Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 350/11

from Ch. 17, par. 6911

Synopsis As Introduced
Amends the Local Government Debt Reform Act. Provides that bonds that have been refunded shall not be considered to be indebtedness for the purposes of any statutory or other debt limitation if the refunded bonds are secured by and to be paid as to principal, interest, and premium from an escrow account that is invested in certain obligations and is determined to be sufficient for the timely payment of principal and interest on the refunded bonds. Provides that any governmental unit may deposit cash into an escrow account to be held uninvested for the purpose of refunding or providing for the payment of principal, interest, and premium on its bonds.

Actions 

Date	Chamber	Action
2/8/2012	House	Filed with the Clerk by Rep. Brandon W. Phelps
2/8/2012	House	First Reading
2/8/2012	House	Referred to Rules Committee
1/8/2013	House	Session Sine Die

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