SB 3255

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Full Text of SB3255
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	SB3255 - 104th General Assembly
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		SB3255 Enrolled		LRB104 19081 KTG 32526 b
1    AN ACT concerning State government.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4Article 1.
5    Section 1-1. This Act may be referred to as the Bond
6Authorization Act of 2026.
7Article 5.
8    Section 5-5. The State Finance Act is amended by changing
9Section 6z-78 as follows:
10    (30 ILCS 105/6z-78)
11    Sec. 6z-78. Capital Projects Fund; bonded indebtedness;
12transfers. Money in the Capital Projects Fund shall, if and
13when the State of Illinois incurs any bonded indebtedness
14using the bond authorizations for capital projects enacted in
15Public Act 96-36, Public Act 96-1554, Public Act 97-771,
16Public Act 98-94, [and] Public Act 103-591, and this amendatory 
17Act of the 104th General Assembly and using the general
18obligation bond authorizations for capital projects enacted in
19Public Act 101-30, Public Act 103-7, and Public Act 104-8 [this ]
20[amendatory Act of the 104th General Assembly], be set aside and
		SB3255 Enrolled	- 2 -	LRB104 19081 KTG 32526 b
1used for the purpose of paying and discharging annually the
2principal and interest on that bonded indebtedness then due
3and payable.
4    In addition to other transfers to the General Obligation
5Bond Retirement and Interest Fund made pursuant to Section 15
6of the General Obligation Bond Act, upon each delivery of
7general obligation bonds for capital projects using bond
8authorizations enacted in Public Act 96-36, Public Act
996-1554, Public Act 97-771, Public Act 98-94, Public Act
10101-30 (except for amounts in Public Act 101-30 that increase
11bond authorization under paragraph (1) of subsection (a) of
12Section 4 and subsection (e) of Section 4 of the General
13Obligation Bond Act), Public Act 103-7, Public Act 103-591,
14Public Act 104-8, and this amendatory Act of the 104th General
15Assembly, the State Comptroller shall compute and certify to
16the State Treasurer the total amount of principal of, interest
17on, and premium, if any, on such bonds during the then current
18and each succeeding fiscal year. With respect to the interest
19payable on variable rate bonds, such certifications shall be
20calculated at the maximum rate of interest that may be payable
21during the fiscal year, after taking into account any credits
22permitted in the related indenture or other instrument against
23the amount of such interest required to be appropriated for
24the period.
25    (a) Except as provided for in subsection (b), on or before
26the last day of each month, the State Treasurer and State
		SB3255 Enrolled	- 3 -	LRB104 19081 KTG 32526 b
1Comptroller shall transfer from the Capital Projects Fund to
2the General Obligation Bond Retirement and Interest Fund an
3amount sufficient to pay the aggregate of the principal of,
4interest on, and premium, if any, on the bonds payable on their
5next payment date, divided by the number of monthly transfers
6occurring between the last previous payment date (or the
7delivery date if no payment date has yet occurred) and the next
8succeeding payment date. Interest payable on variable rate
9bonds shall be calculated at the maximum rate of interest that
10may be payable for the relevant period, after taking into
11account any credits permitted in the related indenture or
12other instrument against the amount of such interest required
13to be appropriated for that period. Interest for which moneys
14have already been deposited into the capitalized interest
15account within the General Obligation Bond Retirement and
16Interest Fund shall not be included in the calculation of the
17amounts to be transferred under this subsection.
18    (b) On or before the last day of each month, the State
19Treasurer and State Comptroller shall transfer from the
20Capital Projects Fund to the General Obligation Bond
21Retirement and Interest Fund an amount sufficient to pay the
22aggregate of the principal of, interest on, and premium, if
23any, on the bonds issued prior to January 1, 2012 pursuant to
24Section 4(d) of the General Obligation Bond Act payable on
25their next payment date, divided by the number of monthly
26transfers occurring between the last previous payment date (or
		SB3255 Enrolled	- 4 -	LRB104 19081 KTG 32526 b
1the delivery date if no payment date has yet occurred) and the
2next succeeding payment date. If the available balance in the
3Capital Projects Fund is not sufficient for the transfer
4required in this subsection, the State Treasurer and State
5Comptroller shall transfer the difference from the Road Fund
6to the General Obligation Bond Retirement and Interest Fund;
7except that such Road Fund transfers shall constitute a debt
8of the Capital Projects Fund which shall be repaid according
9to subsection (c). Interest payable on variable rate bonds
10shall be calculated at the maximum rate of interest that may be
11payable for the relevant period, after taking into account any
12credits permitted in the related indenture or other instrument
13against the amount of such interest required to be
14appropriated for that period. Interest for which moneys have
15already been deposited into the capitalized interest account
16within the General Obligation Bond Retirement and Interest
17Fund shall not be included in the calculation of the amounts to
18be transferred under this subsection.
19    (c) On the first day of any month when the Capital Projects
20Fund is carrying a debt to the Road Fund due to the provisions
21of subsection (b), the State Treasurer and State Comptroller
22shall transfer from the Capital Projects Fund to the Road Fund
23an amount sufficient to discharge that debt. These transfers
24to the Road Fund shall continue until the Capital Projects
25Fund has repaid to the Road Fund all transfers made from the
26Road Fund pursuant to subsection (b). Notwithstanding any
		SB3255 Enrolled	- 5 -	LRB104 19081 KTG 32526 b
1other law to the contrary, transfers to the Road Fund from the
2Capital Projects Fund shall be made prior to any other
3expenditures or transfers out of the Capital Projects Fund.
4(Source: P.A. 103-7, eff. 7-1-23; 103-591, eff. 7-1-24; 104-8,
5eff. 1-1-26.)
6Article 10.
7    Section 10-5. The General Obligation Bond Act is amended
8by changing Sections 2, 3, 4, 6, and 7 as follows:
9    (30 ILCS 330/2)  (from Ch. 127, par. 652)
10    Sec. 2. Authorization for Bonds. The State of Illinois is
11authorized to issue, sell and provide for the retirement of
12General Obligation Bonds of the State of Illinois for the
13categories and specific purposes expressed in Sections 2
14through 8 of this Act, in the total amount of $85,137,839,969
15[$82,664,839,969].
16    The bonds authorized in this Section 2 and in Section 16 of
17this Act are herein called "Bonds".
18    Of the total amount of Bonds authorized in this Act, up to
19$2,200,000,000 in aggregate original principal amount may be
20issued and sold in accordance with the Baccalaureate Savings
21Act in the form of General Obligation College Savings Bonds.
22    Of the total amount of Bonds authorized in this Act, up to
23$300,000,000 in aggregate original principal amount may be
		SB3255 Enrolled	- 6 -	LRB104 19081 KTG 32526 b
1issued and sold in accordance with the Retirement Savings Act
2in the form of General Obligation Retirement Savings Bonds.
3    Of the total amount of Bonds authorized in this Act, the
4additional $10,000,000,000 authorized by Public Act 93-2, the
5$3,466,000,000 authorized by Public Act 96-43, and the
6$4,096,348,300 authorized by Public Act 96-1497 shall be used
7solely as provided in Section 7.2.
8    Of the total amount of Bonds authorized in this Act, the
9additional $6,000,000,000 authorized by Public Act 100-23
10shall be used solely as provided in Section 7.6 and shall be
11issued by December 31, 2017.
12    Of the total amount of Bonds authorized in this Act,
13$2,200,000,000 of the additional amount authorized by Public
14Act 100-587, Public Act 102-718, and Public Act 104-8 [this ]
15[amendatory Act of the 104th General Assembly] shall be used
16solely as provided in Section 7.7.
17    The issuance and sale of Bonds pursuant to the General
18Obligation Bond Act is an economical and efficient method of
19financing the long-term capital needs of the State. This Act
20will permit the issuance of a multi-purpose General Obligation
21Bond with uniform terms and features. This will not only lower
22the cost of registration but also reduce the overall cost of
23issuing debt by improving the marketability of Illinois
24General Obligation Bonds.
25(Source: P.A. 103-7, eff. 7-1-23; 103-591, eff. 7-1-24; 104-8,
26eff. 1-1-26.)
		SB3255 Enrolled	- 7 -	LRB104 19081 KTG 32526 b
1    (30 ILCS 330/3)  (from Ch. 127, par. 653)
2    Sec. 3. Capital facilities. The amount of $23,642,011,269
3[$21,769,011,269] is authorized to be used for the acquisition,
4development, construction, reconstruction, improvement,
5demolition, financing, architectural planning and installation
6of capital facilities within the State, consisting of
7buildings, structures, durable equipment, land, interests in
8land, and the costs associated with the purchase and
9implementation of information technology, including but not
10limited to the purchase of hardware and software, for the
11following specific purposes:
12        (a) $7,408,676,500 [$6,908,676,500] for educational
13    purposes by State universities and public community
14    colleges, the Illinois Community College Board created by
15    the Public Community College Act and for grants to public
16    community colleges as authorized by Sections 5-11 and 5-12
17    of the Public Community College Act;
18        (b) $2,590,506,300 for correctional purposes at State
19    prison and correctional centers;
20        (c) $751,492,300 for open spaces, recreational and
21    conservation purposes and the protection of land,
22    including expenditures and grants for the Illinois
23    Conservation Reserve Enhancement Program and for ecosystem
24    restoration and for plugging of abandoned wells;
25        (d) $1,078,503,900 for State child care facilities,
		SB3255 Enrolled	- 8 -	LRB104 19081 KTG 32526 b
1    mental and public health facilities, and facilities for
2    the care of veterans with disabilities and their spouses,
3    and for grants to public and private community health
4    centers, hospitals, and other health care providers for
5    capital facilities;
6        (e) $10,427,753,300 [$9,054,753,300] for use by the
7    State, its departments, authorities, public corporations,
8    commissions and agencies, including renewable energy
9    upgrades at State facilities;
10        (f) $818,100 for cargo handling facilities at port
11    districts and for breakwaters, including harbor entrances,
12    at port districts in conjunction with facilities for small
13    boats and pleasure crafts;
14        (g) $425,457,000 for water resource management
15    projects, including flood mitigation and State dam and
16    waterway projects;
17        (h) $16,940,269 for the provision of facilities for
18    food production research and related instructional and
19    public service activities at the State universities and
20    public community colleges;
21        (i) $75,134,700 for grants by the Secretary of State,
22    as State Librarian, for central library facilities
23    authorized by Section 8 of the Illinois Library System Act
24    and for grants by the Capital Development Board to units
25    of local government for public library facilities;
26        (j) $25,000,000 for the acquisition, development,
		SB3255 Enrolled	- 9 -	LRB104 19081 KTG 32526 b
1    construction, reconstruction, improvement, financing,
2    architectural planning and installation of capital
3    facilities consisting of buildings, structures, durable
4    equipment and land for grants to counties, municipalities
5    or public building commissions with correctional
6    facilities that do not comply with the minimum standards
7    of the Department of Corrections under Section 3-15-2 of
8    the Unified Code of Corrections;
9        (k) $5,011,600 for grants by the Department of
10    Conservation for improvement or expansion of aquarium
11    facilities located on property owned by a park district;
12        (l) $599,590,000 to State agencies for grants to local
13    governments for the acquisition, financing, architectural
14    planning, development, alteration, installation, and
15    construction of capital facilities consisting of
16    buildings, structures, durable equipment, and land; and
17        (m) $237,127,300 for the Illinois Open Land Trust
18    Program as defined by the Illinois Open Land Trust Act.
19    The amounts authorized above for capital facilities may be
20used for the acquisition, installation, alteration,
21construction, or reconstruction of capital facilities and for
22the purchase of equipment for the purpose of major capital
23improvements which will reduce energy consumption in State
24buildings or facilities.
25(Source: P.A. 103-7, eff. 7-1-23; 103-591, eff. 7-1-24; 104-8,
26eff. 1-1-26.)
		SB3255 Enrolled	- 10 -	LRB104 19081 KTG 32526 b
1    (30 ILCS 330/4)  (from Ch. 127, par. 654)
2    Sec. 4. Transportation. The amount of $27,548,062,400
3[$27,048,062,400] is authorized for use by the Department of
4Transportation for the specific purpose of promoting and
5assuring rapid, efficient, and safe highway, air and mass
6transportation for the inhabitants of the State by providing
7monies, including the making of grants and loans, for the
8acquisition, construction, reconstruction, extension and
9improvement of the following transportation facilities and
10equipment, and for the acquisition of real property and
11interests in real property required or expected to be required
12in connection therewith as follows:
13    (a) $11,921,354,200 for State highways, arterial highways,
14freeways, roads, bridges, structures separating highways and
15railroads and roads, bridges on roads maintained by counties,
16municipalities, townships, or road districts, and grants to
17counties, municipalities, townships, or road districts for
18planning, engineering, acquisition, construction,
19reconstruction, development, improvement, extension, and all
20construction-related expenses of the public infrastructure and
21other transportation improvement projects for the following
22specific purposes:
23        (1) $9,819,221,200 for use statewide,
24        (2) $3,677,000 for use outside the Chicago urbanized
25    area,
		SB3255 Enrolled	- 11 -	LRB104 19081 KTG 32526 b
1        (3) $7,543,000 for use within the Chicago urbanized
2    area,
3        (4) $13,060,600 for use within the City of Chicago,
4        (5) $58,991,500 for use within the counties of Cook,
5    DuPage, Kane, Lake, McHenry and Will,
6        (6) $18,860,900 for use outside the counties of Cook,
7    DuPage, Kane, Lake, McHenry and Will, and
8        (7) $2,000,000,000 for use on projects included in
9    either (i) the FY09-14 Proposed Highway Improvement
10    Program as published by the Illinois Department of
11    Transportation in May 2008 or (ii) the FY10-15 Proposed
12    Highway Improvement Program to be published by the
13    Illinois Department of Transportation in the spring of
14    2009; except that all projects must be maintenance
15    projects for the existing State system with the goal of
16    reaching 90% acceptable condition in the system statewide
17    and further except that all projects must reflect the
18    generally accepted historical distribution of projects
19    throughout the State.
20    (b) $5,966,379,900 for rail facilities and for mass
21transit facilities, as defined in Section 2705-305 of the
22Department of Transportation Law, including rapid transit,
23rail, bus and other equipment used in connection therewith by
24the State or any unit of local government, special
25transportation district, municipal corporation or other
26corporation or public authority authorized to provide and
		SB3255 Enrolled	- 12 -	LRB104 19081 KTG 32526 b
1promote public transportation within the State or 2 or more of
2the foregoing jointly, for the following specific purposes:
3        (1) $4,387,063,600 statewide,
4        (2) $83,350,000 for use within the counties of Cook,
5    DuPage, Kane, Lake, McHenry and Will,
6        (3) $12,450,000 for use outside the counties of Cook,
7    DuPage, Kane, Lake, McHenry and Will, and
8        (4) $1,000,916,300 for use on projects that shall
9    reflect the generally accepted historical distribution of
10    projects throughout the State.
11    (c) $482,600,000 for airport or aviation facilities and
12any equipment used in connection therewith, including
13engineering and land acquisition costs, by the State or any
14unit of local government, special transportation district,
15municipal corporation or other corporation or public authority
16authorized to provide public transportation within the State,
17or 2 or more of the foregoing acting jointly.
18    (d) $5,160,328,300 [$4,660,328,300] for use statewide for
19State or local highways, arterial highways, freeways, roads,
20bridges, and structures separating highways and railroads and
21roads, and for grants to counties, municipalities, townships,
22or road districts for planning, engineering, acquisition,
23construction, reconstruction, development, improvement,
24extension, and all construction-related expenses of the public
25infrastructure and other transportation improvement projects
26which are related to economic development in the State of
		SB3255 Enrolled	- 13 -	LRB104 19081 KTG 32526 b
1Illinois.
2    (e) $4,500,000,000 for use statewide for grade crossings,
3port facilities, airport facilities, rail facilities, and mass
4transit facilities, as defined in Section 2705-305 of the
5Department of Transportation Law of the Civil Administrative
6Code of Illinois, including rapid transit, rail, bus and other
7equipment used in connection therewith by the State or any
8unit of local government, special transportation district,
9municipal corporation or other corporation or public authority
10authorized to provide and promote public transportation within
11the State or 2 or more of the foregoing jointly.
12(Source: P.A. 104-2, eff. 6-16-25.)
13    (30 ILCS 330/6)  (from Ch. 127, par. 656)
14    Sec. 6. Anti-Pollution.
15    (a) The amount of $752,650,642 [$611,814,300] is authorized
16for allocation by the Environmental Protection Agency for
17grants or loans to units of local government, including grants
18to disadvantaged communities without modern sewage systems, in
19such amounts, at such times and for such purpose as the Agency
20deems necessary or desirable for the planning, financing, and
21construction of sewage treatment works and solid waste
22disposal facilities and for making of deposits into the Water
23Revolving Fund (now the Clean Water State Revolving Fund and 
24the Drinking Water State Revolving Fund) and the U.S.
25Environmental Protection Fund to provide assistance in
		SB3255 Enrolled	- 14 -	LRB104 19081 KTG 32526 b
1accordance with the provisions of Title IV-A of the
2Environmental Protection Act.
3    (b) The amount of $236,500,000 is authorized for
4allocation by the Environmental Protection Agency for payment
5of claims submitted to the State and approved for payment
6under the Leaking Underground Storage Tank Program established
7in Title XVI of the Environmental Protection Act.
8(Source: P.A. 103-7, eff. 7-1-23.)
9    (30 ILCS 330/7)  (from Ch. 127, par. 657)
10    Sec. 7. Coal and Energy Development. The amount of
11$171,863,658 [$212,700,000] is authorized to be used by the
12Department of Commerce and Economic Opportunity (formerly
13Department of Commerce and Community Affairs) for coal and
14energy development purposes, pursuant to Sections 2, 3 and 3.1
15of the Illinois Coal and Energy Development Bond Act, for the
16purposes specified in Section 8.1 of the Energy Conservation
17and Coal Development Act, for the purposes specified in
18Section 605-332 of the Department of Commerce and Economic
19Opportunity Law of the Civil Administrative Code of Illinois,
20and for the purpose of facility cost reports prepared pursuant
21to Sections 1-58 or 1-75(d)(4) of the Illinois Power Agency
22Act and for the purpose of development costs pursuant to
23Section 8.1 of the Energy Conservation and Coal Development
24Act. Of this amount:
25        (a) $117,663,658 [$128,500,000] is for the specific
		SB3255 Enrolled	- 15 -	LRB104 19081 KTG 32526 b
1    purposes of acquisition, development, construction,
2    reconstruction, improvement, financing, architectural and
3    technical planning and installation of capital facilities
4    consisting of buildings, structures, durable equipment,
5    and land for the purpose of capital development of coal
6    resources within the State and for the purposes specified
7    in Section 8.1 of the Energy Conservation and Coal
8    Development Act;
9        (b) $10,000,000 [$20,000,000] is for the purposes
10    specified in Section 8.1 of the Energy Conservation and
11    Coal Development Act and making grants to generating
12    stations and coal gasification facilities within the State
13    of Illinois and to the owner of a generating station
14    located in Illinois and having at least three coal-fired
15    generating units with accredited summer capability greater
16    than 500 megawatts each at such generating station as
17    provided in Section 6 of that Bond Act;
18        (c) $13,200,000 is for research, development and
19    demonstration of forms of energy other than that derived
20    from coal, either on or off State property;
21        (d) $0 is for the purpose of providing financial
22    assistance to new electric generating facilities as
23    provided in Section 605-332 of the Department of Commerce
24    and Economic Opportunity Law of the Civil Administrative
25    Code of Illinois; and
26        (e) $31,000,000 [$51,000,000] is for the purpose of
		SB3255 Enrolled	- 16 -	LRB104 19081 KTG 32526 b
1    facility cost reports prepared for not more than one
2    facility pursuant to Section 1-75(d)(4) of the Illinois
3    Power Agency Act and not more than one facility pursuant
4    to Section 1-58 of the Illinois Power Agency Act and for
5    the purpose of up to $6,000,000 of development costs
6    pursuant to Section 8.1 of the Energy Conservation and
7    Coal Development Act.
8(Source: P.A. 103-7, eff. 7-1-23.)
9Article 15.
10    Section 15-5. The Build Illinois Bond Act is amended by
11changing Sections 2, 4, and 13 as follows:
12    (30 ILCS 425/2)  (from Ch. 127, par. 2802)
13    Sec. 2. Authorization for Bonds. The State of Illinois is
14authorized to issue, sell and provide for the retirement of
15limited obligation bonds, notes and other evidences of
16indebtedness of the State of Illinois in the total principal
17amount of $13,464,881,100 [$12,098,881,100] herein called
18"Bonds". Such amount of authorized Bonds shall be exclusive of
19any refunding Bonds issued pursuant to Section 15 of this Act
20and exclusive of any Bonds issued pursuant to this Section
21which are redeemed, purchased, advance refunded, or defeased
22in accordance with paragraph (f) of Section 4 of this Act.
23Bonds shall be issued for the categories and specific purposes
		SB3255 Enrolled	- 17 -	LRB104 19081 KTG 32526 b
1expressed in Section 4 of this Act.
2(Source: P.A. 103-7, eff. 7-1-23; 103-591, eff. 7-1-24; 104-8,
3eff. 1-1-26.)
4    (30 ILCS 425/4)  (from Ch. 127, par. 2804)
5    Sec. 4. Purposes of Bonds. Bonds shall be issued for the
6following purposes and in the approximate amounts as set forth
7below:
8    (a) $5,074,094,533 [$4,873,094,533] for the expenses of
9issuance and sale of Bonds, including bond discounts, and for
10planning, engineering, acquisition, construction,
11reconstruction, development, improvement, demolition, and
12extension of the public infrastructure in the State of
13Illinois, including: the making of loans or grants to local
14governments for waste disposal systems, water and sewer lines
15[line extensions] and water distribution and purification
16facilities, rail or air or water port improvements, gas and
17electric utility extensions, publicly owned industrial and
18commercial sites, buildings used for public administration
19purposes and other public infrastructure capital improvements;
20the making of loans or grants to units of local government for
21financing and construction of wastewater facilities, including
22grants to serve unincorporated areas; refinancing or retiring
23bonds issued between January 1, 1987 and January 1, 1990 by
24home rule municipalities, debt service on which is provided
25from a tax imposed by home rule municipalities prior to
		SB3255 Enrolled	- 18 -	LRB104 19081 KTG 32526 b
1January 1, 1990 on the sale of food and drugs pursuant to
2Section 8-11-1 of the Home Rule Municipal Retailers'
3Occupation Tax Act or Section 8-11-5 of the Home Rule
4Municipal Service Occupation Tax Act; the making of deposits
5not to exceed $70,000,000 in the aggregate into the Water
6Pollution Control Revolving Fund to provide assistance in
7accordance with the provisions of Title IV-A of the
8Environmental Protection Act; the planning, engineering,
9acquisition, construction, reconstruction, alteration,
10expansion, extension and improvement of highways, bridges,
11structures separating highways and railroads, rest areas,
12interchanges, access roads to and from any State or local
13highway and other transportation improvement projects which
14are related to economic development activities; the making of
15loans or grants for planning, engineering, rehabilitation,
16improvement or construction of rail and transit facilities;
17the planning, engineering, acquisition, construction,
18reconstruction and improvement of watershed, drainage, flood
19control, recreation and related improvements and facilities,
20including expenses related to land and easement acquisition,
21relocation, control structures, channel work and clearing and
22appurtenant work; the planning, engineering, acquisition,
23construction, reconstruction and improvement of State
24facilities and related infrastructure; the making of Park and
25Recreational Facilities Construction (PARC) grants; the making
26of grants to units of local government for community
		SB3255 Enrolled	- 19 -	LRB104 19081 KTG 32526 b
1development capital projects; the making of grants for
2improvement and development of zoos and park district field
3houses and related structures; [and] the making of grants for
4improvement and development of Navy Pier and related
5structures; and the making of grants to units of local 
6government and school districts for permanent improvements, as 
7defined in Section 21 of the State Finance Act.
8    (b) $4,796,136,967 [$4,101,136,967] for fostering economic
9development and increased employment and fostering the well
10being of the citizens of Illinois through community
11development, including: the making of grants for improvement
12and development of McCormick Place and related structures; the
13planning and construction of a microelectronics research
14center, including the planning, engineering, construction,
15improvement, renovation and acquisition of buildings,
16equipment and related utility support systems; the making of
17loans to businesses and investments in small businesses;
18acquiring real properties for industrial or commercial site
19development; acquiring, rehabilitating and reconveying
20industrial and commercial properties for the purpose of
21expanding employment and encouraging private and other public
22sector investment in the economy of Illinois; the payment of
23expenses associated with siting the Superconducting Super
24Collider Particle Accelerator in Illinois and with its
25acquisition, construction, maintenance, operation, promotion
26and support; the making of loans for the planning,
		SB3255 Enrolled	- 20 -	LRB104 19081 KTG 32526 b
1engineering, acquisition, construction, improvement and
2conversion of facilities and equipment which will foster the
3use of Illinois coal; the payment of expenses associated with
4the promotion, establishment, acquisition and operation of
5small business incubator facilities and agribusiness research
6facilities, including the lease, purchase, renovation,
7planning, engineering, construction and maintenance of
8buildings, utility support systems and equipment designated
9for such purposes and the establishment and maintenance of
10centralized support services within such facilities; the
11making of grants for transportation electrification
12infrastructure projects that promote use of clean and
13renewable energy; the making of capital expenditures and
14grants for broadband development and for a statewide broadband
15deployment grant program; the making of grants to public
16entities and private persons and entities for community
17development capital projects; the making of grants to public
18entities and private persons and entities for capital projects
19in the context of grant programs focused on assisting
20economically depressed areas, expanding affordable and middle
21housing, supporting the provision of human services,
22supporting emerging technology enterprises, fostering the
23advancement of quantum information science and technology, and
24supporting minority owned businesses; and the making of grants
25or loans to units of local government for Urban Development
26Action Grant and Housing Partnership programs.
		SB3255 Enrolled	- 21 -	LRB104 19081 KTG 32526 b
1    (c) $3,296,776,600 [$2,846,776,600] for the development and
2improvement of educational, scientific, technical and
3vocational programs and facilities and the expansion of health
4and human services for all citizens of Illinois, including:
5the making of grants to school districts and not-for-profit
6organizations for early childhood construction projects
7pursuant to Section 5-300 of the School Construction Law; the
8making of grants to educational institutions, for-profit 
9entities, and not-for-profit entities for educational,
10scientific, technical and vocational program equipment and
11facilities; the making of grants to museums for equipment and
12facilities; the making of construction and improvement grants
13and loans to public libraries and library systems; the making
14of grants and loans for planning, engineering, acquisition and
15construction of a new State central library in Springfield;
16the planning, engineering, acquisition and construction of an
17animal and dairy sciences facility; the planning, engineering,
18acquisition and construction of a campus and all related
19buildings, facilities, equipment and materials for Richland
20Community College; the acquisition, rehabilitation and
21installation of equipment and materials for scientific and
22historical surveys; the making of grants or loans for
23distribution to eligible vocational education instructional
24programs for the upgrading of vocational education programs,
25school shops and laboratories, including the acquisition,
26rehabilitation and installation of technical equipment and
		SB3255 Enrolled	- 22 -	LRB104 19081 KTG 32526 b
1materials; the making of grants or loans for distribution to
2eligible local educational agencies for the upgrading of math
3and science instructional programs, including the acquisition
4of instructional equipment and materials; miscellaneous
5capital improvements for universities and community colleges
6including the planning, engineering, construction,
7reconstruction, remodeling, improvement, repair and
8installation of capital facilities and costs of planning,
9supplies, equipment, materials, services, and all other
10required expenses; the making of grants or loans for repair,
11renovation and miscellaneous capital improvements for
12privately operated colleges and universities and community
13colleges, including the planning, engineering, acquisition,
14construction, reconstruction, remodeling, improvement, repair
15and installation of capital facilities and costs of planning,
16supplies, equipment, materials, services, and all other
17required expenses; and the making of grants or loans [for ]
18[distribution to local governments] for hospital and other
19health care facilities including the planning, engineering,
20acquisition, construction, reconstruction, remodeling,
21improvement, repair and installation of capital facilities and
22costs of planning, supplies, equipment, materials, services
23and all other required expenses.
24    (d) $297,873,000 [$277,873,000] for protection,
25preservation, restoration and conservation of environmental
26and natural resources, including: the making of grants to soil
		SB3255 Enrolled	- 23 -	LRB104 19081 KTG 32526 b
1and water conservation districts for the planning and
2implementation of conservation practices and for funding
3contracts with the Soil Conservation Service for watershed
4planning; the making of grants to units of local government
5for the capital development and improvement of recreation
6areas, including planning and engineering costs, sewer
7projects, including planning and engineering costs and water
8projects, including planning and engineering costs, and for
9the acquisition of open space lands, including the acquisition
10of easements and other property interests of less than fee
11simple ownership; the making of grants to units of local
12government through the Illinois Green Infrastructure Grant
13Program to protect water quality and mitigate flooding; the
14acquisition and related costs and development and management
15of natural heritage lands, including natural areas and areas
16providing habitat for endangered species and nongame wildlife,
17and buffer area lands; the acquisition and related costs and
18development and management of habitat lands, including forest,
19wildlife habitat and wetlands; and the removal and disposition
20of hazardous substances, including the cost of project
21management, equipment, laboratory analysis, and contractual
22services necessary for preventative and corrective actions
23related to the preservation, restoration and conservation of
24the environment, including deposits not to exceed $60,000,000
25in the aggregate into the Hazardous Waste Fund and the
26Brownfields Redevelopment Fund for improvements in accordance
		SB3255 Enrolled	- 24 -	LRB104 19081 KTG 32526 b
1with the provisions of Titles V and XVII of the Environmental
2Protection Act.
3    (e) The amount specified in paragraph (a) above shall
4include an amount necessary to pay reasonable expenses of each
5issuance and sale of the Bonds, as specified in the related
6Bond Sale Order (hereinafter defined).
7    (f) Any unexpended proceeds from any sale of Bonds which
8are held in the Build Illinois Bond Fund may be used to redeem,
9purchase, advance refund, or defease any Bonds outstanding.
10(Source: P.A. 103-7, eff. 7-1-23; 103-591, eff. 7-1-24; 104-8,
11eff. 1-1-26.)
12    (30 ILCS 425/13)  (from Ch. 127, par. 2813)
13    Sec. 13. Computation of principal and interest; transfer
14from Build Illinois Bond Account; payment from Build Illinois
15Bond Retirement and Interest Fund.  Upon each delivery of
16Bonds authorized to be issued under this Act, the trustee
17under the Master Indenture shall compute and certify to the
18Director of the Governor's Office of Management and Budget,
19the Comptroller and the Treasurer (a) the total amount of the
20principal of and the interest and the premium, if any, on the
21Bonds then being issued and on Bonds previously issued and
22outstanding that will be payable in order to retire such Bonds
23at their stated maturities or mandatory sinking fund payment
24dates and (b) the amount of principal of and interest and
25premium, if any, on such Bonds that will be payable on each
		SB3255 Enrolled	- 25 -	LRB104 19081 KTG 32526 b
1principal, interest and mandatory sinking fund payment date
2according to the tenor of such Bonds during the then current
3and each succeeding fiscal year. Such certifications shall
4include with respect to interest payable on Variable Rate
5Bonds the maximum amount of interest which may be payable for
6the relevant period after taking into account any credits
7permitted in the related indenture against the amount of such
8interest required to be appropriated for such period pursuant
9to subsection (c) of Section 11 of this Act.
10    On or before June 20, 1993 and on or before each June 20
11thereafter so long as Bonds remain outstanding, the trustee
12under the Master Indenture shall deliver to the Director of
13the Governor's Office of Management and Budget (formerly
14Bureau of the Budget), the Comptroller and the Treasurer a
15certificate setting forth the "Certified Annual Debt Service
16Requirement" (hereinafter defined) for the next succeeding
17fiscal year. If Bonds are issued subsequent to the delivery of
18any such certificate, upon the issuance of such Bonds the
19trustee under the Master Indenture shall deliver a
20supplemental certificate setting forth the revisions, if any,
21in the Certified Annual Debt Service Requirement resulting
22from the issuance of such Bonds. The "Certified Annual Debt
23Service Requirement" for any fiscal year shall be an amount
24equal to (a) the aggregate amount of principal, interest and
25premium, if any, payable on outstanding Bonds during such
26fiscal year plus (b) the amount required to be deposited into
		SB3255 Enrolled	- 26 -	LRB104 19081 KTG 32526 b
1any reserve fund securing such Bonds or for the purpose of
2retiring or defeasing such Bonds plus (c) the amount of any
3deficiencies in required transfers of amounts described in
4clauses (a) and (b) for any prior fiscal year, minus (d) the
5amount, if any, of such interest to be paid from Bond proceeds
6on deposit under any indenture; provided, however, that
7interest payable on Variable Rate Bonds shall be calculated at
8the maximum rate of interest which may be payable during such
9fiscal year after taking into account any credits permitted in
10the related indenture against the amount of such interest
11required to be appropriated for such period pursuant to
12subsection (c) of Section 11 of this Act.
13    In each month during fiscal years 1986 through 1993, the
14State Treasurer and Comptroller shall transfer, on the last
15day of such month, from the Build Illinois Bond Account to the
16Build Illinois Bond Retirement and Interest Fund and shall
17make payment from the Build Illinois Bond Retirement and
18Interest Fund to the trustee under the Master Indenture of an
19amount equal to 1/12 of 150% of the amount set forth below for
20each such fiscal year, plus any cumulative deficiency in such
21transfers and payments for prior months; provided that such
22transfers shall commence in October, 1985 and such amounts for
23fiscal year 1986 shall equal 1/9 of 150% of the amount set
24forth below for such fiscal year:
25Fiscal Year	Amount
261986	$15,000,000
		SB3255 Enrolled	- 27 -	LRB104 19081 KTG 32526 b
11987	$25,000,000
21988	$40,000,000
31989	$54,000,000
41990	$85,400,000
51991	$133,600,000
61992	$164,400,000
71993	$188,900,000
8provided that payments of such amounts from the Build Illinois
9Bond Retirement and Interest Fund to the trustee under the
10Master Indenture shall commence on the last day of the month in
11which Bonds are initially issued under this Act; and, further
12provided, that the first such payment to said trustee shall
13equal the entire amount then on deposit in the Build Illinois
14Bond Retirement and Interest Fund; and, further provided, that
15the aggregate amount of transfers and payments for any such
16fiscal year shall not exceed the amount set forth above for
17such fiscal year.
18    In each month in which Bonds are outstanding during fiscal
19year 1994 and each fiscal year thereafter, the State Treasurer
20and Comptroller shall transfer, on the last day of such month,
21(i) with respect to Bonds constituting bonds issued pursuant
22to the bond authorization under this Act enacted pursuant to
23Public Act 96-36, Public Act 96-1554, Public Act 98-94, [and]
24Public Act 103-591, and this amendatory Act of the 104th 
25General Assembly, (and any refunding Bonds issued to refund
26such Bonds), first from the Capital Projects Fund and second,
		SB3255 Enrolled	- 28 -	LRB104 19081 KTG 32526 b
1if needed, from the Build Illinois Bond Account and (ii) with
2respect to all other Bonds not described in clause (i), from
3the Build Illinois Bond Account, in each case, to the Build
4Illinois Bond Retirement and Interest Fund and shall make
5payment from the Build Illinois Bond Retirement and Interest
6Fund to the trustee under the Master Indenture of an amount
7equal to the greater of (a) 1/12th of 150% of the Certified
8Annual Debt Service Requirement or (b) the Tax Act Amount (as
9defined in Section 3 of the "Retailers' Occupation Tax Act",
10as amended) deposited in the Build Illinois Bond Account
11during such month, plus any cumulative deficiency in such
12transfers and payments for prior months; provided that such
13transfers and payments for any such fiscal year shall not
14exceed the greater of (a) the Certified Annual Debt Service
15Requirement or (b) the Tax Act Amount.
16(Source: P.A. 103-591, eff. 7-1-24; 104-8, eff. 1-1-26.)
17Article 99.
18    Section 99-99. Effective date. This Act takes effect upon
19becoming law.