JONES,E-TROTTER-WELCH-O'DANIEL. 30 ILCS 330/2 from Ch. 127, par. 652 30 ILCS 330/5 from Ch. 127, par. 655 Amends the General Obligation Bond Act. Increases the authorization to sell bonds for school improvement projects authorized by the School Construction Law by $1,000,000,000 and extends the period during which the bonds may be sold from 6 years to 12 years. Increases the total bond authorization under the Act by an equivalent $1,000,000,000 to allow for the increased bond authorization for school construction. Effective immediately. STATE DEBT NOTE (Economic and Fiscal Commission) SB 2122 would increase General Obligation principal by $ 1.0 billion Potential General Obligation debt by $ 1.8 billion Annual debt service by $71.8 million FEB-07-2002 S FIRST READING FEB-07-2002 S ADDED AS A CHIEF CO-SPONSOR TROTTER FEB-07-2002 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-25-2002 S ADDED AS A CHIEF CO-SPONSOR WELCH FEB-26-2002 S ADDED AS A CHIEF CO-SPONSOR O'DANIEL FEB-27-2002 S ASSIGNED TO COMMITTEE APPROP MAR-04-2002 S STATE DEBT IMPACT NOTE FILED MAR-04-2002 S COMMITTEE APPROP MAR-08-2002 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary