<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 2499         </title>
<shortdesc>LOCAL GOV DEBT-ALTERNATE BONDS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Steven Reick</sponsors>
</sponsor>
<lastaction>
<statusdate>2/4/2025</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 350/15</reference><aliasreference>from Ch. 17, par. 6915</aliasreference><SynopsisText>     Amends the Local Government Debt Reform Act. Provides that alternate bonds issued on or after the effective date of the amendatory Act may not be secured by the proceeds of general obligation bonds issued without referendum approval. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/3/2025</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Steven Reick</action>
<statusdate>2/4/2025</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/4/2025</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
</actions>
</xml>

