Bill Status of HB 3004   100th General Assembly

Short Description:  RTA-ISSUANCE OF BONDS

House Sponsors
Rep. Al Riley

Senate Sponsors
(Sen. Martin A. Sandoval)


Last Action  View All Actions

DateChamber Action
  10/27/2017HouseBill Dead - No Positive Action Taken - Amendatory Veto

Statutes Amended In Order of Appearance
70 ILCS 3615/4.04from Ch. 111 2/3, par. 704.04

Synopsis As Introduced
Amends the Regional Transportation Authority Act. Provides that the Authority may issue, sell, and deliver additional Working Cash Notes before July 1, 2020 (now July 1, 2018) that are over and above and in addition to the $100,000,000 authorization. Effective immediately.

House Committee Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes: Provides that the Regional Transportation Authority may establish lines of credit with a bank or other financial institution, secured by and payable from all tax receipts of the Authority and any or all other revenues or moneys of the Authority. Provides that the Authority shall authorize a line of credit by ordinance. Sets forth required and optional provisions of the ordinance. Provides that the Authority shall notify the Governor's Office of Management and Budget and State Comptroller before establishing a line of credit. Provides that money borrowed under a line of credit are general obligations of the Authority that are secured by the full faith and credit of the Authority. Effective immediately.

House Floor Amendment No. 2
Adds reference to:
70 ILCS 3605/12afrom Ch. 111 2/3, par. 312a

Replaces everything after the enacting clause. Reinserts the provisions of House Amendment No. 1 with the following changes: Amends the Metropolitan Transit Authority Act. Provides that in the case of a default Interim Financing Note issued by the Chicago Transit Authority with which State money in the Treasury was invested, authorizes the State Treasurer to certify, after notice, to the Comptroller the amounts of the defaulted Interim Financing Note and for the Comptroller to deduct and remit to the Treasury the certified amounts or a portion of those amounts in specified proportions in the 3 years following default. Further amends the Regional Transportation Authority Act to make similar changes concerning defaulted Working Cash Notes. Effective immediately.

Governor Amendatory Veto Message
Recommends removing the following provision added to the Metropolitan Transit Authority Act: that, in the case of a default on an Interim Financing Note issued by the Chicago Transit Authority with which State money in the Treasury was invested, the State Treasurer may certify to the Comptroller the amounts of the defaulted Interim Financing Note and the Comptroller must deduct and remit to the Treasury the certified amounts or a portion of those amounts from specified proportions of payments of State funds to the Authority. Recommends removing the following provision added to the Regional Transportation Authority Act: that, in the case of a default on a Working Cash Note issued by the Regional Transportation Authority with which State money in the Treasury was invested, the Treasurer may certify to the Comptroller the amounts of the defaulted Working Cash Note and the Comptroller must deduct and remit to the Treasury the certified amounts or a portion of those amounts from specified proportions of payments of State funds to the Authority. Recommends providing that the Regional Transportation Authority may establish a line of credit with a bank or other financial institution as may be evidenced by the issuance of notes or other obligations in an amount not to exceed certain limitations under the Act (rather than the issuance of notes or other obligations, secured by and payable from all tax receipts of the Authority and any or all other revenues or moneys of the Authority, in an amount not to exceed certain limitations under the Act).

Actions 
DateChamber Action
  2/9/2017HouseFiled with the Clerk by Rep. Al Riley
  2/9/2017HouseFirst Reading
  2/9/2017HouseReferred to Rules Committee
  2/22/2017HouseAssigned to Mass Transit Committee
  3/21/2017HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Al Riley
  3/21/2017HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/22/2017HouseHouse Committee Amendment No. 1 Rules Refers to Mass Transit Committee
  3/22/2017HouseHouse Committee Amendment No. 1 Adopted in Mass Transit Committee; by Voice Vote
  3/22/2017HouseDo Pass as Amended / Short Debate Mass Transit Committee; 009-001-000
  3/23/2017HousePlaced on Calendar 2nd Reading - Short Debate
  3/28/2017HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Al Riley
  3/28/2017HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  3/29/2017HouseHouse Floor Amendment No. 2 Rules Refers to Mass Transit Committee
  4/4/2017HouseSecond Reading - Short Debate
  4/4/2017HouseHeld on Calendar Order of Second Reading - Short Debate
  4/6/2017HouseHouse Floor Amendment No. 2 Recommends Be Adopted Mass Transit Committee; 007-005-000
  4/26/2017HouseHouse Floor Amendment No. 2 Adopted
  4/26/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/27/2017HouseRemoved from Short Debate Status
  4/27/2017HousePlaced on Calendar Order of 3rd Reading - Standard Debate
  4/27/2017HouseThird Reading - Standard Debate - Passed 060-056-000
  5/2/2017SenateArrive in Senate
  5/2/2017SenatePlaced on Calendar Order of First Reading
  5/2/2017SenateChief Senate Sponsor Sen. Martin A. Sandoval
  5/2/2017SenateFirst Reading
  5/2/2017SenateReferred to Assignments
  5/4/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Karen McConnaughay
  5/5/2017SenateAssigned to Transportation
  5/12/2017SenateRule 2-10 Committee Deadline Established As May 19, 2017
  5/18/2017SenatePostponed - Transportation
  5/18/2017SenateSponsor Removed Sen. Karen McConnaughay
  5/19/2017SenateRule 2-10 Committee Deadline Established As May 26, 2017
  5/24/2017SenateDo Pass Transportation; 011-004-000
  5/24/2017SenatePlaced on Calendar Order of 2nd Reading May 25, 2017
  5/29/2017SenateSecond Reading
  5/29/2017SenatePlaced on Calendar Order of 3rd Reading May 30, 2017
  5/30/2017SenateThird Reading - Passed; 039-011-000
  5/30/2017HousePassed Both Houses
  6/28/2017HouseSent to the Governor
  8/25/2017HouseGovernor Amendatory Veto
  10/12/2017HousePlaced on Calendar Amendatory Veto
  10/12/2017HouseAmendatory Veto Motion - Motion Filed Accept Amendatory Veto Rep. Al Riley
  10/12/2017HouseAmendatory Veto Motion - Motion Referred to Rules Committee
  10/27/2017HouseBill Dead - No Positive Action Taken - Amendatory Veto

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