INC TX-BONDS Senate SponsorsSen. William E. Brady-Karen McConnaughay 1/9/2019SenateSession Sine Die New Act30 ILCS 105/5.878 new30 ILCS 105/5.879 new30 ILCS 105/6z-102 new35 ILCS 5/901from Ch. 120, par. 9-901Creates the Individual Income Tax Bond Act. Authorizes the State to issue, sell, and provide for the retirement of limited obligation bonds in the total principal amount of $6,000,000,000. Provides that the proceeds of those bonds shall be issued for the purposes of providing financial relief to vendors who do business with the State. Amends the State Finance Act to create the Individual Income Tax Bond Proceeds Fund and the Individual Income Tax Bond Retirement and Interest Fund. Amends the Illinois Income Tax Act to provide for the transfer of certain income tax proceeds into the Individual Income Tax Bond Proceeds Fund. 3/28/2017SenateFiled with Secretary by Sen. William E. Brady 3/28/2017SenateFirst Reading 3/28/2017SenateReferred to Assignments 3/29/2017SenateAdded as Chief Co-Sponsor Sen. Karen McConnaughay 1/9/2019SenateSession Sine Die