91st General Assembly
Summary of HB4584
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Short description: 
GO BOND ACT-REDUCTION                                                      

Synopsis of Bill as introduced:
        Amends the General Obligation Bond Act  by  reducing  by  $1  the      
   total  amount  of  General Obligation Bonds authorized under the Act.       
   Effective immediately.                                                      
          STATE DEBT NOTE, ENGROSSED (Economic and Fiscal Commission)          
          This legislation would reduce by $1 the total amount of              
          General Obligation bonds the State is authorized to issue,           
          sell, and retire.                                                    
        SENATE AMENDMENT NO. 1.                                                
          Adds reference to:                                                   
          30 ILCS 330/3                                                        
          30 ILCS 330/6                                                        
          30 ILCS 330/16                                                       
        Deletes everything. Amends the General Obligation Bond Act.            
   Separates the authorizations for refunding bonds and other bonds.           
   Increases the authorizations for certain capital facilities and for         
   anti-pollution grants or loans. Effective immediately.                      
Last action on Bill: PUBLIC ACT.............................. 91-0710

   Last action date: 00-05-17

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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