Bill > HB0539

This bill makes a technical amendment to the Illinois Private Activity Bond Allocation Act by changing Section 1 of the law. While the specific details of the change are not provided in the available text, the government summary suggests it is a minor modification to the short title of the act. Private activity bonds are a type of municipal bond that allows private entities to use the tax-exempt borrowing status typically reserved for government projects, which can help finance various types of infrastructure, economic development, and community projects. Without more context from the full text of the bill, the precise nature of the technical change cannot be definitively determined.

Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=539&GAID=18&DocTypeID=HB&SessionID=114&GA=104