State Codes and Statutes
Statutes > Illinois > Chapter25 > 443 (25 ILCS 65/1) (from Ch. 63, par. 42.71) Sec. 1. This Act shall be known and may be cited as the State Debt Impact Note Act. (Source: P.A. 81‑615.) |
(25 ILCS 65/2) (from Ch. 63, par. 42.72) Sec. 2. "Long‑term debt authorization" means (1) dollar amount of bonds or other evidences of indebtedness which are secured by the full faith and credit of the State or are required to be repaid, directly or indirectly, from tax revenue and which can be sold in support of designated purposes by the State, any department, authority, public corporation or quasi‑public corporation of the State, any State college or university, or any other public agency created by the State, not including units of local government or school districts; or (2) the dollar amount of bond and other evidences of indebtedness which are not secured by the full faith and credit or tax revenue of the State nor required to be repaid, directly or indirectly, from tax revenue and which can be sold in support of designated purposes by the State, any department, authority, public corporation and quasi‑public corporation of the State, the State colleges and universities, and any other public agency created by the State, not including units of local government or school districts. (Source: P.A. 81‑615.) |
(25 ILCS 65/6) (from Ch. 63, par. 42.76) Sec. 6. The fact that a State Debt Impact Note is prepared for any bill shall not preclude or restrict the appearance before any committee of the General Assembly of any official or authorized employee of any State board, commission, department, agency or other entity who desires to be heard in support of or in opposition to the measure. (Source: P.A. 81‑615.) |
(25 ILCS 65/8) (from Ch. 63, par. 42.78) Sec. 8. The subject matter of bills submitted to the Commission for preparation of State Debt Impact Notes shall be kept in strict confidence and no information relating thereto or relating to the State debt impact of any such measure shall be divulged by any official or employee of the Commission prior to its introduction in the General Assembly. (Source: P.A. 81‑615.) |
(25 ILCS 65/9) (from Ch. 63, par. 42.79) Sec. 9. The requirements imposed on bills by this Act shall be deemed to be procedural requirements for passage within the meaning of Section 8 of Article IV of the Constitution of Illinois, and the certification of the Speaker of the House and the President of the Senate shall be conclusive that a certified bill has met the requirements of this Act. (Source: P.A. 81‑615.) |