LOCAL GOVT DEBT-COST EFFECTIVE Senate SponsorsSen. Ron Sandack 1/8/2013SenateSession Sine Die 30 ILCS 350/4from Ch. 17, par. 6904Amends the Local Government Debt Reform Act. Provides that, whenever a governmental unit has been granted the power to issue bonds, the governmental unit may incur debt only if that the governmental unit first makes a finding that the particular instrument of indebtedness selected is the most cost-effective means or is otherwise the most appropriate method for the particular purpose for which the funds are to be used. 2/1/2012SenateFiled with Secretary by Sen. Ron Sandack 2/1/2012SenateFirst Reading 2/1/2012SenateReferred to Assignments 2/17/2012SenateAssigned to Local Government 2/23/2012SenatePostponed - Local Government 2/29/2012SenatePostponed - Local Government 3/7/2012SenatePostponed - Local Government 3/9/2012SenateRule 3-9(a) / Re-referred to Assignments 1/8/2013SenateSession Sine Die