Illinois HB 5196: PEN CD-ACCELERATED BENEFIT
Status: Passed Both Houses (as of 2026-05-29)
State: Illinois · Session: 104th · Bill: HB 5196
Sponsors: Bob Morgan, Robert F. Martwick, Andrew S. Chesney, Chris Balkema, Janet Yang Rohr, Jennifer Sanalitro, Li Arellano, Jr., Martha Deuter, Matt Hanson, Nicolle Grasse, Sara Feigenholtz, Stephanie A. Kifowit, Steven Reick, Suzy Glowiak Hilton
Bill Text
• Illinois General Assembly - Full Text of HB5196 • • • • • • • • • • • • Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. Choose Language English Afrikaans Albanian Arabic Armenian Azerbaijani Basque Bengali Bosnian Catalan Croatian Czech Danish Dutch Esperanto Estonian Filipino Finnish French Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hungarian Icelandic Indonesian Interlingua Interlingue Inuktitut Irish Italian Japanese Javanese Kannada Khmer Korean Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malayalam Maltese Maori Marathi Myanmar Nepali Norwegian Odia Pashto Punjabi Romanian Russian Samoan Sango Sanskrit Sardinian Sindhi Sinhala Slovak Slovenian Somali Southern Sotho Spanish Sundanese Swahili Swedish Tamil Telugu Thai Tigrinya Tonga Turkish Ukrainian Urdu Vietnamese Welsh Xhosa Yiddish Yoruba Zulu Powered by Translate Close Illinois General Assembly Top Navigation Bar Translate Learn Select General Assembly Search the 104th General Assembly Enter search terms for legislation, members, committees, or schedules. ILGA.GOV • • LEGISLATION & LAWS • Bills & Resolutions • Public Acts • Illinois Compiled Statutes • Illinois Constitution • Search Legislation • Glossary • Guide • Reports & Inquiry • Legislative Reports • Special Reports • FTP Site • Legislator Lookup • Capitol Complex Phone Numbers • Rules & Regulations • Illinois Register • Administrative Rules • Senate • Members • Schedules • Committees • Request for Remote Testimony • Journals • Transcripts • Rules • Audio/Video • FOIA Information • Senate Employment Opportunities • Media Guidelines • House • Members • Schedules • Committees • Submit testimony for House Committees • Journals • Transcripts • Rules • Audio/Video • FOIA Information • House Employment Opportunities • Log In Mobile Top Bar Search the 104th General Assembly Enter keywords to search the Illinois General Assembly website. Full Text of HB5196 • Home • Legislation • Full Text HB5196 - 104th General Assembly • Bill Status • Full Text • Votes • Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Engrossed Enrolled House Amendment 001 House Amendment 002 Public Act Printer Friendly Version Introduced Engrossed Enrolled House Amendment 001 House Amendment 002 Public Act Open PDF HB5196 EnrolledLRB104 20278 RPS 33729 b 1 AN ACT concerning public employee benefits. 2 Be it enacted by the People of the State of Illinois, 3represented in the General Assembly: 4 Section 5. The General Obligation Bond Act is amended by 5changing Sections 2, 2.5, and 7.7 as follows: 6 (30 ILCS 330/2) (from Ch. 127, par. 652) 7 Sec. 2. Authorization for Bonds. The State of Illinois is 8authorized to issue, sell and provide for the retirement of 9General Obligation Bonds of the State of Illinois for the 10categories and specific purposes expressed in Sections 2 11through 8 of this Act, in the total amount of $83,664,839,969 12$82,664,839,969. 13 The bonds authorized in this Section 2 and in Section 16 of 14this Act are herein called "Bonds". 15 Of the total amount of Bonds authorized in this Act, up to 16$2,200,000,000 in aggregate original principal amount may be 17issued and sold in accordance with the Baccalaureate Savings 18Act in the form of General Obligation College Savings Bonds. 19 Of the total amount of Bonds authorized in this Act, up to 20$300,000,000 in aggregate original principal amount may be 21issued and sold in accordance with the Retirement Savings Act 22in the form of General Obligation Retirement Savings Bonds. 23 Of the total amount of Bonds authorized in this Act, the HB5196 Enrolled- 2 -LRB104 20278 RPS 33729 b 1additional $10,000,000,000 authorized by Public Act 93-2, the 2$3,466,000,000 authorized by Public Act 96-43, and the 3$4,096,348,300 authorized by Public Act 96-1497 shall be used 4solely as
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