90th General Assembly
Summary of HB2822
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House Sponsors:
CAPPARELLI-SAVIANO-BUGIELSKI-BURKE-LYONS,JOSEPH AND BERGMAN.

Short description: 
MWRD-LOCAL GOV ASSISTANCE PROG                                             

Synopsis of Bill as introduced:
        Amends  the  Metropolitan   Water   Reclamation   District   Act.      
   Authorizes  the  District  to  create  a  Local  Government Assistance      
   Program for the purpose of making loans to units of  local  government      
   to  finance  improvements  to  local sewerage systems.  Authorizes the      
   District to issue bonds to finance the  program.   Provides  that  the      
   bonds  may  be  payable  from  any available revenues of the District,      
   including loan repayments.  Deletes certain provisions relating to the      
   Local Improvement Revolving Loan Fund and the  sale  of  surplus  real      
   estate.   Also  makes a technical correction to the list of bonds that      
   may be issued by the  District  without  referendum,  adding  a  cross      
   reference  to  the  Section under which construction working cash fund      
   bonds may be issued.  Amends the Statute on  Statutes  to  define  the      
   Section  authorizing  the  new  bonds as one of the Omnibus Bond Acts.      
   Effective immediately.                                                      
          FISCAL NOTE (DCCA)                                                   
          No fiscal impact on DCCA or local government.                        
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          5 ILCS 70/8                                                          
        Deletes everything. Amends the Metropolitan Water Reclamation          
   District Act. Authorizes the District to create a Local Government          
   Assistance Program for the purpose of making loans to units of local        
   government to finance improvements to local sewerage systems. Auth-         
   orizes the District to issue bonds to finance the program. Provides         
   that the bonds may be payable from any available revenues of the            
   District, including loan repayments. Deletes certain provisions             
   relating to the Local Improvement Revolving Loan Fund and the sale of       
   surplus real estate. Also makes a technical correction to the list of       
   bonds that may be issued by the District without referendum, adding a       
   cross reference to the Section under which construction working cash        
   fund bonds may be issued. Effective immediately.                            
          STATE DEBT NOTE, H-AM 1                                              
          HB2822 would not increase the level of State indebtedness.           
          STATE MANDATES ACT FISCAL NOTE, AMENDED                              
          Fails to create a State mandate.                                     
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status