Bill Title: Amends the State Finance Act. Changes the name of the State Rail Freight Loan Repayment Fund to the State Rail Freight Fund. Creates the Building Our Economy Transportation Fund. Provides that money in the Road Fund shall be used for public transportation and for the payment of debts incurred in construction of public transportation facilities. Amends the Motor Fuel Tax Law. Provides that an amount of the motor fuel tax shall be deposited into the Building Our Economy Transportation Fund. Amends the Illinois Highway Code. Provides that a county board or municipality may use motor fuel tax money for construction of public transportation facilities. Effective immediately.

Spectrum: Partisan Bill (Democrat 18-0)

Status: (Introduced - Dead) 2011-05-03 - Third Reading - Lost; 018-031-002 [SB1258 Detail]

Text: Latest bill text (Amended) [HTML]

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