92nd General Assembly
Summary of HB0670
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Status
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