Jim Oberweis
- Republican
Primary
Amends the General Obligation Bond Act. Allows for the use of existing bonding authority authorized under Public Act 96-1497 to re-issue and sell bonds of up to $2,200,000,000 and then deposit the proceeds of the sale into the General Obligation Bond Retirement and Interest Fund for the sole purpose of retiring bonds authorized by Public Act 96-1497. Provides that the bonds authorized by the amendatory Act shall be payable within 10 years. Exempts the bonds issued under the amendatory Act from requirements concerning total bond payments compared to aggregate appropriations from the general funds and Road Fund and from requirements concerning methods of sale.
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Session Sine Die
Rule 3-9(a) / Re-referred to Assignments
Postponed - Executive
Added as Chief Co-Sponsor Sen. Kyle McCarter
Added as Chief Co-Sponsor Sen. Dan McConchie
Assigned to Executive
Rule 2-10 Committee Deadline Established As May 12, 2017
Filed with Secretary by Sen. Jim Oberweis
Referred to Assignments
First Reading
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