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92_HB3171 LRB9207290DHcs 1 AN ACT concerning highways. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Illinois Highway Code is amended by 5 adding Section 4-219 as follows: 6 (605 ILCS 5/4-219 new) 7 Sec. 4-219. Transfer of property from the Illinois State 8 Toll Highway Authority. On or before December 31, 2001, the 9 Illinois State Toll Highway Authority shall transfer all of 10 its records, documents, property, and assets to the 11 Department. The Department shall succeed to all rights and 12 interests of the Illinois State Toll Highway Authority at the 13 close of the Illinois State Toll Highway Authority's business 14 on December 31, 2001, including any right or interest 15 relating to any cause of action then in existence. The 16 Department shall take over management and operation of the 17 existing toll highways in the State and shall be authorized 18 to establish tolls, rates, and charges for use of the 19 highways and pledge the income from the toll highways, after 20 maintenance and operation costs, to the outstanding 21 indebtedness incurred by the Illinois State Toll Highway 22 Authority. 23 Section 10. The Toll Highway Act is amended by adding 24 Section 40 as follows: 25 (605 ILCS 10/40 new) 26 Sec. 40. Abolishing the Authority. 27 (a) It is the intention and purpose of this amendatory 28 Act of the 92nd General Assembly that the Authority shall be 29 abolished and the terms of its chairman and directors holding -2- LRB9207290DHcs 1 office shall expire on January 1, 2002. At that time, the 2 management and operation of the existing toll highways shall 3 be transferred to the Illinois Department of Transportation. 4 (b) All duties and obligations, together with all 5 records, documents, property, and assets, of the Authority 6 shall be transferred to the Illinois Department of 7 Transportation at the close of business on December 31, 2001. 8 (c) All powers of the Authority, including the power to 9 issue bonds, shall be transferred to the Illinois Department 10 of Transportation at the close of business on December 31, 11 2001. 12 (d) All employees of the Authority on December 31, 2001 13 shall become employees of the Illinois Department of 14 Transportation, subject to layoff or reorganization by the 15 Illinois Department of Transportation. 16 (e) On or before December 31, 2001, the Authority shall 17 terminate the Illinois State Toll Highway Authority Defined 18 Benefit Pension Plan and distribute the assets of the plan in 19 accordance with the terms of the plan and any other 20 requirements imposed by State or federal law. 21 (f) On and after January 1, 2002, the advisory committee 22 created under Section 3.1 shall meet with the Illinois 23 Department of Transportation and shall advise it on all 24 matters relating to policy and the administration of the toll 25 highway system. By January 1, 2013, the advisory committee 26 shall provide recommendations to the Illinois Department of 27 Transportation regarding the existing toll highways becoming 28 freeways by January 1, 2013 or sooner. 29 Section 99. Effective date. This Act takes effect upon 30 becoming law.