GO BOND ACT-REDUCTION-TECH
Synopsis of Bill as introduced:
Amends the General Obligation Bond Act by reducing by $1 the
total amount of General Obligation Bonds authorized under this Act.
Effective July 1, 2002.
STATE DEBT NOTE, ENGROSSED (Economic and Fiscal Commission)
This legislation would reduce General Obligation Bond
authorization by $1.
SENATE AMENDMENT NO. 1.
Adds reference to:
30 ILCS 330/3
30 ILCS 330/6
30 ILCS 425/2
30 ILCS 425/4
Deletes everything. Amends the General Obligation Bond Act.
Increases the bond authorization for capital facilities for:
universities and colleges; correctional purposes; open spaces,
recreational and conservation purposes and the protection of land;
child care facilities, mental and public health facilities, and
facilities for the care of disabled veterans and their spouses; use
by the State and State agencies; water resource management projects;
grants to local governments for capital facilities; and the Illinois
Open Land Trust Program. Increases the bond authorization for grants
to school districts for school improvement projects authorized by the
School Construction Law. Increases the bond authorization for local
government municipal sewage treatment works and solid waste disposal
facilities and for deposits into the Water Revolving Fund and the
U.S. Environmental Protection Fund. Amends the Build Illinois Bond
Act. Increases the bond authorization for: public infrastructure;
economic development; and educational, scientific, technical and
vocational programs and facilities and the expansion of health and
human services. Effective immediately.
Last action on Bill: PUBLIC ACT.............................. 92-0598
Last action date: JUN-28-2002
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status