Bill Status of HB 1580   97th General Assembly


Short Description:  TITANIUM GEN OBLIGATION BONDS

House Sponsors
Rep. Frank J. Mautino

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.786 new
30 ILCS 105/5.787 new

Synopsis As Introduced
Creates the Titanium General Obligation Bond Act. Provides for the issuance, sale, and retirement of general obligation bonds, the proceeds of which shall be allocated to Illinois companies who produce, manufacture, or substantially use titanium powdered metals. Provides for the conditions of sale of the bonds, the expenditure and investment of proceeds from the sale of the bonds, and the manner of repayment of the bonds. Creates the Titanium Powdered Metals Development Fund and the Titanium Powdered Metals Development Bond Retirement and Interest Fund. Provides for a civil action to compel payment upon default. Amends the State Finance Act. Designates the Titanium Powdered Metals Development Fund and the Titanium Powdered Metals Development Bond Retirement and Interest Fund as special funds. Effective immediately.

Actions 
DateChamber Action
  2/15/2011HouseFiled with the Clerk by Rep. Frank J. Mautino
  2/15/2011HouseFirst Reading
  2/15/2011HouseReferred to Rules Committee
  2/22/2011HouseAssigned to Revenue & Finance Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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