STATE DEBT IMPACT NOTE, H-AM 2                                       
          No change from previous State debt note.                             
          STATE DEBT IMPACT NOTE, H-AM 3                                       
          No change from previous State debt note.                             
        HOUSE AMENDMENT NO. 2.                                                 
          Adds reference to:                                                   
          605 ILCS 10/18                  from Ch. 121, par. 100-18            
        Provides  that  the  Toll  Highway  Act   shall   constitute   an      
   irrevocable  and continuing appropriation from the Illinois State Toll      
   Highway Authority Fund for amounts to  pay  principal,  interest,  and      
   other  bond  expenses  and  obligations  (instead  of  the  Fund being      
   considered always appropriated for the purposes of repayment  of  debt      
   service   and  other  bond  obligations).   Provides  that  all  other      
   expenses, including ordinary and contingent expenses, are  subject  to      
   annual  appropriation  by  the General Assembly from the Fund (or from      
   other funds  as  provided  under  a  Section  of  the  Act  concerning      
   repayment  of  State  funds)  for  each  fiscal  year  (instead of the      
   ordinary and contingent expenses being subject to annual appropriation      
   for each fiscal year).  Provides that only those amounts  appropriated      
   to  the  Authority other than from the Fund shall be repaid. Effective      
   immediately.                                                                
        HOUSE AMENDMENT NO. 4.                                                 
        Deletes the effective date provision.                                  
 
Last action on Bill: THIRD READING/STANDARD DEBATE/LOST       059-048-003

   Last action date: 97-10-30

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   3     SENATE -   0


   END OF INQUIRY 




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