Rep. Michael J. Madigan
Filed: 5/6/2010
 
 

 




 

 		












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AMENDMENT TO SENATE BILL 28




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    AMENDMENT NO. ______. Amend Senate Bill 28, AS AMENDED, 
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with reference to page and line numbers of House Amendment No. 
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2, on page 1, line 10, after "Authority", by inserting "and 
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Rosemont"; and


 
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on page 2, line 11, by replacing "$20,000,000" with 
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"$15,000,000"; and
 
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on page 2, line 12, by replacing "$10,000,000" with 
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"$5,000,000"; and
 
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on page 2, by inserting immediately below line 26 the 
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following:
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    "In addition to the incentive grants to the Metropolitan 
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Pier and Exposition Authority, the Department shall make an 
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annual incentive grant of $5,000,000 to the Village of 
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Rosemont, to be used by the Village for the Donald E. Stephens 
 


 






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Convention Center to retain and attract conventions, meetings, 
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or trade shows with registered attendance between 5,000 and 
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10,000 individuals that otherwise would not have used the 
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facilities."; and
 
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on page 121, line 8, by replacing "25.4 25.1" with "25.1"; and
 
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on page 123, line 3, by replacing "$20,000,000" with 
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"$15,000,000"; and
 
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on page 123, line 4, by replacing "$10,000,000" with 
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"$5,000,000"; and
 
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on page 166, by replacing lines 19 through 23 with the 
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following:
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"exceed $2,557,000,000 $2,107,000,000 for the purposes
of

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carrying out and
performing its duties and exercising its 
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powers under this Act.
 The increased debt authorization 
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provided by this amendatory Act of the 96th General Assembly 
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shall be used solely for the purpose of hotel construction and 
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related necessary capital improvements and other needed 
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capital improvements to existing facilities. No bonds issued to 
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refund or advance"; and
 
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by replacing line 26 of page 184 and lines 1 and 2 of page 185 
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with the following:
 


 






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"professionals possessing a high degree of skill and (ii) 
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contracts or bond purchase".