MATHIAS-CROSS-SCOTT. (DILLARD) 30 ILCS 350/1 from Ch. 17, par. 6901 Amends the Local Government Debt Reform Act by making a technical change to the short title. HOUSE AMENDMENT NO. 1. Deletes reference to: 30 ILCS 350/1 Adds reference to: 30 ILCS 350/15 from Ch. 17, par. 6915 30 ILCS 350/16 from Ch. 17, par. 6916 30 ILCS 350/17 from Ch. 17, par. 6917 30 ILCS 350/17.5 new Deletes everything. Amends the Local Government Debt Reform Act. Provides that a governmental unit may levy a tax to pay the principal and interest on general obligation bonds or limited bonds (now, general obligation bonds). Provides that for the purposes of the Section concerning bonds consisting of leases and installment or financing contracts, interest on bonds sold at less than 95% of their stated value includes the difference between the amount set forth on the face of the bond as the original principal amount and the bond's stated value at maturity (now, interest includes the difference between the amount received for the sale of the bonds and their stated value at maturity). Allows a governmental unit to purchase or lease real or personal property through installments paid at stated intervals for a period of 20 years or another period of time otherwise authorized by law. Allows governmental units to issue certificates evidencing indebtedness incurred under these agreements. Provides that indebtedness incurred under these agreements may not exceed the applicable debt limits when aggregated with the existing indebtedness of the governmental unit. Allows a governmental unit to sell, convey, and reacquire the property on any terms and conditions and in any manner that the governmental unit determines, if the governmental unit will lease the property. Provides that the approval for bonds obtained through a referendum remains valid (i) for 10 years after the date of a front-door referendum or (ii) for 3 years after the end of the petition period for a back-door referendum. Makes other changes. Effective immediately. SENATE AMENDMENT NO. 1. Adds reference to: 65 ILCS 5/11-61-3 from Ch. 24, par. 11-61-3 Further amends the Local Government Debt Reform Act. In the provisions concerning bond authorization by referendum, changes references to "front-door referendum" to "referendum". Provides that the approval is valid for 5 years after the date of the referendum (now, the approval is valid for 10 years after the date of the referendum). Provides that these provisions apply only to referenda and backdoor referenda held after the effective date of this amendatory Act. Amends the Illinois Municipal Code. Allows certain municipalities to purchase or lease property through contracts to be paid through installments during a period of time not to exceed 20 years (now, 10 years). SENATE AMENDMENT NO. 2. Further amends the Local Government Debt Reform Act. Provides that the approval of a referendum or backdoor referendum, once obtained, remains (now, remains valid) (i) for 5 years after the date of the referendum or (ii) for 3 years after the end of the petition period for a backdoor referendum. 99-02-11 H FIRST READING 99-02-11 H ADDED AS A JOINT SPONSOR CROSS 99-02-11 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-17 H ASSIGNED TO COMMITTEE EXECUTIVE 99-02-25 H DO PASS/STANDARD DEBATE 008-007-000 HEXC 99-02-25 H PLACED CAL 2ND READING-STANDARD DEBATE 99-02-26 H RE-COMMITTED TO COMMITTEE EXECUTIVE 99-03-05 H DO PASS/SHORT DEBATE 015-000-000 HEXC 99-03-05 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-03-11 H AMENDMENT NO. 01-SCOTT 99-03-11 H AMENDMENT REFERRED TO HRUL 99-03-11 H CALENDAR ORDER 2ND READING-SHORT DEBATE 99-03-12 H AMENDMENT NO. 01-SCOTT 99-03-12 H RULES REFERS TO HLGV 99-03-12 H CALENDAR ORDER 2ND READING-SHORT DEBATE 99-03-16 H SECOND READING-SHORT DEBATE 99-03-16 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 99-03-17 H AMENDMENT NO. 01-SCOTT 99-03-17 H RECOMMENDS BE ADOPTED HLGV/007-001-000 99-03-17 H AMENDMENT NO. 01-SCOTT 99-03-17 H ADOPTED 99-03-17 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-03-25 H THIRD READING/SHORT DEBATE/PASSED 111-001-000 99-03-25 H PRIMARY SPONSOR CHANGED TO MATHIAS 99-03-25 H ADDED AS A JOINT SPONSOR SCOTT 99-03-26 S ARRIVE IN SENATE 99-03-26 S PLACED CALENDAR ORDER OF FIRST READING 99-04-14 99-04-14 S CHIEF SPONSOR DILLARD 99-04-14 S FIRST READING 99-04-14 S REFERRED TO SENATE RULES COMMITTEE RULES 99-04-20 S ASSIGNED TO COMMITTEE LOCAL GOV 99-04-27 S HELD IN COMMITTEE 99-05-04 S AMENDMENT NO. 01-LOCAL GOV S 99-05-04 S ADOPTED 99-05-04 S DO PASS AS AMENDED 008-000-000 SLGV 99-05-04 S PLACED ON CALENDAR ORDER OF 2ND READING 99-05-05 99-05-11 S SECOND READING 99-05-11 S PLACED ON CALENDAR ORDER OF 3RD READING 99-05-12 99-05-12 S FILED WITH SECRETARY 99-05-12 S AMENDMENT NO. 02-KLEMM 99-05-12 S AMENDMENT REFERRED TO SRUL 99-05-12 S AMENDMENT NO. 02-KLEMM 99-05-12 S BE APPROVED FOR CONSIDERATION SRUL 99-05-12 S RECALLED TO SECOND READING 99-05-12 S AMENDMENT NO. 02-KLEMM 99-05-12 S ADOPTED 99-05-12 S PLACED ON CALENDAR ORDER OF 3RD READING 99-05-13 99-05-13 S THIRD READING - PASSED 059-000-000 99-05-13 H ARRIVE IN HOUSE 99-05-13 H PLACED ON CALENDAR ORDER OF CONCURRENCE 01,02 99-05-17 H MOTION FILED CONCUR 01,02/MATHIAS 99-05-17 H MOTION REFERRED TO HRUL 99-05-17 H CALENDAR ORDER OF CONCURRENCE 01,02 99-05-19 H BE APPROVED FOR CONSIDERATION 01,02/HRUL 99-05-19 H HSE CONCURS IN SEN AMENDMENTS (NO.) 01,02/105-012-000 99-05-19 H PASSED BOTH HOUSES 99-06-17 H SENT TO THE GOVERNOR 99-08-13 H GOVERNOR APPROVED 99-08-13 H EFFECTIVE DATE 99-08-13 99-08-13 H PUBLIC ACT.............................. 91-0493 END OF INQUIRY Full Text Bill Summary