HB0142 Summary: Rebuild Illinois Capital Financing Program Act of 2019

• Authorizes $78.3 billion in general obligation bonds for capital projects, an increase of $20.5 billion from previous authorization levels

• Creates five new special state funds: Multi-modal Transportation Bond Fund, Transportation Renewal Fund, Regional Transportation Authority Capital Improvement Fund, Downstate Mass Transportation Capital Improvement Fund, and Rebuild Illinois Projects Fund

• Increases bond authorization for transportation ($27.0 billion), capital facilities ($18.6 billion), and school construction ($3.1 billion), with allocations for highways, mass transit, universities, corrections, health facilities, and environmental protection

• Establishes Rebuild Illinois Projects Fund to receive gaming license fees and distribute grants for community development and capital projects

• Modifies bond issuance procedures and debt service requirements, including provisions for Income Tax Proceed Bonds and State Pension Obligation Acceleration Bonds