Page 470

House Bill No. 5506

Public Act No. 22-118 470 of 739

technology for independence, purchase of vehicles and acquisition of property, not exceeding [$25,000,000] $20,000,000; Sec. 343. Section 20 of public act 20-1 is amended to read as follows (Effective July 1, 2022): The State Bond Commission shall have power, in accordance with the provisions of this section and sections 326 to 331, inclusive, of this act, from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts in the aggregate not exceeding [$406,500,000] $386,500,000. Sec. 344. Subsection (g) of section 21 of public act 20-1 is amended to read as follows (Effective July 1, 2022): (g) For the Department of Transportation: For construction, repair or maintenance of highways, roads, bridges, noise barriers or bus and rail facilities and equipment, not exceeding [$200,000,000] $180,000,000, provided not more than $75,000,000 shall be used for a matching grant program to assist municipalities to modernize existing traffic signal equipment and operations. Sec. 345. Section 1 of public act 21-111 is amended to read as follows (Effective July 1, 2022): The State Bond Commission shall have power, in accordance with the provisions of this section and sections 2 to 7, inclusive, of [this act] public act 21-111, from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts in the aggregate not exceeding [$334,558,500] $334,058,500. Sec. 346. Subsection (e) of section 2 of public act 21-111 is repealed. (Effective July 1, 2022) Sec. 347. Section 12 of public act 21-111, as amended by section 469 of