Illinois House Bill 2584 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]

Amends the Local Government Debt Reform Act. Provides that all bonds, including general obligation bonds and revenue bonds issued under the Act, shall be secured by a statutory lien on all revenues received or entitled to be received. Provides that the statutory lien shall automatically attach from the time the bonds are issued without further action or authorization by the governing authority of the local public entity. Provides that the lien shall be a first priority lien unless the bonds so otherwise provide. Provides that the provisions apply to all bonds issued by a local public entity, including bonds issued by a local public entity with home rule authority, and that the bonds shall have all of the protection afforded to special revenue bonds under the federal Bankruptcy Code. Effective immediately.

LOCAL GOVT DEBT-STATUTORY LIEN

Rep. Anthony DeLuca [D]

Rep. Mark Batinick [R]

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2017-04-28	House	Rule 19(a) / Re-referred to Rules Committee
2017-04-28	House	House Floor Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
2017-04-26	House	House Floor Amendment No. 1 Rules Refers to Cities & Villages Committee
2017-04-24	House	House Floor Amendment No. 1 Referred to Rules Committee
2017-04-24	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Anthony DeLuca
2017-03-22	House	Added Chief Co-Sponsor Rep. Mark Batinick
2017-03-09	House	Placed on Calendar Order of 3rd Reading - Short Debate
2017-03-09	House	Second Reading - Short Debate
2017-03-08	House	Placed on Calendar 2nd Reading - Short Debate
2017-03-07	House	Do Pass / Short Debate Cities & Villages Committee; 014-000-000
2017-02-22	House	Assigned to Cities & Villages Committee
2017-02-08	House	Referred to Rules Committee
2017-02-08	House	First Reading
2017-02-08	House	Filed with the Clerk by Rep. Anthony DeLuca

Chapter	Article	Section	Citation Type	Statute Text
30	350	13.1	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2584&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB2584.htm
Text	https://www.ilga.gov/legislation/100/HB/10000HB2584eng.htm
Amendment	https://www.ilga.gov/legislation/100/HB/10000HB2584ham001.htm