91st General Assembly
Summary of SB1827
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Senate Sponsors:

Short description: 
GENERAL OBLIGATION BOND ACT                                                

Synopsis of Bill as introduced:
        Amends the General Obligation Bond Act and  Build  Illinois  Bond      
   Act. Effective immediately.                                                 
          STATE DEBT NOTE (Economic and Fiscal Commission)                     
          Assuming an interest rate of 4.75% and a 25 year level repay-        
          ment period, the additional $625.8 million in bonding authority      
          would increase total General Obligation debt by approximately        
          $1.1 billion and require an annual debt service payment of           
          approximately $43.2 million. The additional $25.0 million in         
          Build Illinois bonding authority increases total Build Illinois      
          debt by approximately $42.1 million and requires an annual debt      
          service payment of approximately $1.7 million.                       
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

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


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