90th General Assembly
Summary of HB3787
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House Sponsors:
GASH.

Short description: 
TOLL HIGHWAY-BUDGET APPROVAL                                               

Synopsis of Bill as introduced:
        Amends the Toll Highway Act to require the Toll Highway Authority      
   to make an annual budget request to the General Assembly, and provides      
   that the Authority may  make  no  expenditures  from  the  State  Toll      
   Highway Authority Fund until the General Assembly makes appropriations      
   from the Fund to the Authority.                                             
          FISCAL NOTE (Illinois State Toll Highway Authority)                  
          Increased interest cost to tollpayers for refunding outstand-        
          ing bonds totals approximately $28 M; outstanding debt of over       
          $900 M would become a contingent liability of the State and          
          impact the State's credit.                                           
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

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


   END OF INQUIRY 



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