Illinois 100th Regular Session Status: Passed Senate

SB 4 — GO RESTRUCTURING BONDS

Last action — Session Sine Die

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

This bill died with 100th 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 General Obligation Bond Act. Authorizes the issuance of an additional $7,000,000,000 in State General Obligation Restructuring Bonds. Provides that the proceeds from that bond sale shall be used for the purpose of paying vouchers incurred by the State prior to July 1, 2017. Effective immediately, but this Act does not take effect at all unless Senate Bills 1, 2, 3, 5, 6, 7, 8, 9, 10, 11, 12, and 13 of the 100th General Assembly become law.

Bill Text

What changed in the latest version

25 added · 52 removed

Plain-language change summary

The updated version of SB 4 includes provisions that allow the state to issue an additional $7 billion in General Obligation Restructuring Bonds. This funding is intended to support state projects, but the bill will only take effect if a related series of other bills also become law. This change matters because it could significantly increase the state’s financial resources for projects, potentially boosting the economy, but also raises implications regarding state debt levels and fiscal responsibility.

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*LRB10006348HLH16386b* SB0004 100TH GENERAL ASSEMBLY State of Illinois and 2018 SB0004 Introduced 1/11/2017, by Sen.
SB0004 Engrossed LRB100 06348 HLH 16386 b AN ACT concerning finance.
Donne E.
Trotter SYNOPSIS AS INTRODUCED:
ILCS 330/2 from Ch.
127, par.
652 ILCS 330/2.5 ILCS 330/7.6 new ILCS 330/9 from Ch.
127, par.
659 ILCS 330/11 from Ch.
127, par.
661 ILCS 330/12 from Ch.
127, par.
662 ILCS 330/13 from Ch.
127, par.
663 Amends the General Obligation Bond Act.
Authorizes the issuance of an additional $7,000,000,000 in State General Obligation Restructuring Bonds.
Provides that the proceeds from that bond sale shall be used for the Effective immediately, but this Act does not take effect at all unless.
Senate Bills 1, 2, 3, 5, 6, 7, 8, 9, 10, 11, 12, and 13 of the 100th General Assembly become law.
LRB100 06348 HLH 16386 b FISCAL NOTE ACT MAY APPLY A BILL FOR SB0004 LRB100 06348 HLH 16386 b AN ACT concerning finance.
Of the total amount of Bonds authorized in this Act, up to $2,200,000,000 in aggregate original principal amount may be issued and sold in accordance with the Baccalaureate Savings SB0004 - 2 - LRB100 06348 HLH 16386 b Act in the form of General Obligation College Savings Bonds.
Of the total amount of Bonds authorized in this Act, up to $2,200,000,000 in aggregate original principal amount may be issued and sold in accordance with the Baccalaureate Savings SB0004 Engrossed - 2 - LRB100 06348 HLH 16386 b Act in the form of General Obligation College Savings Bonds.
7-22-14.) SB0004 - 3 - LRB100 06348 HLH 16386 b (30 ILCS 330/2.5) Sec.
7-22-14.) SB0004 Engrossed - 3 - LRB100 06348 HLH 16386 b (30 ILCS 330/2.5) Sec.
6-30-16.) (30 ILCS 330/7.6 new) SB0004 - 4 - LRB100 06348 HLH 16386 b Sec.
6-30-16.) (30 ILCS 330/7.6 new) SB0004 Engrossed - 4 - LRB100 06348 HLH 16386 b Sec.
SB0004 - 5 - LRB100 06348 HLH 16386 b (a) Except as otherwise provided in this subsection and subsection (h), Bonds shall be issued and sold from time to time, in one or more series, in such amounts and at such prices as may be directed by the Governor, upon recommendation by the Director of the Governor's Office of Management and Budget.
SB0004 Engrossed - 5 - LRB100 06348 HLH 16386 b (a) Except as otherwise provided in this subsection and subsection (h), Bonds shall be issued and sold from time to time, in one or more series, in such amounts and at such prices as may be directed by the Governor, upon recommendation by the Director of the Governor's Office of Management and Budget.
Bonds, other than Bonds issued under Section 3 of this Act for the costs associated with the purchase and implementation of information technology, (i) except for refunding Bonds satisfying the requirements of Section 16 of SB0004 - 6 - LRB100 06348 HLH 16386 b this Act and sold during fiscal year 2009, 2010, 2011, or 2017 must be issued with principal or mandatory redemption amounts in equal amounts, with the first maturity issued occurring within the fiscal year in which the Bonds are issued or within the next succeeding fiscal year and (ii) must mature or be subject to mandatory redemption each fiscal year thereafter up to 25 years, except for refunding Bonds satisfying the requirements of Section 16 of this Act and sold during fiscal year 2009, 2010, or 2011 which must mature or be subject to mandatory redemption each fiscal year thereafter up to 16 years.
Bonds, other than Bonds issued under Section 3 of this Act for the costs associated with the purchase and implementation of information technology, (i) except for refunding Bonds satisfying the requirements of Section 16 of SB0004 Engrossed - 6 - LRB100 06348 HLH 16386 b this Act and sold during fiscal year 2009, 2010, 2011, or 2017 must be issued with principal or mandatory redemption amounts in equal amounts, with the first maturity issued occurring within the fiscal year in which the Bonds are issued or within the next succeeding fiscal year and (ii) must mature or be subject to mandatory redemption each fiscal year thereafter up to 25 years, except for refunding Bonds satisfying the requirements of Section 16 of this Act and sold during fiscal year 2009, 2010, or 2011 which must mature or be subject to mandatory redemption each fiscal year thereafter up to 16 years.
Notwithstanding any provision of this Act to the contrary, the Bonds authorized by Public Act 96-1497 shall be payable SB0004 - 7 - LRB100 06348 HLH 16386 b within 8 years from their date and shall be issued with payment of maturing principal or scheduled mandatory redemptions in accordance with the following schedule, except the following amounts shall be prorated if less than the total additional amount of Bonds authorized by Public Act 96-1497 are issued:
Notwithstanding any provision of this Act to the contrary, the Bonds authorized by Public Act 96-1497 shall be payable SB0004 Engrossed - 7 - LRB100 06348 HLH 16386 b within 8 years from their date and shall be issued with payment of maturing principal or scheduled mandatory redemptions in accordance with the following schedule, except the following amounts shall be prorated if less than the total additional amount of Bonds authorized by Public Act 96-1497 are issued:
In the case of any series of Bonds bearing interest at a variable interest rate ("Variable Rate Bonds"), in lieu of determining the rate or rates at which such series of Variable Rate Bonds shall bear interest and the price or prices at which such Variable Rate Bonds shall be initially sold or remarketed (in the event of purchase and subsequent resale), the Bond Sale Order may provide that such interest rates and prices may vary from time to time depending on criteria established in such Bond Sale Order, which criteria may include, without limitation, references to indices or variations in interest SB0004 - 8 - LRB100 06348 HLH 16386 b rates as may, in the judgment of a remarketing agent, be necessary to cause Variable Rate Bonds of such series to be remarketable from time to time at a price equal to their principal amount, and may provide for appointment of a bank, trust company, investment bank, or other financial institution to serve as remarketing agent in that connection.
In the case of any series of Bonds bearing interest at a variable interest rate ("Variable Rate Bonds"), in lieu of determining the rate or rates at which such series of Variable Rate Bonds shall bear interest and the price or prices at which such Variable Rate Bonds shall be initially sold or remarketed (in the event of purchase and subsequent resale), the Bond Sale Order may provide that such interest rates and prices may vary from time to time depending on criteria established in such Bond Sale Order, which criteria may include, without limitation, references to indices or variations in interest SB0004 Engrossed - 8 - LRB100 06348 HLH 16386 b rates as may, in the judgment of a remarketing agent, be necessary to cause Variable Rate Bonds of such series to be remarketable from time to time at a price equal to their principal amount, and may provide for appointment of a bank, trust company, investment bank, or other financial institution to serve as remarketing agent in that connection.
(b) In connection with the issuance of any series of Bonds, the State may enter into arrangements to provide additional security and liquidity for such Bonds, including, without limitation, bond or interest rate insurance or letters of credit, lines of credit, bond purchase contracts, or other arrangements whereby funds are made available to retire or purchase Bonds, thereby assuring the ability of owners of the SB0004 - 9 - LRB100 06348 HLH 16386 b Bonds to sell or redeem their Bonds.
(b) In connection with the issuance of any series of Bonds, the State may enter into arrangements to provide additional security and liquidity for such Bonds, including, without limitation, bond or interest rate insurance or letters of credit, lines of credit, bond purchase contracts, or other arrangements whereby funds are made available to retire or purchase Bonds, thereby assuring the ability of owners of the SB0004 Engrossed - 9 - LRB100 06348 HLH 16386 b Bonds to sell or redeem their Bonds.
The Director of the Governor's Office of Management and Budget shall at least annually certify to the Governor and the State Comptroller his or her estimate of the amounts of such net payments to be included in the calculation of interest required SB0004 - 10 - LRB100 06348 HLH 16386 b to be paid by the State.
The Director of the Governor's Office of Management and Budget shall at least annually certify to the Governor and the State Comptroller his or her estimate of the amounts of such net payments to be included in the calculation of interest required SB0004 Engrossed - 10 - LRB100 06348 HLH 16386 b to be paid by the State.
Qualified School Construction Bonds shall be in such form (either coupon, registered or book entry), in such denominations, payable within 25 years from SB0004 - 11 - LRB100 06348 HLH 16386 b their date, subject to such terms of redemption with or without premium, and if the Qualified School Construction Bonds are issued with a supplemental coupon, bear interest payable at such times and at such fixed or variable rate or rates, and be dated as shall be fixed and determined by the Director of the Governor's Office of Management and Budget in the order authorizing the issuance and sale of any series of Qualified School Construction Bonds, which order shall be approved by the Governor and is herein called a "Bond Sale Order";
Qualified School Construction Bonds shall be in such form (either coupon, registered or book entry), in such denominations, payable within 25 years from SB0004 Engrossed - 11 - LRB100 06348 HLH 16386 b their date, subject to such terms of redemption with or without premium, and if the Qualified School Construction Bonds are issued with a supplemental coupon, bear interest payable at such times and at such fixed or variable rate or rates, and be dated as shall be fixed and determined by the Director of the Governor's Office of Management and Budget in the order authorizing the issuance and sale of any series of Qualified School Construction Bonds, which order shall be approved by the Governor and is herein called a "Bond Sale Order";
Qualified School Construction Bonds must be issued with principal or mandatory redemption amounts or sinking fund payments into the General Obligation Bond Retirement and Interest Fund (or subaccount therefor) in equal amounts, with the first maturity issued, mandatory redemption payment or sinking fund payment occurring within the fiscal year in which the Qualified School Construction Bonds are issued or within the next succeeding fiscal year, with Qualified School SB0004 - 12 - LRB100 06348 HLH 16386 b Construction Bonds issued maturing or subject to mandatory redemption or with sinking fund payments thereof deposited each fiscal year thereafter up to 25 years.
Qualified School Construction Bonds must be issued with principal or mandatory redemption amounts or sinking fund payments into the General Obligation Bond Retirement and Interest Fund (or subaccount therefor) in equal amounts, with the first maturity issued, mandatory redemption payment or sinking fund payment occurring within the fiscal year in which the Qualified School Construction Bonds are issued or within the next succeeding fiscal year, with Qualified School SB0004 Engrossed - 12 - LRB100 06348 HLH 16386 b Construction Bonds issued maturing or subject to mandatory redemption or with sinking fund payments thereof deposited each fiscal year thereafter up to 25 years.
(1) disclose whether, within the past 3 months, pursuant to its credit default swap market-making activities, the firm has entered into any State of Illinois SB0004 - 13 - LRB100 06348 HLH 16386 b credit default swaps ("CDS");
(1) disclose whether, within the past 3 months, pursuant to its credit default swap market-making activities, the firm has entered into any State of Illinois SB0004 Engrossed - 13 - LRB100 06348 HLH 16386 b credit default swaps ("CDS");
(g) All entities included on a Governor's Office of SB0004 - 14 - LRB100 06348 HLH 16386 b Management and Budget's pool of qualified underwriting banks list shall, as soon as possible after March 18, 2011 (the effective date of Public Act 96-1554), but not later than January 21, 2011, and on a quarterly fiscal basis thereafter, provide a written report to the Governor's Office of Management and Budget and the Illinois Comptroller.
(g) All entities included on a Governor's Office of SB0004 Engrossed - 14 - LRB100 06348 HLH 16386 b Management and Budget's pool of qualified underwriting banks list shall, as soon as possible after March 18, 2011 (the effective date of Public Act 96-1554), but not later than January 21, 2011, and on a quarterly fiscal basis thereafter, provide a written report to the Governor's Office of Management and Budget and the Illinois Comptroller.
(4) include, in the event of State of Illinois proprietary trades, disclosure of the firm's outstanding gross and net notional amount of proprietary State of Illinois CDS and whether the net position is short or long SB0004 - 15 - LRB100 06348 HLH 16386 b credit protection, as of the end of the current 3-month period;
(4) include, in the event of State of Illinois proprietary trades, disclosure of the firm's outstanding gross and net notional amount of proprietary State of Illinois CDS and whether the net position is short or long SB0004 Engrossed - 15 - LRB100 06348 HLH 16386 b credit protection, as of the end of the current 3-month period;
State General Obligation Restructuring Bonds shall be in such form, either coupon, registered, or book entry, in such denominations, shall bear interest payable at such times and at such fixed or variable rate or rates, and be dated as shall be fixed and determined by the Director of the Governor's Office of Management and Budget in the order authorizing the issuance and sale of any series of State General Obligation Restructuring Bonds, which order shall be approved by the Governor and is herein called a "Bond SB0004 - 16 - LRB100 06348 HLH 16386 b Sale Order";
State General Obligation Restructuring Bonds shall be in such form, either coupon, registered, or book entry, in such denominations, shall bear interest payable at such times and at such fixed or variable rate or rates, and be dated as shall be fixed and determined by the Director of the Governor's Office of Management and Budget in the order authorizing the issuance and sale of any series of State General Obligation Restructuring Bonds, which order shall be approved by the Governor and is herein called a "Bond SB0004 Engrossed - 16 - LRB100 06348 HLH 16386 b Sale Order";
Notwithstanding the foregoing, the principal amounts SB0004 - 17 - LRB100 06348 HLH 16386 b calculated above shall be in increments of $5,000.
Notwithstanding the foregoing, the principal amounts SB0004 Engrossed - 17 - LRB100 06348 HLH 16386 b calculated above shall be in increments of $5,000.
Except as otherwise provided in this Section, Bonds shall be sold from time to time pursuant to notice of sale and public bid or by negotiated sale in such SB0004 - 18 - LRB100 06348 HLH 16386 b amounts and at such times as is directed by the Governor, upon recommendation by the Director of the Governor's Office of Management and Budget.
Except as otherwise provided in this Section, Bonds shall be sold from time to time pursuant to notice of sale and public bid or by negotiated sale in such SB0004 Engrossed - 18 - LRB100 06348 HLH 16386 b amounts and at such times as is directed by the Governor, upon recommendation by the Director of the Governor's Office of Management and Budget.
If Bonds are to be sold pursuant to notice of sale and public bid, the Director of the Governor's Office of Management and Budget may, from time to time, as Bonds are to be sold, advertise the sale of the Bonds in at least 2 daily newspapers, SB0004 - 19 - LRB100 06348 HLH 16386 b one of which is published in the City of Springfield and one in the City of Chicago.
If Bonds are to be sold pursuant to notice of sale and public bid, the Director of the Governor's Office of Management and Budget may, from time to time, as Bonds are to be sold, advertise the sale of the Bonds in at least 2 daily newspapers, SB0004 Engrossed - 19 - LRB100 06348 HLH 16386 b one of which is published in the City of Springfield and one in the City of Chicago.
however, SB0004 - 20 - LRB100 06348 HLH 16386 b that sale shall under no circumstances take place later than 60 days after the State closes the sale of 75% of the State General Obligation Restructuring Bonds by negotiated sale.
however, SB0004 Engrossed - 20 - LRB100 06348 HLH 16386 b that sale shall under no circumstances take place later than 60 days after the State closes the sale of 75% of the State General Obligation Restructuring Bonds by negotiated sale.
(e) Proceeds from the sale of Bonds, authorized by Section 6 of this Act, shall be deposited in the separate fund known as SB0004 - 21 - LRB100 06348 HLH 16386 b the Anti-Pollution Fund.
(e) Proceeds from the sale of Bonds, authorized by Section 6 of this Act, shall be deposited in the separate fund known as SB0004 Engrossed - 21 - LRB100 06348 HLH 16386 b the Anti-Pollution Fund.
SB0004 - 22 - LRB100 06348 HLH 16386 b (Source:
SB0004 Engrossed - 22 - LRB100 06348 HLH 16386 b (Source:
In considering the approval of projects to be funded, the SB0004 - 23 - LRB100 06348 HLH 16386 b Department of Commerce and Economic Opportunity shall give special consideration to projects designed to remove sulfur and other pollutants in the preparation and utilization of coal, and in the use and operation of electric utility generating plants and industrial facilities which utilize Illinois coal as their primary source of fuel.
In considering the approval of projects to be funded, the SB0004 Engrossed - 23 - LRB100 06348 HLH 16386 b Department of Commerce and Economic Opportunity shall give special consideration to projects designed to remove sulfur and other pollutants in the preparation and utilization of coal, and in the use and operation of electric utility generating plants and industrial facilities which utilize Illinois coal as their primary source of fuel.
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(c-2) Any money received by the Department of Transportation as reimbursement for expenditures for transit SB0004 - 24 - LRB100 06348 HLH 16386 b capital purposes pursuant to appropriations from the Transportation Bond, Series B Fund for projects authorized by the federal government under the provisions of the American Recovery and Reinvestment Act of 2009 or the Safe Accountable Flexible Efficient Transportation Equity Act—A Legacy for Users (SAFETEA-LU), or any successor federal transportation authorization Act, shall be deposited into the Federal Mass Transit Trust Fund.
(c-2) Any money received by the Department of Transportation as reimbursement for expenditures for transit SB0004 Engrossed - 24 - LRB100 06348 HLH 16386 b capital purposes pursuant to appropriations from the Transportation Bond, Series B Fund for projects authorized by the federal government under the provisions of the American Recovery and Reinvestment Act of 2009 or the Safe Accountable Flexible Efficient Transportation Equity Act—A Legacy for Users (SAFETEA-LU), or any successor federal transportation authorization Act, shall be deposited into the Federal Mass Transit Trust Fund.
This Act takes effect upon becoming law, but this Act does not take effect at all unless Senate Bills 1, 2, 3, 5, 6, 7, 8, 9, 10, 11, 12, and 13 of the 100th General Assembly become law.
This Act takes effect upon becoming law.
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Action History

  1. Session Sine Die

  2. Chief Sponsor Changed to Sen. John J. Cullerton

  3. Rule 19(a) / Re-referred to Rules Committee

  4. Final Action Deadline Extended-9(b) December 31, 2017

  5. Final Action Deadline Extended-9(b) July 7, 2017

  6. Final Action Deadline Extended-9(b) June 30, 2017

  7. Final Action Deadline Extended-9(b) May 31, 2017

  8. Held on Calendar Order of Second Reading - Short Debate

  9. Second Reading - Short Debate

  10. Placed on Calendar 2nd Reading - Short Debate

  11. Do Pass as Amended / Short Debate Executive Committee; 007-004-000

  12. House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote

  13. House Committee Amendment No. 1 Rules Refers to Executive Committee

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

  15. House Committee Amendment No. 1 Filed with Clerk by Rep. Gregory Harris

  16. Committee Deadline Extended-Rule 9(b) May 26, 2017

  17. Assigned to Executive Committee

  18. Referred to Rules Committee

  19. First Reading

  20. Chief House Sponsor Rep. Gregory Harris

  21. Arrived in House

  22. Senate Floor Amendment No. 4 Tabled Pursuant to Rule 5-4(a)

  23. Senate Floor Amendment No. 3 Tabled Pursuant to Rule 5-4(a)

  24. Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)

  25. Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)

  26. Third Reading - Passed; 036-015-006

  27. 3/5 Vote Required

  28. Placed on Calendar Order of 3rd Reading

  29. Senate Floor Amendment No. 5 Adopted; Trotter

  30. Recalled to Second Reading

  31. Senate Floor Amendment No. 5 Be Approved for Consideration Assignments

  32. Senate Floor Amendment No. 5 Referred to Assignments

  33. Senate Floor Amendment No. 5 Filed with Secretary by Sen. Donne E. Trotter

  34. Rule 2-10 Third Reading Deadline Established As May 31, 2017

  35. Senate Floor Amendment No. 4 Pursuant to Senate Rule 3-8(b-1), this Amendment will remain in the Committee of Assignments.

  36. Senate Floor Amendment No. 4 Referred to Assignments

  37. Senate Floor Amendment No. 4 Filed with Secretary by Sen. Donne E. Trotter

  38. Senate Floor Amendment No. 3 Pursuant to Senate Rule 3-8(b-1), this amendment will remain in the Committee on Assignments

  39. Senate Floor Amendment No. 3 Referred to Assignments

  40. Senate Floor Amendment No. 3 Filed with Secretary by Sen. Donne E. Trotter

  41. Placed on Calendar Order of 3rd Reading January 25, 2017

  42. Second Reading

  43. Senate Floor Amendment No. 2 Referred to Assignments

  44. Senate Floor Amendment No. 2 Filed with Secretary by Sen. Donne E. Trotter

  45. Placed on Calendar Order of 2nd Reading January 24, 2017

  46. Approved for Consideration Assignments

  47. Senate Committee Amendment No. 1 Re-referred to Assignments

  48. Re-referred to Assignments

  49. Senate Committee Amendment No. 1 Postponed - Appropriations I

  50. Postponed - Appropriations I

  51. Senate Committee Amendment No. 1 Assignments Refers to Appropriations I

  52. Senate Committee Amendment No. 1 Referred to Assignments

  53. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Donne E. Trotter

  54. Assigned to Appropriations I

  55. Referred to Assignments

  56. First Reading

  57. Filed with Secretary by Sen. Donne E. Trotter

Sponsors

  • John J. Cullerton · Cosponsor

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on · 4 voted No

Sponsors (0)

None.

Co-sponsors (1)

  • John J. Cullerton

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 36 Yea · 15 Nay · 8 Other
Party YeaNayPresentNot Voting
Unaffiliated 221104
Republican 0404
Democrat 14000
Total 361508
% of votes cast 61%25%0%14%
How each member voted (59)
Member Party Vote
Barickman — Nay
Bertino-Tarrant — Yea
Biss — Yea
Bivins — Nay
McCarter — Nay
Muñoz — Yea
Martinez — Yea
Mulroe — Yea
Silverstein — Yea
Harris — Yea
Bennett — Yea
McGuire — Yea
Landek — Yea
Link — Yea
Manar — Yea
Cullerton — Yea
Cullerton, T. — Yea
McCann — Nay
McConnaughay — Nay
Rooney — Not Voting
Brady — Not Voting
Oberweis — Not Voting
Trotter — Yea
Bush — Yea
Clayborne — Yea
Connelly — Nay
Haine — Not Voting
Hutchinson — Yea
Nybo — Nay
Radogno — Nay
Raoul — Yea
Righter — Nay
Sandoval — Yea
Schimpf — Nay
Steans — Yea
Althoff — Nay
Van Pelt — Yea
Bill Cunningham Democrat Yea
Cristina Castro Democrat Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Julie A. Morrison Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Michael E. Hastings Democrat Yea
Omar Aquino Democrat Yea
Steve Stadelman Democrat Yea
Chapin Rose Republican Nay
Dale Fowler Republican Nay
Dan McConchie Republican Not Voting
Dave Syverson Republican Not Voting
Jil Tracy Republican Not Voting
Neil Anderson Republican Nay
Sue Rezin Republican Not Voting
Travis Weaver Republican Nay

Official roll call →

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 4 do?
Amends the General Obligation Bond Act. Authorizes the issuance of an additional $7,000,000,000 in State General Obligation Restructuring Bonds. Provides that the proceeds from that bond sale shall be used for the purpose of paying vouchers incurred by the State prior to July 1, 2017. Effective immediately, but this Act does not take effect at all unless Senate Bills 1, 2, 3, 5, 6, 7, 8, 9, 10, 11, 12, and 13 of the 100th General Assembly become law.
Who sponsors SB 4?
SB 4 is sponsored by John J. Cullerton.
What is the current status of SB 4?
This bill died with 100th 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 4?
Track SB 4 free on One Click Politics — get push/email alerts when it moves.

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