Introduced
by
To modify certain bonding authority contained in the Municipal Distributable Aid Bond Act , and place a Jan. 1, 2010 sunset provision in the act. The bonding modifications make the act conform to changes made to the Municipal Finance Act by Senate Bill 29, now Public Act 34 of 2001. That new law made important changes to the procedures, requirements, and restrictions imposed on borrowing and debt issuance by local units of government and governmental authorities. For more information on those changes see the description of <a href="/bill.asp?ID=4790">Senate Bill 29</a>. This is one of more than 100 House and Senate bills amending different public acts to conform with the new law.
Referred to the Committee on Finance
Passed in the Senate 35 to 0 (details)
To modify certain bonding authority contained in the Municipal Distributable Aid Bond Act , and place a Jan. 1, 2010 sunset provision in the act. The bonding modifications make the act conform to changes made to the Municipal Finance Act by Senate Bill 29, now Public Act 34 of 2001. That new law made important changes to the procedures, requirements, and restrictions imposed on borrowing and debt issuance by local units of government and governmental authorities. For more information on those changes see the description of Senate Bill 29. This is one of more than 100 House and Senate bills amending different public acts to conform with the new law.
Substitute offered
by
To replace the previous version of the bill with one recommended by the committee which reported it. The substitute incorporates changes resulting from committee testimony and deliberation. These do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 100 to 0 (details)
To modify certain bonding authority contained in the Municipal Distributable Aid Bond Act , and place a Jan. 1, 2010 sunset provision in the act. The bonding modifications make the act conform to changes made to the Municipal Finance Act by Senate Bill 29, now Public Act 34 of 2001. That new law made important changes to the procedures, requirements, and restrictions imposed on borrowing and debt issuance by local units of government and governmental authorities. For more information on those changes see the description of Senate Bill 29. This is one of more than 100 House and Senate bills amending different public acts to conform with the new law.
Passed in the Senate 37 to 0 (details)
To concur with the House-passed version of the bill.
