BONDS-PENSION OBLIGATION
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2019
Committee Review
Floor Vote
Governor
Introduced Jan 30, 2019
Last action Mar 22, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
4
Mar 22, 2019
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Mar 6, 2019
Upper · Passed
To Subcommittee on Governmental Operations
upper
Feb 6, 2019
Committee
Assigned to Executive
upper
Jan 30, 2019
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 178
Scope: IL
Hi! I can help you understand SB 178. 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