Illinois General Assembly - Bill Status for SB3161

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Bill Status of SB3161 97th General Assembly

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Short Description: LIBRARIES-ISSUANCE OF BONDS

Senate Sponsors
Sen. Edward D. Maloney

Last Action

Date	Chamber	Action
1/8/2013	Senate	Session Sine Die

Statutes Amended In Order of Appearance

75 ILCS 16/40-15

Synopsis As Introduced
Amends the Public Library District Act of 1991. Requires that only bonds and notes with an aggregate outstanding unpaid principal balance that exceeds 0.575% of the total assessed valuation of all taxable property in the library district must be approved by a majority of the voters of the district. Provides that a referendum is not required for bonds issued to refund any judgment indebtedness, including any unpaid public benefits and amounts assessed against any library district. Effective immediately.

Actions

Date	Chamber	Action
2/1/2012	Senate	Filed with Secretary by Sen. Edward D. Maloney
2/1/2012	Senate	First Reading
2/1/2012	Senate	Referred to Assignments
2/7/2012	Senate	Assigned to Revenue
3/9/2012	Senate	Rule 3-9(a) / Re-referred to Assignments
1/8/2013	Senate	Session Sine Die

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