Illinois General Assembly - Bill Status for HB0308
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 Bill Status of HB0308  101st General Assembly


Short Description:  FINANCE-STACKED ALT BOND DEBT

House Sponsors
Rep. David McSweeney

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 350/3from Ch. 17, par. 6903
30 ILCS 350/15from Ch. 17, par. 6915


Synopsis As Introduced
Amends the Local Government Debt Reform Act. Provides that no alternate bonds shall be issued if the issuance of such bonds would create or continue the accumulation of stacked alternate-bonded debt. Provides that provisions concerning stacked alternate-bonded debt do not apply to any transactions or agreements concerning debt that may be in place before the effective date of this amendatory Act. Defines "stacked alternate-bonded debt". Effective immediately.

Actions 
DateChamber Action
  1/10/2019HouseFiled with the Clerk by Rep. David McSweeney
  1/10/2019HouseFirst Reading
  1/10/2019HouseReferred to Rules Committee
  2/5/2019HouseAssigned to Revenue & Finance Committee
  2/14/2019HouseTo Property Tax Subcommittee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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