Date	Chamber	Action
1/9/2019	Senate	Session Sine Die

Statutes Amended In Order of Appearance

20 ILCS 3501/801-40

30 ILCS 105/5.878 new

30 ILCS 105/14.3 new

30 ILCS 330/2

from Ch. 127, par. 652

30 ILCS 330/2.5

30 ILCS 330/7.6 new

30 ILCS 330/7.7 new

30 ILCS 330/9

from Ch. 127, par. 659

30 ILCS 330/11

from Ch. 127, par. 661

30 ILCS 330/12

from Ch. 127, par. 662

30 ILCS 330/13

from Ch. 127, par. 663

40 ILCS 15/1.10 new

Synopsis As Introduced
Amends the Illinois Finance Authority Act. Authorizes the Illinois Finance Authority to issue bonds if the amount of accelerated pension benefit payments exceeds the amount appropriated to each pension system for those payments. Amends the General Obligation Bond Act. Authorizes the issuance of an additional $7,000,000,000 in State General Obligation Restructuring Bonds. Provides that the proceeds from that bond sale shall be used for the purpose of paying vouchers incurred by the State prior to July 1, 2017. Authorizes $250,000,000 in State Pension Obligation Acceleration Bonds to be sold to pay for accelerated pension benefit payments to eligible persons. Amends the State Pension Funds Continuing Appropriation Act to create a continuing appropriation for payments on those Bonds. Amends the State Finance Act. Provides that, if State spending exceeds $31,374,000,000, then no member of the General Assembly shall receive any compensation for his or her service as a member of the General Assembly, including any salary, stipend, or per diem, for the remainder of the fiscal year or until such time as the Governor is presented with a bill or bills passed by the General Assembly to reduce State spending to a level that does not exceed the State spending limitation. Effective immediately.

Actions 

Date	Chamber	Action
4/27/2017	Senate	Filed with Secretary by Sen. Kyle McCarter
4/27/2017	Senate	First Reading
4/27/2017	Senate	Referred to Assignments
4/28/2017	Senate	Added as Chief Co-Sponsor Sen. Dan McConchie
1/9/2019	Senate	Session Sine Die

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