FINANCE-STACKED ALT BOND DEBT
Summary
Amends the Local Government Debt Reform Act. Provides that no alternate bonds shall be issued if the issuance of such bonds would create or continue the accumulation of stacked alternate-bonded debt. Provides that provisions concerning stacked alternate-bonded debt do not apply to any transactions or agreements concerning debt that may be in place before the effective date of this amendatory Act. Defines "stacked alternate-bonded debt". Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Oct 2018
Committee Review
Floor Vote
Governor
Introduced Oct 18, 2018
Last action Jan 8, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Jan 8, 2019
House · Failed
Session Sine Die
Nov 7, 2018
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
David McSweeney
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 5976
Scope: IL
Hi! I can help you understand HB 5976. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline