HB 5438

  • Illinois House Bill
  • 96th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Video Gaming Opt-Out-Funds

Abstract

Amends the State Finance Act. Provides that, if a municipality or county prohibits video gaming pursuant to the Video Gaming Act, then (i) capital projects and the payment of debt service on bonds issued for capital projects within the municipality or county may not be funded from proceeds of video gaming that are deposited into the Capital Projects Fund and (ii) the proceeds of video gaming that are deposited into the Capital Projects Fund may not be used for the purpose of paying and discharging the principal and interest on bonded indebtedness for bonds issued for capital projects within the municipality or county. Effective immediately.

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Jan 11, 2011

House

Session Sine Die

Feb 05, 2010

House

First Reading

House

Referred to Rules Committee

Feb 04, 2010

House

Filed with the Clerk by Rep. Dan Reitz

House

Chief Co-Sponsor Rep. Angelo Saviano

House

Chief Co-Sponsor Rep. Brandon W. Phelps

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