Loading chat...

IL HB0846

Bill

Official Source

Status

Introduced

2/10/2021

Primary Sponsor

Dan Ugaste

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Amends the Bond Authorization Act by adding Section 8 titled "Roll-over prohibited"
  • Prohibits public corporations from continuing to levy taxes for bond payments after the bond's maturity date or debt discharge, whichever occurs first
  • Prevents public corporations from extending or rolling over tax authority beyond the original bond obligation period
  • Effective immediately upon becoming law

Legislative Description

BOND AUTH-NO ROLLOVER

Last Action

Rule 19(a) / Re-referred to Rules Committee

2/18/2022

Committee Referrals

Rules2/18/2022
Property Tax2/10/2022
Revenue & Finance2/1/2022
Rules3/27/2021
Property Tax3/11/2021
Revenue & Finance3/2/2021
Rules2/10/2021

Full Bill Text

No bill text available