IL SB2198 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 3-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 3-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the General Obligation Bond Act. Allows for the use of existing bonding authority authorized under Public Act 96-1497 to re-issue and sell bonds of up to $2,200,000,000 and then deposit the proceeds of the sale into the General Obligation Bond Retirement and Interest Fund for the sole purpose of retiring bonds authorized by Public Act 96-1497. Provides that the bonds authorized by the amendatory Act shall be payable within 10 years. Exempts the bonds issued under the amendatory Act from requirements concerning total bond payments compared to aggregate appropriations from the general funds and Road Fund and from requirements concerning methods of sale.
Title
BONDS-PENSION BOND RETIREMENT
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-01-09 | Senate | Session Sine Die |
2017-05-12 | Senate | Rule 3-9(a) / Re-referred to Assignments |
2017-05-12 | Senate | Postponed - Executive |
2017-05-05 | Senate | Added as Chief Co-Sponsor Sen. Kyle McCarter |
2017-05-03 | Senate | Added as Chief Co-Sponsor Sen. Dan McConchie |
2017-05-02 | Senate | Assigned to Executive |
2017-05-02 | Senate | Rule 2-10 Committee Deadline Established As May 12, 2017 |
2017-04-27 | Senate | Referred to Assignments |
2017-04-27 | Senate | First Reading |
2017-04-27 | Senate | Filed with Secretary by Sen. Jim Oberweis |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
30 | 330 | 11 | Amended Code | Citation Text |
30 | 330 | 2.5 | Amended Code | Citation Text |
30 | 330 | 7.2 | Amended Code | Citation Text |
30 | 330 | 7.6 | New Code | See Bill Text |
30 | 330 | 9 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2198&GAID=14&DocTypeID=SB&SessionID=91&GA=100 |
Text | https://www.ilga.gov/legislation/100/SB/10000SB2198.htm |