Illinois General Assembly - Bill Status for SB3185
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 Bill Status of SB3185  97th General Assembly


Short Description:  LOCAL GOVT DEBT-COST EFFECTIVE

Senate Sponsors
Sen. Ron Sandack

Last Action
DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 350/4from Ch. 17, par. 6904


Synopsis As Introduced
Amends the Local Government Debt Reform Act. Provides that, whenever a governmental unit has been granted the power to issue bonds, the governmental unit may incur debt only if that the governmental unit first makes a finding that the particular instrument of indebtedness selected is the most cost-effective means or is otherwise the most appropriate method for the particular purpose for which the funds are to be used.

Actions 
DateChamber Action
  2/1/2012SenateFiled with Secretary by Sen. Ron Sandack
  2/1/2012SenateFirst Reading
  2/1/2012SenateReferred to Assignments
  2/17/2012SenateAssigned to Local Government
  2/23/2012SenatePostponed - Local Government
  2/29/2012SenatePostponed - Local Government
  3/7/2012SenatePostponed - Local Government
  3/9/2012SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

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