92nd General Assembly
Status of SB2047
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   605 ILCS 10/8.1 new                                                         
   605 ILCS 10/16.2 new                                                        
   605 ILCS 10/17            from Ch. 121, par. 100-17                         
   605 ILCS 10/21.1 new                                                        

        Amends the Toll Highway Act.  Requires the Toll Highway Authority      
   to appoint an  Inspector  General  to  investigate  waste,  fraud,  or      
   financial  mismanagement  in  Authority operations involving Authority      
   employees or contractors.  Provides for the Inspector General's powers      
   and duties.  Makes failure to cooperate in  specified  ways  with  the      
   investigation  a Class A misdemeanor.  Requires competitive bidding of      
   Authority bond issuance service contracts over $25,000.  Requires  the      
   Authority  to use all surplus revenues to fund construction or repairs      
   before  issuing  bonds  to  finance  those  activities.  Requires  the      
   Authority to structure financing of new tollways  and  refinancing  of      
   debt  to  facilitate  conversion of tollways into free State highways.      
   Requires the Authority to report a schedule of that conversion to  the      
   Governor and General Assembly every 2 years. Effective immediately.         
   FEB-07-2002  S  FIRST READING                                                  
   FEB-07-2002  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary