SB 276 — FINANCE-TECH

*LRB09903017SXM23025b* SB0276 99THEngrossed GENERALLRB099 ASSEMBLY03017 StateSXM of23025 Illinoisb andAN 2016ACT SB0276concerning Introducedfinance. 1/28/2015, by Sen.

John J.

Cullerton SYNOPSIS AS INTRODUCED:

ILCS 330/5 from Ch.

127, par.

655 Section concerning school construction bonds.kes a technical change in a LRB099 03017 SXM 23025 b A BILL FOR SB0276 LRB099 03017 SXM 23025 b AN ACT concerning finance.

The GeneralIllinois ObligationProcurement BondCode Act is amended by changingadding SectionSections 515-50 and 30-40 as follows:

(30 ILCS 330/5)500/15-50 (fromnew) Ch.Sec.

127,15-50. par.

655)Mandatory Sec.bidder or offeror meeting.

5.A State agency that holds a mandatory bidder or offeror meeting before the due date for bids or offers in a solicitation for services shall hold the bidder or offeror meeting at a location in the area where the services are to be rendered, or, if it is not feasible to hold the bidder or offeror meeting at such a location, then the State agency must make reasonable efforts to allow the use of technology to enable potential bidders or offerors to access and participate in the bidder or offeror meeting without being physically present.

SchoolA Construction.State agency holding a mandatory bidder or offeror meeting must provide notice of the bidder or offeror meeting in the online electronic Illinois Procurement Bulletin at least 21 days prior to the date of the bidder or offeror meeting.

(a)Nothing Thein Thethis amountSection ofshall $58,450,000preclude isa authorizedState toagency makefrom grantsimplementing toits localown schoolpre-qualification, districtscertification, fordisclosure, the acquisition, development, construction, reconstruction, rehabilitation, improvement, financing, architectural planning and installationregistration ofrequirements capitalnecessary facilities, including but not limited to thoseconduct requiredSB0276 forEngrossed special- education2 building- projectsLRB099 provided03017 forSXM in23025 Articleb 14 of The School Code, consisting of buildings, structures, and durablemanage equipment,its andprogram foroperation. the acquisition and improvement of real property and interests in real property required, or expected to be required, in connection therewith.

(b)(30 $22,550,000,ILCS or500/30-40 sonew) muchSec. thereof as may be necessary, for grants to school districts for the making of principal and interest payments, required to be made, on bonds issued by such school districts after January 1, 1969, pursuant to any indenture, ordinance, resolution, agreement or contract to SB0276 - 2 - LRB099 03017 SXM 23025 b provide funds for the acquisition, development, construction, reconstruction, rehabilitation, improvement, architectural planning and installation of capital facilities consisting of buildings, structures, durable equipment and land for educational purposes or for lease payments required to be made by a school district for principal and interest payments on bonds issued by a Public Building Commission after January 1, 1969.

(c)30-40. $10,000,000 for grants to school districts for the acquisition, development, construction, reconstruction, rehabilitation, improvement, architectural planning and installation of capital facilities consisting of buildings structures, durable equipment and land for special education building projects.

(d)Diversity $9,000,000in for grants to school districts for the reconstruction, rehabilitation, improvement, financing and architectural planning of capital facilities, including construction atmentorship anotherprogram. location to replace such capital facilities, consisting of those public school buildings and temporary school facilities which, prior to January 1, 1984, were condemned by the regional superintendent under Section 3-14.22 of The School Code or by any State official having jurisdiction over building safety.

(e)Within $3,050,000,000one foryear grantsof tothe schooleffective districtsdate forof schoolthis improvementamendatory projectsAct authorizedof the 99th General Assembly, the Capital Development Board shall establish, by administrative rule, a 4-year construction diversity mentorship program between the SchoolCapital ConstructionDevelopment Law.Board contractors and minority-owned, female-owned, and veteran-owned contractors and subcontractors.

The bondsmentorship shallprogram be sold in amounts not to SB0276 - 3 - LRB099 03017 SXM 23025 b exceed the following schedule, except any bonds not sold during one year shall be addeddesigned to theensure bondsand tofacilitate beincreased soldminority duringparticipation thein remainderconstruction ofcontracts. the schedule:

First year ..................................

$200,000,000 Second year..................................

$450,000,000 Third year ..................................

$500,000,000 Fourth year..................................

$500,000,000 Fifth year ..................................

$800,000,000 Sixth year and thereafter ....................

$600,000,000 (f) $1,600,000,000 grants to school districts for school implemented projects authorized by the School Construction Law.

(Source:

P.A.

98-94, eff.

7-17-13.)