IL HB5205 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Local Government Debt Reform Act. Provides that, whenever a governmental unit has been granted the power or authority to issue bonds, the governmental unit may incur debt provided that the governmental unit shall first make a finding that the particular instrument of indebtedness selected is the most cost-effective means and is the most appropriate method for the particular purpose for which the funds are to be used. Effective immediately.
Title
LOCAL GOVT DEBT-FINDING
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2013-01-08 | House | Session Sine Die |
| 2012-02-08 | House | Referred to Rules Committee |
| 2012-02-08 | House | First Reading |
| 2012-02-08 | House | Filed with the Clerk by Rep. Mike Fortner |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 30 | 350 | 4 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5205&GAID=11&DocTypeID=HB&SessionID=84&GA=97 |
| Text | https://www.ilga.gov/legislation/97/HB/09700HB5205.htm |
