91st General Assembly
Summary of SB0146
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Senate Sponsors:

House Sponsors:

Short description: 
GO BOND VALIDATION-PA 85-1135                                              

Synopsis of Bill as introduced:
        Amends and re-enacts certain Sections of the  General  Obligation      
   Bond  Act, the Build Illinois Bond Act, the State Finance Act, and the      
   Baccalaureate Savings Act that were included in  Public  Act  85-1135.      
   Validates  actions  taken  in  reliance  on those Sections.  Validates      
   bonds issued  in  reliance  on  those  provisions  and  affirms  State      
   obligations   arising  under  those  bonds.   Includes  statements  of      
   findings and purpose.  Effective immediately.                               
          STATE DEBT NOTE (Economic and Fiscal Commission)                     
          HB146 would have no impact on State general obligation debt.         
          STATE DEBT NOTE (Economic and Fiscal Commission)                     
          Same as previous note.                                               
        HOUSE AMENDMENT NO. 1.                                                 
        Updates references to the Oak Park Arms case.                          
Last action on Bill: PUBLIC ACT.............................. 91-0053

   Last action date: 99-06-30

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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