HB5423 - IDOT-TOWNSHIP REBUILD

1 Co-Sponsor

Amends the Illinois Highway Code. Provides for the establishment and administration of the Township Rebuild Program by the Department of Transportation. Provides that the Department use the Township Rebuild Fund to award grants of no greater than $250,000 to townships with populations under 2,000 for the purpose of expanding machinery storage facilities. Amends the Motor Fuel Tax Law. Creates the Township Rebuild Fund as a special fund in the State Treasury. Provides that the Fund shall receive transfers from the Motor Fuel Tax Fund sufficient to provide awards to all eligible townships in the Illinois Township Rebuild Program. Amends the State Finance Act to make a corresponding addition. Provides that the Township Rebuild Program Fund shall be used according to the purposes described in the Transportation Funds provisions of the Revenue Article of the Illinois Constitution.