House Sponsors: SCHOENBERG-HOEFT-FRANKS-MORROW-GARRETT, LANG, MAY AND LYONS,JOSEPH. Short description: TOLL HWY-CONTINUING APPROP Synopsis of Bill as introduced: Amends the Toll Highway Act. Provides that the Act constitutes an irrevocable and continuing appropriation from the Illinois State Toll Highway Authority Fund for amounts to pay principal, interest, and other bond expenses and obligations (instead of the Fund being considered always appropriated for the purposes of repayment of debt service and other bond obligations). Provides that all other expenses, including ordinary and contingent expenses, are subject to annual appropriation. Provides that, before bonds may be issued for or construction may be commenced on any new segment of toll highway, the issuance of bonds for or the commencement of construction of that particular segment must be approved by law (rather than authorized by joint resolution of the General Assembly). Provides that any general increase in toll rates must have the prior approval of the General Assembly by a three-fifths majority vote. Provides that the State guarantees payment of bonds issued before the effective date of the amendatory Act, and requires the Authority to maintain a debt service fund with respect to revenue bonds outstanding on the effective date of this amendatory Act. STATE MANDATES NOTE (Dept. of Commerce and Community Affairs) In the opinion of DCCA, HB 135 does not create a State mandate under the State Mandates Act. FISCAL NOTE (Department of Transportation) This legislation directly impacts the Illinois State Toll High- way Authority and does not impact the Illinois Department of Transportation. Therefore, there is no fiscal impact to IDOT. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status