Bill Sponsors: IL HB5435 | 2019-2020 | 101st General Assembly

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]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Grant Wehrli [R]PrimarySponsored BillsHD-041FollowTheMoneyBallotpediaVoteSmart
Representative Deanne Mazzochi [R]CosponsorSponsored BillsHD-047FollowTheMoneyBallotpediaVoteSmart
Representative Joe Sosnowski [R]CosponsorSponsored BillsHD-069FollowTheMoneyBallotpediaVoteSmart
Representative Amy Grant [R]CosponsorSponsored BillsHD-047FollowTheMoneyBallotpediaVoteSmart
Representative Lindsay Parkhurst [R]CosponsorSponsored BillsHD-079FollowTheMoneyBallotpediaVoteSmart
Representative Tom Weber [R]CosponsorSponsored BillsHD-064FollowTheMoneyBallotpediaVoteSmart

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