SB2683 amends the Local Government Debt Reform Act to extend bond approval periods for specific referendums.
SB2683 amends the Local Government Debt Reform Act by extending the approval period for certain bond issuances. Specifically, it sets the approval period for bonds authorized under the School Code and approved by voters of Iroquois County Community Unit School District Number 9 in an April 2021 referendum to 10 years. It also extends the approval period for bonds authorized under the Counties Code and approved by Jackson County voters in a 1994 referendum for flooding prevention to 25 years. The bill takes effect immediately upon becoming law.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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