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90_SB0298
605 ILCS 5/4-219 new
605 ILCS 10/40 new
Amends the Illinois Highway Code and the Toll Highway
Act. Abolishes the Illinois State Toll Highway Authority on
January 1, 1998. Provides that at that time, all duties,
obligations, property, assets, and powers, including the
power to issue bonds provided that they are repaid on or
before December 31, 2020, shall be transferred to the
Illinois Department of Transportation. Provides that the
Department shall take over the management and operation of
the existing toll highways in the State. Provides that all
outstanding debts of the Authority shall be paid in full on
or before December 31, 2020, and at that time all toll
highways shall become a part of the State highway system and
be maintained and operated free of tolls. Provides that all
employees of the Authority on December 31, 1997 shall become
employees of the Department, subject to layoff or
reorganization by the Department. Provides for distribution
of the assets of the Authority's employee pension plan.
Effective immediately.
LRB9001864NTsb
LRB9001864NTsb
1 AN ACT concerning the Illinois State Toll Highway
2 Authority.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Highway Code is amended by
6 adding Section 4-219 as follows:
7 (605 ILCS 5/4-219 new)
8 Sec. 4-219. Transfer of property from the Illinois State
9 Toll Highway Authority. On or before December 31, 1997, the
10 Illinois State Toll Highway Authority shall transfer all of
11 its records, documents, property, and assets to the Illinois
12 Department of Transportation. The Department shall succeed
13 to all rights and interests of the Authority at the close of
14 the Authority's business on December 31, 1997, including any
15 right or interest relating to any cause of action then in
16 existence. The Department shall take over management and
17 operation of the existing toll highways in the State and
18 shall be authorized to establish tolls, rates, and charges
19 for use of the highways and pledge the income from the toll
20 highways, after maintenance and operation costs, to the
21 outstanding indebtedness incurred by the Authority.
22 Section 10. The Toll Highway Act is amended by adding
23 Section 40 as follows:
24 (605 ILCS 10/40 new)
25 Sec. 40. Abolishing the Authority.
26 (a) It is the intention and purpose of this amendatory
27 Act of 1997 that the Toll Highway Authority shall be
28 abolished and the terms of its chairman and directors holding
29 office shall expire on January 1, 1998. At that time, the
-2- LRB9001864NTsb
1 management and operation of the existing toll highways shall
2 be transferred to the Illinois Department of Transportation.
3 On or before December 31, 2020, all outstanding indebtedness
4 of the Authority shall have been paid in full and the toll
5 highways shall become a part of the system of State highways
6 of Illinois and be maintained and operated free of tolls.
7 (b) All duties and obligations, together with all
8 records, documents, property, and assets of the Authority
9 shall be transferred to the Illinois Department at the close
10 of business on December 31, 1997.
11 (c) All powers of the Authority, including the power to
12 issue bonds provided that they are repaid on or before
13 December 31, 2020, shall be transferred to the Illinois
14 Department of Transportation at the close of business on
15 December 31, 1997.
16 (d) All employees of the Authority on December 31, 1997
17 shall become employees of the Illinois Department of
18 Transportation, subject to lay off or reorganization by the
19 Department.
20 (e) On or before December 31, 1997, the Authority shall
21 terminate the Illinois State Toll Highway Authority Defined
22 Benefit Pension Plan and distribute the assets of the plan in
23 accordance with the terms of the plan and any other
24 requirements imposed by State or federal law.
25 Section 99. Effective date. This Act takes effect upon
26 becoming law.