CON AMEND-REV DEBT SERVICE House SponsorsRep. Jim Watson-Jim Durkin-Ron Stephens-Renée Kosel-Ed Sullivan, Jr., Raymond Poe, Harry R. Ramey, Jr., Joe Dunn and Shane Cultra 5/4/2008HouseTabled Pursuant to Rule 46 ILCON Art. IX, Sec. 9.1 new Proposes to amend the Revenue Article of the Illinois Constitution. Prohibits the State from issuing general obligation bonds or other indebtedness secured by the full faith and credit of the State if, in the next fiscal year, the resulting amount of debt service on all outstanding bonds would exceed 7% of that fiscal year's aggregate appropriations of (i) general funds and (ii) specific vehicle or fuel related revenues. Permits the issuance of bonds that would otherwise violate the prohibition if the State Comptroller and State Treasurer consent in writing. Effective upon being declared adopted. 2/27/2007HouseFiled with the Clerk by Rep. Jim Watson 2/28/2007HouseRead in Full a First Time 2/28/2007HouseReferred to Rules Committee 3/19/2007HouseAdded Chief Co-Sponsor Rep. Jim Durkin 3/19/2007HouseAdded Chief Co-Sponsor Rep. Ron Stephens 3/19/2007HouseAdded Chief Co-Sponsor Rep. Renée Kosel 3/19/2007HouseAdded Chief Co-Sponsor Rep. Ed Sullivan, Jr. 3/19/2007HouseAdded Co-Sponsor Rep. Raymond Poe 3/19/2007HouseAdded Co-Sponsor Rep. Harry R. Ramey, Jr. 3/19/2007HouseAdded Co-Sponsor Rep. Joe Dunn 3/19/2007HouseAdded Co-Sponsor Rep. Shane Cultra 5/4/2008HouseTabled Pursuant to Rule 46