Bill Status of HJRCA 20   95th General Assembly

Short Description:  CON AMEND-REV DEBT SERVICE

House Sponsors
Rep. Jim Watson-Jim Durkin-Ron Stephens-Renée Kosel-Ed Sullivan, Jr., Raymond Poe, Harry R. Ramey, Jr., Joe Dunn and Shane Cultra

Last Action  View All Actions

DateChamber Action
  5/4/2008HouseTabled Pursuant to Rule 46

ILCON Art. IX, Sec. 9.1 new 

Synopsis As Introduced
Proposes to amend the Revenue Article of the Illinois Constitution. Prohibits the State from issuing general obligation bonds or other indebtedness secured by the full faith and credit of the State if, in the next fiscal year, the resulting amount of debt service on all outstanding bonds would exceed 7% of that fiscal year's aggregate appropriations of (i) general funds and (ii) specific vehicle or fuel related revenues. Permits the issuance of bonds that would otherwise violate the prohibition if the State Comptroller and State Treasurer consent in writing. Effective upon being declared adopted.

Actions 
DateChamber Action
  2/27/2007HouseFiled with the Clerk by Rep. Jim Watson
  2/28/2007HouseRead in Full a First Time
  2/28/2007HouseReferred to Rules Committee
  3/19/2007HouseAdded Chief Co-Sponsor Rep. Jim Durkin
  3/19/2007HouseAdded Chief Co-Sponsor Rep. Ron Stephens
  3/19/2007HouseAdded Chief Co-Sponsor Rep. Renée Kosel
  3/19/2007HouseAdded Chief Co-Sponsor Rep. Ed Sullivan, Jr.
  3/19/2007HouseAdded Co-Sponsor Rep. Raymond Poe
  3/19/2007HouseAdded Co-Sponsor Rep. Harry R. Ramey, Jr.
  3/19/2007HouseAdded Co-Sponsor Rep. Joe Dunn
  3/19/2007HouseAdded Co-Sponsor Rep. Shane Cultra
  5/4/2008HouseTabled Pursuant to Rule 46

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