KUBIK-MURPHY-LYONS,EILEEN-SCULLY-DURKIN, ZICKUS, BERGMAN AND WOJCIK. (WALSH,T-PARKER-RADOGNO) 50 ILCS 425/12 new Amends the Revenue Anticipation Act. Provides that if anticipated revenues under the Act are proceeds or receipts of a loan or grant, or both, from a federal agency in connection with waterworks or wastewater facilities, or both, and related facilities, improvements, and costs, and reasonable provision has been made for the payment of interest on the notes when due while the notes are outstanding; (i) the requirement in the Act for a filing with the County Clerk shall not apply, (ii) the 12-month limit on the due date of the notes in the Act shall be 18 months, and (iii) the 85% limitation on the anticipatory revenues in the Act shall be 100%. HOUSE AMENDMENT NO. 1. Adds reference to: 30 ILCS 360/1-3 from Ch. 17, par. 7201-3 30 ILCS 360/3-3 from Ch. 17, par. 7203-3 Amends the Rural Bond Bank Act. Provides that for the purposes of the Act "rural county" means any county (now any county other than a county having a population in excess of 3,000,000) and "governmental unit" means, among others, any municipality, excluding any home rule municipality in a county contiguous with a county having a population in excess of 3,000,000 or any home rule municipality in a county with a population of 3,000,000 or greater (now any municipality, excluding any home rule municipality in a county contiguous with a county having a population in excess of 3,000,000). Provides that no more than $25,000,000 of all bonds and notes issued by the Bank shall be used to purchase local governmental securities issued by governmental units located in a county having a population in excess of 3,000,000 or in a county contiguous with a county having a population in excess of 3,000,000 (now in a county contiguous with a county having a population in excess of 3,000,000). Effective July 1, 1998. HOUSE AMENDMENT NO. 2. Further amends the Rural Bond Bank Act. Provides that approval of the Governor is not required for issuances of bonds or notes as to which the Bank has determined the nonapplication of the provisions requiring the Chairman's certification and the Governor's report concerning amounts needed to pay the principal and interest. Increases to $200,000,000 (now $150,000,000) the total aggregate original principal amount of all bonds and notes allowed to be issued by the Bank. Provides that no more than $50,000,000 (now $25,000,000) in aggregate original principal amount of the bonds and notes shall be used to purchase local governmental securities. 98-02-17 H FILED WITH CLERK 98-02-17 H FIRST READING 98-02-17 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-03-11 H ASSIGNED TO COMMITTEE LOCAL GOVT 98-03-20 H AMENDMENT NO. 01-LOCAL GOVT H 98-03-20 H ADOPTED 98-03-20 H DO PASS AMENDED/SHORT DEBATE 010-004-000 HLGV 98-03-20 H PLACED CALENDAR 2ND READING-SHORT DEBATE 98-03-20 H ADDED AS A JOINT SPONSOR MURPHY 98-03-20 H ADDED AS A CO-SPONSOR SCULLY 98-03-20 H ADDED AS A CO-SPONSOR DURKIN 98-03-20 H ADDED AS A CO-SPONSOR SAVIANO 98-03-20 H ADDED AS A CO-SPONSOR ZICKUS 98-03-23 H SECOND READING-SHORT DEBATE 98-03-23 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 98-03-23 H ADDED AS A CO-SPONSOR LYONS,EILEEN 98-03-24 H ADDED AS A CO-SPONSOR BERGMAN 98-03-30 H ADDED AS A CO-SPONSOR WOJCIK 98-03-31 H RECALLED TO SECOND READING-SHORT DEBATE 98-03-31 H AMENDMENT NO. 02-KUBIK 98-03-31 H AMENDMENT REFERRED TO HRUL 98-03-31 H BE APPROVED FOR CONSIDERATION HRUL 98-03-31 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 98-04-01 H AMENDMENT NO. 02-KUBIK 98-04-01 H ADOPTED 98-04-01 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 98-04-02 H THIRD READING/SHORT DEBATE/PASSED 108-007-001 98-04-02 S ARRIVE IN SENATE 98-04-02 S PLACED CALENDAR ORDER OF FIRST READING 98-04-21 98-04-02 S CHIEF SPONSOR WALSH,T 98-04-21 S FIRST READING 98-04-21 S REFERRED TO SENATE RULES COMMITTEE RULES 98-04-28 S ASSIGNED TO COMMITTEE EXECUTIVE 98-05-06 S DO PASS 012-001-000 SEXC 98-05-06 S PLACED ON CALENDAR ORDER OF 2ND READING 98-05-07 98-05-07 S SECOND READING 98-05-07 S PLACED ON CALENDAR ORDER OF 3RD READING 98-05-12 98-05-13 S ADDED AS A CHIEF CO-SPONSOR PARKER 98-05-14 S ADDED AS A CHIEF CO-SPONSOR RADOGNO 98-05-14 S THIRD READING - PASSED 042-010-001 98-05-14 H PASSED BOTH HOUSES 98-06-12 H SENT TO THE GOVERNOR 98-08-07 H GOVERNOR APPROVED 98-08-07 H EFFECTIVE DATE 98-08-07 98-08-07 H PUBLIC ACT.............................. 90-0709 END OF INQUIRY Full Text Bill Summary