Bill Title: Creates the Taxing Body Refinancing by Popular Vote Act. Provides that no taxing district may renew or refinance its indebtedness in a way that requires the extension of property taxes for the payment of debt service in a taxable year that is later than the taxable year in which the indebtedness would otherwise mature unless the question of such renewal or refinancing is submitted to the electors of the district at a regular election and approved by a majority of the electors voting on the question.

Spectrum: Partisan Bill (Republican 6-0)

Status: (Introduced - Dead) 2020-02-18 - Referred to Rules Committee [HB5435 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2020-02-14	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB5435

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB5435 currently on file.

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