92nd General Assembly
Summary of HB5159
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House Sponsors:
BOST-LAWFER-MAUTINO.

Senate Sponsors:
PHILIP-SIEBEN

Short description: 
RURAL BOND BANK-BONDS-NOTES                                                

Synopsis of Bill as introduced:
        Amends the  Civil  Administrative  Code  of  Illinois.   Makes  a      
   technical  change  in  a  Section  concerning the Department of Public      
   Health.                                                                     
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          20 ILCS 2310/2310-1                                                  
          Adds reference to:                                                   
          30 ILCS 360/3-3                 from Ch. 17, par. 7203-3             
        Deletes everything. Amends the Rural Bond Bank Act. Provides that      
   the total aggregate original principal amount of all bonds  and  notes      
   issued  by  the  Bank  shall  not exceed $245,000,000, excluding bonds      
   issued to refund outstanding bonds (now, the total aggregate  original      
   principal  amount  of all bonds and notes issued by the Bank shall not      
   exceed $200,000,000).  Provides  that  no  more  than  $60,000,000  in      
   aggregate  original  principal amount of all bonds and notes issued by      
   the Bank shall be  used  to  purchase  local  governmental  securities      
   issued  by  governmental  units  located  in  Cook  County or a county      
   contiguous to Cook County (now, no more than $50,000,000 in  aggregate      
   original  principal  amount  of all bonds and notes issued by the Bank      
   shall be used to purchase  local  governmental  securities  issued  by      
   governmental  units  located  in Cook County or a county contiguous to      
   Cook County). Effective immediately.                                        
 
Last action on Bill: PUBLIC ACT.............................. 92-0882

   Last action date: JAN-13-2003

           Location: House

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


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