Bill Status of SB 3028   101st General Assembly

Short Description:  TREASURER-INFRASTRUCTURE DEV

Senate Sponsors
Sen. Steve Stadelman, Napoleon Harris, III-Iris Y. Martinez-Linda Holmes and David Koehler-Kimberly A. Lightford

House Sponsors
(Rep. Michael Halpin)


Last Action  View All Actions

DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.930 new

Synopsis As Introduced
Creates the Infrastructure Development Act. Provides that the State Treasurer shall segregate a portion of the Treasurer's State investment portfolio in the Infrastructure Development Account, an account that shall be maintained separately and apart from other moneys invested by the State Treasurer. Allows the State Treasurer to make investments concerning the Infrastructure Development Account. Provides for Infrastructure Development Account-Recipient Funds created by Illinois infrastructure development firms in which the State Treasurer places money. Provides further requirements concerning Infrastructure Development Account-Recipient Funds. Provides for the adoption rules. Provides that the Infrastructure Development Fund is created as a special fund in the State treasury, which may receive a portion of earnings from the Infrastructure Development Account and may be used by the State Treasurer to pay expenses related to the Act. Defines terms. Amends the State Finance Act to provide for the Infrastructure Development Fund. Effective immediately.

Actions 
DateChamber Action
  2/5/2020SenateFiled with Secretary by Sen. Steve Stadelman
  2/5/2020SenateFirst Reading
  2/5/2020SenateReferred to Assignments
  2/11/2020SenateAssigned to Commerce and Economic Development
  2/19/2020SenateAdded as Co-Sponsor Sen. Napoleon Harris, III
  2/20/2020SenateDo Pass Commerce and Economic Development; 010-000-000
  2/20/2020SenatePlaced on Calendar Order of 2nd Reading February 25, 2020
  2/20/2020SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez
  2/20/2020SenateAdded as Chief Co-Sponsor Sen. Linda Holmes
  2/27/2020SenateSecond Reading
  2/27/2020SenatePlaced on Calendar Order of 3rd Reading March 3, 2020
  3/4/2020SenateAdded as Co-Sponsor Sen. David Koehler
  3/4/2020SenateThird Reading - Passed; 055-000-000
  3/4/2020HouseArrived in House
  3/4/2020HouseChief House Sponsor Rep. Maurice A. West, II
  3/4/2020HouseFirst Reading
  3/4/2020HouseReferred to Rules Committee
  3/4/2020SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
  3/5/2020HouseAlternate Chief Sponsor Changed to Rep. Michael Halpin
  1/13/2021SenateSession Sine Die

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