2025-2026 Regular Session • Illinois Legislature
HB2499: LOCAL GOV DEBT-ALTERNATE BONDS
Legislative Summary
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.
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
2/3/2025
Filed with the Clerk by Rep. Steven Reick
House of Representatives
2/4/2025
First Reading
House of Representatives
2/4/2025
Referred to Rules Committee
House of Representatives
Status Information
Current Status
Introduced(2/3/2025)
Chamber
House of Representatives
Committee
Rules(House of Representatives)
Sponsors
Republican: 1
Primary Sponsor
Steven Reick
Republican