Bill Title: Amends the Illinois Municipal Code. Provides that home rule municipalities with a population over 1,000,000 may only authorize the conveyance of all or any portion of sales tax revenues to (i) corporations, trusts, or other entities that have been established for the limited purpose of issuing obligations for the benefit of a home rule municipality, or (ii) a bank or trust company in its capacity as trustee for obligations issued by the bank or trust company for the benefit of a home rule municipality. Effective immediately.
Spectrum: Bipartisan Bill
Status: (Failed) 2019-01-08 - Session Sine Die
[HB4225 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2018-01-09 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois HB4225 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois HB4225 currently on file. |
Social Comments on IL HB4225
