Illinois General Assembly - Bill Status for HB5205

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Bill Status of HB5205 97th General Assembly

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Short Description: LOCAL GOVT DEBT-FINDING

House Sponsors
Rep. Mike Fortner

Last Action

Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 350/4

from Ch. 17, par. 6904

Synopsis As Introduced
Amends the Local Government Debt Reform Act. Provides that, whenever a governmental unit has been granted the power or authority to issue bonds, the governmental unit may incur debt provided that the governmental unit shall first make a finding that the particular instrument of indebtedness selected is the most cost-effective means and is the most appropriate method for the particular purpose for which the funds are to be used. Effective immediately.

Actions

Date	Chamber	Action
2/8/2012	House	Filed with the Clerk by Rep. Mike Fortner
2/8/2012	House	First Reading
2/8/2012	House	Referred to Rules Committee
1/8/2013	House	Session Sine Die

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