Rep. Gary Hannig

Filed: 4/11/2006

 

 


 

 


 
09400SB1625ham004 LRB094 10335 BDD 58259 a

1
AMENDMENT TO SENATE BILL 1625

2     AMENDMENT NO. ______. Amend Senate Bill 1625, AS AMENDED,
3 by replacing everything after the enacting clause with the
4 following:
 
5     "Section 5. The Illinois Finance Authority Act is amended
6 by changing Section 845-5 as follows:
 
7     (20 ILCS 3501/845-5)
8     Sec. 845-5. The Authority may not have outstanding at any
9 one time bonds for any of its corporate purposes in an
10 aggregate principal amount exceeding $25,200,000,000
11 $24,000,000,000, excluding bonds issued to refund the bonds of
12 the Authority or bonds of the Predecessor Authorities.
13 (Source: P.A. 93-205, eff. 1-1-04; 93-1101, eff. 3-31-05.)
 
14     Section 99. Effective date. This Act takes effect upon
15 becoming law.".