House Sponsors: NOVAK-SAVIANO-SCHOENBERG-ERWIN-BRUNSVOLD, KENNER AND PERSICO. Senate Sponsors: DILLARD-SMITH-DELEO Short description: METRO PIER & EXPO AUTHORITY Synopsis of Bill as introduced: Amends the Metropolitan Pier and Exposition Authority Act. Makes technical changes in a Section concerning the short title. SENATE AMENDMENT NO. 1. Adds an immediate effective date. SENATE AMENDMENT NO. 2. Deletes reference to: 70 ILCS 210/1 Adds reference to: 30 ILCS 105/5.545 new 30 ILCS 105/6z-51 new 30 ILCS 105/8.25f from Ch. 127, par. 144.25f 35 ILCS 105/9 from Ch. 120, par. 439.9 35 ILCS 110/9 from Ch. 120, par. 439.39 35 ILCS 115/9 from Ch. 120, par. 439.109 35 ILCS 120/3 from Ch. 120, par. 442 35 ILCS 130/29 from Ch. 120, par. 453.29 70 ILCS 210/5 from Ch. 85, par. 1225 70 ILCS 210/10 from Ch. 85, par. 1230 70 ILCS 210/13.2 from Ch. 85, par. 1233.2 70 ILCS 210/23.1 from Ch. 85, par. 1243.1 Deletes everything. Amends the State Finance Act, the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Increases the maximum amounts of occupation and use taxes that may be deposited into the McCormick Place Expansion Fund in fiscal years 2001 until 2013. Provides for the deposit of additional amounts into the McCormick Place Expansion Fund in fiscal years 2014 to 2042 (now, additional amounts may be deposited until fiscal year 2029). Amends the Metropolitan Pier and Exposition Authority Act. Provides that the maximum price of certain Expansion Project contracts may not be in excess of funds that are authorized to be made available for those purposes (now, the contract price may not be in excess of funds that are authorized to be made available for those purposes pursuant to an amendatory Act of 1991). Provides that the legislative members of the McCormick Place Advisory Board shall be appointed as follows: 2 State Senators appointed by the President of the Senate; 2 State Senators appointed by the Minority Leader of the Senate; 2 State Representatives appointed by the Speaker of the House; and 2 State Representatives appointed by the Minority Leader of the House (now, 7 State Senators are appointed by the President of the Senate and 7 State Representatives are appointed by the Speaker of the House). Provides that the Mayor of Chicago and the Governor each appoint 2 members. Eliminates the members appointed by the Authority. Provides that bonds issued by the Metropolitan Pier and Exposition Authority may mature at a time not exceeding 40 years (now, 35 years) after their issuance. Provides that the aggregate principal amount of bonds issued by the Authority may not exceed $2,107,000,000 (now, $1,307,000,000). Amends the Cigarette Tax Act. Provides that in fiscal year 2002 and each fiscal year thereafter the first $4,800,000 from the tax must be deposited into the Statewide Economic Development Fund (now, the first $4,800,000 from the tax must be deposited in the Metropolitan Fair and Exposition Authority Reconstruction Fund). Amends the State Finance Act to create the Statewide Economic Development Fund and to provide for the expenditure of moneys in the fund, subject to appropriation, for statewide economic development activities. Provides that provisions of the bill are inseverable. Effective immediately. Last action on Bill: PUBLIC ACT.............................. 92-0208 Last action date: AUG-02-2001 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 2 END OF INQUIRY Full Text Bill Status