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91_HB1369
LRB9103981DJpr
1 AN ACT concerning the Illinois State Toll Highway
2 Authority.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Highway Code is amended by
6 adding Section 4-219 as follows:
7 (605 ILCS 5/4-219 new)
8 Sec. 4-219. Transfer of property from the Illinois State
9 Toll Highway Authority. On or before December 31, 2000, the
10 Illinois State Toll Highway Authority shall transfer all of
11 its records, documents, property, and assets to the
12 Department. The Department shall succeed to all rights and
13 interests of the Illinois State Toll Highway Authority at the
14 close of the Illinois State Toll Highway Authority's business
15 on December 31, 2000, including any right or interest
16 relating to any cause of action then in existence. The
17 Department shall take over management and operation of the
18 existing toll highways in the State and shall be authorized
19 to establish tolls, rates, and charges for use of the
20 highways and pledge the income from the toll highways, after
21 maintenance and operation costs, to the outstanding
22 indebtedness incurred by the Illinois State Toll Highway
23 Authority.
24 Section 10. The Toll Highway Act is amended by adding
25 Section 40 as follows:
26 (605 ILCS 10/40 new)
27 Sec. 40. Abolishing the Authority.
28 (a) It is the intention and purpose of this amendatory
29 Act of the 91st General Assembly that the Authority shall be
-2- LRB9103981DJpr
1 abolished and the terms of its chairman and directors holding
2 office shall expire on January 1, 2001. At that time, the
3 management and operation of the existing toll highways shall
4 be transferred to the Illinois Department of Transportation.
5 (b) All duties and obligations, together with all
6 records, documents, property, and assets of the Authority
7 shall be transferred to the Illinois Department of
8 Transportation at the close of business on December 31, 2000.
9 (c) All powers of the Authority, including the power to
10 issue bonds, shall be transferred to the Illinois Department
11 of Transportation at the close of business on December 31,
12 2000.
13 (d) All employees of the Authority on December 31, 2000
14 shall become employees of the Illinois Department of
15 Transportation, subject to layoff or reorganization by the
16 Illinois Department of Transportation.
17 (e) On or before December 31, 2000, the Authority shall
18 terminate the Illinois State Toll Highway Authority Defined
19 Benefit Pension Plan and distribute the assets of the plan in
20 accordance with the terms of the plan and any other
21 requirements imposed by State or federal law.
22 (f) On and after January 1, 2001, the advisory committee
23 created under Section 3.1 shall meet with the Illinois
24 Department of Transportation and shall advise it on all
25 matters relating to policy and the administration of the toll
26 highway system.