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91_HJ0046
LRB9113119CBcb
1 HOUSE JOINT RESOLUTION
2 WHEREAS, The State of Illinois made a good faith effort
3 to help the economy of Illinois; the hotels that benefited
4 from this effort have not returned that same good faith by
5 paying back the money borrowed and are now required only to
6 pay back money toward the loans when they declare a profit
7 and the money is applied to the principal not the interest;
8 and
9 WHEREAS, State of Illinois employees have paid more to
10 stay at these hotels than the hotels have paid back since the
11 inception of the loans, and the continued use of these hotels
12 is resulting in the residents of Illinois paying double to
13 these hotels because the loans are not being repaid; and
14 WHEREAS, The Collinsville Holiday Inn has borrowed from
15 the State of Illinois and still owes $15,428,773 in principal
16 and $8,837,518 in interest, and has a total outstanding
17 balance due of $24,226,291 as of December 30, 1999; and
18 WHEREAS, The Renaissance Hotel of Springfield has
19 borrowed from the State of Illinois and still owes
20 $14,012,106 in principal and $8,994,624 in interest, and has
21 a total outstanding balance due of $23,006,730 as of December
22 30, 1999; therefore, be it
23 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
24 NINETY-FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE
25 SENATE CONCURRING HEREIN, that until such time as the loans
26 to the hotels are being paid back on a regular basis, all
27 State of Illinois employees shall be directed not to use
28 these hotels while travelling on State business; and be it
29 further
30 RESOLVED, That a suitable copy of this resolution be
31 presented to Governor George H. Ryan.