IL SB0178 | 2019-2020 | 101st General Assembly

Illinois Senate Bill 178 (Prior Session Legislation)

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the General Obligation Bond Act. Authorizes the issuance of an additional $120,015,000,000 in State Serial Long Term Pension Obligation Bonds. Amends the State Pension Funds Continuing Appropriation Act to create a continuing appropriation for payments on those Bonds. Amends the State Finance Act to create the State Pension Serial Long Term Obligation Bond Fund. Effective immediately.

Title

BONDS-PENSION OBLIGATION

History

Date	Chamber	Action
2021-01-13	Senate	Session Sine Die
2019-03-22	Senate	Rule 3-9(a) / Re-referred to Assignments
2019-03-06	Senate	To Subcommittee on Governmental Operations
2019-02-06	Senate	Assigned to Executive
2019-01-30	Senate	Referred to Assignments
2019-01-30	Senate	First Reading
2019-01-30	Senate	Filed with Secretary by Sen. Omar Aquino

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
30	105	5.891	New Code	See Bill Text
30	330	12	Amended Code	Citation Text
30	330	13	Amended Code	Citation Text
30	330	2	Amended Code	Citation Text
30	330	2.5	Amended Code	Citation Text
30	330	7.8	New Code	See Bill Text
30	330	9	Amended Code	Citation Text
40	15	1.10	New Code	See Bill Text

Illinois State Sources

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=178&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB0178.htm