Bill Status of HB 4464   101st General Assembly

Short Description:  FINANCE-BONDS-SPENDING LIMIT

House Sponsors
Rep. Allen Skillicorn

Last Action  View All Actions

DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/14.3 new
30 ILCS 330/2from Ch. 127, par. 652
30 ILCS 330/2.5
30 ILCS 330/7.8 new
30 ILCS 330/9from Ch. 127, par. 659
30 ILCS 330/11from Ch. 127, par. 661
30 ILCS 330/12from Ch. 127, par. 662
30 ILCS 330/13from Ch. 127, par. 663

Synopsis As Introduced
Amends the State Finance Act. Provides that if State spending exceeds $31,374,000,000, then no member of the General Assembly shall receive any compensation for his or her service as a member of the General Assembly, including any salary, stipend, or per diem, for the remainder of the fiscal year or until such time as the Governor is presented with a bill or bills passed by the General Assembly to reduce State spending to a level that does not exceed the State spending limitation. Provides further requirements concerning the State spending limitation. Amends the General Obligation Bond Act. Authorizes the issuance of an additional $7,000,000,000 in State General Obligation Restructuring Bonds. Provides that the proceeds from that bond sale shall be used for the purpose of paying vouchers incurred by the State prior to July 1, 2020. Makes conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/3/2020HouseFiled with the Clerk by Rep. Allen Skillicorn
  2/3/2020HouseFirst Reading
  2/3/2020HouseReferred to Rules Committee
  1/13/2021HouseSession Sine Die

Back To Top