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

Statutes Amended In Order of Appearance

30 ILCS 105/6z-45

30 ILCS 305/7

from Ch. 17, par. 6607

30 ILCS 330/9

from Ch. 127, par. 659

30 ILCS 330/14

from Ch. 127, par. 664

30 ILCS 330/15

from Ch. 127, par. 665

50 ILCS 410/2

from Ch. 85, par. 4302

50 ILCS 410/3

from Ch. 85, par. 4303

Synopsis As Introduced
Amends the State Finance Act, General Obligation Bond Act, Bond Authorization Act, and Local Government Credit Enhancement Act. Removes provisions concerning interest payable on variable rate bonds. Removes provisions allowing certain governmental units to enter into agreements to engage in "swap" agreements with respect to all or part of any currently outstanding or proposed bonds. Removes provisions authorizing variable interest rates and certain credit or liquidity enhancement arrangements, including interest rate protection or exchange agreements and guarantees with respect to the issuance of general obligation bonds. Removes provisions requiring the net payments required of the State for such arrangements to be certified by the Director of the Governor's Office of Management and Budget and treated as interest. Makes related changes. Adds definitions. Effective immediately.

House Floor Amendment No. 2
Restores the current maximum payment period. Makes grammatical and stylistic changes. Corrects various errors in the wording of the introduced bill.

Actions 

Date	Chamber	Action
2/9/2017	House	Filed with the Clerk by Rep. Joe Sosnowski
2/10/2017	House	First Reading
2/10/2017	House	Referred to Rules Committee
2/22/2017	House	Assigned to State Government Administration Committee
3/29/2017	House	Do Pass / Short Debate State Government Administration Committee; 007-000-000
3/30/2017	House	Placed on Calendar 2nd Reading - Short Debate
3/30/2017	House	Added Chief Co-Sponsor Rep. Christian L. Mitchell
3/30/2017	House	Added Chief Co-Sponsor Rep. Robert W. Pritchard
4/4/2017	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Joe Sosnowski
4/4/2017	House	House Floor Amendment No. 1 Referred to Rules Committee
4/21/2017	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Joe Sosnowski
4/21/2017	House	House Floor Amendment No. 2 Referred to Rules Committee
4/24/2017	House	House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000
4/25/2017	House	Second Reading - Short Debate
4/25/2017	House	House Floor Amendment No. 2 Adopted
4/25/2017	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/27/2017	House	Third Reading - Short Debate - Passed 114-001-001
5/2/2017	Senate	Arrive in Senate
5/2/2017	Senate	Placed on Calendar Order of First Reading May 3, 2017
4/18/2018	Senate	Chief Senate Sponsor Sen. Pamela J. Althoff
4/18/2018	Senate	First Reading
4/18/2018	Senate	Referred to Assignments
9/30/2018	Senate	Alternate Chief Sponsor Changed to Sen. William E. Brady
1/8/2019	House	Session Sine Die

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