Date	Chamber	Action
10/19/2007	Senate	Bill Dead - Amendatory Veto

Statutes Amended In Order of Appearance

20 ILCS 3501/801-5

20 ILCS 3501/801-10

20 ILCS 3501/801-50 new

Synopsis As Introduced
Amends the Illinois Finance Authority Act. Provides that the Act applies to certain projects located outside of the State, if the project involves property or facilities that are owned, operated, leased, or managed by an entity located within the State. Sets forth criteria for approving out-of-State projects. Effective immediately.

Senate Committee Amendment No. 1
Provides that the Authority shall not provide financing for any project, or portion of a project, located outside of the United States. Provides that the Authority shall not provide financing that constitutes an indebtedness of the State for any project, or portion of a project, located outside of the State.

Senate Floor Amendment No. 2
Makes technical corrections.

Governor Amendatory Veto Message
Proposes that the Illinois Finance Authority may approve an application to finance or refinance a project located outside of the State only if the Authority has the ability to issue at least another $1,000,000,000 of bonds after giving effect to the financing or refinancing or the out-of-state project. Proposes that the Authority shall not provide financing that uses State volume cap under Section 146 of the Internal Revenue Code of 1986 for a project located outside of the State.

Actions 

Date	Chamber	Action
2/9/2007	Senate	Filed with Secretary by Sen. James F. Clayborne, Jr.
2/9/2007	Senate	First Reading
2/9/2007	Senate	Referred to Rules
2/21/2007	Senate	Assigned to Commerce and Economic Development
3/2/2007	Senate	Postponed - Commerce and Economic Development
3/7/2007	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr.
3/7/2007	Senate	Senate Committee Amendment No. 1 Referred to Rules
3/8/2007	Senate	Postponed - Commerce and Economic Development
3/14/2007	Senate	Senate Committee Amendment No. 1 Rules Refers to Commerce and Economic Development
3/15/2007	Senate	Senate Committee Amendment No. 1 Adopted
3/15/2007	Senate	Do Pass as Amended Commerce and Economic Development; 010-000-000
3/15/2007	Senate	Placed on Calendar Order of 2nd Reading March 20, 2007
3/20/2007	Senate	Second Reading
3/20/2007	Senate	Placed on Calendar Order of 3rd Reading March 21, 2007
3/20/2007	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. James F. Clayborne, Jr.
3/20/2007	Senate	Senate Floor Amendment No. 2 Referred to Rules
3/21/2007	Senate	Senate Floor Amendment No. 2 Rules Refers to Commerce and Economic Development
3/22/2007	Senate	Senate Floor Amendment No. 2 Recommend Do Adopt Commerce and Economic Development; 007-000-000
3/30/2007	Senate	Rule 2-10 Third Reading Deadline Established As May 31, 2007
4/19/2007	Senate	Recalled to Second Reading
4/19/2007	Senate	Senate Floor Amendment No. 2 Adopted; Clayborne
4/19/2007	Senate	Placed on Calendar Order of 3rd Reading
4/19/2007	Senate	Third Reading - Passed; 054-000-000
4/19/2007	House	Arrived in House
4/19/2007	House	Placed on Calendar Order of First Reading
4/19/2007	House	Chief House Sponsor Rep. Thomas Holbrook
4/19/2007	House	First Reading
4/19/2007	House	Referred to Rules Committee
4/30/2007	House	Assigned to Executive Committee
5/18/2007	House	Committee Deadline Extended-Rule 9(b) May 25, 2007
5/25/2007	House	Final Action Deadline Extended-9(b) May 31, 2007
5/30/2007	House	Do Pass / Short Debate Executive Committee; 008-005-000
5/30/2007	House	Placed on Calendar 2nd Reading - Short Debate
5/30/2007	House	Second Reading - Short Debate
5/30/2007	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/31/2007	House	Third Reading - Short Debate - Passed 060-054-002
5/31/2007	Senate	Passed Both Houses
6/29/2007	Senate	Sent to the Governor
8/28/2007	Senate	Governor Amendatory Veto
10/2/2007	Senate	Placed on Calendar Amendatory Veto October 2, 2007
10/2/2007	Senate	Motion Filed Override Amendatory Veto Sen. James F. Clayborne, Jr.
10/2/2007	Senate	3/5 Vote Required
10/2/2007	Senate	Override Amendatory Veto - Senate Passed 052-000-001
10/4/2007	House	Placed on Calendar Amendatory Veto October 10, 2007
10/5/2007	House	Motion Filed Override Amendatory Veto Rep. Thomas Holbrook
10/19/2007	Senate	Bill Dead - Amendatory Veto

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