HB 3477

Abstract

Amends the Illinois Highway Code and the Toll Highway Act. Abolishes the Illinois State Toll Highway Authority on January 1, 2004. Provides that at that time, all duties, obligations, property, assets, and powers, including the power to issue bonds, shall be transferred to the Illinois Department of Transportation. Provides that the Department shall take over the management and operation of the existing toll highways in the State. Provides that all employees of the Authority on December 31, 2003 shall become employees of the Department, subject to layoff or reorganization by the Department. Provides for distribution of the assets of the Authority's employee pension plan. Provides that on and after January 1, 2004, the committee that advises the Authority on the toll highway system shall advise the Department instead. Requires the advisory committee to provide recommendations to the Department regarding the existing toll highways becoming freeways by January 1, 2015 or sooner. Effective immediately.