HB 5976

  • Illinois House Bill
  • 100th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Finance-Stacked Alt Bond Debt

Abstract

Amends the Local Government Debt Reform Act. Provides that no alternate bonds shall be issued if the issuance of such bonds would create or continue the accumulation of stacked alternate-bonded debt. Provides that provisions concerning stacked alternate-bonded debt do not apply to any transactions or agreements concerning debt that may be in place before the effective date of this amendatory Act. Defines "stacked alternate-bonded debt". Effective immediately.

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Jan 08, 2019

House

Session Sine Die

Nov 07, 2018

House

First Reading

House

Referred to Rules Committee

Oct 18, 2018

House

Filed with the Clerk by Rep. David McSweeney

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