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Neutral Bill Mar 16, 2026

LOCAL GOV DEBT-ALTERNATE BONDS

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.

https://legiscan.com/IL/bill/HB2499/2025
Bill data from LegiScan, used under CC BY 4.0.
Steven Reick State Representative
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