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<xml>
<title>Illinois General Assembly - Bill Status for SB 2966   </title>
<shortdesc>GO BOND-TOBACCO SECURITIZATION</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Patrick Welch</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 105/6z-43</reference><aliasreference></aliasreference><reference>30 ILCS 330/7.5</reference><aliasreference></aliasreference><SynopsisText>Amends the General Obligation Bond Act. Provides that the tobacco securitization bonds may be issued only in fiscal years 2003, 2004, and 2005 (now, only in fiscal year 2003). Amends the State Finance Act. Makes a technical change in a Section concerning the Tobacco Settlement Recovery Fund. Effective immediately.</SynopsisText><synopsistitle>State Debt Impact Note (Economic and Fiscal Commission)</synopsistitle>
<SynopsisText>Potential General Obligation debt increases by $0.9-$1.5 billion;  Annual debt service increases by $53-$103 million.</SynopsisText></synopsis>
<actions>
<statusdate>2/6/2004</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Patrick Welch</action>
<statusdate>2/6/2004</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/6/2004</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>2/18/2004</statusdate><chamber>Senate</chamber><action>Assigned to Executive</action>
<statusdate>2/26/2004</statusdate><chamber>Senate</chamber><action>Do Pass Executive;  008-004-000</action>
<statusdate>2/26/2004</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 2, 2004</action>
<statusdate>3/2/2004</statusdate><chamber>Senate</chamber><action>State Debt Impact Note Requested by Sen. Peter J. Roskam</action>
<statusdate>3/3/2004</statusdate><chamber>Senate</chamber><action>State Debt Impact Note Filed from the Illinois Economic and Fiscal Commission</action>
<statusdate>3/24/2004</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/24/2004</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 25, 2004</action>
<statusdate>3/26/2004</statusdate><chamber>Senate</chamber><action>Third Reading Deadline Extended - Rule 2-10(e),  January 11, 2005.</action>
<statusdate>8/24/2004</statusdate><chamber>Senate</chamber><action>Pursuant to Senate Rule 3-9(b) / Referred to Rules</action>
<statusdate>1/11/2005</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

