WEAVER,S-RAUSCHENBERGER. Amends the General Obligation Bond Act and Build Illinois Bond Act. Effective immediately. STATE DEBT NOTE (Economic and Fiscal Commission) Assuming an interest rate of 4.75% and a 25 year level repay- ment period, the additional $625.8 million in bonding authority would increase total General Obligation debt by approximately $1.1 billion and require an annual debt service payment of approximately $43.2 million. The additional $25.0 million in Build Illinois bonding authority increases total Build Illinois debt by approximately $42.1 million and requires an annual debt service payment of approximately $1.7 million. 00-02-03 S FIRST READING 00-02-03 S REFERRED TO SENATE RULES COMMITTEE RULES 00-02-09 S ASSIGNED TO COMMITTEE APPROP 00-02-15 S STATE DEBT IMPACT NOTE FILED AS INTRODUCED 00-02-15 S COMMITTEE APPROP 00-02-18 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary