IL HB5226 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the State Finance Act to create the Illiana Expressway Project Fund and the SouthEast Service Line Project Fund. Amends the Toll Highway Act. Provides that beginning with the fiscal year beginning July 1, 2013, $2,000,000 of all toll revenue generated each year by toll booths located in the 29th, 30th, 33rd, and 38th representative districts and in the 15th and 30th senatorial districts as they exist on the effective date of the amendatory Act shall be used in the following manner: (i) $1,000,000 shall be deposited into the Illiana Expressway Project Fund; and (ii) $1,000,000 shall be deposited into the SouthEast Service Line Project Fund. Provides that moneys in the Illiana Expressway Project Fund shall be used, subject to appropriation by the General Assembly and distribution by the Department of Transportation, to fund the debt service portion of the bond funding of the Illiana Expressway project, and that in the event that the Illiana Expressway project advances by means of exclusively private funding, moneys in the Illiana Expressway Project Fund shall be deposited into the SouthEast Service Line Project Fund. Provides that moneys in the SouthEast Service Line Project Fund shall be used, subject to appropriation by the General Assembly and distribution by the Regional Transportation Authority, to fund the debt service portion of the bond funding of the SouthEast Service line project, and that in the event that the SouthEast Service line project advances by means of exclusively private funding, moneys in the SouthEast Service Line Project Fund shall be deposited into the Illiana Expressway Project Fund. Provides that the new provisions may not be applied in a manner that impairs the rights of bondholders pursuant to any resolution or trust indentures authorizing the issuance of bonds of the Authority. Repeals the new provisions on July 1, 2047.
Title
TOLL HWY:TOLL FUNDS ALLOTMENT
Sponsors
History
Date | Chamber | Action |
---|---|---|
2013-01-08 | House | Session Sine Die |
2012-03-09 | House | Rule 19(a) / Re-referred to Rules Committee |
2012-03-07 | House | Remains in Tollway Oversight Committee |
2012-03-07 | House | Motion Do Pass - Lost Tollway Oversight Committee; 005-003-000 |
2012-02-27 | House | Assigned to Tollway Oversight Committee |
2012-02-08 | House | Referred to Rules Committee |
2012-02-08 | House | First Reading |
2012-02-08 | House | Filed with the Clerk by Rep. Thaddeus Jones |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
30 | 105 | 5.811 | New Code | See Bill Text |
30 | 105 | 5.812 | New Code | See Bill Text |
605 | 10 | 40 | New Code | See Bill Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5226&GAID=11&DocTypeID=HB&SessionID=84&GA=97 |
Text | https://www.ilga.gov/legislation/97/HB/09700HB5226.htm |