<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 178          </title>
<shortdesc>BONDS-PENSION OBLIGATION</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Omar Aquino</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 105/5.891 new</reference><aliasreference></aliasreference><reference>30 ILCS 330/2</reference><aliasreference>from Ch. 127, par. 652</aliasreference><reference>30 ILCS 330/2.5</reference><aliasreference></aliasreference><reference>30 ILCS 330/7.8 new</reference><aliasreference></aliasreference><reference>30 ILCS 330/9</reference><aliasreference>from Ch. 127, par. 659</aliasreference><reference>30 ILCS 330/12</reference><aliasreference>from Ch. 127, par. 662</aliasreference><reference>30 ILCS 330/13</reference><aliasreference>from Ch. 127, par. 663</aliasreference><reference>40 ILCS 15/1.10 new</reference><aliasreference></aliasreference><SynopsisText>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.</SynopsisText></synopsis>
<actions>
<statusdate>1/30/2019</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Omar Aquino</action>
<statusdate>1/30/2019</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/30/2019</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/6/2019</statusdate><chamber>Senate</chamber><action>Assigned to Executive</action>
<statusdate>3/6/2019</statusdate><chamber>Senate</chamber><action>To Subcommittee on Governmental Operations</action>
<statusdate>3/22/2019</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

