· IL legislature · 104th

LOCAL GOV DEBT-ALTERNATE BONDS

Amends the Local Government Debt Reform Act. Provides that alternate bonds issued on or after the effective date of the amendatory Act may not be secured by the proceeds of general obligation bonds issued without referendum approval. Effective immediately.

Sponsor

Steve Reick (R-IL)

Introduced

2025-02-03

Policy area

Economics and Public Finance

Latest action

Referred to Rules Committee