Illinois Senate Bill 3431 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Creates the Titanium General Obligation Bond Act. Provides for the issuance, sale, and retirement of general obligation bonds, the proceeds of which shall be allocated to Illinois companies who produce, manufacture, or substantially use titanium powdered metals. Provides for the conditions of sale of the bonds, the expenditure and investment of proceeds from the sale of the bonds, and the manner of repayment of the bonds. Creates the Titanium Powdered Metals Development Fund and the Titanium Powdered Metals Development Bond Retirement and Interest Fund. Provides for a civil action to compel payment upon default. Amends the State Finance Act. Designates the Titanium Powdered Metals Development Fund and the Titanium Powdered Metals Development Bond Retirement and Interest Fund as special funds. Effective immediately.

TITANIUM GEN OBLIGATION BONDS

Sen. Mike Jacobs [D]

Date	Chamber	Action
2013-01-08	Senate	Session Sine Die
2012-03-09	Senate	Rule 3-9(a) / Re-referred to Assignments
2012-03-08	Senate	Postponed - Revenue
2012-03-01	Senate	Postponed - Revenue
2012-02-24	Senate	Postponed - Revenue
2012-02-17	Senate	Assigned to Revenue
2012-02-07	Senate	Referred to Assignments
2012-02-07	Senate	First Reading
2012-02-07	Senate	Filed with Secretary by Sen. Mike Jacobs

Chapter	Article	Section	Citation Type	Statute Text
30	105	5.811	New Code	See Bill Text
30	105	5.812	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3431&GAID=11&DocTypeID=SB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/SB/09700SB3431.htm