Senate Sponsors: PETERSON-PHILIP. House Sponsors: MAUTINO Short description: GO BOND VALIDATION-PA 85-1135 Synopsis of Bill as introduced: Amends and re-enacts certain Sections of the General Obligation Bond Act, the Build Illinois Bond Act, the State Finance Act, and the Baccalaureate Savings Act that were included in Public Act 85-1135. Validates actions taken in reliance on those Sections. Validates bonds issued in reliance on those provisions and affirms State obligations arising under those bonds. Includes statements of findings and purpose. Effective immediately. STATE DEBT NOTE (Economic and Fiscal Commission) HB146 would have no impact on State general obligation debt. STATE DEBT NOTE (Economic and Fiscal Commission) Same as previous note. HOUSE AMENDMENT NO. 1. Updates references to the Oak Park Arms case. Last action on Bill: PUBLIC ACT.............................. 91-0053 Last action date: 99-06-30 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status