Illinois General Assembly - Bill Status for SB1327
Illinois General Assembly
  Home     Legislation & Laws     Senate     House     My Legislation     Site Map    

Previous General Assemblies

 Bill Status of SB1327  95th General Assembly

Short Description:  FINANCE AUTHORITY-BOND LIMITS

Senate Sponsors
Sen. Jeffrey M. Schoenberg

House Sponsors
(Rep. Gary Hannig - Carolyn H. Krause - Jim Watson - Jim Sacia)

Last Action
DateChamber Action
  11/6/2007SenatePublic Act . . . . . . . . . 95-0697

Statutes Amended In Order of Appearance
20 ILCS 3501/845-5


Synopsis As Introduced
Amends the Illinois Finance Authority Act. Increases the limit on the aggregate principal amount of bonds that may be outstanding at any one time from $25,200,000,000 to $30,000,000,000. Effective immediately.

Senate Committee Amendment No. 1
Increases the limit on the aggregate principal amount of the bonds of the Illinois Finance Authority that may be outstanding at any one time from $25,200,000,000 to $28,017,711,000 (instead of to $30,000,000,000).

 Fiscal Note (Illinois Finance Authority)
 SB 1327 does not increase the authorization of the Authority to issue State-supported or State-guaranteed bonds or other forms of indebtedness, therefore, SB 1327 does not impact the expenditure of State funds or increase or decrease revenues of the State.

House Committee Amendment No. 1
Adds reference to:
20 ILCS 3501/801-10
20 ILCS 3501/825-12
20 ILCS 3501/830-50

Replaces everything after the enacting clause. Amends the Illinois Finance Authority Act. Increases the limit on the aggregate principal amount of bonds that may be outstanding at any one time from $25,200,000,000 to $26,650,000,000 (instead of to $30,000,000,000). Provides that specialized livestock operations include livestock operations using anaerobic digestors to generate electricity for the purposes of a Section providing certain financing benefits to livestock operations. In a Section concerning definitions, includes a conservation project within the definition of "project" and defines "conservation project". Authorizes the Illinois Finance Authority to develop a program to provide low-interest loans and other financing to individuals, business entities, private organizations, and units of local government for conservation projects in the State of Illinois. Sets forth requirements for the program. Effective immediately.

Actions 
DateChamber Action
  2/9/2007SenateFiled with Secretary by Sen. Jeffrey M. Schoenberg
  2/9/2007SenateFirst Reading
  2/9/2007SenateReferred to Rules
  3/7/2007SenateAssigned to Executive
  3/8/2007SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Jeffrey M. Schoenberg
  3/8/2007SenateSenate Committee Amendment No. 1 Referred to Rules
  3/14/2007SenateSenate Committee Amendment No. 1 Rules Refers to Executive
  3/14/2007SenateSenate Committee Amendment No. 1 Adopted
  3/15/2007SenateDo Pass as Amended Executive; 012-000-000
  3/15/2007SenatePlaced on Calendar Order of 2nd Reading March 20, 2007
  3/20/2007SenateFiscal Note Requested by Sen. Dale A. Righter
  3/21/2007SenateFiscal Note Filed as amended by Senate Amendment No. 1, from the Illinois Finance Authority.
  3/29/2007SenateSecond Reading
  3/29/2007SenatePlaced on Calendar Order of 3rd Reading March 30, 2007
  3/30/2007SenateRule 2-10 Third Reading Deadline Established As May 31, 2007
  4/19/2007SenateThird Reading - Passed; 038-014-000
  4/20/2007HouseArrived in House
  4/20/2007HousePlaced on Calendar Order of First Reading
  4/20/2007HouseChief House Sponsor Rep. Gary Hannig
  4/20/2007HouseFirst Reading
  4/20/2007HouseReferred to Rules Committee
  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
  5/30/2007HouseHouse Committee Amendment No. 1 Filed with Clerk by Executive Committee
  5/30/2007HouseHouse Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
  5/30/2007HouseDo Pass as Amended / Short Debate Executive Committee; 013-000-000
  5/30/2007HousePlaced on Calendar 2nd Reading - Short Debate
  5/30/2007HouseSecond Reading - Short Debate
  5/30/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/31/2007HouseThird Reading - Short Debate - Passed 080-036-000
  5/31/2007HouseAdded Alternate Chief Co-Sponsor Rep. Carolyn H. Krause
  5/31/2007HouseAdded Alternate Chief Co-Sponsor Rep. Jim Watson
  5/31/2007HouseAdded Alternate Chief Co-Sponsor Rep. Jim Sacia
  5/31/2007SenateSecretary's Desk - Concurrence House Amendment(s) 01
  5/31/2007SenatePlaced on Calendar Order of Concurrence House Amendment(s) 01 - June 1, 2007
  5/31/2007SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Jeffrey M. Schoenberg
  5/31/2007SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Rules
  6/5/2007SenateHouse Committee Amendment No. 1 Motion to Concur Rules Referred to Executive
  6/6/2007SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 007-003-000
  8/9/2007SenateHouse Committee Amendment No. 1 3/5 Vote Required
  8/9/2007SenateVerified
  8/9/2007SenateHouse Committee Amendment No. 1 Senate Concurs 036-021-001
  8/9/2007SenatePassed Both Houses
  9/7/2007SenateSent to the Governor
  11/6/2007SenateGovernor Approved
  11/6/2007SenateEffective Date November 6, 2007
  11/6/2007SenatePublic Act . . . . . . . . . 95-0697

Back To Top

Home | Legislation & Laws | House | Senate | My Legislation | Disclaimers | Email

  Legislative Information System logo This site is maintained for the Illinois General Assembly by the
Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706
Contact ILGA Webmaster