Bill Status of SB 66   95th General Assembly

Short Description:  ILLINOIS FINANCE-LOANS-BONDS

Senate Sponsors
Sen. Susan Garrett

House Sponsors
(Rep. Dan Reitz and Kurt M. Granberg-Jim Sacia)


Last Action  View All Actions

DateChamber Action
  8/27/2007SenatePublic Act . . . . . . . . . 95-0470

Statutes Amended In Order of Appearance
20 ILCS 3501/801-25
20 ILCS 3501/801-40
20 ILCS 3501/801-50 new
20 ILCS 3501/825-65
20 ILCS 3501/825-75
20 ILCS 3501/825-80
20 ILCS 3501/825-85

Synopsis As Introduced
Amends the Illinois Finance Authority Act. Provides that all official acts of the Authority require the approval of a majority of the members then holding office (instead of 8 members). Provides that a majority of the members of the Authority holding office constitutes a quorum (instead of 8 members). Provides that the Authority may enter into agreements with respect to its bond payment obligations. Provides that any pledge of revenues or other moneys made by the Authority shall be binding from the time the pledge is made, and that revenues and other moneys pledged shall be held outside of the State treasury and shall be subject to certain liens. Provides that "clean coal and energy projects" includes new gasification facilities. Provides that moneys in the Fire Truck Revolving Loan Fund and the Ambulance Revolving Loan Fund may also be used to reimburse the Authority for reasonable expenses incurred in connection with administering the loan programs, including reimbursement for time spent by Authority staff. Makes other changes. Effective immediately.

Senate Committee Amendment No. 1
Deletes everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Provides that "clean coal and energy projects" includes new electric generating facilities or new gasification facilities (instead of "new facilities"). Provides that loans made from the Fire Truck Revolving Loan Fund and the Ambulance Revolving Loan Fund may include program fees or other costs related to the processing of the loan. Provides that the amount of those fees and costs shall be mutually agreed upon by the Authority and the State Fire Marshal. Deletes certain provisions of the introduced bill that allow the Authority to reimburse itself for certain costs and expenses associated with administering the fire truck revolving loan program and the ambulance revolving loan program.

Senate Committee Amendment No. 3
Deletes reference to:
20 ILCS 3501/801-25
20 ILCS 3501/825-80
20 ILCS 3501/825-85

Deletes everything after the enacting clause. Amends the Illinois Finance Authority Act. Provides that the Authority may enter into agreements with respect to its bond payment obligations. Provides that any pledge of revenues or other moneys by the Authority shall be binding from the time the pledge is made, and that any revenues and other moneys pledged shall be held outside of the State treasury and shall be subject to certain liens. Provides that "clean coal and energy projects" includes new electric generating facilities or new gasification facilities (instead of "new facilities"). Effective immediately.

Actions 
DateChamber Action
  1/31/2007SenateFiled with Secretary by Sen. Susan Garrett
  1/31/2007SenateFirst Reading
  1/31/2007SenateReferred to Rules
  2/7/2007SenateAssigned to State Government and Veterans Affairs
  2/22/2007SenatePostponed - State Government and Veterans Affairs
  3/6/2007SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Susan Garrett
  3/6/2007SenateSenate Committee Amendment No. 1 Referred to Rules
  3/7/2007SenateSenate Committee Amendment No. 1 Rules Refers to State Government and Veterans Affairs
  3/7/2007SenateSenate Committee Amendment No. 1 Adopted
  3/8/2007SenateHeld in State Government and Veterans Affairs
  3/12/2007SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Susan Garrett
  3/12/2007SenateSenate Committee Amendment No. 2 Referred to Rules
  3/14/2007SenateSenate Committee Amendment No. 3 Filed with Secretary by Sen. Susan Garrett
  3/14/2007SenateSenate Committee Amendment No. 3 Referred to Rules
  3/14/2007SenateSenate Committee Amendment No. 3 Rules Refers to State Government and Veterans Affairs
  3/14/2007SenateSenate Committee Amendment No. 3 Adopted
  3/15/2007SenateDo Pass as Amended State Government and Veterans Affairs; 006-001-002
  3/15/2007SenatePlaced on Calendar Order of 2nd Reading March 20, 2007
  3/20/2007SenateSecond Reading
  3/20/2007SenatePlaced on Calendar Order of 3rd Reading March 21, 2007
  3/22/2007SenateThird Reading - Passed; 045-008-000
  3/22/2007SenateSenate Committee Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
  3/22/2007HouseArrived in House
  3/22/2007HousePlaced on Calendar Order of First Reading
  3/22/2007HouseChief House Sponsor Rep. Dan Reitz
  3/22/2007HouseFirst Reading
  3/22/2007HouseReferred to Rules Committee
  4/18/2007HouseAdded Alternate Co-Sponsor Rep. Kurt M. Granberg
  4/30/2007HouseAssigned to Executive Committee
  5/18/2007HouseCommittee Deadline Extended-Rule 9(b) May 25, 2007
  5/25/2007HouseFinal Action Deadline Extended-9(b) May 31, 2007
  5/30/2007HouseDo Pass / Short Debate Executive Committee; 013-000-000
  5/30/2007HousePlaced on Calendar 2nd Reading - Short Debate
  5/30/2007HouseAdded Alternate Chief Co-Sponsor Rep. Jim Sacia
  5/30/2007HouseSecond Reading - Short Debate
  5/30/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/31/2007HouseThird Reading - Short Debate - Passed 115-000-000
  5/31/2007SenatePassed Both Houses
  6/29/2007SenateSent to the Governor
  8/27/2007SenateGovernor Approved
  8/27/2007SenateEffective Date August 27, 2007
  8/27/2007SenatePublic Act . . . . . . . . . 95-0470

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