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<xml>
<title>Illinois General Assembly - Bill Status for HB 308          </title>
<shortdesc>FINANCE-STACKED ALT BOND DEBT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. David McSweeney</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 350/3</reference><aliasreference>from Ch. 17, par. 6903</aliasreference><reference>30 ILCS 350/15</reference><aliasreference>from Ch. 17, par. 6915</aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>1/10/2019</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. David McSweeney</action>
<statusdate>1/10/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/10/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/5/2019</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>To Property Tax Subcommittee</action>
<statusdate>3/29/2019</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

