IL HB4862 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 25 2022 - 25% progression, died in committee
Action: 2022-01-27 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Creates the Better Opportunities for Learning and Development (BOLD) Act. Provides that a governmental unit may establish a property assessed individualized learning opportunity program and create a BOLD area or BOLD areas under the program. Provides that, under the program, the governmental unit may enter into an assessment contract with the record owner of property within a BOLD area to finance or refinance one or more individualized learning opportunities for a resident who owns the property or a child or ward of the resident owner. Sets forth required provisions for the contract with the resident owner. Contains other provisions. Effective immediately.

Tracking Information

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Title

FINANCE-BOLD ACT

Sponsors


History

DateChamberAction
2022-01-27HouseReferred to Rules Committee
2022-01-27HouseFirst Reading
2022-01-25HouseFiled with the Clerk by Rep. Deanne M. Mazzochi

Illinois State Sources


Bill Comments

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