IIA 112th CONGRESS 1st Session S. J. RES. 22 IN THE SENATE OF THE UNITED STATES June 28, 2011 Mrs. McCaskill (for herself, Mr. Durbin, Mr. Kirk, and Mr. Blunt) introduced the following joint resolution; which was read twice and 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
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.
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.
3.
Right to alter, amend, or repeal
The right to alter, amend, or repeal this joint resolution is expressly reserved.
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.