Illinois General Assembly - Bill Status for HB5976
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 Bill Status of HB5976  100th General Assembly


Short Description:  FINANCE-STACKED ALT BOND DEBT

House Sponsors
Rep. David McSweeney

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 350/3from Ch. 17, par. 6903
30 ILCS 350/15from Ch. 17, par. 6915


Synopsis As Introduced
Amends the Local Government Debt Reform Act. Provides that no alternate bonds shall be issued if the issuance of such bonds would create or continue the accumulation of stacked alternate-bonded debt. Provides that provisions concerning stacked alternate-bonded debt do not apply to any transactions or agreements concerning debt that may be in place before the effective date of this amendatory Act. Defines "stacked alternate-bonded debt". Effective immediately.

Actions 
DateChamber Action
  10/18/2018HouseFiled with the Clerk by Rep. David McSweeney
  11/7/2018HouseFirst Reading
  11/7/2018HouseReferred to Rules Committee
  1/8/2019HouseSession Sine Die

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