Illinois General Assembly - Bill Status for SB2966
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 Bill Status of SB2966  93rd General Assembly


Short Description:  GO BOND-TOBACCO SECURITIZATION

Senate Sponsors
Sen. Patrick Welch

Last Action
DateChamber Action
  1/11/2005SenateSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/6z-43
30 ILCS 330/7.5


Synopsis As Introduced
Amends the General Obligation Bond Act. Provides that the tobacco securitization bonds may be issued only in fiscal years 2003, 2004, and 2005 (now, only in fiscal year 2003). Amends the State Finance Act. Makes a technical change in a Section concerning the Tobacco Settlement Recovery Fund. Effective immediately.

 State Debt Impact Note (Economic and Fiscal Commission)
 Potential General Obligation debt increases by $0.9-$1.5 billion; Annual debt service increases by $53-$103 million.

Actions 
DateChamber Action
  2/6/2004SenateFiled with Secretary by Sen. Patrick Welch
  2/6/2004SenateFirst Reading
  2/6/2004SenateReferred to Rules
  2/18/2004SenateAssigned to Executive
  2/26/2004SenateDo Pass Executive; 008-004-000
  2/26/2004SenatePlaced on Calendar Order of 2nd Reading March 2, 2004
  3/2/2004SenateState Debt Impact Note Requested by Sen. Peter J. Roskam
  3/3/2004SenateState Debt Impact Note Filed from the Illinois Economic and Fiscal Commission
  3/24/2004SenateSecond Reading
  3/24/2004SenatePlaced on Calendar Order of 3rd Reading March 25, 2004
  3/26/2004SenateThird Reading Deadline Extended - Rule 2-10(e), January 11, 2005.
  8/24/2004SenatePursuant to Senate Rule 3-9(b) / Referred to Rules
  1/11/2005SenateSession Sine Die

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