Illinois House Bill 4464 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on February 3 2020 - 25% progression, died in committee
Action: 2020-02-03 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the State Finance Act. Provides that if State spending exceeds $31,374,000,000, then no member of the General Assembly shall receive any compensation for his or her service as a member of the General Assembly, including any salary, stipend, or per diem, for the remainder of the fiscal year or until such time as the Governor is presented with a bill or bills passed by the General Assembly to reduce State spending to a level that does not exceed the State spending limitation. Provides further requirements concerning the State spending limitation. Amends the General Obligation Bond Act. Authorizes the issuance of an additional $7,000,000,000 in State General Obligation Restructuring Bonds. Provides that the proceeds from that bond sale shall be used for the purpose of paying vouchers incurred by the State prior to July 1, 2020. Makes conforming changes. Effective immediately.

FINANCE-BONDS-SPENDING LIMIT

Rep. Allen Skillicorn [R]

Date	Chamber	Action
2020-02-03	House	Referred to Rules Committee
2020-02-03	House	First Reading
2020-02-03	House	Filed with the Clerk by Rep. Allen Skillicorn

Chapter	Article	Section	Citation Type	Statute Text
30	105	14.3	New Code	See Bill Text
30	330	11	Amended Code	Citation Text
30	330	12	Amended Code	Citation Text
30	330	13	Amended Code	Citation Text
30	330	2	Amended Code	Citation Text
30	330	2.5	Amended Code	Citation Text
30	330	7.8	New Code	See Bill Text
30	330	9	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4464&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB4464.htm