92nd General Assembly
Status of HB0078
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 Full Text  Bill Summary

   605 ILCS 10/8.1 new                                                         
   605 ILCS 10/17            from Ch. 121, par. 100-17                         
   605 ILCS 10/21.1 new                                                        

        Amends the Toll Highway Act.  Requires the Toll Highway Authority      
   to appoint an  Inspector  General  to  investigate  waste,  fraud,  or      
   financial  mismanagement  in  Authority operations involving Authority      
   employees or contractors.  Provides for the Inspector General's powers      
   and duties.  Makes failure to cooperate in  specified  ways  with  the      
   investigation  a  Class  A misdemeanor.  Requires the Authority to use      
   all surplus revenues to fund construction or  repairs  before  issuing      
   bonds to finance those activities. Requires the Authority to structure      
   financing  of  new  tollways  and  refinancing  of  debt to facilitate      
   conversion  of  tollways  into  free  State  highways.   Requires  the      
   Authority to report a schedule of that conversion to the Governor  and      
   General Assembly every 2 years.  Effective immediately.                     
          FISCAL NOTE (Illinois State Toll Highway Authority)                  
          HB 78 would require an annual expenditure of $300,000 for the        
          Inspector General position. A restructuring of current or            
          future bond debt without a long-term financial plan may affect       
          the overall creditworthiness of the Tollway Authority and sub-       
          ject its credit rating to a possible downgrade by the various        
          agencies. Bond issues based upon a limited timeframe may be          
          financially unfeasible. At this time, no exact dollar figure         
          can be attached to this provision.                                   
   DEC-08-2000  H  PREFILED WITH CLERK                                            
   JAN-10-2001  H  FIRST READING                                                  
   JAN-10-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   JAN-30-2001  H  ADDED AS A JOINT SPONSOR                 HOWARD                
   JAN-30-2001  H  ADDED AS A JOINT SPONSOR                 KENNER                
   JAN-30-2001  H  ADDED AS A JOINT SPONSOR                 MAY                   
   JAN-31-2001  H       ASSIGNED TO COMMITTEE               APP-GEN SERVS         
   FEB-15-2001  H  ADDED AS A CO-SPONSOR                    COLLINS               
   FEB-22-2001  H  ADDED AS A CO-SPONSOR                    BOLAND                
   FEB-22-2001  H                         FISCAL NOTE FILED                       
   FEB-22-2001  H                   COMMITTEE               APP-GEN SERVS         
   FEB-22-2001  H  ADDED AS A JOINT SPONSOR                 SCHOENBERG            
   MAR-15-2001  H  ADDED AS A CO-SPONSOR                    LINDNER               
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary