Bill Status of SB 117   102nd General Assembly

Short Description:  TREASURER-INFRASTRUCTURE DEV

Senate Sponsors
Sen. Steve Stadelman, Doris Turner and Meg Loughran Cappel

House Sponsors
(Rep. Michael Halpin)


Last Action  View All Actions

DateChamber Action
  7/23/2021SenatePublic Act . . . . . . . . . 102-0141

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.935 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.

Senate Committee Amendment No. 1
Provides that the Infrastructure Development Fund is created as a non-appropriated trust fund (rather than a special fund) within the State Treasury.

Actions 
DateChamber Action
  2/3/2021SenateFiled with Secretary by Sen. Steve Stadelman
  2/3/2021SenateFirst Reading
  2/3/2021SenateReferred to Assignments
  2/9/2021SenateAssigned to State Government
  3/12/2021SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Steve Stadelman
  3/12/2021SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/16/2021SenateSenate Committee Amendment No. 1 Assignments Refers to State Government
  3/17/2021SenateSenate Committee Amendment No. 1 Postponed - State Government
  3/17/2021SenatePostponed - State Government
  3/18/2021SenateAdded as Co-Sponsor Sen. Doris Turner
  3/24/2021SenateSenate Committee Amendment No. 1 Adopted
  3/24/2021SenateDo Pass as Amended State Government; 009-000-000
  3/24/2021SenatePlaced on Calendar Order of 2nd Reading March 25, 2021
  4/13/2021SenateSecond Reading
  4/13/2021SenatePlaced on Calendar Order of 3rd Reading ** April 14, 2021
  4/20/2021SenateAdded as Co-Sponsor Sen. Meg Loughran Cappel
  4/21/2021SenateThird Reading - Passed; 056-000-000
  4/22/2021HouseArrived in House
  4/22/2021HouseChief House Sponsor Rep. Maurice A. West, II
  4/22/2021HouseAlternate Chief Sponsor Changed to Rep. Michael Halpin
  4/23/2021HouseFirst Reading
  4/23/2021HouseReferred to Rules Committee
  4/28/2021HouseAssigned to Revenue & Finance Committee
  5/13/2021HouseDo Pass / Consent Calendar Revenue & Finance Committee; 018-000-000
  5/13/2021HousePlaced on Calendar 2nd Reading - Consent Calendar
  5/24/2021HouseSecond Reading - Consent Calendar
  5/24/2021HouseHeld on Calendar Order of Second Reading - Consent Calendar
  5/25/2021HousePlaced on Calendar Order of 3rd Reading - Consent Calendar
  5/26/2021HouseThird Reading - Consent Calendar - First Day
  5/27/2021HouseThird Reading - Consent Calendar - Passed 116-000-000
  5/27/2021SenatePassed Both Houses
  6/25/2021SenateSent to the Governor
  7/23/2021SenateGovernor Approved
  7/23/2021SenateEffective Date July 23, 2021
  7/23/2021SenatePublic Act . . . . . . . . . 102-0141

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