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Illinois · Through at least Public Act 104-790

30 ILCS 105/8.25f: McCormick Place Expansion Project Fund.

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Where this section sits in the code
  1. CHAPTER 30 FINANCE
  2. State Finance Act.

(a) Deposits. The following amounts shall be deposited into the McCormick Place Expansion Project Fund in the State Treasury: (i) the moneys required to be deposited into the Fund under Section 9 of the Use Tax Act, Section 9 of the Service Occupation Tax Act, Section 9 of the Service Use Tax Act, and Section 3 of the Retailers' Occupation Tax Act and (ii) the moneys required to be deposited into the Fund under subsection (g) of Section 13 of the Metropolitan Pier and Exposition Authority Act. Notwithstanding the foregoing, the maximum amount that may be deposited into the McCormick Place Expansion Project Fund from item (i) shall not exceed the Total Deposit amounts with respect to the following fiscal years:

Fiscal Year Total Deposit

1993 $0

1994 53,000,000

1995 58,000,000

1996 61,000,000

1997 64,000,000

1998 68,000,000

1999 71,000,000

2000 75,000,000

2001 80,000,000

2002 93,000,000

2003 99,000,000

2004 103,000,000

2005 108,000,000

2006 113,000,000

2007 119,000,000

2008 126,000,000

2009 132,000,000

2010 139,000,000

2011 146,000,000

2012 153,000,000

2013 161,000,000

2014 170,000,000

2015 179,000,000

2016 189,000,000

2017 199,000,000

2018 210,000,000

2019 221,000,000

2020 233,000,000

2021 300,000,000

2022 300,000,000

2023 300,000,000

2024 300,000,000

2025 300,000,000

2026 300,000,000

2027 375,000,000

2028 375,000,000

2029 375,000,000

2030 375,000,000

2031 375,000,000

2032 375,000,000

2033 375,000,000

2034 375,000,000

2035 375,000,000

2036 450,000,000

and

each fiscal year thereafter

that bonds are outstanding

under Section 13.2 of the

Metropolitan Pier and Exposition

Authority Act, but not after

fiscal year 2060.

Provided that all amounts deposited in the Fund and requested in the Authority's certificate have been paid to the Authority, all amounts remaining in the McCormick Place Expansion Project Fund on the last day of any month shall be transferred to the General Revenue Fund.

(b) Authority certificate. Beginning with fiscal year 1994 and continuing for each fiscal year thereafter, the Chairman of the Metropolitan Pier and Exposition Authority shall annually certify to the State Comptroller and the State Treasurer the amount necessary and required, during the fiscal year with respect to which the certification is made, to pay the debt service requirements (including amounts to be paid with respect to arrangements to provide additional security or liquidity) on all outstanding bonds and notes, including refunding bonds, (collectively referred to as "bonds") in an amount issued by the Authority pursuant to Section 13.2 of the Metropolitan Pier and Exposition Authority Act. The certificate may be amended from time to time as necessary.

Collected 2026-09-15T04:46:18Z. Source file · JSON

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