House Sponsors: TURNER,ART-MADIGAN,MJ-CURRIE. Senate Sponsors: JONES,E Short description: SPORTS FACILITIES AUTH-CHGO Synopsis of Bill as introduced: Amends the Illinois Sports Facilities Authority Act concerning a management agreement. Adds a caption. SENATE AMENDMENT NO. 2. Deletes reference to: 70 ILCS 3205/22 Adds reference to: 70 ILCS 3205/1 from Ch. 85, par. 6001 70 ILCS 3205/2 from Ch. 85, par. 6002 70 ILCS 3205/3 from Ch. 85, par. 6003 70 ILCS 3205/7.8 new 70 ILCS 3205/8 from Ch. 85, par. 6008 70 ILCS 3205/9 from Ch. 85, par. 6009 70 ILCS 3205/10 from Ch. 85, par. 6010 70 ILCS 3205/11 from Ch. 85, par. 6011 70 ILCS 3205/13 from Ch. 85, par. 6013 70 ILCS 3205/15 from Ch. 85, par. 6015 70 ILCS 3205/16 from Ch. 85, par. 6016 70 ILCS 3205/17 from Ch. 85, par. 6017 70 ILCS 3205/19 from Ch. 85, par. 6019 70 ILCS 3205/20 from Ch. 85, par. 6020 30 ILCS 105/8.25-4 from Ch. 127, par. 144.25-4 30 ILCS 115/2 from Ch. 85, par. 612 35 ILCS 145/6 from Ch. 120, par. 481b.36 70 ILCS 1505/15d new 820 ILCS 130/2 from Ch. 48, par. 39s-2 5 ILCS 140/2 from Ch. 116, par. 202 30 ILCS 5/3-1 from Ch. 15, par. 303-1 Amends the Illinois Sports Facilities Authority Act, the State Finance Act, the State Revenue Sharing Act, the Hotel Operators' Occupation Tax Act, the Chicago Park District Act, the Prevailing Wage Act, the Freedom of Information Act, and the Illinois State Auditing Act. Provides for audits of the Authority by the Auditor General. Authorizes the Illinois Sports Facilities Authority to enter into assistance agreements with governmental owners of a facility, pursuant to which the Authority is to provide financial assistance to those governmental owners by borrowing money, issuing bonds or notes, imposing an occupation tax, or other means. Requires a separate financial reserve for each facility owned by the Authority or for which the Authority provides financial assistance. Provides that the Authority's corporate limits are coterminous with the boundaries of the City of Chicago, and provides that facilities constructed or financially assisted by the Authority must be located within those limits. Authorizes a limit on the amount of the Authority's outstanding bonds and notes of $150,000,000 in connection with the facility owned by the Authority and $399,000,000 for providing financial assistance. Exempts the Authority and governmental owners from property taxes on a facility, and exempts a facility tenant's interest from property taxes. With respect to the proceeds of the occupation tax authorized to be imposed by the Authority, provides that after that the State Treasurer deposits $5,000,000 into GRF and before any deposits into the trust fund established outside the State treasury under the Metropolitan Pier and Exposition Authority Act, there shall be paid to the City of Chicago amounts sufficient to fully reimburse the City of Chicago for the cumulative amount of any deficiencies in repayments to the City of Chicago of amounts in the Local Government Distributive Fund that would have been allocated to the City of Chicago but instead were paid into GRF under the Hotel Operators' Occupation Tax Act. Subject to appropriation, provides for the payment of the amount in the Illinois Sports Facilities Fund to the Authority until certain amounts have been paid. Provides for an increase in the amount of Hotel Operators' Occupation Tax receipts to be deposited into the Illinois Sports Facilities Fund and credited to the Advance Account in the Fund. Provides for the repayment of State advances from Local Government Distributive Fund moneys under certain conditions. Grants powers to the Chicago Park District with respect to assistance agreements and facilities. Makes other changes. Effective June 1, 2001. Last action on Bill: PUBLIC ACT.............................. 91-0935 Last action date: 01-01-05 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status