FINANCE ACT-BONDS AND DEBT House SponsorsRep. Joe Sosnowski 1/13/2021HouseSession Sine Die 30 ILCS 105/6z-4530 ILCS 305/7from Ch. 17, par. 660730 ILCS 330/9from Ch. 127, par. 65930 ILCS 330/14from Ch. 127, par. 66430 ILCS 330/15from Ch. 127, par. 66550 ILCS 410/2from Ch. 85, par. 430250 ILCS 410/3from Ch. 85, par. 4303 Amends the State Finance Act, General Obligation Bond Act, Bond Authorization Act, and the Local Government Credit Enhancement Act. Remove provisions concerning interest payable on variable rate bonds. Removes provisions allowing certain governmental units to enter into agreements to engage in "swap" agreements with respect to all or part of any currently outstanding or proposed bonds. Removes provisions authorizing variable interest rates and certain credit or liquidity enhancement arrangements, including interest rate protection or exchange agreements and guarantees with respect to the issuance of general obligation bonds. Removes provisions concerning the net payments required of the State for such arrangements certified by the Director of the Bureau of the Budget and treated as interest. Makes related changes. Reinstates definitions. Effective immediately. 1/24/2019HouseFiled with the Clerk by Rep. Joe Sosnowski 1/28/2019HouseFirst Reading 1/28/2019HouseReferred to Rules Committee 2/5/2019HouseAssigned to Revenue & Finance Committee 2/14/2019HouseTo Sales, Amusement & Other Taxes Subcommittee 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die