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<xml>
<title>Illinois General Assembly - Bill Status for HB 5438   </title>
<shortdesc>VIDEO GAMING OPT-OUT-FUNDS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Dan Reitz-Angelo Saviano-Brandon W. Phelps</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 105/6z-77</reference><aliasreference></aliasreference><reference>30 ILCS 105/6z-78</reference><aliasreference></aliasreference><SynopsisText>     Amends the State Finance Act. Provides that, if a municipality or county prohibits video gaming pursuant to the Video Gaming Act, then (i) capital projects and the payment of debt service on bonds issued for capital projects within the municipality or county may not be funded from proceeds of video gaming that are deposited into the Capital Projects Fund and (ii) the proceeds of video gaming that are deposited into the Capital Projects Fund may not be used for the purpose of paying and discharging the principal and interest on bonded indebtedness for bonds issued for capital projects within the municipality or county. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2010</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Dan Reitz</action>
<statusdate>2/4/2010</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Angelo Saviano</action>
<statusdate>2/4/2010</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Brandon W. Phelps</action>
<statusdate>2/5/2010</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/5/2010</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

