90th General Assembly
Summary of HB3407
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House Sponsors:
MAUTINO.

Senate Sponsors:
RAUSCHENBERGER

Short description: 
IL DVLP RIVER AUTH-BONDS                                                   

Synopsis of Bill as introduced:
        Amends the Upper Illinois River Valley Development Authority Act.      
   Deletes requirement that the Upper Illinois River  Valley  Development      
   Authority  obtain  the written approval of the Governor before issuing      
   bonds, notes, or other evidences of indebtedness.                           
          FISCAL NOTE (DCCA)                                                   
          This bill would have no fiscal impact on the DCCA.                   
        HOUSE AMENDMENT NO. 1.                                                 
        Restores provision requiring  the  Upper  Illinois  River  Valley      
   Development  Authority  to obtain the written approval of the Governor      
   before issuing bonds,  notes,  or  other  evidences  of  indebtedness.      
   Provides  that  written  approval  of the Governor is not required for      
   issuances of bonds, notes, or other evidences of  indebtedness  as  to      
   which  the  Authority has determined that the provisions requiring the      
   Chairman's certification to the Governor and the Governor's report  to      
   the General Assembly of the amounts the Authority will need to pay the      
   principal and interest on the bonds shall not apply.                        
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

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


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 Full Text  Bill Status