Illinois General Assembly - Bill Status for HB4862
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 Bill Status of HB4862  102nd General Assembly

Short Description:  FINANCE-BOLD ACT

House Sponsors
Rep. Deanne M. Mazzochi

Last Action
DateChamber Action
  1/27/2022HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
New Act

Synopsis As Introduced
Creates the Better Opportunities for Learning and Development (BOLD) Act. Provides that a governmental unit may establish a property assessed individualized learning opportunity program and create a BOLD area or BOLD areas under the program. Provides that, under the program, the governmental unit may enter into an assessment contract with the record owner of property within a BOLD area to finance or refinance one or more individualized learning opportunities for a resident who owns the property or a child or ward of the resident owner. Sets forth required provisions for the contract with the resident owner. Contains other provisions. Effective immediately.

DateChamber Action
  1/25/2022HouseFiled with the Clerk by Rep. Deanne M. Mazzochi
  1/27/2022HouseFirst Reading
  1/27/2022HouseReferred to Rules Committee

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