Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 105/6z-43

30 ILCS 330/7.5

Synopsis As Introduced
Amends the General Obligation Bond Act. Provides that the tobacco securitization bonds may be issued only in fiscal years 2003 and 2004 (now, only in fiscal year 2003). Amends the State Finance Act. Makes a technical change in a Section concerning the Tobacco Settlement Recovery Fund. Effective immediately.

	State Debt Impact Note (Economic and Fiscal Commission)
	SB 1477 allows General Obligation "Tobacco Securitization" bonds to be issued not only in FY 2003, but also in FY 2004. Public Act 92-0596 authorized the issuance of $750 million of Tobacco Securitization bonds, that, if issued, would increase: Potential General Obligation debt by $0.9-$1.5 billion Annual debt service by $53-$103 million.

	Fiscal Note (Bureau of the Budget)
	No fiscal impact for this bill.

Actions 

Date	Chamber	Action
2/20/2003	Senate	Filed with Secretary by Sen. Patrick Welch
2/20/2003	Senate	First Reading
2/20/2003	Senate	Referred to Rules
2/27/2003	Senate	Assigned to Executive
3/6/2003	Senate	Do Pass Executive; 008-005-000
3/6/2003	Senate	Placed on Calendar Order of 2nd Reading March 11, 2003
3/18/2003	Senate	Fiscal Note Requested by Sen. Peter J. Roskam
3/19/2003	Senate	State Debt Impact Note Filed
3/20/2003	Senate	Added as Chief Co-Sponsor Sen. Debbie DeFrancesco Halvorson
3/21/2003	Senate	State Debt Impact Note Requested by Sen. Peter J. Roskam
3/24/2003	Senate	Fiscal Note Filed
3/25/2003	Senate	Second Reading
3/25/2003	Senate	Placed on Calendar Order of 3rd Reading March 26, 2003
3/26/2003	Senate	Added as Chief Co-Sponsor Sen. Vince Demuzio
4/4/2003	Senate	Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
4/9/2003	Senate	Third Reading Deadline Extended - Rule 2-10(e) to December 31, 2003.
7/1/2003	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
1/11/2005	Senate	Session Sine Die

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