Bill Status of HB5205  97th General Assembly


House Sponsors
Rep. Mike Fortner

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 350/4from 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.

DateChamber Action
  2/8/2012HouseFiled with the Clerk by Rep. Mike Fortner
  2/8/2012HouseFirst Reading
  2/8/2012HouseReferred to Rules Committee
  1/8/2013HouseSession Sine Die