Bill > HB0540

This bill proposes a technical amendment to the Private Activity Bond Approval Act, specifically modifying Section 1 of the existing law. While the provided XML indicates an intent to change the section, the actual details of the modification are not visible in the text. Private Activity Bonds are a type of municipal bond where a portion of the bond proceeds are used for private (commercial) purposes, but which still provide a public benefit and receive special tax treatment. Without more specific details about the proposed change, the summary can only note that this appears to be a minor, likely procedural adjustment to the existing statute's language or structure.

Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=540&GAID=18&DocTypeID=HB&SessionID=114&GA=104