Illinois 97th Regular Session Status: Passed Senate 1 R cosponsors

SB 3183 — COUNTIES CD-BORROWING MONEY

Last action — Session Sine Die

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 97th Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Counties Code. Provides that the county board of a county may borrow money for county purposes from one fund for the use of another fund, as long as it is repaid within the current fiscal year. Provides that the county board of a county may borrow money from any bank or financial institution, provided that the money shall be repaid within 10 years from the time the money is borrowed. Sets forth requirements concerning the documentation of the loan. Prohibits the indebtedness incurred, when aggregated with the existing indebtedness of the county, from exceeding the debt limitation otherwise provided for by law. Defines "financial institution". Effective immediately.

Bill Text

What changed in the latest version

33 added · 54 removed

Plain-language change summary

The amended version of Bill SB 3183 allows county boards to borrow money from financial institutions, but shortens the repayment period from 10 years to 2 years. Additionally, it specifies that the borrowed funds must be documented through a promissory note rather than a bond. This change is significant because it encourages quicker financial accountability for counties and limits long-term debt, ensuring that local governments manage their finances responsibly.

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*LRB09719643KMW64897b* SB3183 97TH GENERAL ASSEMBLY State of Illinois and 2012 SB3183 Introduced 2/1/2012, by Sen.
SB3183 Engrossed LRB097 19643 KMW 64897 b AN ACT concerning local government.
Dave Syverson SYNOPSIS AS INTRODUCED:
ILCS 5/5-1134 new Amends the Counties Code.
Provides that the county board of a county may borrow money for county purposes from one fund for the use of another fund, as long as it is repaid within the current fiscal year.
Provides that the county board of a county may borrow money from any bank or financial institution, provided that the money shall be repaid within 10 years from the time the money is borrowed.
Sets forth requirements concerning the documentation of the loan.
Prohibits the indebtedness incurred, when aggregated with the existing indebtedness of the county, from exceeding the debt limitation otherwise provided for by law.
Defines "financial institution".
Effective immediately.
LRB097 19643 KMW 64897 b FISCAL NOTE ACT MAY APPLY A BILL FOR SB3183 LRB097 19643 KMW 64897 b AN ACT concerning local government.
The county board of a county may borrow money for county purposes from one fund for the use of another fund providing such borrowing shall be repaid within the current fiscal year.
The county board of a county may borrow money from any bank or other financial institution provided such money shall be repaid within 2 years from the time the money is borrowed.
The county board of a county may also borrow money from any bank or other financial institution provided such money shall be repaid within 10 years from the time the money is borrowed.
The promissory note or other debt instrument shall be authorized by an ordinance passed by the county board and shall be valid whether SB3183 - 2 - LRB097 19643 KMW 64897 b or not an appropriation with respect to that ordinance is included in any annual or supplemental appropriation adopted by the county board.
The promissory note or other debt instrument shall be authorized by an ordinance passed by the county board and shall be valid whether or not an appropriation with respect to that ordinance is included in any annual or supplemental appropriation adopted by the county board.
The indebtedness incurred under this Section, when aggregated with the existing indebtedness of the county, may not exceed any debt limitation otherwise provided for by law.
The indebtedness incurred under this Section, SB3183 Engrossed - 2 - LRB097 19643 KMW 64897 b when aggregated with the existing indebtedness of the county, may not exceed any debt limitation otherwise provided for by law.
"Financial institution" means any bank subject to the "Illinois Banking Act", any savings and loan association subject to the "Illinois Savings and Loan Act of 1985", and any federally chartered commercial bank or savings and loan association organized and operated in this State pursuant to the laws of the United States.
This Section shall not be construed to grant any additional authority to a county to borrow money or to remove any referendum approval required of a county to borrow money.
"Financial institution" means any bank subject to the Illinois Banking Act, any savings and loan association subject to the Illinois Savings and Loan Act of 1985, any savings bank subject to the Savings Bank Act, any credit union subject to the Illinois Credit Union Act, and any federally chartered commercial bank, savings and loan association, savings bank, or credit union organized and operated in this State pursuant to the laws of the United States.
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Action History

  1. Session Sine Die

  2. House Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee

  3. House Committee Amendment No. 2 Referred to Rules Committee

  4. House Committee Amendment No. 2 Filed with Clerk by Rep. Michael J. Madigan

  5. House Committee Amendment No. 1 Referred to Rules Committee

  6. House Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Madigan

  7. Assigned to Revenue & Finance Committee

  8. Final Action Deadline Extended-9(b) January 8, 2013

  9. Added Alternate Chief Co-Sponsor Rep. Charles E. Jefferson

  10. Alternate Chief Sponsor Changed to Rep. Michael J. Madigan

  11. Alternate Chief Sponsor Changed to Rep. Charles E. Jefferson

  12. Added as Co-Sponsor Sen. Christine J. Johnson

  13. Referred to Rules Committee

  14. First Reading

  15. Placed on Calendar Order of First Reading

  16. Chief House Sponsor Rep. Dave Winters

  17. Arrived in House

  18. Third Reading - Passed; 052-000-000

  19. Placed on Calendar Order of 3rd Reading

  20. Senate Floor Amendment No. 3 Adopted; Syverson

  21. Recalled to Second Reading

  22. Senate Floor Amendment No. 3 Recommend Do Adopt Local Government; 007-000-000

  23. Placed on Calendar Order of 3rd Reading March 28, 2012

  24. Senate Floor Amendment No. 2 Adopted; Syverson

  25. Senate Floor Amendment No. 1 Adopted; Syverson

  26. Second Reading

  27. Senate Floor Amendment No. 3 Assignments Refers to Local Government

  28. Senate Floor Amendment No. 2 Recommend Do Adopt Local Government; 006-000-000

  29. Senate Floor Amendment No. 1 Recommend Do Adopt Local Government; 006-000-000

  30. Senate Floor Amendment No. 3 Referred to Assignments

  31. Senate Floor Amendment No. 3 Filed with Secretary by Sen. Dave Syverson

  32. Senate Floor Amendment No. 2 Assignments Refers to Local Government

  33. Senate Floor Amendment No. 1 Assignments Refers to Local Government

  34. Senate Floor Amendment No. 2 Referred to Assignments

  35. Senate Floor Amendment No. 2 Filed with Secretary by Sen. Dave Syverson

  36. Senate Floor Amendment No. 1 Referred to Assignments

  37. Senate Floor Amendment No. 1 Filed with Secretary by Sen. Dave Syverson

  38. Placed on Calendar Order of 2nd Reading March 1, 2012

  39. Do Pass Local Government; 006-000-000

  40. Assigned to Local Government

  41. Referred to Assignments

  42. First Reading

  43. Filed with Secretary by Sen. Dave Syverson

Sponsors

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

Passed 52 Yea · 0 Nay · 7 Other
Party YeaNayPresentNot Voting
Unaffiliated 40006
Democrat 9001
Republican 3000
Total 52007
% of votes cast 88%0%0%12%
How each member voted (59)
Member Party Vote
Meeks — Not Voting
Millner — Not Voting
Forby — Not Voting
Link — Yea
Luechtefeld — Yea
Maloney — Yea
McCann — Yea
McCarter — Yea
Mulroe — Yea
Muñoz — Yea
Noland — Yea
Raoul — Yea
Schoenberg — Yea
Silverstein — Yea
Brady — Yea
Steans — Yea
Jacobs — Yea
Johnson, C. — Yea
McGuire — Yea
Johnson, T. — Yea
Trotter — Yea
Jones, J. — Yea
Sullivan — Yea
Cullerton — Yea
Clayborne — Yea
Crotty — Yea
Cultra — Yea
Dillard — Yea
Duffy — Yea
Frerichs — Yea
Garrett — Yea
Haine — Yea
Hutchinson — Yea
Kotowski — Not Voting
Pankau — Yea
Radogno — Not Voting
Righter — Yea
Sandack — Yea
Sandoval — Yea
LaHood — Yea
Landek — Not Voting
Lauzen — Yea
Althoff — Yea
Martinez — Yea
Bivins — Yea
Bomke — Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Eva-Dina Delgado Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Lakesia Collins Democrat Not Voting
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Yea
Kevin Schmidt Republican Yea
Sue Rezin Republican Yea

Official roll call →

Subjects

finance
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Frequently asked questions

What does SB 3183 do?
Amends the Counties Code. Provides that the county board of a county may borrow money for county purposes from one fund for the use of another fund, as long as it is repaid within the current fiscal year. Provides that the county board of a county may borrow money from any bank or financial institution, provided that the money shall be repaid within 10 years from the time the money is borrowed. Sets forth requirements concerning the documentation of the loan. Prohibits the indebtedness incurred, when aggregated with the existing indebtedness of the county, from exceeding the debt limitation otherwise provided for by law. Defines "financial institution". Effective immediately.
Who sponsors SB 3183?
SB 3183 is sponsored by Dave Syverson (Republican).
What is the current status of SB 3183?
This bill died with 97th Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 3183?
Track SB 3183 free on One Click Politics — get push/email alerts when it moves.

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