Illinois General Assembly - Bill Status for SB2966

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Bill Status of SB2966 101st General Assembly

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Short Description: GO BOND-TOBACCO SECURITIZATION

Senate Sponsors
Sen. Patrick Welch

Last Action

Date	Chamber	Action
1/11/2005	Senate	Session 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

Date	Chamber	Action
2/6/2004	Senate	Filed with Secretary by Sen. Patrick Welch
2/6/2004	Senate	First Reading
2/6/2004	Senate	Referred to Rules
2/18/2004	Senate	Assigned to Executive
2/26/2004	Senate	Do Pass Executive; 008-004-000
2/26/2004	Senate	Placed on Calendar Order of 2nd Reading March 2, 2004
3/2/2004	Senate	State Debt Impact Note Requested by Sen. Peter J. Roskam
3/3/2004	Senate	State Debt Impact Note Filed from the Illinois Economic and Fiscal Commission
3/24/2004	Senate	Second Reading
3/24/2004	Senate	Placed on Calendar Order of 3rd Reading March 25, 2004
3/26/2004	Senate	Third Reading Deadline Extended - Rule 2-10(e), January 11, 2005.
8/24/2004	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
1/11/2005	Senate	Session Sine Die

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