Senate Sponsors: PETKA. House Sponsors: HASSERT Short description: LIBRARY DIST-TAX TO REFND BOND Synopsis of Bill as introduced: 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. Last action on Bill: PUBLIC ACT.............................. 92-0368 Last action date: AUG-15-2001 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status