92nd General Assembly
Summary of HB3489
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House Sponsors:

Senate Sponsors:

Short description: 
BUILD IL BOND-INCREASE AUTH                                                

Synopsis of Bill as introduced:
        Amends the Build Illinois Bond Act to decrease the  authorization      
   for bonds by $1. Effective July 1, 2001.                                    
          STATE DEBT NOTE (Economic and Fiscal Commission)                     
          HB 3489 would decrease by $1 the total amount of Build Illinois      
          bonds the State is authorized to issue, sell, and retire.            
          STATE DEBT NOTE, ENGROSSED (Economic and Fiscal Commission)          
          Same as previous note.                                               
        SENATE AMENDMENT NO. 2.                                                
          Adds reference to:                                                   
          30 ILCS 425/4                                                        
        Deletes everything. Amends the Build Illinois Bond Act. Increases      
   the general authorization for bonds under the Act from $2,851,970,000       
   to $3,540,715,000 with specific increases as follows: from                  
   $2,029,889,000 to $2,399,954,000 for public infrastructure; from            
   $114,301,500 to $139,301,500 for fostering economic development and         
   increased employment and the well being of the citizens of Illinois;        
   from $559,128,600 to $851,308,600 for the development and improvement       
   of educational, scientific, technical, and vocational programs and          
   facilities and the expansion of health and human services for all           
   citizens of Illinois; and from $148,650,900 to $150,150,900 for             
   protection, preservation, restoration, and conservation of environ-         
   mental and natural resources. Effective immediately.                        
Last action on Bill: PUBLIC ACT.............................. 92-0009

   Last action date: JUN-11-2001

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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