Illinois General Assembly - Bill Status for HB1953
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 Bill Status of HB1953  102nd General Assembly


Short Description:  TREASURER-INFRASTRUCTURE DEV

House Sponsors
Rep. Michael Halpin - Stephanie A. Kifowit - Mike Murphy - Katie Stuart - Mary E. Flowers, Marcus C. Evans, Jr., Elizabeth Hernandez, Debbie Meyers-Martin, LaToya Greenwood, Dave Vella, Nicholas K. Smith, Justin Slaughter and Sue Scherer

Senate Sponsors
(Sen. Steve Stadelman)

Last Action
DateChamber Action
  6/15/2021SenateRule 3-9(a) / Re-referred to Assignments

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.

House Floor Amendment No. 2
Provides that the Infrastructure Development Fund is created as a non-appropriated trust fund (rather than a special fund) within the State Treasury.

Senate Committee Amendment No. 1
Deletes reference to:
New Act
30 ILCS 105/5.935 new
Adds reference to:
5 ILCS 70/1from Ch. 1, par. 1001

Replaces everything after the enacting clause. Amends the Statute on Statutes. Makes a technical change in a Section regarding the application of the Act.

Actions 
DateChamber Action
  2/16/2021HouseFiled with the Clerk by Rep. Michael Halpin
  2/17/2021HouseFirst Reading
  2/17/2021HouseReferred to Rules Committee
  3/9/2021HouseAssigned to State Government Administration Committee
  3/16/2021HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Michael Halpin
  3/16/2021HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/17/2021HouseDo Pass / Short Debate State Government Administration Committee; 008-000-000
  3/18/2021HousePlaced on Calendar 2nd Reading - Short Debate
  3/18/2021HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  3/22/2021HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Michael Halpin
  3/22/2021HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  4/6/2021HouseHouse Floor Amendment No. 2 Rules Refers to State Government Administration Committee
  4/15/2021HouseHouse Floor Amendment No. 2 Recommends Be Adopted State Government Administration Committee; 008-000-000
  4/21/2021HouseAdded Chief Co-Sponsor Rep. Stephanie A. Kifowit
  4/21/2021HouseAdded Chief Co-Sponsor Rep. Mike Murphy
  4/21/2021HouseAdded Chief Co-Sponsor Rep. Katie Stuart
  4/21/2021HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr.
  4/21/2021HouseSecond Reading - Short Debate
  4/21/2021HouseHeld on Calendar Order of Second Reading - Short Debate
  4/22/2021HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
  4/22/2021HouseAdded Co-Sponsor Rep. Debbie Meyers-Martin
  4/22/2021HouseAdded Co-Sponsor Rep. LaToya Greenwood
  4/22/2021HouseAdded Co-Sponsor Rep. Dave Vella
  4/22/2021HouseAdded Co-Sponsor Rep. Nicholas K. Smith
  4/22/2021HouseAdded Co-Sponsor Rep. Justin Slaughter
  4/22/2021HouseAdded Chief Co-Sponsor Rep. Mary E. Flowers
  4/22/2021HouseHouse Floor Amendment No. 2 Adopted
  4/22/2021HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/22/2021HouseThird Reading - Short Debate - Passed 113-000-000
  4/22/2021HouseAdded Co-Sponsor Rep. Sue Scherer
  4/23/2021SenateArrive in Senate
  4/23/2021SenatePlaced on Calendar Order of First Reading
  4/23/2021SenateChief Senate Sponsor Sen. Steve Stadelman
  4/23/2021SenateFirst Reading
  4/23/2021SenateReferred to Assignments
  5/18/2021SenateAssigned to Executive
  5/21/2021SenateRule 2-10 Committee Deadline Established As May 29, 2021
  5/25/2021SenateWaive Posting Notice
  5/26/2021SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
  5/26/2021SenateSenate Committee Amendment No. 1 Referred to Assignments
  5/26/2021SenateSenate Committee Amendment No. 1 Assignments Refers to Executive
  5/27/2021SenateSenate Committee Amendment No. 1 Adopted
  5/27/2021SenateDo Pass as Amended Executive; 009-005-000
  5/27/2021SenatePlaced on Calendar Order of 2nd Reading
  5/27/2021SenateSecond Reading
  5/27/2021SenatePlaced on Calendar Order of 3rd Reading May 28, 2021
  5/31/2021SenateRule 2-10 Third Reading Deadline Established As June 15, 2021
  6/15/2021SenateRule 3-9(a) / Re-referred to Assignments

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