Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 350/13.1 new

Synopsis As Introduced
Amends the Local Government Debt Reform Act. Provides that all bonds, including general obligation bonds and revenue bonds issued under the Act, shall be secured by a statutory lien on all revenues received or entitled to be received. Provides that the statutory lien shall automatically attach from the time the bonds are issued without further action or authorization by the governing authority of the local public entity. Provides that the lien shall be a first priority lien unless the bonds so otherwise provide. Provides that the provisions apply to all bonds issued by a local public entity, including bonds issued by a local public entity with home rule authority, and that the bonds shall have all of the protection afforded to special revenue bonds under the federal Bankruptcy Code. Effective immediately.

Actions 

Date	Chamber	Action
2/8/2017	House	Filed with the Clerk by Rep. Anthony DeLuca
2/8/2017	House	First Reading
2/8/2017	House	Referred to Rules Committee
2/22/2017	House	Assigned to Cities & Villages Committee
3/7/2017	House	Do Pass / Short Debate Cities & Villages Committee; 014-000-000
3/8/2017	House	Placed on Calendar 2nd Reading - Short Debate
3/9/2017	House	Second Reading - Short Debate
3/9/2017	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/22/2017	House	Added Chief Co-Sponsor Rep. Mark Batinick
4/24/2017	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Anthony DeLuca
4/24/2017	House	House Floor Amendment No. 1 Referred to Rules Committee
4/26/2017	House	House Floor Amendment No. 1 Rules Refers to Cities & Villages Committee
4/28/2017	House	House Floor Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
4/28/2017	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2019	House	Session Sine Die

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