92nd General Assembly
Status of HB2277
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MATHIAS-BROSNAHAN-CROSS.

(DILLARD)

   30 ILCS 350/1             from Ch. 17, par. 6901                            

        Amends to Local Government Debt Reform Act.   Makes  a  technical      
   change in a Section concerning the short title.                             
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          30 ILCS 350/1                                                        
          Adds reference to:                                                   
          30 ILCS 350/3                   from Ch. 17, par. 6903               
          30 ILCS 350/5.5 new                                                  
          30 ILCS 350/9                   from Ch. 17, par. 6909               
          30 ILCS 350/15                  from Ch. 17, par. 6915               
          30 ILCS 350/16.5                                                     
          30 ILCS 350/17                  from Ch. 17, par. 6917               
        Deletes everything.  Amends the Local Government Debt Reform Act.      
   Provides that required notices are sufficient if they appear above the      
   name or title of the person required to give  the  notices.   Provides      
   that  notice to governing bodies or the news media may be given by fax      
   or e-mail. Allows a governmental unit to transfer interest  earned  on      
   moneys  not designated for certain purposes to the governmental unit's      
   fund that is  most  in  need  of  the  interest.   In  the  provisions      
   concerning   a   backdoor  referendum  for  alternate  bonds,  changes      
   references from "principal and interest" on bonds to "debt service" on      
   bonds.  Provides that a governmental unit must, in addition  to  other      
   amounts,  collect  enough  revenue  to pay 1.10 (now, 1.25) times debt      
   service if the  revenue  source  is  a  governmental  revenue  source.      
   Defines  "governmental  revenue source".  In the provisions concerning      
   the form of a proposition for school district bonds, provides that the      
   proposition may include additional language  if  the  school  district      
   expects  to  receive  a  school  construction  grant from the State of      
   Illinois (now, has received a  grant  entitlement  from  the  Illinois      
   State  Board  of  Education).   Provides that the bonds issued must be      
   based on (i) a grant entitlement from the State Board of Education and      
   (ii) current  recognized  project  costs  determined  by  the  Capital      
   Development  Board.  Provides that investments, investment agreements,      
   or investment services purchased in connection with a bond  issue  may      
   be  paid through installments made at stated intervals for a period of      
   time not to exceed the maximum  term  of  the  bond  issue.  Effective      
   immediately.                                                                
   FEB-22-2001  H  FILED WITH CLERK                                               
   FEB-22-2001  H  FIRST READING                                                  
   FEB-22-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-27-2001  H       ASSIGNED TO COMMITTEE               EXECUTIVE             
   MAR-19-2001  H  DO PASS/SHORT DEBATE                     013-000-000   HEXC    
   MAR-19-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAR-20-2001  H                             AMENDMENT NO. 01-MOORE              
   MAR-20-2001  H                     AMENDMENT REFERRED TO HRUL                  
   MAR-20-2001  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   MAR-30-2001  H                             AMENDMENT NO. 02-MOORE              
   MAR-30-2001  H                     AMENDMENT REFERRED TO HRUL                  
   MAR-30-2001  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   MAR-30-2001  H                             AMENDMENT NO. 03-MOORE              
   MAR-30-2001  H                     AMENDMENT REFERRED TO HRUL                  
   MAR-30-2001  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   APR-04-2001  H  SECOND READING-SHORT DEBATE                                    
   APR-04-2001  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   APR-05-2001  H  PRIMARY SPONSOR CHANGED TO               DANIELS               
   APR-06-2001  H  ADDED AS A JOINT SPONSOR                 MOORE                 
   APR-06-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   APR-06-2001  H  TABLED PURSUANT TO RULE 40(a)            HA'S #1,2,3           
   APR-06-2001  H  THIRD READING/SHORT DEBATE/PASSED        089-024-002           
   APR-10-2001  S  ARRIVE IN SENATE                                               
   APR-10-2001  S  PLACED CALENDAR ORDER OF FIRST READING   01-04-17              
   APR-17-2001  S  CHIEF SPONSOR                            DILLARD               
   APR-18-2001  S  FIRST READING                                                  
   APR-18-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   MAY-02-2001  S       ASSIGNED TO COMMITTEE               LOCAL GOV             
   MAY-08-2001  S                             AMENDMENT NO. 01-LOCAL GOV     S    
   MAY-08-2001  S                                   ADOPTED                       
   MAY-08-2001  S       DO PASS AS AMENDED                  006-002-000   SLGV    
   MAY-08-2001  S  PLACED ON CALENDAR ORDER OF 2ND READING  01-05-09              
   MAY-09-2001  S  SECOND READING                                                 
   MAY-09-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-05-10              
   MAY-15-2001  S  THIRD READING - PASSED                   054-004-000           
   MAY-15-2001  H  ARRIVE IN HOUSE                                                
   MAY-15-2001  H  PLACED ON CALENDAR ORDER OF CONCURRENCE  01                    
   MAY-23-2001  H  PRIMARY SPONSOR CHANGED TO               MOORE                 
   MAY-24-2001  H  MOTION FILED CONCUR                      01/MOORE              
   MAY-24-2001  H                        MOTION REFERRED TO HRUL                  
   MAY-24-2001  H  CALENDAR ORDER OF CONCURRENCE            01                    
   MAY-31-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   NOV-26-2002  H  PRIMARY SPONSOR CHANGED TO               OSMOND                
   NOV-26-2002  H  MOTION FILED CONCUR                      #2/01/MATHIAS         
   NOV-26-2002  H                        MOTION REFERRED TO HRUL                  
   NOV-26-2002  H  MOTION TO CONCUR REFERRED TO             HCOT                  
   NOV-26-2002  H                   COMMITTEE               RULES                 
   DEC-03-2002  H  APPROVED FOR CONSIDERATION               003-000-000   HRUL    
   DEC-03-2002  H  PLACED ON CALENDAR ORDER OF CONCURRENCE  01                    
   DEC-03-2002  H  ADDED AS A JOINT SPONSOR                 BROSNAHAN             
   DEC-04-2002  H  MOTION TO CONCUR/SENATE AMENDMENT NO.(S) 01                    
   DEC-04-2002  H  RECOMMENDS BE ADOPTED                    HCOT/009-000-000      
   DEC-04-2002  H  CALENDAR ORDER OF CONCURRENCE            01                    
   DEC-04-2002  H  ADDED AS A JOINT SPONSOR                 CROSS                 
   JAN-05-2003  H  RE-REFERRED TO RULES COMM/RULE 19(B)     RULES         HRUL    
   JAN-06-2003  H  PRIMARY SPONSOR CHANGED TO               MATHIAS               
   JAN-06-2003  H  APPROVED FOR CONSIDERATION               004-000-000   HRUL    
   JAN-06-2003  H  PLACED ON CALENDAR ORDER OF CONCURRENCE  01                    
   JAN-06-2003  H  HSE CONCURS IN SEN AMENDMENTS (NO.)      01/110-000-000        
   JAN-06-2003  H  PASSED BOTH HOUSES                                             
   JAN-08-2003  H  SENT TO THE GOVERNOR                                           
   JAN-13-2003  H  GOVERNOR APPROVED                                              
   JAN-13-2003  H                            EFFECTIVE DATE 03-01-13              
   JAN-13-2003  H  PUBLIC ACT.............................. 92-0879               

   END OF INQUIRY 



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