IL SB3144

Extends the repeal date of the Capital Development Board Revolving Fund from July 1, 2018 to July 1, 2022, allowing continued use of revenues from publications, copies, and contract administration fees.

Modifies the General Obligation Bond Act to clarify that unused federal funds received for or as reimbursement for capital facilities projects remain in the Capital Development Board Contributory Trust Fund for capital projects rather than being deposited in the General Obligation Bond Retirement and Interest Fund.

Amends the Capital Development Bond Act of 1972 with identical language regarding unused federal funds for capital improvement projects, requiring such funds to remain in the Capital Development Board Contributory Trust Fund.

Authorizes the Capital Development Board to make grants from the School Construction Fund in addition to the School Infrastructure Fund for school construction projects.