Joe Sosnowski
- Republican
- Representative
- District 69
Primary
Amends the State Finance Act, General Obligation Bond Act, Bond Authorization Act, and Local Government Credit Enhancement Act. Removes provisions concerning interest payable on variable rate bonds. Removes provisions allowing certain governmental units to enter into agreements to engage in "swap" agreements with respect to all or part of any currently outstanding or proposed bonds. Removes provisions authorizing variable interest rates and certain credit or liquidity enhancement arrangements, including interest rate protection or exchange agreements and guarantees with respect to the issuance of general obligation bonds. Removes provisions requiring the net payments required of the State for such arrangements to be certified by the Director of the Governor's Office of Management and Budget and treated as interest. Makes related changes. Adds definitions. Effective immediately.
Session Sine Die
Alternate Chief Sponsor Changed to Sen. William E. Brady
Chief Senate Sponsor Sen. Pamela J. Althoff
Referred to Assignments
First Reading
Arrive in Senate
Placed on Calendar Order of First Reading May 3, 2017
Third Reading - Short Debate - Passed 114-001-001
House Floor Amendment No. 2 Adopted
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000
House Floor Amendment No. 2 Filed with Clerk by Rep. Joe Sosnowski
House Floor Amendment No. 2 Referred to Rules Committee
House Floor Amendment No. 1 Referred to Rules Committee
House Floor Amendment No. 1 Filed with Clerk by Rep. Joe Sosnowski
Added Chief Co-Sponsor Rep. Christian L. Mitchell
Added Chief Co-Sponsor Rep. Robert W. Pritchard
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate State Government Administration Committee; 007-000-000
Assigned to State Government Administration Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Joe Sosnowski
| Bill Text Versions | Format |
|---|---|
| Engrossed | HTML |
| Introduced | HTML |
| Document | Format |
|---|---|
| House Amendment 002 | |
| House Amendment 001 |
Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.