House Sponsors: MCGUIRE, O'BRIEN, BOLAND, TURNER,ART, BRUNSVOLD, NOVAK, WINTERS, SCOTT, MAUTINO, OSTERMAN, REITZ, LYONS,JOSEPH, SLONE, GARRETT, HARTKE, RYAN, HAMOS, BRADY, HOFFMAN, SCHOENBERG, COLLINS, MCKEON, GILES, ERWIN, FRITCHEY, SOTO, MCAULIFFE, SAVIANO, JEFFERSON AND BROSNAHAN. Short description: DOT-BUILD IL TRANSIT PROG Synopsis of Bill as introduced: Amends the Department of Transportation Law of the Civil Administrative Code of Illinois, the State Finance Act, and the General Obligation Bond Act. Requires the Department to establish the Build Illinois Transit Program for the construction and acquisition of property and equipment for new mass transportation facilities and new or expanded mass transportation service by the State, a public or private entity, or 2 or more of these entities. Provides that the Department may (i) enter into contracts for new mass transportation facilities and new or expanded mass transportation service and (ii) make grants to units of local government and mass transit carriers. Lists specific projects to be funded and the specific funding amounts for fiscal years 2002 through 2006. Creates special funds within the State treasury for these purposes and to provide supplemental operating funds to entities authorized to provide and promote public transportation within the State for new or expanded mass transportation service and facilities created under the Build Illinois Transit Program. Increases by $4,325,000,000 the State's general bond authorization for mass transportation facilities under the Build Illinois Transit Program. Requires transfers from the General Revenue Fund to one of the newly-created special funds for the payment of the principal and interest on the bonds. Effective July 1, 2001. STATE DEBT NOTE (Economic and Fiscal Commission) HB 670 would increase: General Obligation principal by $4.325 billion Potential General Obligation principal by $7.841 billion Annual debt service by $ 322 million FISCAL NOTE (Department of Transportation) HB 670 calls for the annual transfer of $354.8 million from GRF to the Build Illinois Transit Program Fund for debt service and of $817 million from GRF to the Build Illinois Operations Pro- gram Fund to support new and expanded transit operations. HOUSE AMENDMENT NO. 1. Deletes reference to: 30 ILCS 105/5.545 new 30 ILCS 105/5.546 new 30 ILCS 105/6z-51 new Adds reference to: 30 ILCS 105/5.570 new 30 ILCS 105/5.571 new 30 ILCS 105/6z-60 new Deletes everything. Amends the Department of Transportation Law of the Civil Administrative Code of Illinois, the State Finance Act, and the General Obligation Bond Act. Requires the Department to establish the Build Illinois Transit Program for the construction and acquisition of property and equipment for new mass transportation facilities and new or expanded mass transportation service by the State, a public or private entity, or 2 or more of these entities. Provides that the Department may (i) enter into contracts for new mass transportation facilities and new or expanded mass transportation service and (ii) make grants to units of local government and mass transit carriers. Lists specific projects to be funded and the specific funding amounts for fiscal years 2004 through 2008. Creates special funds within the State treasury for these purposes and to provide supplemental operating funds to entities authorized to provide and promote public transportation within the State for new or expanded mass transportation service and facilities created under the Build Illinois Transit Program. Increases by $5,800,000,000 the State's general bond authorization for mass transportation facilities under the Build Illinois Transit Program. Requires transfers from the General Revenue Fund to one of the newly-created special funds for the payment of the principal and interest on the bonds. Effective July 1, 2002. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status