PARK & RECREATION CONSTRUCTION

Creates the Park and Recreational Facility Construction Act. Authorizes the Department of Natural Resources to determine eligibility for and authorizes the Capitol Development Board (CDB) to make grants to park or recreation units for park or recreational facility construction projects. Establishes an application procedure. Requires the Department to establish eligibility standards and priority standards for park or recreational facility construction grants. Requires CDB to establish project standards for park or recreational facility construction grants and to generally supervise park or recreational facility construction projects. Requires a park or recreation unit to submit the construction project or its financing to a referendum if required by law. Provides that the Chicago Park District may use park or recreational facility construction grants for payment of debt service or a lease. Provides that park or recreation units eligible for but not awarded grants in a fiscal year shall continue to be considered in the next fiscal year. Authorizes CDB and the Department to promulgate rules concerning park or recreational facility construction grants. Requires the Department and CDB to file with the General Assembly a comprehensive report of the capital needs of all park or recreation units in this State before January 1, 2006 and every 2 years thereafter. Amends the State Finance Act to create the Park and Recreational Facility Construction Fund.