Illinois General Assembly - Bill Status for HB5438
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 Bill Status of HB5438  96th General Assembly

Short Description:  VIDEO GAMING OPT-OUT-FUNDS

House Sponsors
Rep. Dan Reitz - Angelo Saviano - Brandon W. Phelps

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/6z-77
30 ILCS 105/6z-78


Synopsis As Introduced
Amends the State Finance Act. Provides that, if a municipality or county prohibits video gaming pursuant to the Video Gaming Act, then (i) capital projects and the payment of debt service on bonds issued for capital projects within the municipality or county may not be funded from proceeds of video gaming that are deposited into the Capital Projects Fund and (ii) the proceeds of video gaming that are deposited into the Capital Projects Fund may not be used for the purpose of paying and discharging the principal and interest on bonded indebtedness for bonds issued for capital projects within the municipality or county. Effective immediately.

Actions 
DateChamber Action
  2/4/2010HouseFiled with the Clerk by Rep. Dan Reitz
  2/4/2010HouseChief Co-Sponsor Rep. Angelo Saviano
  2/4/2010HouseChief Co-Sponsor Rep. Brandon W. Phelps
  2/5/2010HouseFirst Reading
  2/5/2010HouseReferred to Rules Committee
  1/11/2011HouseSession Sine Die

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