IL SB3224

Increases total General Obligation Bonds authorized from $49,317,925,743 to $49,917,925,743, an increase of $600,000,000

Increases transportation bond authorization from $14,848,199,000 to $15,948,199,000 ($1,100,000,000 increase), including raising the statewide highways, roads, and bridges allocation from $3,553,800,000 to $4,653,800,000

Decreases coal and energy development bond authorization from $742,700,000 to $242,700,000 ($500,000,000 decrease), eliminating the $500,000,000 allocation for financial assistance to new electric generating facilities

Maintains existing allocations for college savings bonds ($2,200,000,000) and retirement savings bonds ($300,000,000)

Takes effect upon becoming law