Bill Status of SB 3431   97th General Assembly

Short Description:  TITANIUM GEN OBLIGATION BONDS

Senate Sponsors
Sen. Mike Jacobs

Last Action  View All Actions

DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.811 new
30 ILCS 105/5.812 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
  2/7/2012SenateFiled with Secretary by Sen. Mike Jacobs
  2/7/2012SenateFirst Reading
  2/7/2012SenateReferred to Assignments
  2/17/2012SenateAssigned to Revenue
  2/24/2012SenatePostponed - Revenue
  3/1/2012SenatePostponed - Revenue
  3/8/2012SenatePostponed - Revenue
  3/9/2012SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

Back To Top