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IL SB0667

Bill

Official Source

Status

Failed

1/9/2019

Primary Sponsor

Iris Martinez

Click for details

Origin

Senate

100th General Assembly

AI Summary

  • Amends Section 15 of the General Obligation Bond Act to modify how federal funds received for capital facilities projects are handled
  • Unused federal funds or reimbursements for capital projects funded by the Capital Development Fund shall remain in the Capital Development Board Contributory Trust Fund for capital projects only, subject to appropriation and Capital Development Board direction
  • Removes provision requiring federal reimbursements for completed construction projects to be deposited in the Capital Development Bond Retirement and Interest Fund
  • Makes identical amendments to Section 9a of the Capital Development Bond Act of 1972 regarding federal funds for capital improvement projects
  • Takes effect upon becoming law

Legislative Description

CDB-FEDERAL FUNDS

Last Action

Session Sine Die

1/9/2019

Committee Referrals

Rules5/31/2018
Executive2/21/2018
Rules5/31/2017
Executive5/9/2017
Rules4/25/2017
State Government2/1/2017
Assignments1/25/2017

Full Bill Text

No bill text available