92nd General Assembly
Summary of SB1581
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Senate Sponsors:
DEL VALLE.

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 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: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status