IL SB3161 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 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 Public Library District Act of 1991. Requires that only bonds and notes with an aggregate outstanding unpaid principal balance that exceeds 0.575% of the total assessed valuation of all taxable property in the library district must be approved by a majority of the voters of the district. Provides that a referendum is not required for bonds issued to refund any judgment indebtedness, including any unpaid public benefits and amounts assessed against any library district. Effective immediately.

Tracking Information

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Title

LIBRARIES-ISSUANCE OF BONDS

Sponsors


History

DateChamberAction
2013-01-08SenateSession Sine Die
2012-03-09SenateRule 3-9(a) / Re-referred to Assignments
2012-02-07SenateAssigned to Revenue
2012-02-01SenateReferred to Assignments
2012-02-01SenateFirst Reading
2012-02-01SenateFiled with Secretary by Sen. Edward D. Maloney

Code Citations

ChapterArticleSectionCitation TypeStatute Text
751640-15Amended CodeCitation Text

Illinois State Sources


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