[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 70 Introduced in House (IH)]

112th CONGRESS
  1st Session
H. J. RES. 70

To grant the consent of Congress to an amendment to the compact between 
the States of Missouri and Illinois providing that bonds issued by the 
   Bi-State Development Agency may mature in not to exceed 40 years.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 24, 2011

   Mr. Clay (for himself, Mr. Carnahan, Mr. Akin, and Mr. Costello) 
 introduced the following joint resolution; which was referred to the 
                       Committee on the Judiciary

_______________________________________________________________________

                            JOINT RESOLUTION


 
To grant the consent of Congress to an amendment to the compact between 
the States of Missouri and Illinois providing that bonds issued by the 
   Bi-State Development Agency may mature in not to exceed 40 years.

Whereas to grant the consent of Congress to an amendment to the compact between 
        the States of Missouri and Illinois providing that bonds issued by the 
        Bi-State Development Agency may mature in not to exceed 40 years;
Whereas the Congress in consenting to the compact between Missouri and Illinois 
        creating the Bi-State Development Agency and the Bi-State Metropolitan 
        District provided that no power shall be exercised by the Bi-State 
        Agency until such power has been conferred upon the Bi-State Agency by 
        the legislatures of the States to the compact and approved by an Act of 
        Congress;
Whereas such States previously enacted legislation providing that the Bi-State 
        Agency had the power to issue notes, bonds, or other instruments in 
        writing provided they shall mature in not to exceed 30 years, and 
        Congress consented to such power; and
Whereas such States have now enacted legislation amending this power: Now 
        therefore, be it
    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled,

SECTION 1. CONSENT.

    (a) In General.--The consent of Congress is given to the amendment 
of the powers conferred on the Bi-State Development Agency by Senate 
Bill 758, Laws of Missouri 2010 and Public Act 96-1520 (Senate Bill 
3342), Laws of Illinois 2010.
    (b) Effective Date.--The amendment to the powers conferred by the 
Acts consented to in subsection (a) shall take effect on December 17, 
2010.

SEC. 2. APPLICATION OF ACT OF AUGUST 31, 1950.

    The provisions of the Act of August 31, 1950 (64 Stat. 568) shall 
apply to the amendment approved under this joint resolution to the same 
extent as if such amendment was conferred under the provisions of the 
compact consented to in such Act.

SEC. 3. RIGHT TO ALTER, AMEND, OR REPEAL.

    The right to alter, amend, or repeal this joint resolution is 
expressly reserved.

SEC. 4. RESERVATION OF RIGHTS.

    The right is reserved to Congress to require the disclosure and 
furnishings of such information or data by the Bi-State Development 
Agency as is deemed appropriate by Congress.
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