DHS-DSP PILOT PROGRAM

Illinois General Assembly - Full Text of SB3255

Select Language

×

The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein.

Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet.

The English language version is always the official and authoritative version of this website.

NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window.

Choose Language

English

Afrikaans

Albanian

Arabic

Armenian

Azerbaijani

Basque

Bengali

Bosnian

Catalan

Croatian

Czech

Danish

Dutch

Esperanto

Estonian

Filipino

Finnish

French

Galician

Georgian

German

Greek

Gujarati

Haitian Creole

Hausa

Hawaiian

Hebrew

Hindi

Hungarian

Icelandic

Indonesian

Interlingua

Interlingue

Inuktitut

Irish

Italian

Japanese

Javanese

Kannada

Khmer

Korean

Latin

Latvian

Lithuanian

Luxembourgish

Macedonian

Malagasy

Malayalam

Maltese

Maori

Marathi

Myanmar

Nepali

Norwegian

Odia

Pashto

Punjabi

Romanian

Russian

Samoan

Sango

Sanskrit

Sardinian

Sindhi

Sinhala

Slovak

Slovenian

Somali

Southern Sotho

Spanish

Sundanese

Swahili

Swedish

Tamil

Telugu

Thai

Tigrinya

Tonga

Turkish

Ukrainian

Urdu

Vietnamese

Welsh

Xhosa

Yiddish

Yoruba

Zulu

Powered by
Translate

Close

Illinois General Assembly

Top Navigation Bar

Translate

Learn

Select General Assembly

Search the 104th General Assembly

Enter search terms for legislation, members, committees, or schedules.

ILGA.GOV

LEGISLATION & LAWS

Bills & Resolutions

Public Acts

Illinois Compiled Statutes

Illinois Constitution

Search Legislation

Glossary

Guide

Reports & Inquiry

Legislative Reports

Special Reports

FTP Site

Legislator Lookup

Capitol Complex Phone Numbers

Rules & Regulations

Illinois Register

Administrative Rules

Senate

Members

Schedules

Committees

Request for Remote Testimony

Journals

Transcripts

Rules

Audio/Video

FOIA Information

Senate Employment Opportunities

Media Guidelines

House

Members

Schedules

Committees

Submit testimony for House Committees

Journals

Transcripts

Rules

Audio/Video

FOIA Information

House Employment Opportunities

Log In

Mobile Top Bar

Search the 104th General Assembly

Enter keywords to search the Illinois General Assembly website.

Full Text of SB3255

Home

Legislation

Full Text

SB3255 - 104th General Assembly

Bill Status

Full Text

Votes

Witness Slips

Select Menu

Bill Status

Full Text

Votes

Witness Slips

Printer Friendly Version

Introduced

Engrossed

Enrolled

House Amendment 001

Public Act

Printer Friendly Version

Introduced

Engrossed

Enrolled

House Amendment 001

Public Act

Open PDF

SB3255 Enrolled
LRB104 19081 KTG 32526 b
1

AN ACT concerning State government.

2

Be it enacted by the People of the State of Illinois,
3
represented in the General Assembly:

4
Article 1.

5

Section 1-1.
This Act may be referred to as the Bond
6
Authorization Act of 2026.

7
Article 5.

8

Section 5-5.
The State Finance Act is amended by changing
9
Section 6z-78 as follows:

10

(30 ILCS 105/6z-78)
11

Sec. 6z-78.
Capital Projects Fund; bonded indebtedness;
12
transfers.
Money in the Capital Projects Fund shall, if and
13
when the State of Illinois incurs any bonded indebtedness
14
using the bond authorizations for capital projects enacted in
15
Public Act 96-36, Public Act 96-1554, Public Act 97-771,
16
Public Act 98-94,
and
Public Act 103-591
, and this amendatory
17
Act of the 104th General Assembly
and using the general
18
obligation bond authorizations for capital projects enacted in
19
Public Act 101-30, Public Act 103-7, and
Public Act 104-8

this
20
amendatory Act of the 104th General Assembly
, be set aside and

SB3255 Enrolled
- 2 -
LRB104 19081 KTG 32526 b
1
used for the purpose of paying and discharging annually the
2
principal and interest on that bonded indebtedness then due
3
and payable.
4

In addition to other transfers to the General Obligation
5
Bond Retirement and Interest Fund made pursuant to Section 15
6
of the General Obligation Bond Act, upon each delivery of
7
general obligation bonds for capital projects using bond
8
authorizations enacted in Public Act 96-36, Public Act
9
96-1554, Public Act 97-771, Public Act 98-94, Public Act
10
101-30 (except for amounts in Public Act 101-30 that increase
11
bond authorization under paragraph (1) of subsection (a) of
12
Section 4 and subsection (e) of Section 4 of the General
13
Obligation Bond Act), Public Act 103-7, Public Act 103-591,
14
Public Act 104-8,
and this amendatory Act of the 104th General
15
Assembly, the State Comptroller shall compute and certify to
16
the State Treasurer the total amount of principal of, interest
17
on, and premium, if any, on such bonds during the then current
18
and each succeeding fiscal year. With respect to the interest
19
payable on variable rate bonds, such certifications shall be
20
calculated at the maximum rate of interest that may be payable
21
during the fiscal year, after taking into account any credits
22
permitted in the related indenture or other instrument against
23
the amount of such interest required to be appropriated for
24
the period.
25

(a) Except as provided for in subsection (b), on or before
26
the last day of each month, the State Treasurer and State

SB3255 Enrolled
- 3 -
LRB104 19081 KTG 32526 b
1
Comptroller shall transfer from the Capital Projects Fund to
2
the General Obligation Bond Retirement and Interest Fund an
3
amount sufficient to pay the aggregate of the principal of,
4
interest on, and premium, if any, on the bonds payable on their
5
next payment date, divided by the number of monthly transfers
6
occurring between the last previous payment date (or the
7
delivery date if no payment date has yet occurred) and the next
8
succeeding payment date. Interest payable on variable rate
9
bonds shall be calculated at the maximum rate of interest that
10
may be payable for the relevant period, after taking into
11
account any credits permitted in the related indenture or
12
other instrument against the amount of such interest required
13
to be appropriated for that period. Interest for which moneys
14
have already been deposited into the capitalized interest
15
account within the General Obligation Bond Retirement and
16
Interest Fund shall not be included in the calculation of the
17
amounts to be transferred under this subsection.
18

(b) On or before the last day of each month, the State
19
Treasurer and State Comptroller shall transfer from the
20
Capital Projects Fund to the General Obligation Bond
21
Retirement and Interest Fund an amount sufficient to pay the
22
aggregate of the principal of, interest on, and premium, if
23
any, on the bonds issued prior to January 1, 2012 pursuant to
24
Section 4(d) of the General Obligation Bond Act payable on
25
their next payment date, divided by the number of monthly
26
transfers occurring between the last previous payment date (or

SB3255 Enrolled
- 4 -
LRB104 19081 KTG 32526 b
1
the delivery date if no payment date has yet occurred) and the
2
next succeeding payment date. If the available balance in the
3
Capital Projects Fund is not sufficient for the transfer
4
required in this subsection, the State Treasurer and State
5
Comptroller shall transfer the difference from the Road Fund
6
to the General Obligation Bond Retirement and Interest Fund;
7
except that such Road Fund transfers shall constitute a debt
8
of the Capital Projects Fund which shall be repaid according
9
to subsection (c). Interest payable on variable rate bonds
10
shall be calculated at the maximum rate of interest that may be
11
payable for the relevant period, after taking into account any
12
credits permitted in the related indenture or other instrument
13
against the amount of such interest required to be
14
appropriated for that period. Interest for which moneys have
15
already been deposited into the capitalized interest account
16
within the General Obligation Bond Retirement and Interest
17
Fund shall not be included in the calculation of the amounts to
18
be transferred under this subsection.
19

(c) On the first day of any month when the Capital Projects
20
Fund is carrying a debt to the Road Fund due to the provisions
21
of subsection (b), the State Treasurer and State Comptroller
22
shall transfer from the Capital Projects Fund to the Road Fund
23
an amount sufficient to discharge that debt. These transfers
24
to the Road Fund shall continue until the Capital Projects
25
Fund has repaid to the Road Fund all transfers made from the
26
Road Fund pursuant to subsection (b). Notwithstanding any

SB3255 Enrolled
- 5 -
LRB104 19081 KTG 32526 b
1
other law to the contrary, transfers to the Road Fund from the
2
Capital Projects Fund shall be made prior to any other
3
expenditures or transfers out of the Capital Projects Fund.
4
(Source: P.A. 103-7, eff. 7-1-23; 103-591, eff. 7-1-24; 104-8,
5
eff. 1-1-26
.)

6
Article 10.

7

Section 10-5.
The General Obligation Bond Act is amended
8
by changing Sections 2, 3, 4, 6, and 7 as follows:

9

(30 ILCS 330/2)

(from Ch. 127, par. 652)
10

Sec. 2.
Authorization for Bonds.
The State of Illinois is
11
authorized to issue, sell and provide for the retirement of
12
General Obligation Bonds of the State of Illinois for the
13
categories and specific purposes expressed in Sections 2
14
through 8 of this Act, in the total amount of
$85,137,839,969

15
$82,664,839,969
.
16

The bonds authorized in this Section 2 and in Section 16 of
17
this Act are herein called "Bonds".
18

Of the total amount of Bonds authorized in this Act, up to
19
$2,200,000,000 in aggregate original principal amount may be
20
issued and sold in accordance with the Baccalaureate Savings
21
Act in the form of General Obligation College Savings Bonds.
22

Of the total amount of Bonds authorized in this Act, up to
23
$300,000,000 in aggregate original principal amount may be

SB3255 Enrolled
- 6 -
LRB104 19081 KTG 32526 b
1
issued and sold in accordance with the Retirement Savings Act
2
in the form of General Obligation Retirement Savings Bonds.
3

Of the total amount of Bonds authorized in this Act, the
4
additional $10,000,000,000 authorized by Public Act 93-2, the
5
$3,466,000,000 authorized by Public Act 96-43, and the
6
$4,096,348,300 authorized by Public Act 96-1497 shall be used
7
solely as provided in Section 7.2.
8

Of the total amount of Bonds authorized in this Act, the
9
additional $6,000,000,000 authorized by Public Act 100-23
10
shall be used solely as provided in Section 7.6 and shall be
11
issued by December 31, 2017.
12

Of the total amount of Bonds authorized in this Act,
13
$2,200,000,000 of the additional amount authorized by Public
14
Act 100-587, Public Act 102-718, and
Public Act 104-8

this
15
amendatory Act of the 104th General Assembly
shall be used
16
solely as provided in Section 7.7.
17

The issuance and sale of Bonds pursuant to the General
18
Obligation Bond Act is an economical and efficient method of
19
financing the long-term capital needs of the State. This Act
20
will permit the issuance of a multi-purpose General Obligation
21
Bond with uniform terms and features. This will not only lower
22
the cost of registration but also reduce the overall cost of
23
issuing debt by improving the marketability of Illinois
24
General Obligation Bonds.
25
(Source: P.A. 103-7, eff. 7-1-23; 103-591, eff. 7-1-24; 104-8,
26
eff. 1-1-26
.)

SB3255 Enrolled
- 7 -
LRB104 19081 KTG 32526 b
1

(30 ILCS 330/3)

(from Ch. 127, par. 653)
2

Sec. 3.
Capital facilities.
The amount of
$23,642,011,269

3
$21,769,011,269
is authorized to be used for the acquisition,
4
development, construction, reconstruction, improvement,
5
demolition, financing, architectural planning and installation
6
of capital facilities within the State, consisting of
7
buildings, structures, durable equipment, land, interests in
8
land, and the costs associated with the purchase and
9
implementation of information technology, including but not
10
limited to the purchase of hardware and software, for the
11
following specific purposes:
12

(a)
$7,408,676,500

$6,908,676,500
for educational
13

purposes by State universities and public community
14

colleges, the Illinois Community College Board created by
15

the Public Community College Act and for grants to public
16

community colleges as authorized by Sections 5-11 and 5-12
17

of the Public Community College Act;
18

(b) $2,590,506,300 for correctional purposes at State
19

prison and correctional centers;
20

(c) $751,492,300 for open spaces, recreational and
21

conservation purposes and the protection of land,
22

including expenditures and grants for the Illinois
23

Conservation Reserve Enhancement Program and for ecosystem
24

restoration and for plugging of abandoned wells;
25

(d) $1,078,503,900 for State child care facilities,

SB3255 Enrolled
- 8 -
LRB104 19081 KTG 32526 b
1

mental and public health facilities, and facilities for
2

the care of veterans with disabilities and their spouses,
3

and for grants to public and private community health
4

centers, hospitals, and other health care providers for
5

capital facilities;
6

(e)
$10,427,753,300

$9,054,753,300
for use by the
7

State, its departments, authorities, public corporations,
8

commissions and agencies, including renewable energy
9

upgrades at State facilities;
10

(f) $818,100 for cargo handling facilities at port
11

districts and for breakwaters, including harbor entrances,
12

at port districts in conjunction with facilities for small
13

boats and pleasure crafts;
14

(g) $425,457,000 for water resource management
15

projects, including flood mitigation and State dam and
16

waterway projects;
17

(h) $16,940,269 for the provision of facilities for
18

food production research and related instructional and
19

public service activities at the State universities and
20

public community colleges;
21

(i) $75,134,700 for grants by the Secretary of State,
22

as State Librarian, for central library facilities
23

authorized by Section 8 of the Illinois Library System Act
24

and for grants by the Capital Development Board to units
25

of local government for public library facilities;
26

(j) $25,000,000 for the acquisition, development,

SB3255 Enrolled
- 9 -
LRB104 19081 KTG 32526 b
1

construction, reconstruction, improvement, financing,
2

architectural planning and installation of capital
3

facilities consisting of buildings, structures, durable
4

equipment and land for grants to counties, municipalities
5

or public building commissions with correctional
6

facilities that do not comply with the minimum standards
7

of the Department of Corrections under Section 3-15-2 of
8

the Unified Code of Corrections;
9

(k) $5,011,600 for grants by the Department of
10

Conservation for improvement or expansion of aquarium
11

facilities located on property owned by a park district;
12

(l) $599,590,000 to State agencies for grants to local
13

governments for the acquisition, financing, architectural
14

planning, development, alteration, installation, and
15

construction of capital facilities consisting of
16

buildings, structures, durable equipment, and land; and
17

(m) $237,127,300 for the Illinois Open Land Trust
18

Program as defined by the Illinois Open Land Trust Act.
19

The amounts authorized above for capital facilities may be
20
used for the acquisition, installation, alteration,
21
construction, or reconstruction of capital facilities and for
22
the purchase of equipment for the purpose of major capital
23
improvements which will reduce energy consumption in State
24
buildings or facilities.
25
(Source: P.A. 103-7, eff. 7-1-23; 103-591, eff. 7-1-24; 104-8,
26
eff. 1-1-26
.)

SB3255 Enrolled
- 10 -
LRB104 19081 KTG 32526 b
1

(30 ILCS 330/4)

(from Ch. 127, par. 654)
2

Sec. 4.
Transportation.
The amount of
$27,548,062,400

3
$27,048,062,400
is authorized for use by the Department of
4
Transportation for the specific purpose of promoting and
5
assuring rapid, efficient, and safe highway, air and mass
6
transportation for the inhabitants of the State by providing
7
monies, including the making of grants and loans, for the
8
acquisition, construction, reconstruction, extension and
9
improvement of the following transportation facilities and
10
equipment, and for the acquisition of real property and
11
interests in real property required or expected to be required
12
in connection therewith as follows:
13

(a) $11,921,354,200 for State highways, arterial highways,
14
freeways, roads, bridges, structures separating highways and
15
railroads and roads, bridges on roads maintained by counties,
16
municipalities, townships, or road districts, and grants to
17
counties, municipalities, townships, or road districts for
18
planning, engineering, acquisition, construction,
19
reconstruction, development, improvement, extension, and all
20
construction-related expenses of the public infrastructure and
21
other transportation improvement projects for the following
22
specific purposes:
23

(1) $9,819,221,200 for use statewide,
24

(2) $3,677,000 for use outside the Chicago urbanized
25

area,

SB3255 Enrolled
- 11 -
LRB104 19081 KTG 32526 b
1

(3) $7,543,000 for use within the Chicago urbanized
2

area,
3

(4) $13,060,600 for use within the City of Chicago,
4

(5) $58,991,500 for use within the counties of Cook,
5

DuPage, Kane, Lake, McHenry and Will,
6

(6) $18,860,900 for use outside the counties of Cook,
7

DuPage, Kane, Lake, McHenry and Will, and
8

(7) $2,000,000,000 for use on projects included in
9

either (i) the FY09-14 Proposed Highway Improvement
10

Program as published by the Illinois Department of
11

Transportation in May 2008 or (ii) the FY10-15 Proposed
12

Highway Improvement Program to be published by the
13

Illinois Department of Transportation in the spring of
14

2009; except that all projects must be maintenance
15

projects for the existing State system with the goal of
16

reaching 90% acceptable condition in the system statewide
17

and further except that all projects must reflect the
18

generally accepted historical distribution of projects
19

throughout the State.
20

(b) $5,966,379,900 for rail facilities and for mass
21
transit facilities, as defined in Section 2705-305 of the
22
Department of Transportation Law, including rapid transit,
23
rail, bus and other equipment used in connection therewith by
24
the State or any unit of local government, special
25
transportation district, municipal corporation or other
26
corporation or public authority authorized to provide and

SB3255 Enrolled
- 12 -
LRB104 19081 KTG 32526 b
1
promote public transportation within the State or 2 or more of
2
the foregoing jointly, for the following specific purposes:
3

(1) $4,387,063,600 statewide,
4

(2) $83,350,000 for use within the counties of Cook,
5

DuPage, Kane, Lake, McHenry and Will,
6

(3) $12,450,000 for use outside the counties of Cook,
7

DuPage, Kane, Lake, McHenry and Will, and
8

(4) $1,000,916,300 for use on projects that shall
9

reflect the generally accepted historical distribution of
10

projects throughout the State.
11

(c) $482,600,000 for airport or aviation facilities and
12
any equipment used in connection therewith, including
13
engineering and land acquisition costs, by the State or any
14
unit of local government, special transportation district,
15
municipal corporation or other corporation or public authority
16
authorized to provide public transportation within the State,
17
or 2 or more of the foregoing acting jointly.
18

(d)
$5,160,328,300

$4,660,328,300
for use statewide for
19
State or local highways, arterial highways, freeways, roads,
20
bridges, and structures separating highways and railroads and
21
roads, and for grants to counties, municipalities, townships,
22
or road districts for planning, engineering, acquisition,
23
construction, reconstruction, development, improvement,
24
extension, and all construction-related expenses of the public
25
infrastructure and other transportation improvement projects
26
which are related to economic development in the State of

SB3255 Enrolled
- 13 -
LRB104 19081 KTG 32526 b
1
Illinois.
2

(e) $4,500,000,000 for use statewide for grade crossings,
3
port facilities, airport facilities, rail facilities, and mass
4
transit facilities, as defined in Section 2705-305 of the
5
Department of Transportation Law of the Civil Administrative
6
Code of Illinois, including rapid transit, rail, bus and other
7
equipment used in connection therewith by the State or any
8
unit of local government, special transportation district,
9
municipal corporation or other corporation or public authority
10
authorized to provide and promote public transportation within
11
the State or 2 or more of the foregoing jointly.
12
(Source: P.A. 104-2, eff. 6-16-25.)

13

(30 ILCS 330/6)

(from Ch. 127, par. 656)
14

Sec. 6.
Anti-Pollution.
15

(a) The amount of
$752,650,642

$611,814,300
is authorized
16
for allocation by the Environmental Protection Agency for
17
grants or loans to units of local government, including grants
18
to disadvantaged communities without modern sewage systems, in
19
such amounts, at such times and for such purpose as the Agency
20
deems necessary or desirable for the planning, financing, and
21
construction of sewage treatment works and solid waste
22
disposal facilities and for making of deposits into the Water
23
Revolving Fund
(now the Clean Water State Revolving Fund and
24
the Drinking Water State Revolving Fund)
and the U.S.
25
Environmental Protection Fund to provide assistance in

SB3255 Enrolled
- 14 -
LRB104 19081 KTG 32526 b
1
accordance with the provisions of Title IV-A of the
2
Environmental Protection Act.
3

(b) The amount of $236,500,000 is authorized for
4
allocation by the Environmental Protection Agency for payment
5
of claims submitted to the State and approved for payment
6
under the Leaking Underground Storage Tank Program established
7
in Title XVI of the Environmental Protection Act.
8
(Source: P.A. 103-7, eff. 7-1-23.)

9

(30 ILCS 330/7)

(from Ch. 127, par. 657)
10

Sec. 7.
Coal and Energy Development.
The amount of
11
$171,863,658

$212,700,000
is authorized to be used by the
12
Department of Commerce and Economic Opportunity (formerly
13
Department of Commerce and Community Affairs) for coal and
14
energy development purposes, pursuant to Sections 2, 3 and 3.1
15
of the Illinois Coal and Energy Development Bond Act, for the
16
purposes specified in Section 8.1 of the Energy Conservation
17
and Coal Development Act, for the purposes specified in
18
Section 605-332 of the Department of Commerce and Economic
19
Opportunity Law of the Civil Administrative Code of Illinois,
20
and for the purpose of facility cost reports prepared pursuant
21
to Sections 1-58 or 1-75(d)(4) of the Illinois Power Agency
22
Act and for the purpose of development costs pursuant to
23
Section 8.1 of the Energy Conservation and Coal Development
24
Act. Of this amount:
25

(a)
$117,663,658

$128,500,000
is for the specific

SB3255 Enrolled
- 15 -
LRB104 19081 KTG 32526 b
1

purposes of acquisition, development, construction,
2

reconstruction, improvement, financing, architectural and
3

technical planning and installation of capital facilities
4

consisting of buildings, structures, durable equipment,
5

and land for the purpose of capital development of coal
6

resources within the State and for the purposes specified
7

in Section 8.1 of the Energy Conservation and Coal
8

Development Act;
9

(b)
$10,000,000

$20,000,000
is for the purposes
10

specified in Section 8.1 of the Energy Conservation and
11

Coal Development Act and making grants to generating
12

stations and coal gasification facilities within the State
13

of Illinois and to the owner of a generating station
14

located in Illinois and having at least three coal-fired
15

generating units with accredited summer capability greater
16

than 500 megawatts each at such generating station as
17

provided in Section 6 of that Bond Act;
18

(c) $13,200,000 is for research, development and
19

demonstration of forms of energy other than that derived
20

from coal, either on or off State property;
21

(d) $0 is for the purpose of providing financial
22

assistance to new electric generating facilities as
23

provided in Section 605-332 of the Department of Commerce
24

and Economic Opportunity Law of the Civil Administrative
25

Code of Illinois; and
26

(e)
$31,000,000

$51,000,000
is for the purpose of

SB3255 Enrolled
- 16 -
LRB104 19081 KTG 32526 b
1

facility cost reports prepared for not more than one
2

facility pursuant to Section 1-75(d)(4) of the Illinois
3

Power Agency Act and not more than one facility pursuant
4

to Section 1-58 of the Illinois Power Agency Act and for
5

the purpose of up to $6,000,000 of development costs
6

pursuant to Section 8.1 of the Energy Conservation and
7

Coal Development Act.
8
(Source: P.A. 103-7, eff. 7-1-23.)

9
Article 15.

10

Section 15-5.
The Build Illinois Bond Act is amended by
11
changing Sections 2, 4, and 13 as follows:

12

(30 ILCS 425/2)

(from Ch. 127, par. 2802)
13

Sec. 2.
Authorization for Bonds.
The State of Illinois is
14
authorized to issue, sell and provide for the retirement of
15
limited obligation bonds, notes and other evidences of
16
indebtedness of the State of Illinois in the total principal
17
amount of
$13,464,881,100

$12,098,881,100
herein called
18
"Bonds". Such amount of authorized Bonds shall be exclusive of
19
any refunding Bonds issued pursuant to Section 15 of this Act
20
and exclusive of any Bonds issued pursuant to this Section
21
which are redeemed, purchased, advance refunded, or defeased
22
in accordance with paragraph (f) of Section 4 of this Act.
23
Bonds shall be issued for the categories and specific purposes

SB3255 Enrolled
- 17 -
LRB104 19081 KTG 32526 b
1
expressed in Section 4 of this Act.
2
(Source: P.A. 103-7, eff. 7-1-23; 103-591, eff. 7-1-24; 104-8,
3
eff. 1-1-26
.)

4

(30 ILCS 425/4)

(from Ch. 127, par. 2804)
5

Sec. 4.
Purposes of Bonds.
Bonds shall be issued for the
6
following purposes and in the approximate amounts as set forth
7
below:
8

(a)
$5,074,094,533

$4,873,094,533
for the expenses of
9
issuance and sale of Bonds, including bond discounts, and for
10
planning, engineering, acquisition, construction,
11
reconstruction, development, improvement, demolition, and
12
extension of the public infrastructure in the State of
13
Illinois, including: the making of loans or grants to local
14
governments for waste disposal systems, water and sewer
lines

15
line extensions
and water distribution and purification
16
facilities, rail or air or water port improvements, gas and
17
electric utility extensions, publicly owned industrial and
18
commercial sites, buildings used for public administration
19
purposes and other public infrastructure capital improvements;
20
the making of loans or grants to units of local government for
21
financing and construction of wastewater facilities, including
22
grants to serve unincorporated areas; refinancing or retiring
23
bonds issued between January 1, 1987 and January 1, 1990 by
24
home rule municipalities, debt service on which is provided
25
from a tax imposed by home rule municipalities prior to

SB3255 Enrolled
- 18 -
LRB104 19081 KTG 32526 b
1
January 1, 1990 on the sale of food and drugs pursuant to
2
Section 8-11-1 of the Home Rule Municipal Retailers'
3
Occupation Tax Act or Section 8-11-5 of the Home Rule
4
Municipal Service Occupation Tax Act; the making of deposits
5
not to exceed $70,000,000 in the aggregate into the Water
6
Pollution Control Revolving Fund to provide assistance in
7
accordance with the provisions of Title IV-A of the
8
Environmental Protection Act; the planning, engineering,
9
acquisition, construction, reconstruction, alteration,
10
expansion, extension and improvement of highways, bridges,
11
structures separating highways and railroads, rest areas,
12
interchanges, access roads to and from any State or local
13
highway and other transportation improvement projects which
14
are related to economic development activities; the making of
15
loans or grants for planning, engineering, rehabilitation,
16
improvement or construction of rail and transit facilities;
17
the planning, engineering, acquisition, construction,
18
reconstruction and improvement of watershed, drainage, flood
19
control, recreation and related improvements and facilities,
20
including expenses related to land and easement acquisition,
21
relocation, control structures, channel work and clearing and
22
appurtenant work; the planning, engineering, acquisition,
23
construction, reconstruction and improvement of State
24
facilities and related infrastructure; the making of Park and
25
Recreational Facilities Construction (PARC) grants; the making
26
of grants to units of local government for community

SB3255 Enrolled
- 19 -
LRB104 19081 KTG 32526 b
1
development capital projects; the making of grants for
2
improvement and development of zoos and park district field
3
houses and related structures;
and
the making of grants for
4
improvement and development of Navy Pier and related
5
structures
; and the making of grants to units of local
6
government and school districts for permanent improvements, as
7
defined in Section 21 of the State Finance Act
.
8

(b)
$4,796,136,967

$4,101,136,967
for fostering economic
9
development and increased employment and fostering the well
10
being of the citizens of Illinois through community
11
development, including: the making of grants for improvement
12
and development of McCormick Place and related structures; the
13
planning and construction of a microelectronics research
14
center, including the planning, engineering, construction,
15
improvement, renovation and acquisition of buildings,
16
equipment and related utility support systems; the making of
17
loans to businesses and investments in small businesses;
18
acquiring real properties for industrial or commercial site
19
development; acquiring, rehabilitating and reconveying
20
industrial and commercial properties for the purpose of
21
expanding employment and encouraging private and other public
22
sector investment in the economy of Illinois; the payment of
23
expenses associated with siting the Superconducting Super
24
Collider Particle Accelerator in Illinois and with its
25
acquisition, construction, maintenance, operation, promotion
26
and support; the making of loans for the planning,

SB3255 Enrolled
- 20 -
LRB104 19081 KTG 32526 b
1
engineering, acquisition, construction, improvement and
2
conversion of facilities and equipment which will foster the
3
use of Illinois coal; the payment of expenses associated with
4
the promotion, establishment, acquisition and operation of
5
small business incubator facilities and agribusiness research
6
facilities, including the lease, purchase, renovation,
7
planning, engineering, construction and maintenance of
8
buildings, utility support systems and equipment designated
9
for such purposes and the establishment and maintenance of
10
centralized support services within such facilities; the
11
making of grants for transportation electrification
12
infrastructure projects that promote use of clean and
13
renewable energy; the making of capital expenditures and
14
grants for broadband development and for a statewide broadband
15
deployment grant program; the making of grants to public
16
entities and private persons and entities for community
17
development capital projects; the making of grants to public
18
entities and private persons and entities for capital projects
19
in the context of grant programs focused on assisting
20
economically depressed areas, expanding affordable
and middle

21
housing, supporting the provision of human services,
22
supporting emerging technology enterprises, fostering the
23
advancement of quantum information science and technology, and
24
supporting minority owned businesses; and the making of grants
25
or loans to units of local government for Urban Development
26
Action Grant and Housing Partnership programs.

SB3255 Enrolled
- 21 -
LRB104 19081 KTG 32526 b
1

(c)
$3,296,776,600

$2,846,776,600
for the development and
2
improvement of educational, scientific, technical and
3
vocational programs and facilities and the expansion of health
4
and human services for all citizens of Illinois, including:
5
the making of grants to school districts and not-for-profit
6
organizations for early childhood construction projects
7
pursuant to Section 5-300 of the School Construction Law; the
8
making of grants to educational institutions
, for-profit
9
entities, and not-for-profit entities
for educational,
10
scientific, technical and vocational program equipment and
11
facilities; the making of grants to museums for equipment and
12
facilities; the making of construction and improvement grants
13
and loans to public libraries and library systems; the making
14
of grants and loans for planning, engineering, acquisition and
15
construction of a new State central library in Springfield;
16
the planning, engineering, acquisition and construction of an
17
animal and dairy sciences facility; the planning, engineering,
18
acquisition and construction of a campus and all related
19
buildings, facilities, equipment and materials for Richland
20
Community College; the acquisition, rehabilitation and
21
installation of equipment and materials for scientific and
22
historical surveys; the making of grants or loans for
23
distribution to eligible vocational education instructional
24
programs for the upgrading of vocational education programs,
25
school shops and laboratories, including the acquisition,
26
rehabilitation and installation of technical equipment and

SB3255 Enrolled
- 22 -
LRB104 19081 KTG 32526 b
1
materials; the making of grants or loans for distribution to
2
eligible local educational agencies for the upgrading of math
3
and science instructional programs, including the acquisition
4
of instructional equipment and materials; miscellaneous
5
capital improvements for universities and community colleges
6
including the planning, engineering, construction,
7
reconstruction, remodeling, improvement, repair and
8
installation of capital facilities and costs of planning,
9
supplies, equipment, materials, services, and all other
10
required expenses; the making of grants or loans for repair,
11
renovation and miscellaneous capital improvements for
12
privately operated colleges and universities and community
13
colleges, including the planning, engineering, acquisition,
14
construction, reconstruction, remodeling, improvement, repair
15
and installation of capital facilities and costs of planning,
16
supplies, equipment, materials, services, and all other
17
required expenses; and the making of grants or loans
for
18
distribution to local governments
for hospital and other
19
health care facilities including the planning, engineering,
20
acquisition, construction, reconstruction, remodeling,
21
improvement, repair and installation of capital facilities and
22
costs of planning, supplies, equipment, materials, services
23
and all other required expenses.
24

(d)
$297,873,000

$277,873,000
for protection,
25
preservation, restoration and conservation of environmental
26
and natural resources, including: the making of grants to soil

SB3255 Enrolled
- 23 -
LRB104 19081 KTG 32526 b
1
and water conservation districts for the planning and
2
implementation of conservation practices and for funding
3
contracts with the Soil Conservation Service for watershed
4
planning; the making of grants to units of local government
5
for the capital development and improvement of recreation
6
areas, including planning and engineering costs, sewer
7
projects, including planning and engineering costs and water
8
projects, including planning and engineering costs, and for
9
the acquisition of open space lands, including the acquisition
10
of easements and other property interests of less than fee
11
simple ownership; the making of grants to units of local
12
government through the Illinois Green Infrastructure Grant
13
Program to protect water quality and mitigate flooding; the
14
acquisition and related costs and development and management
15
of natural heritage lands, including natural areas and areas
16
providing habitat for endangered species and nongame wildlife,
17
and buffer area lands; the acquisition and related costs and
18
development and management of habitat lands, including forest,
19
wildlife habitat and wetlands; and the removal and disposition
20
of hazardous substances, including the cost of project
21
management, equipment, laboratory analysis, and contractual
22
services necessary for preventative and corrective actions
23
related to the preservation, restoration and conservation of
24
the environment, including deposits not to exceed $60,000,000
25
in the aggregate into the Hazardous Waste Fund and the
26
Brownfields Redevelopment Fund for improvements in accordance

SB3255 Enrolled
- 24 -
LRB104 19081 KTG 32526 b
1
with the provisions of Titles V and XVII of the Environmental
2
Protection Act.
3

(e) The amount specified in paragraph (a) above shall
4
include an amount necessary to pay reasonable expenses of each
5
issuance and sale of the Bonds, as specified in the related
6
Bond Sale Order (hereinafter defined).
7

(f) Any unexpended proceeds from any sale of Bonds which
8
are held in the Build Illinois Bond Fund may be used to redeem,
9
purchase, advance refund, or defease any Bonds outstanding.
10
(Source: P.A. 103-7, eff. 7-1-23; 103-591, eff. 7-1-24; 104-8,
11
eff. 1-1-26
.)

12

(30 ILCS 425/13)

(from Ch. 127, par. 2813)
13

Sec. 13.
Computation of principal and interest; transfer
14
from Build Illinois Bond Account; payment from Build Illinois
15
Bond Retirement and Interest Fund.
Upon each delivery of
16
Bonds authorized to be issued under this Act, the trustee
17
under the Master Indenture shall compute and certify to the
18
Director of the Governor's Office of Management and Budget,
19
the Comptroller and the Treasurer (a) the total amount of the
20
principal of and the interest and the premium, if any, on the
21
Bonds then being issued and on Bonds previously issued and
22
outstanding that will be payable in order to retire such Bonds
23
at their stated maturities or mandatory sinking fund payment
24
dates and (b) the amount of principal of and interest and
25
premium, if any, on such Bonds that will be payable on each

SB3255 Enrolled
- 25 -
LRB104 19081 KTG 32526 b
1
principal, interest and mandatory sinking fund payment date
2
according to the tenor of such Bonds during the then current
3
and each succeeding fiscal year. Such certifications shall
4
include with respect to interest payable on Variable Rate
5
Bonds the maximum amount of interest which may be payable for
6
the relevant period after taking into account any credits
7
permitted in the related indenture against the amount of such
8
interest required to be appropriated for such period pursuant
9
to subsection (c) of Section 11 of this Act.
10

On or before June 20, 1993 and on or before each June 20
11
thereafter so long as Bonds remain outstanding, the trustee
12
under the Master Indenture shall deliver to the Director of
13
the Governor's Office of Management and Budget (formerly
14
Bureau of the Budget), the Comptroller and the Treasurer a
15
certificate setting forth the "Certified Annual Debt Service
16
Requirement" (hereinafter defined) for the next succeeding
17
fiscal year. If Bonds are issued subsequent to the delivery of
18
any such certificate, upon the issuance of such Bonds the
19
trustee under the Master Indenture shall deliver a
20
supplemental certificate setting forth the revisions, if any,
21
in the Certified Annual Debt Service Requirement resulting
22
from the issuance of such Bonds. The "Certified Annual Debt
23
Service Requirement" for any fiscal year shall be an amount
24
equal to (a) the aggregate amount of principal, interest and
25
premium, if any, payable on outstanding Bonds during such
26
fiscal year plus (b) the amount required to be deposited into

SB3255 Enrolled
- 26 -
LRB104 19081 KTG 32526 b
1
any reserve fund securing such Bonds or for the purpose of
2
retiring or defeasing such Bonds plus (c) the amount of any
3
deficiencies in required transfers of amounts described in
4
clauses (a) and (b) for any prior fiscal year, minus (d) the
5
amount, if any, of such interest to be paid from Bond proceeds
6
on deposit under any indenture; provided, however, that
7
interest payable on Variable Rate Bonds shall be calculated at
8
the maximum rate of interest which may be payable during such
9
fiscal year after taking into account any credits permitted in
10
the related indenture against the amount of such interest
11
required to be appropriated for such period pursuant to
12
subsection (c) of Section 11 of this Act.
13

In each month during fiscal years 1986 through 1993, the
14
State Treasurer and Comptroller shall transfer, on the last
15
day of such month, from the Build Illinois Bond Account to the
16
Build Illinois Bond Retirement and Interest Fund and shall
17
make payment from the Build Illinois Bond Retirement and
18
Interest Fund to the trustee under the Master Indenture of an
19
amount equal to 1/12 of 150% of the amount set forth below for
20
each such fiscal year, plus any cumulative deficiency in such
21
transfers and payments for prior months; provided that such
22
transfers shall commence in October, 1985 and such amounts for
23
fiscal year 1986 shall equal 1/9 of 150% of the amount set
24
forth below for such fiscal year:
25
Fiscal Year
Amount
26
1986
$15,000,000

SB3255 Enrolled
- 27 -
LRB104 19081 KTG 32526 b
1
1987
$25,000,000
2
1988
$40,000,000
3
1989
$54,000,000
4
1990
$85,400,000
5
1991
$133,600,000
6
1992
$164,400,000
7
1993
$188,900,000
8
provided that payments of such amounts from the Build Illinois
9
Bond Retirement and Interest Fund to the trustee under the
10
Master Indenture shall commence on the last day of the month in
11
which Bonds are initially issued under this Act; and, further
12
provided, that the first such payment to said trustee shall
13
equal the entire amount then on deposit in the Build Illinois
14
Bond Retirement and Interest Fund; and, further provided, that
15
the aggregate amount of transfers and payments for any such
16
fiscal year shall not exceed the amount set forth above for
17
such fiscal year.
18

In each month in which Bonds are outstanding during fiscal
19
year 1994 and each fiscal year thereafter, the State Treasurer
20
and Comptroller shall transfer, on the last day of such month,
21
(i) with respect to Bonds constituting bonds issued pursuant
22
to the bond authorization under this Act enacted pursuant to
23
Public Act 96-36, Public Act 96-1554, Public Act 98-94,
and

24
Public Act 103-591
, and this amendatory Act of the 104th
25
General Assembly,
(and any refunding Bonds issued to refund
26
such Bonds), first from the Capital Projects Fund and second,

SB3255 Enrolled
- 28 -
LRB104 19081 KTG 32526 b
1
if needed, from the Build Illinois Bond Account and (ii) with
2
respect to all other Bonds not described in clause (i), from
3
the Build Illinois Bond Account, in each case, to the Build
4
Illinois Bond Retirement and Interest Fund and shall make
5
payment from the Build Illinois Bond Retirement and Interest
6
Fund to the trustee under the Master Indenture of an amount
7
equal to the greater of (a) 1/12th of 150% of the Certified
8
Annual Debt Service Requirement or (b) the Tax Act Amount (as
9
defined in Section 3 of the "Retailers' Occupation Tax Act",
10
as amended) deposited in the Build Illinois Bond Account
11
during such month, plus any cumulative deficiency in such
12
transfers and payments for prior months; provided that such
13
transfers and payments for any such fiscal year shall not
14
exceed the greater of (a) the Certified Annual Debt Service
15
Requirement or (b) the Tax Act Amount.
16
(Source: P.A. 103-591, eff. 7-1-24; 104-8, eff. 1-1-26
.)

17
Article 99.

18

Section 99-99.
Effective date.
This Act takes effect upon
19
becoming law.

Footer

Disclaimer

This site is maintained for the Illinois General Assembly by the
Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706.

Contact ILGA Webmaster

ILGA.gov uses cookies to ensure you get the best experience on our website. By continuing to browse ILGA.gov you consent to our use of cookies.
Read About Cookies

ILGA.GOV

2026 ILGA.gov | All Rights Reserved |
ADA

|
Disclaimers
|
Learn

This site is maintained for the Illinois General Assembly by the
Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706.
Contact ILGA Webmaster

ILGA.gov uses cookies to ensure you get the best experience on our website. By continuing to browse ILGA.gov you consent to our use of cookies.
Read About Cookies

ILGA.GOV

2026 ILGA.gov | All Rights Reserved |
ADA

|
Disclaimers
|
Learn