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92_HB4581sam001
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1 AMENDMENT TO HOUSE BILL 4581
2 AMENDMENT NO. . Amend House Bill 4581 by deleting
3 everything after the enacting clause and inserting in lieu
4 thereof the following:
5 "ARTICLE 1
6 Section 5. The General Obligation Bond Act is amended by
7 changing Sections 2, 3 and 6 as follows:
8 (30 ILCS 330/2) (from Ch. 127, par. 652)
9 Sec. 2. Authorization for Bonds. The State of Illinois
10 is authorized to issue, sell and provide for the retirement
11 of General Obligation Bonds of the State of Illinois for the
12 categories and specific purposes expressed in Sections 2
13 through 8 of this Act, in the total amount of $16,908,149,369
14 $15,265,007,500.
15 The bonds authorized in this Section 2 and in Section 16
16 of this Act are herein called "Bonds".
17 Of the total amount of Bonds authorized in this Act, up
18 to $2,200,000,000 in aggregate original principal amount may
19 be issued and sold in accordance with the Baccalaureate
20 Savings Act in the form of General Obligation College Savings
21 Bonds.
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1 Of the total amount of Bonds authorized in this Act, up
2 to $300,000,000 in aggregate original principal amount may be
3 issued and sold in accordance with the Retirement Savings Act
4 in the form of General Obligation Retirement Savings Bonds.
5 The issuance and sale of Bonds pursuant to the General
6 Obligation Bond Act is an economical and efficient method of
7 financing the capital needs of the State. This Act will
8 permit the issuance of a multi-purpose General Obligation
9 Bond with uniform terms and features. This will not only
10 lower the cost of registration but also reduce the overall
11 cost of issuing debt by improving the marketability of
12 Illinois General Obligation Bonds.
13 (Source: P.A. 91-39, eff. 6-15-99; 91-53, eff 6-30-99;
14 91-710, eff. 5-17-00; 92-13, eff. 6-22-01.)
15 (30 ILCS 330/3) (from Ch. 127, par. 653)
16 Sec. 3. Capital Facilities. The amount of $7,320,235,369
17 $6,626,093,492 is authorized to be used for the acquisition,
18 development, construction, reconstruction, improvement,
19 financing, architectural planning and installation of capital
20 facilities within the State, consisting of buildings,
21 structures, durable equipment, land, and interests in land
22 for the following specific purposes:
23 (a) $2,211,228,000 $1,880,077,346 for educational
24 purposes by State universities and colleges, the Illinois
25 Community College Board created by the Public Community
26 College Act and for grants to public community colleges
27 as authorized by Sections 5-11 and 5-12 of the Public
28 Community College Act;
29 (b) $1,607,420,000 $1,584,450,168 for correctional
30 purposes at State prison and correctional centers;
31 (c) $531,175,000 $496,685,786 for open spaces,
32 recreational and conservation purposes and the protection
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1 of land;
2 (d) $589,917,000 $556,926,486 for child care
3 facilities, mental and public health facilities, and
4 facilities for the care of disabled veterans and their
5 spouses;
6 (e) $1,455,990,000 $1,290,153,341 for use by the
7 State, its departments, authorities, public corporations,
8 commissions and agencies;
9 (f) $818,100 for cargo handling facilities at port
10 districts and for breakwaters, including harbor
11 entrances, at port districts in conjunction with
12 facilities for small boats and pleasure crafts;
13 (g) $204,657,000 $198,657,796 for water resource
14 management projects;
15 (h) $16,940,269 for the provision of facilities for
16 food production research and related instructional and
17 public service activities at the State universities and
18 public community colleges;
19 (i) $36,000,000 for grants by the Secretary of
20 State, as State Librarian, for central library facilities
21 authorized by Section 8 of the Illinois Library System
22 Act and for grants by the Capital Development Board to
23 units of local government for public library facilities;
24 (j) $25,000,000 for the acquisition, development,
25 construction, reconstruction, improvement, financing,
26 architectural planning and installation of capital
27 facilities consisting of buildings, structures, durable
28 equipment and land for grants to counties, municipalities
29 or public building commissions with correctional
30 facilities that do not comply with the minimum standards
31 of the Department of Corrections under Section 3-15-2 of
32 the Unified Code of Corrections;
33 (k) $5,000,000 for grants in fiscal year 1988 by
34 the Department of Conservation for improvement or
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1 expansion of aquarium facilities located on property
2 owned by a park district;
3 (l) $432,590,000 $367,584,200 to State agencies for
4 grants to local governments for the acquisition,
5 financing, architectural planning, development,
6 alteration, installation, and construction of capital
7 facilities consisting of buildings, structures, durable
8 equipment, and land; and
9 (m) $203,500,000 $167,800,000 for the Illinois Open
10 Land Trust Program as defined by the Illinois Open Land
11 Trust Act.
12 The amounts authorized above for capital facilities may
13 be used for the acquisition, installation, alteration,
14 construction, or reconstruction of capital facilities and for
15 the purchase of equipment for the purpose of major capital
16 improvements which will reduce energy consumption in State
17 buildings or facilities.
18 (Source: P.A. 91-39, 6-15-99; 91-53, eff. 6-30-99; 91-710,
19 eff. 5-17-00; 92-13, eff. 6-22-01.)
20 (30 ILCS 330/5) (from Ch. 127, par. 655)
21 Sec. 5. School Construction.
22 (a) The amount of $58,450,000 is authorized to make
23 grants to local school districts for the acquisition,
24 development, construction, reconstruction, rehabilitation,
25 improvement, financing, architectural planning and
26 installation of capital facilities, including but not limited
27 to those required for special education building projects
28 provided for in Article 14 of The School Code, consisting of
29 buildings, structures, and durable equipment, and for the
30 acquisition and improvement of real property and interests in
31 real property required, or expected to be required, in
32 connection therewith.
33 (b) $22,550,000, or so much thereof as may be necessary,
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1 for grants to school districts for the making of principal
2 and interest payments, required to be made, on bonds issued
3 by such school districts after January 1, 1969, pursuant to
4 any indenture, ordinance, resolution, agreement or contract
5 to provide funds for the acquisition, development,
6 construction, reconstruction, rehabilitation, improvement,
7 architectural planning and installation of capital facilities
8 consisting of buildings, structures, durable equipment and
9 land for educational purposes or for lease payments required
10 to be made by a school district for principal and interest
11 payments on bonds issued by a Public Building Commission
12 after January 1, 1969.
13 (c) $10,000,000 for grants to school districts for the
14 acquisition, development, construction, reconstruction,
15 rehabilitation, improvement, architectural planning and
16 installation of capital facilities consisting of buildings
17 structures, durable equipment and land for special education
18 building projects.
19 (d) $9,000,000 for grants to school districts for the
20 reconstruction, rehabilitation, improvement, financing and
21 architectural planning of capital facilities, including
22 construction at another location to replace such capital
23 facilities, consisting of those public school buildings and
24 temporary school facilities which, prior to January 1, 1984,
25 were condemned by the regional superintendent under Section
26 3-14.22 of The School Code or by any State official having
27 jurisdiction over building safety.
28 (e) $3,050,000,000 $2,120,000,000 for grants to school
29 districts for school improvement projects authorized by the
30 School Construction Law. The bonds shall be sold in amounts
31 not to exceed the following schedule, except any bonds not
32 sold during one year shall be added to the bonds to be sold
33 during the remainder of the schedule:
34 First year...................................$200,000,000
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1 Second year..................................$450,000,000
2 Third year...................................$500,000,000
3 Fourth year..................................$500,000,000
4 Fifth year.......................$800,000,000 300,000,000
5 Sixth year and thereafter........$600,000,000 170,000,000
6 (Source: P.A. 90-549, eff. 12-8-97; 91-39, eff. 6-15-99.)
7 (30 ILCS 330/6) (from Ch. 127, par. 656)
8 Sec. 6. Anti-Pollution.
9 (a) The amount of $300,815,000 $281,815,000 is
10 authorized for allocation by the Environmental Protection
11 Agency for grants or loans to units of local government in
12 such amounts, at such times and for such purpose as the
13 Agency deems necessary or desirable for the planning,
14 financing, and construction of municipal sewage treatment
15 works and solid waste disposal facilities and for making of
16 deposits into the Water Revolving Fund and the U.S.
17 Environmental Protection Fund to provide assistance in
18 accordance with the provisions of Title IV-A of the
19 Environmental Protection Act.
20 (b) The amount of $160,500,000 is authorized for
21 allocation by the Environmental Protection Agency for payment
22 of claims submitted to the State and approved for payment
23 under the Leaking Underground Storage Tank Program
24 established in Title XVI of the Environmental Protection Act.
25 (Source: P.A. 91-39, eff. 6-15-99; 91-710, eff. 5-17-00;
26 92-13, eff. 6-22-01.)
27 ARTICLE 2
28 Section 5. The Build Illinois Bond Act is amended by
29 changing Sections 2 and 4 as follows:
30 (30 ILCS 425/2) (from Ch. 127, par. 2802)
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1 Sec. 2. Authorization for Bonds. The State of Illinois
2 is authorized to issue, sell and provide for the retirement
3 of limited obligation bonds, notes and other evidences of
4 indebtedness of the State of Illinois in the total principal
5 amount of $3,805,509,000 $3,540,715,000 herein called
6 "Bonds". Such authorized amount of Bonds shall be reduced
7 from time to time by amounts, if any, which are equal to the
8 moneys received by the Department of Revenue in any fiscal
9 year pursuant to Section 3-1001 of the "Illinois Vehicle
10 Code", as amended, in excess of the Annual Specified Amount
11 (as defined in Section 3 of the "Retailers' Occupation Tax
12 Act", as amended) and transferred at the end of such fiscal
13 year from the General Revenue Fund to the Build Illinois
14 Purposes Fund as provided in Section 3-1001 of said Code;
15 provided, however, that no such reduction shall affect the
16 validity or enforceability of any Bonds issued prior to such
17 reduction. Such amount of authorized Bonds shall be
18 exclusive of any refunding Bonds issued pursuant to Section
19 15 of this Act and exclusive of any Bonds issued pursuant to
20 this Section which are redeemed, purchased, advance refunded,
21 or defeased in accordance with paragraph (f) of Section 4 of
22 this Act. Bonds shall be issued for the categories and
23 specific purposes expressed in Section 4 of this Act.
24 (Source: P.A. 91-39, eff. 6-15-99; 91-53, eff. 6-30-99;
25 91-709, eff. 5-17-00; 92-9, eff. 6-11-01.)
26 (30 ILCS 425/4) (from Ch. 127, par. 2804)
27 Sec. 4. Purposes of Bonds. Bonds shall be issued for the
28 following purposes and in the approximate amounts as set
29 forth below:
30 (a) $2,417,000,000 $2,399,954,000 for the expenses of
31 issuance and sale of Bonds, including bond discounts, and for
32 planning, engineering, acquisition, construction,
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1 reconstruction, development, improvement and extension of the
2 public infrastructure in the State of Illinois, including:
3 the making of loans or grants to local governments for waste
4 disposal systems, water and sewer line extensions and water
5 distribution and purification facilities, rail or air or
6 water port improvements, gas and electric utility extensions,
7 publicly owned industrial and commercial sites, buildings
8 used for public administration purposes and other public
9 infrastructure capital improvements; the making of loans or
10 grants to units of local government for financing and
11 construction of wastewater facilities; refinancing or
12 retiring bonds issued between January 1, 1987 and January 1,
13 1990 by home rule municipalities, debt service on which is
14 provided from a tax imposed by home rule municipalities prior
15 to January 1, 1990 on the sale of food and drugs pursuant to
16 Section 8-11-1 of the Home Rule Municipal Retailers'
17 Occupation Tax Act or Section 8-11-5 of the Home Rule
18 Municipal Service Occupation Tax Act; the making of deposits
19 not to exceed $70,000,000 in the aggregate into the Water
20 Pollution Control Revolving Fund to provide assistance in
21 accordance with the provisions of Title IV-A of the
22 Environmental Protection Act; the planning, engineering,
23 acquisition, construction, reconstruction, alteration,
24 expansion, extension and improvement of highways, bridges,
25 structures separating highways and railroads, rest areas,
26 interchanges, access roads to and from any State or local
27 highway and other transportation improvement projects which
28 are related to economic development activities; the making of
29 loans or grants for planning, engineering, rehabilitation,
30 improvement or construction of rail and transit facilities;
31 the planning, engineering, acquisition, construction,
32 reconstruction and improvement of watershed, drainage, flood
33 control, recreation and related improvements and facilities,
34 including expenses related to land and easement acquisition,
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1 relocation, control structures, channel work and clearing and
2 appurtenant work; the making of grants for improvement and
3 development of zoos and park district field houses and
4 related structures; and the making of grants for improvement
5 and development of Navy Pier and related structures.
6 (b) $186,000,000 $139,301,500 for fostering economic
7 development and increased employment and the well being of
8 the citizens of Illinois, including: the making of grants for
9 improvement and development of McCormick Place and related
10 structures; the planning and construction of a
11 microelectronics research center, including the planning,
12 engineering, construction, improvement, renovation and
13 acquisition of buildings, equipment and related utility
14 support systems; the making of loans to businesses and
15 investments in small businesses; acquiring real properties
16 for industrial or commercial site development; acquiring,
17 rehabilitating and reconveying industrial and commercial
18 properties for the purpose of expanding employment and
19 encouraging private and other public sector investment in the
20 economy of Illinois; the payment of expenses associated with
21 siting the Superconducting Super Collider Particle
22 Accelerator in Illinois and with its acquisition,
23 construction, maintenance, operation, promotion and support;
24 the making of loans for the planning, engineering,
25 acquisition, construction, improvement and conversion of
26 facilities and equipment which will foster the use of
27 Illinois coal; the payment of expenses associated with the
28 promotion, establishment, acquisition and operation of small
29 business incubator facilities and agribusiness research
30 facilities, including the lease, purchase, renovation,
31 planning, engineering, construction and maintenance of
32 buildings, utility support systems and equipment designated
33 for such purposes and the establishment and maintenance of
34 centralized support services within such facilities; and the
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1 making of grants or loans to units of local government for
2 Urban Development Action Grant and Housing Partnership
3 programs.
4 (c) $1,052,358,100 $851,308,600 for the development and
5 improvement of educational, scientific, technical and
6 vocational programs and facilities and the expansion of
7 health and human services for all citizens of Illinois,
8 including: the making of construction and improvement grants
9 and loans to public libraries and library systems; the making
10 of grants and loans for planning, engineering, acquisition
11 and construction of a new State central library in
12 Springfield; the planning, engineering, acquisition and
13 construction of an animal and dairy sciences facility; the
14 planning, engineering, acquisition and construction of a
15 campus and all related buildings, facilities, equipment and
16 materials for Richland Community College; the acquisition,
17 rehabilitation and installation of equipment and materials
18 for scientific and historical surveys; the making of grants
19 or loans for distribution to eligible vocational education
20 instructional programs for the upgrading of vocational
21 education programs, school shops and laboratories, including
22 the acquisition, rehabilitation and installation of technical
23 equipment and materials; the making of grants or loans for
24 distribution to eligible local educational agencies for the
25 upgrading of math and science instructional programs,
26 including the acquisition of instructional equipment and
27 materials; miscellaneous capital improvements for
28 universities and community colleges including the planning,
29 engineering, construction, reconstruction, remodeling,
30 improvement, repair and installation of capital facilities
31 and costs of planning, supplies, equipment, materials,
32 services, and all other required expenses; the making of
33 grants or loans for repair, renovation and miscellaneous
34 capital improvements for privately operated colleges and
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1 universities and community colleges, including the planning,
2 engineering, acquisition, construction, reconstruction,
3 remodeling, improvement, repair and installation of capital
4 facilities and costs of planning, supplies, equipment,
5 materials, services, and all other required expenses; and the
6 making of grants or loans for distribution to local
7 governments for hospital and other health care facilities
8 including the planning, engineering, acquisition,
9 construction, reconstruction, remodeling, improvement, repair
10 and installation of capital facilities and costs of planning,
11 supplies, equipment, materials, services and all other
12 required expenses.
13 (d) $150,150,900 for protection, preservation,
14 restoration and conservation of environmental and natural
15 resources, including: the making of grants to soil and water
16 conservation districts for the planning and implementation of
17 conservation practices and for funding contracts with the
18 Soil Conservation Service for watershed planning; the making
19 of grants to units of local government for the capital
20 development and improvement of recreation areas, including
21 planning and engineering costs, sewer projects, including
22 planning and engineering costs and water projects, including
23 planning and engineering costs, and for the acquisition of
24 open space lands, including the acquisition of easements and
25 other property interests of less than fee simple ownership;
26 the acquisition and related costs and development and
27 management of natural heritage lands, including natural areas
28 and areas providing habitat for endangered species and
29 nongame wildlife, and buffer area lands; the acquisition and
30 related costs and development and management of habitat
31 lands, including forest, wildlife habitat and wetlands; and
32 the removal and disposition of hazardous substances,
33 including the cost of project management, equipment,
34 laboratory analysis, and contractual services necessary for
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1 preventative and corrective actions related to the
2 preservation, restoration and conservation of the
3 environment, including deposits not to exceed $60,000,000 in
4 the aggregate into the Hazardous Waste Fund and the
5 Brownfields Redevelopment Fund for improvements in accordance
6 with the provisions of Titles V and XVII of the Environmental
7 Protection Act.
8 (e) The amount specified in paragraph (a) above shall
9 include an amount necessary to pay reasonable expenses of
10 each issuance and sale of the Bonds, as specified in the
11 related Bond Sale Order (hereinafter defined).
12 (f) Any unexpended proceeds from any sale of Bonds which
13 are held in the Build Illinois Bond Fund may be used to
14 redeem, purchase, advance refund, or defease any Bonds
15 outstanding.
16 (Source: P.A. 91-39, eff. 6-15-99; 91-53, eff. 6-30-99;
17 91-709, eff. 5-17-00; 92-9, eff. 6-11-01.)
18 Section 99. Effective date. This Act takes effect upon
19 becoming law.".