90th General Assembly
Summary of SB0298
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Senate Sponsors:
DEMUZIO-SHADID.

Short description: 
ABOLISH TOLL HWY AUTH                                                      

Synopsis of Bill as introduced:
        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.                                                                
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


   END OF INQUIRY 



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