House Sponsors: MADIGAN,MJ-HANNIG. Senate Sponsors: RAUSCHENBERGER Short description: 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 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status