Bill Text: IL HB5434 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Creates the Taxing Body Debt and Convention Control Act. Contains only a statement of legislative intent.
Spectrum: Partisan Bill (Republican 4-0)
Status: (Introduced - Dead) 2020-02-18 - Referred to Rules Committee [HB5434 Detail]
Download: Illinois-2019-HB5434-Introduced.html
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1 | AN ACT concerning local government.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 1. Short title. This Act may be cited as the Taxing | |||||||||||||||||||
5 | Body Debt and Convention Control Act.
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6 | Section 5. Legislative intent. It is the intent of the | |||||||||||||||||||
7 | General Assembly that employees of taxing bodies may not attend | |||||||||||||||||||
8 | conventions outside of the corporate boundaries of the taxing | |||||||||||||||||||
9 | body or accept hospitality in an official capacity from any | |||||||||||||||||||
10 | entity that is connected, directly or indirectly, with a debt | |||||||||||||||||||
11 | financial firm or a debt underwriter.
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