Illinois General Assembly - Bill Status for HB0978

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Bill Status of HB0978 102nd General Assembly

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Short Description: SHORT TERM BORROWING

House Sponsors
Rep. Marlow H. Colvin

Last Action

Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 340/1.2 new

30 ILCS 340/2

from Ch. 120, par. 407

30 ILCS 340/3

from Ch. 120, par. 408

Synopsis As Introduced
Amends the Short Term Borrowing Act. Authorizes the Governor, Comptroller, and Treasurer to borrow principal amounts not to exceed a total of $1,500,000,000, at any time and from time to time outstanding, to be applied to the purposes of paying hospital access improvement payments under the Public Aid Code and in order to obtain all funds available to the State under federal economic stimulus and recovery programs, together with paying debts and associated expenses incurred in connection with the borrowing. Provides that all moneys so borrowed shall be borrowed for a period not to exceed one year. Effective immediately.

Actions

Date	Chamber	Action
2/10/2009	House	Filed with the Clerk by Rep. Marlow H. Colvin
2/10/2009	House	First Reading
2/10/2009	House	Referred to Rules Committee
2/18/2009	House	Assigned to Executive Committee
3/13/2009	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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