PETKA. (HASSERT) 75 ILCS 16/15-85 Amends the Public Library District Act of 1991. Allows property taxes to be extended to pay the principal and interest on the general obligation bonds of a library district that are issued to refund certain bonds if (i) the net interest rate on the refunding bonds does not exceed the net interest rate on the refunded bonds, (ii) the final maturity date of the refunding bonds does not extend beyond the final maturity date of the refunded bonds, and (iii) the debt service payable on the refunding bonds in any year does not exceed the debt service that would have been payable on the refunded bonds that year. Provides that the amendatory provisions are inoperative after June 30, 2002. Effective immediately. FEB-21-2001 S FIRST READING FEB-21-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-28-2001 S ASSIGNED TO COMMITTEE REVENUE MAR-08-2001 S POSTPONED MAR-29-2001 S DO PASS 007-000-000 SREV MAR-29-2001 S PLACED ON CALENDAR ORDER OF 2ND READING 01-03-30 MAR-30-2001 S SECOND READING MAR-30-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-04-02 APR-03-2001 S THIRD READING - PASSED 054-000-000 APR-03-2001 H ARRIVE IN HOUSE APR-03-2001 H PLACED CALENDAR ORDER OF FIRST READING APR-06-2001 H HOUSE SPONSOR CURRIE APR-06-2001 H FIRST READING APR-06-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES APR-18-2001 H ASSIGNED TO COMMITTEE REVENUE APR-25-2001 H ALTERNATE PRIMARY SPONSOR CHANGED TO HASSERT MAY-03-2001 H DO PASS/SHORT DEBATE 011-000-000 HREV MAY-03-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAY-16-2001 H SECOND READING-SHORT DEBATE MAY-16-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAY-18-2001 H 3RD RDG. DEADLINE EXTENDED-RULE 9(B)- MAY 25, 2001 MAY-18-2001 H CALENDAR ORDER 3RD READING-SHORT DEBATE MAY-25-2001 H THIRD READING/SHORT DEBATE/PASSED 118-000-000 MAY-25-2001 S PASSED BOTH HOUSES JUN-22-2001 S SENT TO THE GOVERNOR AUG-15-2001 S GOVERNOR APPROVED AUG-15-2001 S EFFECTIVE DATE 01-08-15 AUG-15-2001 S PUBLIC ACT.............................. 92-0368 END OF INQUIRY Full Text Bill Summary