IL SB0667 | 2017-2018 | 100th General Assembly

Status

Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 25 2017 - 25% progression
Action: 2017-02-17 - Added as Chief Co-Sponsor Sen. John G. Mulroe
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the General Obligation Bond Act. Provides that the unused portion of federal funds received for or as reimbursement for a capital facilities project (currently, the unused portion of federal funds received for a capital facilities project) shall remain in the Capital Development Board Contributory Trust Fund. Removes a provision providing that any federal funds received as reimbursement for the completed construction of a capital improvement project shall be deposited in the Capital Development Bond Retirement and Interest Fund. Amends the Capital Development Bond Act of 1972. Makes conforming changes. Effective immediately.

Tracking Information

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Title

CDB-FEDERAL FUNDS

Sponsors


History

DateChamberAction
2017-02-17SenateAdded as Chief Co-Sponsor Sen. John G. Mulroe
2017-02-16SenatePlaced on Calendar Order of 3rd Reading February 28, 2017
2017-02-16SenateSecond Reading
2017-02-09SenatePlaced on Calendar Order of 2nd Reading February 15, 2017
2017-02-09SenateDo Pass State Government; 008-000-000
2017-02-08SenateAdded as Chief Co-Sponsor Sen. Dale A. Righter
2017-02-01SenateAssigned to State Government
2017-01-25SenateReferred to Assignments
2017-01-25SenateFirst Reading
2017-01-25SenateFiled with Secretary by Sen. Iris Y. Martinez

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3033015Amended CodeCitation Text
304209aAmended CodeCitation Text

Illinois State Sources


Bill Comments

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