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.
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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status