Illinois General Assembly - Bill Status for SB0178
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 Bill Status of SB0178  101st General Assembly


Short Description:  BONDS-PENSION OBLIGATION

Senate Sponsors
Sen. Omar Aquino

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/5.891 new
30 ILCS 330/2from Ch. 127, par. 652
30 ILCS 330/2.5
30 ILCS 330/7.8 new
30 ILCS 330/9from Ch. 127, par. 659
30 ILCS 330/12from Ch. 127, par. 662
30 ILCS 330/13from Ch. 127, par. 663
40 ILCS 15/1.10 new


Synopsis As Introduced
Amends the General Obligation Bond Act. Authorizes the issuance of an additional $120,015,000,000 in State Serial Long Term Pension Obligation Bonds. Amends the State Pension Funds Continuing Appropriation Act to create a continuing appropriation for payments on those Bonds. Amends the State Finance Act to create the State Pension Serial Long Term Obligation Bond Fund. Effective immediately.

Actions 
DateChamber Action
  1/30/2019SenateFiled with Secretary by Sen. Omar Aquino
  1/30/2019SenateFirst Reading
  1/30/2019SenateReferred to Assignments
  2/6/2019SenateAssigned to Executive
  3/6/2019SenateTo Subcommittee on Governmental Operations
  3/22/2019SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2021SenateSession Sine Die

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