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 Bill Status of HB2584  100th General Assembly


Short Description:  LOCAL GOVT DEBT-STATUTORY LIEN

House Sponsors
Rep. Anthony DeLuca - Mark Batinick

Last Action
DateChamber Action
  4/28/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
30 ILCS 350/13.1 new


Synopsis As Introduced
Amends the Local Government Debt Reform Act. Provides that all bonds, including general obligation bonds and revenue bonds issued under the Act, shall be secured by a statutory lien on all revenues received or entitled to be received. Provides that the statutory lien shall automatically attach from the time the bonds are issued without further action or authorization by the governing authority of the local public entity. Provides that the lien shall be a first priority lien unless the bonds so otherwise provide. Provides that the provisions apply to all bonds issued by a local public entity, including bonds issued by a local public entity with home rule authority, and that the bonds shall have all of the protection afforded to special revenue bonds under the federal Bankruptcy Code. Effective immediately.

Actions 
DateChamber Action
  2/8/2017HouseFiled with the Clerk by Rep. Anthony DeLuca
  2/8/2017HouseFirst Reading
  2/8/2017HouseReferred to Rules Committee
  2/22/2017HouseAssigned to Cities & Villages Committee
  3/7/2017HouseDo Pass / Short Debate Cities & Villages Committee; 014-000-000
  3/8/2017HousePlaced on Calendar 2nd Reading - Short Debate
  3/9/2017HouseSecond Reading - Short Debate
  3/9/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/22/2017HouseAdded Chief Co-Sponsor Rep. Mark Batinick
  4/24/2017HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Anthony DeLuca
  4/24/2017HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/26/2017HouseHouse Floor Amendment No. 1 Rules Refers to Cities & Villages Committee
  4/28/2017HouseHouse Floor Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
  4/28/2017HouseRule 19(a) / Re-referred to Rules Committee

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