By Karen Pierog and Dave McKinney (Reuters), includes “Illinois has never missed a bond payment, but the state for the first time is addressing that doomsday scenario in a document filed ahead of a scheduled $550 million bond sale this week. In the prospectus for its June 16 sale of $550 million of bonds, dated June 6, Illinois warned that if it were to miss a payment, bondholders’ ability to collect their money could be delayed by court proceedings or other actions out of the state’s control.”