Bill > SB0533

This bill makes a technical amendment to the Private Activity Bond Approval Act by modifying Section 1. However, the specific details of the modification are not clear from the provided XML text. Private Activity Bonds are a type of municipal bond where the proceeds are used to finance projects for private entities that provide a public benefit, such as infrastructure, housing, or economic development. While the government summary indicates a technical change to the short title, the actual text of the change is not visible in the provided document. Without more context, it appears to be a minor procedural update to the existing law.

Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=533&GAID=18&DocTypeID=SB&SessionID=114&GA=104