Illinois General Assembly - Bill Status for HJRCA0020

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Bill Status of HJRCA0020 95th General Assembly

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Short Description: CON AMEND-REV DEBT SERVICE

House Sponsors
Rep. Jim Watson - Jim Durkin - Ron Stephens - Renée Kosel - Ed Sullivan, Jr., Raymond Poe, Harry R. Ramey, Jr., Joe Dunn and Shane Cultra

Last Action

Date	Chamber	Action
5/4/2008	House	Tabled Pursuant to Rule 46

ILCON Art. IX, Sec. 9.1 new

Synopsis As Introduced
Proposes to amend the Revenue Article of the Illinois Constitution. Prohibits the State from issuing general obligation bonds or other indebtedness secured by the full faith and credit of the State if, in the next fiscal year, the resulting amount of debt service on all outstanding bonds would exceed 7% of that fiscal year's aggregate appropriations of (i) general funds and (ii) specific vehicle or fuel related revenues. Permits the issuance of bonds that would otherwise violate the prohibition if the State Comptroller and State Treasurer consent in writing. Effective upon being declared adopted.

Actions

Date	Chamber	Action
2/27/2007	House	Filed with the Clerk by Rep. Jim Watson
2/28/2007	House	Read in Full a First Time
2/28/2007	House	Referred to Rules Committee
3/19/2007	House	Added Chief Co-Sponsor Rep. Jim Durkin
3/19/2007	House	Added Chief Co-Sponsor Rep. Ron Stephens
3/19/2007	House	Added Chief Co-Sponsor Rep. Renée Kosel
3/19/2007	House	Added Chief Co-Sponsor Rep. Ed Sullivan, Jr.
3/19/2007	House	Added Co-Sponsor Rep. Raymond Poe
3/19/2007	House	Added Co-Sponsor Rep. Harry R. Ramey, Jr.
3/19/2007	House	Added Co-Sponsor Rep. Joe Dunn
3/19/2007	House	Added Co-Sponsor Rep. Shane Cultra
5/4/2008	House	Tabled Pursuant to Rule 46

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