Section 30 ILCS 105/8.25f - McCormick Place Expansion Project Fund(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.Amended by P.A. 101-0636,§ 15-5, eff. 6/10/2020.Amended by P.A. 096-0898,§ 5, eff. 5/27/2010. P.A. 90-612, eff. 7-8-98; 91-101, eff. 7-12-99; 92-208, eff. 8-2-01.