Appropriates $2 from the General Revenue Fund to the State Police Merit Board for its FY04 ordinary and contingent expenses. Effective July 1, 2003.
Amends the Public Utilities Act. Defines a residential service price-cap company as a telecommunications carrier that provided local exchange telecommunications service to 100,000 or more residential users on January 1, 2003, using a network elements platform required to be provided to the carrier under the Act. Provides that a residential service price-cap company shall certify to the Illinois Commerce Commission that its rates for basic residential service are no greater than the rates in effect on January 1, 2003. Provides that if a residential services price-cap company does not increase its rates during the period beginning on the effective date of this amendatory Act of the 93rd General Assembly and ending on July 1, 2005 to a level greater than the rates that were in effect on January 1, 2003, then, during that period, neither the Commission nor any incumbent local exchange carrier shall approve an increase in the rate for a network elements platform charged to a residential service price-cap company or reduce the network elements available to residential service price-cap companies for purchase below that which is available on January 1, 2003.
Creates the State Building Conservation Act. Requires the Department of Central Management Services to adopt and publish energy conservation standards for all construction of new State capital projects. Requires certain State agencies to reduce energy use in public buildings that they administer by 10% per square foot on or before July 1, 2008 and by 15% on or before July 1, 2011. Requires all State agencies to procure energy efficient products certified by the federal government as Energy Star products or certified under the Federal Energy Management Program unless the products are shown not to be cost-effective on a life cycle cost basis.
Appropriates $2 from the General Revenue Fund to the East St. Louis Financial Advisory Authority for its FY04 ordinary and contingent expenses. Effective July 1, 2003.
Appropriates $2 from the General Revenue Fund to the Office of the State's Attorneys Appellate Prosecutor for its FY04 ordinary and contingent expenses. Effective July 1, 2003.
Appropriates $2 from the General Revenue Fund to Illinois State University for its FY04 ordinary and contingent expenses. Effective July 1, 2003.
Appropriates $2 from the General Revenue Fund to the Office of the State Appellate Defender for its FY04 ordinary and contingent expenses. Effective July 1, 2003.
Appropriates $2 from the General Revenue Fund to the Illinois Community College Board for its FY05 ordinary and contingent expenses. Effective July 1, 2004.
Amends the General Obligation Bond Act. Provides that the tobacco securitization bonds may be issued only in fiscal years 2003, 2004, and 2005 (now, only in fiscal year 2003). Amends the State Finance Act. Makes a technical change in a Section concerning the Tobacco Settlement Recovery Fund. Effective immediately.
Amends the Income Tax Act. Provides that a start-up business may apply to the Department of Revenue for a deferment of taxable income for the first 3 years that the business is in operation. Requires the taxpayer business to pay the deferred amounts in 5 equal annual installments in the 5 tax years after the 3-year deferment period. Requires the Department to approve the application if certain requirements have been met. Authorizes the Department to promulgate rules necessary for the administration of the deferment program. Effective January 1, 2005.
