TITANIUM GEN OBLIGATION BONDS House SponsorsRep. Frank J. Mautino 1/8/2013HouseSession Sine Die New Act30 ILCS 105/5.786 new30 ILCS 105/5.787 new Creates the Titanium General Obligation Bond Act. Provides for the issuance, sale, and retirement of general obligation bonds, the proceeds of which shall be allocated to Illinois companies who produce, manufacture, or substantially use titanium powdered metals. Provides for the conditions of sale of the bonds, the expenditure and investment of proceeds from the sale of the bonds, and the manner of repayment of the bonds. Creates the Titanium Powdered Metals Development Fund and the Titanium Powdered Metals Development Bond Retirement and Interest Fund. Provides for a civil action to compel payment upon default. Amends the State Finance Act. Designates the Titanium Powdered Metals Development Fund and the Titanium Powdered Metals Development Bond Retirement and Interest Fund as special funds. Effective immediately. 2/15/2011HouseFiled with the Clerk by Rep. Frank J. Mautino 2/15/2011HouseFirst Reading 2/15/2011HouseReferred to Rules Committee 2/22/2011HouseAssigned to Revenue & Finance Committee 3/17/2011HouseRule 19(a) / Re-referred to Rules Committee 1/8/2013HouseSession Sine Die