SB 1601 — BONDS & DEBT-TECH
Last action — Public Act . . . . . . . . . 93-0009
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 20, 2003. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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1 sponsor
0 primary, 1 co-sponsors signed on.
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Cleared a recorded vote
Passed 3 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
Amends the General Obligation Bond Act. Makes a technical change in a Section concerning execution of bonds.
Bill Text
What changed in the latest version
547 added · 221 removedPlain-language change summary
The legislation changes include the establishment of a special fund called the School Infrastructure Fund, which will receive a monthly transfer of $5 million from the General Revenue Fund starting January 1, 2000, with restrictions on transfers during specific years. This fund is designated exclusively for paying off bonds that finance school construction projects. These changes are significant because they ensure funding is consistently allocated for essential school infrastructure, helping to support educational improvements across the state. Additionally, the amendments simplify and clarify previous provisions about interest rate swaps related to bond issuance, potentially making it easier for the state to manage its debt effectively.
SB1601 EngrossedEnrolled LRB093 02811 SJM 02827 b AN ACT concerning finance.
Section 5.3.
The BondState AuthorizationFinance Act is amended by changing Section 76z-45 as follows:
(30 ILCS 105/6z-45) Sec.
6z-45.
The School Infrastructure Fund.
(a) The School Infrastructure Fund is created as a special fund in the State Treasury.
SB1601 Enrolled -2- LRB093 02811 SJM 02827 b In addition to any other deposits authorized by law, beginning January 1, 2000, on the first day of each month, or as soon thereafter as may be practical, the State Treasurer and State Comptroller shall transfer the sum of $5,000,000 from the General Revenue Fund to the School Infrastructure Fund;
provided, however, that no such transfers shall be made from July 1, 2001 through June 30, 2003.
(b) Subject to the transfer provisions set forth below, money in the School Infrastructure Fund shall, if and when the State of Illinois incurs any bonded indebtedness for the construction of school improvements under the School Construction Law, be set aside and used for the purpose of paying and discharging annually the principal and interest on that bonded indebtedness then due and payable, and for no other purpose.
In addition to other transfers to the General Obligation Bond Retirement and Interest Fund made pursuant to Section 15 of the General Obligation Bond Act, upon each delivery of bonds issued for construction of school improvements under the School Construction Law, the State Comptroller shall compute and certify to the State Treasurer the total amount of principal of, interest on, and premium, if any, on such bonds during the then current and each succeeding fiscal year.
____________________i_____________________a_____________ _____,______________________s_____________________t_____________ ______o_____________________b______________________f____________ ______t____________________t______________________t_____________ _____e_____________________e______________________t_____________ _____i_____________________b______________________a__________ On or before the last day of each month, the State Treasurer and State Comptroller shall transfer from the School Infrastructure Fund to the General Obligation Bond Retirement and Interest Fund an amount sufficient to pay the aggregate of the principal of, interest on, and premium, if SB1601 Enrolled -3- LRB093 02811 SJM 02827 b any, on the bonds payable on their next payment date, divided by the number of monthly transfers occurring between the last previous payment date (or the delivery date if no payment date has yet occurred) and the next succeeding payment date.
_____e_____________________l______________________e_____________ _____h_____________________n______________________y_____________ _____a_____________________t_______________________a____________ _____t_____________________d______________________r_____________ _____s_____________________s______________________r_____________ _____p_____________________o______________________h_____________ _____d_____________________t______________________e_____________ _____n_____________________i______________________a_____________ ______s____________________d______________________f_____________ ______t____________________i______________ (c) The surplus, if any, in the School Infrastructure Fund after the payment of principal and interest on that bonded indebtedness then annually due shall, subject to appropriation, be used as follows:
First - to make 3 payments to the School Technology Revolving Loan Fund as follows:
Transfer of $30,000,000 in fiscal year 1999;
Transfer of $20,000,000 in fiscal year 2000;
and Transfer of $10,000,000 in fiscal year 2001.
Second - to pay the expenses of the State Board of Education and the Capital Development Board in administering programs under the School Construction Law, the total expenses not to exceed $1,200,000 in any fiscal year.
Third - to pay any amounts due for grants for school construction projects and debt service under the School Construction Law.
Fourth - to pay any amounts due for grants for school maintenance projects under the School Construction Law.
(Source:
P.A.
91-38, eff.
6-15-99;
91-711, eff.
7-1-00;
92-11, eff.
6-11-01;
92-600, eff.
6-28-02.) SB1601 Enrolled -4- LRB093 02811 SJM 02827 b Section 5.
The Bond Authorization Act is amended by changing Sections 7, 9, 14 and 15 as follows:
__________s_____________ _____o_____________________n______________________e_____________ _____m_______ With respect to all or part of any c_________ SB1601 Engrossed -2- LRB093 02811 SJM 02827 b _____a__________________ issue of its bonds, a ____________ ____ ------------------- whose aggregate principal amount of bonds outstanding ______o______ exceeds $10,000,000 may, without prior appropriation, enter into agreements or contracts with any necessary or appropriate person ____ _____e_________ that will have the benefit of providing to the _____n___________________ ------------------ an interest rate basis, cash flow basis, or other basis different from that provided in the bonds for the payment of interest o_______ _____r_____________________e______________________o_____________ _____n_____________________,______________________i_____________ _____,___________________.
Such agreements or contracts include without limitation agreements or contracts commonly known as "-interest rate swap,___________________r_____________ agreements"-, -forward payment conversion agreements-, _____e_____________________w______________________e_____________ _____n_____________________d______________________r________ and ______i_______ agreements or contracts providing for payments based on levels of or changes in interest rates, i ____________ _____e______________________i______ to exchange cash flows or a series of payments, or to hedge payment, rate spread, or similar exposure (_________e______________________c_____________ ______"____________________i______________________d_____________ _____e_____________________t______________________n_____________ _____n_____________________h___________ _a_____________________u______________________a_____________ _______a___________________h______________________a_____________ _____g_____________________t_______________________p____________SB1601 _____o______________________f_____________________i_____________Enrolled ______s____________________n______________________u_____________-5- ______w______________________r____________________n_____________LRB093 _____d______________________o_____________________h_____________02811 _____b_____________________s________________________s___________SJM _____c_____________________s______________________p_____________02827 SB1601b Engrossed_____g_____________________t_______________________p____________ -3-_____o______________________f_____________________i_____________ LRB093______s____________________n______________________u_____________ 02811______w______________________r____________________n_____________ SJM_____d______________________o_____________________h_____________ 02827_____b_____________________s________________________s___________ b_____c_____________________s______________________p_____________ _____e_____________________m_______________________b____________ _____o_____________________n______________________e_____________ _____e_____________________r_______________________g____________ ____.
_d_____________________p_______________________a____________ _____i_____________________u______________________r_____________ _____d_____________________a______________________s_____________ _____t______________________g_____________________t_____________SB1601 _____e______________________t_____________________t_____________Enrolled _____,_____________________l______________________t_____________-6- _____n_____________________u______________________h_____________LRB093 _____n_____________________a______________________r______02811 _e_____________________e______________________d_____________SJM _____u_____________________b______________________c_____________02827 SB1601b Engrossed_____t______________________g_____________________t_____________ -4-_____e______________________t_____________________t_____________ LRB093_____,_____________________l______________________t_____________ 02811_____n_____________________u______________________h_____________ SJM_____n_____________________a______________________r______ 02827_e_____________________e______________________d_____________ b_____u_____________________b______________________c_____________ _____b_____________________,______________________e_____________ _____o______________________s_____________________v_____________ _____e_____________________a______________________e_____________ _____d_____________________n_______________________s_____ _f______________________f_____________________a_____________ _____e_____________________e_______________________t____________ _____s_____________________s______________________l_____________ _____g_____________________h_______________________t____________ _____o______________________t_______________________a___________ _____g_____________________a______________________t_____________ _____t_____________________i______________________e_____________ _____g_____________________c_______________________o____________ _g_____________________t______________________w_____________ ______a____________________t______________________m_____________ _______t___________________a______________________j_____________ _____d_____________________b______________________o_____________ _______e___________________l______________________c_____________ _____x______________________a_____________________l_______ (Source:
87-1176.) Section(30 10.ILCS 330/9) (from Ch.
The127, Localpar. Government Credit Enhancement Act is amended by changing Sections 2 and 3 as follows:
659) Sec.
9.
Conditions for Issuance and Sale of Bonds - Requirements for Bonds.
_a__ 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 Bureau of the Budget.
Show all 90 changed lines (50 more)
Bonds shall be in such SB1601 Enrolled -7- LRB093 02811 SJM 02827 b form (either coupon, registered or book entry), in such denominations, payable within 30 years from their date, subject to such terms of redemption with or without premium, bear interest payable at such times and at such fixed __ _____b___ rate or rates, and be dated as shall be fixed and determined by the Director of the Bureau of the Budget in the order authorizing the issuance and sale of any series of Bonds, which order shall be approved by the Governor and is herein called a "Bond Sale Order";
provided however, that interest _________________o_________________ shall not exceed that permitted in the Bond Authorization Act, as now or hereafter amended.
---- Bonds shall be payable at such place or places, within or without the State of Illinois, and may be made registrable as to either principal or as to both principal and interest, as shall be specified in the Bond Sale Order.
Bonds may be callable or subject to purchase and retirement o_______________e__________ as fixed and determined in the Bond Sale Order.
_n_____________________r______________________i_____________ _____b_____________________a_______________________i____________ _____m_______________________r____________________c_____________ _____b_____________________b______________________h_____________ _____s_____________________i_______________________b____________ _____o______________________e_____________________d_____________ _____e_____________________r______________________s_____________ ______a____________________f______________________d_____________ _____r_____________________u______________________h_____________ _____n_____________________a________________________i___________ _____t_____________________r______________________j_____________ _____k_____________________s______________________e_____________ _____u_____________________r_______________________t____________ ______e____________________i_______________________p____________ _____n______________________t_____________________m_____________ ______f____________________n______________________i_____________ SB1601 Enrolled -8- LRB093 02811 SJM 02827 b ______c____________________B_______________________p____________ _____n_______________________o_____________________e____________ _____n_____________________e______________________t_____________ _____i_____________________a______________________o_____________ _______d___________________s______________________o_____________ _____h_____________________p______________________r_____________ _____c______________________f_____________________a_____________ _____c_____________________t______________________r_____________ _____d_____________________i________________________e___________ _____a_____________________g_______________________a____________ _____s_____________________f______________________o_____________ _____c_____________________t________________________a___________ _____r_____________________o______________________e_____________ _____e_____________________e______________________u__________ _b_____________________i______________________a_____________ _____,_____________________e________________________t___________ _____i_____________________i______________________s_____________ _____u_______________________o____________________i_____________ _____r_____________________f______________________e_____________ _____t_____________________h_______________________a____________ _____e_____________________t________________________a___________ _____s_____________________l______________________s_____________ _____n_____________________n______________________e_____________ _____d_____________________n______________________c_____________ ______t____________________B______________________e_____________ ______s____________________t______________________p_____________ ______o____________________e______________________s_____________ _____g_____________________d______________________l_____________ _____h_____________________d______________________c_____________ ______s____________________a______________________e_____________ _____o_____________________e______________________n_________ _h_____________________i______________________s_____________ _____i_______________________p______________________e___________ _____g_____________________t______________________p_____________ SB1601 Enrolled -9- LRB093 02811 SJM 02827 b _____n_____________________r______________________i_____________ _____a_____________________o______________________t_____________ _____r_____________________t_______________________d____________ _____D_____________________r______________________b_____________ _____._____________________u______________________l_____________ _____e_____________________a______________________m_____________ _____a______________________a_____________________T_____________ _____h_____________________g______________________u_____________ _____e_____________________a_______________________h____________ _____e______________________p_____________________u_____________ _____l_____________________q______________________h_________ _c_____________________s______________________l_____________ _____a_____________________,______________________B_____________ _____t_____________________r______________________e_____________ _____d_____________________n______________________v_____________ _____u_____________________o________________________2___________ _____y_____________________e______________________e_____________ _____t_____________________d_______________________t____________ _____p_____________________t______________________a_____________ ______t____________________t______________________h_____________ ______e____________________d______________________t_____________ _____S_____________________e______________________t_____________ _____d______ (Source:
P.A.
91-39, eff.
6-15-99;
91-357, eff.
7-29-99;
92-16, eff.
6-28-01.) (30 ILCS 330/14) (from Ch.
127, par.
664) Sec.
14.
Repayment.
(a) To provide for the manner of repayment of Bonds, the Governor shall include an appropriation in each annual State Budget of monies in such amount as shall be necessary and sufficient, for the period covered by such budget, to pay the interest, as it shall accrue, on all Bonds issued under this Act, to pay and discharge the principal of such Bonds as SB1601 Enrolled -10- LRB093 02811 SJM 02827 b shall, by their terms_ fall due during such period, _ and to pay a premium, if any, on Bonds to be redeemed prior to the maturity date.
________i______________________p_____________ _____a______________________v_____________________h_____________ _____u_____________________r______________________y_____________ _____d_____________________e_______________________a____________ _____t______________________t_____________________r_____________ _____u_____________________u______________________e_____________ _____p_____________________r______________________d_____________ _____p_____________________y______________________l_____________ _____t_____________________i______________________o_____________ ______s____________________c____________________ (b) A separate fund in the State Treasury called the "General Obligation Bond Retirement and Interest Fund" is hereby created.
(c) The General Assembly shall annually make appropriations to pay the principal of, interest on, and premium, if any, on Bonds sold under this Act from the General Obligation Bond Retirement and Interest Fund.
_____t_____________________p________________________p___________ _____e______________________b_____________________x_____________ _____t_____________________y______________________l_____________ _____g_____________________r_______________________t____________ _____t_____________________r______________________m_____________ _____e_______________________a____________________u_____________ _____t_____________________h______________________h_____________ _____e______________________a_____________________t_____________ _____e_____________________t_______________________o____________ _____i_______ If for any reason there are insufficient funds in either the General Revenue Fund or the Road Fund to make transfers to the General Obligation Bond Retirement and Interest Fund as required by Section 15 of this Act, or if for any reason the General Assembly fails to make appropriations sufficient SB1601 Enrolled -11- LRB093 02811 SJM 02827 b to pay the principal of, interest on, and premium, if any, on the Bonds, as the same by their terms shall become due, this Act shall constitute an irrevocable and continuing appropriation of all amounts necessary for that purpose, and the irrevocable and continuing authority for and direction to the State Treasurer and the Comptroller to make the necessary transfers, as directed by the Governor, out of and disbursements from the revenues and funds of the State.
(d) If, because of insufficient funds in either the General Revenue Fund or the Road Fund, monies have been transferred to the General Obligation Bond Retirement and Interest Fund, as required by subsection (c) of this Section, _ this Act shall constitute the irrevocable and continuing authority for and direction to the State Treasurer and Comptroller to reimburse these funds of the State from the General Revenue Fund or t__e_ Road Fund, as appropriate, by transferring, at such times and in such amounts, as directed by the Governor, an amount to these funds equal to that transferred from them.
(Source:
P.A.
83-1490.) (30 ILCS 330/15) (from Ch.
127, par.
665) Sec.
15.
Computation of Principal and Interest;
transfers.
(a) Upon each delivery of Bonds authorized to be issued under this Act, the Comptroller shall compute and certify to the Treasurer the total amount of principal of, interest on, and premium, if any, on Bonds issued that will be payable in order to retire such Bonds and the amount of principal of, interest on and premium, if any, on such Bonds that will be payable on each payment date according to the tenor of such Bonds during the then current and each succeeding fiscal year.
____________________i_____________________a_____________ _____,______________________s_____________________t_____________ SB1601 Enrolled -12- LRB093 02811 SJM 02827 b ______o_____________________b______________________f____________ ______t____________________t______________________t_____________ _____e_____________________e______________________t_____________ _____i_____________________b_______________________s____________ _____a_____________________c______________________i_____________ _____c_____________________y______________________a_____________ _____d_____________________i______________________o_____________ _____e_____________________t______________________o____________ On or before the last day of each month the State Treasurer and Comptroller shall transfer from (1) the Road Fund with respect to Bonds issued under paragraph (a) of Section 4 of this Act or Bonds issued for the purpose of refunding such bonds, and from (2) the General Revenue Fund, with respect to all other Bonds issued under this Act, to the General Obligation Bond Retirement and Interest Fund an amount sufficient to pay the aggregate of the principal of, interest on, and premium, if any, on Bonds payable, by their terms on the next payment date divided by the number of full calendar months between the date of such Bonds and the first such payment date, and thereafter, divided by the number of months between each succeeding payment date after the first.
Such computations and transfers shall be made for each series of Bonds issued and delivered.
_________________o____________ ______b____________________l______________________i_____________ _____e_____________________l______________________e_____________ _____g_______________________c____________________n_____________ _____t_____________________e______________________u_____________ _____e_____________________p______________________r_____________ _____b_____________________o______________________m_____________ _____e_____________________e_______________________t____________ _____e_____________________t_______________________o____________ _____i_______ Interest for which moneys have already been deposited into the capitalized interest account within the General Obligation Bond Retirement and Interest Fund shall SB1601 Enrolled -13- LRB093 02811 SJM 02827 b not be included in the calculation of the amounts to be transferred under this subsection.
The transfer of monies herein and above directed is not required if monies in the General Obligation Bond Retirement and Interest Fund are more than the amount otherwise to be transferred as herein above provided, and if the Governor or his authorized representative notifies the State Treasurer and Comptroller of such fact in writing.
(b) After the effective date of this Act, the balance of, and monies directed to be included in the Capital Development Bond Retirement and Interest Fund, Anti-Pollution Bond Retirement and Interest Fund, Transportation Bond, Series A Retirement and Interest Fund, Transportation Bond, Series B Retirement and Interest Fund, and Coal Development Bond Retirement and Interest Fund shall be transferred to and deposited in the General Obligation Bond Retirement and Interest Fund.
This Fund shall be used to make debt service payments on the State's general obligation Bonds heretofore issued which are now outstanding and payable from the Funds herein listed as well as on Bonds issued under this Act.
(c) The unused portion of federal funds received for a capital facilities project, as authorized by Section 3 of this Act, for which monies from the Capital Development Fund have been expended shall be deposited upon completion of the project in the General Obligation Bond Retirement and Interest Fund.
Any federal funds received as reimbursement for the completed construction of a capital facilities project, as authorized by Section 3 of this Act, for which monies from the Capital Development Fund have been expended shall be deposited in the General Obligation Bond Retirement and Interest Fund.
(Source:
P.A.
93-2, eff.
4-7-03.) Section 10.
The Local Government Credit Enhancement Act SB1601 Enrolled -14- LRB093 02811 SJM 02827 b is amended by changing Sections 2 and 3 as follows:
For the purposes of this Act, t____________ _____e_____________________n______________________ ----------- -----x---------------------:- -a----------------------g---------------------e------------- -----b---------------------V----------------------t------------- -----i-------- -b---------------------"----------------------h------------- -----i----------------------C----------------------i------------ -----o---------------------c----------------------i------------- -----e---------------------n----------------------c------------- SB1601 Engrossed -5- LRB093 02811 SJM 02827 b -----i---------------------o----------------------i------------- ------t---------------------C---------------------l---- -c----------------------m---------------------u------------- -----u---------------------o----------------------s------------- -----t----------------------d---------------------o------------- -----e---------------------n----------------------c--- (Source:
These may include, without limitation, municipal bond insurance, letters of credit, lines of credit,___________b______________________e_____________ _____,________________ by which the g____________ unit o-------- -----n---------------------i--- may borrow funds to pay or redeem o___________________d_ its bonds and ______r_____________ _____e______________________f_______ purchase or remarketing o__ ______(____________________n____ ------------ for ____________ SB1601 Enrolled -15- LRB093 02811 SJM 02827 b _____n_____________________g______________________r_____________ _____d_____________________e______________________s_____________ _____m_____________________g______________________o_____________ _____o_____________________y______________________y_____________ _____l_____________________e____ -----------------i------------- -----e---------------------n----------------------r------------- -----e---------------------m----------------------u------------- -----n---------------------i----------------------o------------- -----g---------------------e----------------------a------------- -----d---------------------d--.
_i______________________t_____________________c_____________ ______c____________________o______________________e_____________ _____a____ ----------------o---------------------d------------- SB1601 Engrossed -6- LRB093 02811 SJM 02827 b -----s-------------------- may o___________________s____________ _____ provide a___________ _a__ ---- Interest rates o____________ may vary from time to time depending upon criteria established by the governing ____ b-----, which may include, without limitation:______- a variation in interest rates as may be necessary to cause bonds to be r__________ ---a--------- from time to time at a price equal to their principal amount ______a___________ _____e_____________________y______________________a_____________ _____l___ -----------------o------------------ _b__ A national banking association, bank, trust company, investment banker or other financial institution ______ _____n____ to serve as a remarketing agent in that connection, _ _____u______________________m_____________________o_____________ _____n_____________________e______________________c_____________ _____r_____________________t__________________.
-h------------- -----e---------------------h----------------------o------------- -----r----------- _c__ Alternative interest rates or provisions m___ ---- apply during such times as the bonds are held by t ___ - person _____r_____________________i______ providing a ___d_____________ SB1601 Enrolled -16- LRB093 02811 SJM 02827 b _____m___________________ -e----------------------o------------- -----c------------------- for those bonds _____d___________ _____,______________________b_______________________n___________ ______i____________________d______________________e_____________ _____s_____________________c______________________A_____________ _____r_____________________s______________________t_____________ _____o___ _d_____________________i_________________________p__________ _____d_______________________r____________________u_____________ ______o____________________i______________________e_____________ _______f_____________________p____________________c_____________ _____n_____________________o_______________________p____________ _____o_____________________t______________________o_____________ SB1601 Engrossed -7- LRB093 02811 SJM 02827 b _____d_____________________b______________________e_____________ _____u_____________________,______________________d_____________ _____n_____________________h______________________e_____________ _____e_____________________t______________________i_____________ _____n_____________________i______________________s_____________ _____d_____________________s_______________ _e_____________________t______________________f_____________ _____c_____________________r______________________h_____________ ______b____________________s______________________p_____________ _____t______________________c_______________________r___________ _____m______ _f_____________________l______________________r_____________ _____s_____________________e______________________o_____________ _______a____________________g_____________________n_____________ _____r_____________________o_______________________a____________ _____d_____________________m_______________________f____________ _____a_____________________e_______________________u____________ _____._ _g______________________f_____________________f_____________ _____d_____________________r______________________n_____________ _____h_____________________p______________________i_____________ SB1601 Enrolled -17- LRB093 02811 SJM 02827 b _____n_____________________e_______________________o____________ _____j_____________________o______________________g_____________ _____k_____________________a______________________a_____________ _____c_____________________t______________________i_____________ _____a_____________________u______________________n_____________ _____n_____________________i___ _h_____________________u______________________n_____________ _____i_____________________i______________________e_____________ _______o___________________o______________________e_____________ _____i______________________c_____________________d_____________ _____m_____________________b______________________s_____________ _____n_____________________o______________________b_____________ ____ SB1601 Engrossed -8- LRB093 02811 SJM 02827 b _i_____________________e______________________a_____________ _____d_____________________f______________________s_____________ _____,_____________________,______________________t_____________ _____r______________________1_____________________m_____________ _____i_____________________t_____________________.
83-1536.) Section 99.
Effective date.
This Act takes effect upon becoming law.
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Action History
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Public Act . . . . . . . . . 93-0009
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Effective Date June 3, 2003
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Governor Approved
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Sent to the Governor
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Passed Both Houses
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House Floor Amendment No. 1 Senate Concurs 048-009-001
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House Floor Amendment No. 1 Motion to Concur Be Approved for Consideration Rules
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House Floor Amendment No. 1 Motion to Concur Referred to Rules
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House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. John J. Cullerton
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Placed on Calendar Order of Concurrence House Amendment(s) 01 - May 31, 2003
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Secretary's Desk - Concurrence House Amendment(s) 01
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Added as Chief Co-Sponsor Sen. Don Harmon
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Third Reading - Short Debate - Passed 102-013-000
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House Floor Amendment No. 2 Tabled Pursuant to Rule 40(a)
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Placed on Calendar Order of 3rd Reading - Short Debate
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House Floor Amendment No. 1 Adopted by Voice Vote
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House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 010-000-000
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House Floor Amendment No. 1 Rules Refers to State Government Administration Committee
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House Floor Amendment No. 2 Referred to Rules Committee
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House Floor Amendment No. 2 Filed with Clerk by Rep. Gary Hannig
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House Floor Amendment No. 1 Referred to Rules Committee
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House Floor Amendment No. 1 Filed with Clerk by Rep. Dan Reitz
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Held on Calendar Order of Second Reading - Short Debate
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Recalled to Second Reading - Short Debate
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Placed on Calendar Order of 3rd Reading - Short Debate
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Second Reading - Short Debate
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Third Reading/Final Action Deadline Extended-9(b) May 31, 2003
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Committee/3rd Reading Deadline Extended-Rule 9(b); May 23, 2003
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Placed on Calendar 2nd Reading - Short Debate
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Do Pass / Short Debate Local Government Committee; 015-003-000
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Re-assigned to Local Government Committee
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Assigned to Executive Committee
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Referred to Rules Committee
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First Reading
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Chief House Sponsor Rep. Gary Hannig
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Placed on Calendar Order of First Reading
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Arrived in House
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Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
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Third Reading - Passed; 031-023-004
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Verified
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Placed on Calendar Order of 3rd Reading March 26, 2003
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Senate Floor Amendment No. 2 Adopted; Cullerton
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Recalled to Second Reading
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Senate Floor Amendment No. 2 Be Adopted Executive; 008-000-003
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Chief Sponsor Changed to Sen. John J. Cullerton
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Senate Floor Amendment No. 2 Rules Refers to Executive
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Placed on Calendar Order of 3rd Reading March 24, 2003
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Second Reading
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Senate Floor Amendment No. 2 Referred to Rules
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Senate Floor Amendment No. 2 Filed with Secretary by Sen. John J. Cullerton
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Placed on Calendar Order of 2nd Reading March 18, 2003
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Do Pass Executive; 008-005-000
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Senate Committee Amendment No. 1 Referred to Rules
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Senate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton
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Assigned to Executive
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Referred to Rules
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First Reading
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Chief Co-Sponsor Sen. Emil Jones, Jr.
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Filed with Secretary by Sen. Ira I. Silverstein
Sponsors
- John J. Cullerton · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 1 co-sponsors · 182 not signed on · 1 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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 40 | 9 | 0 | 2 |
| Democrat | 7 | 0 | 0 | 0 |
| Republican | 1 | 0 | 0 | 0 |
| Total | 48 | 9 | 0 | 2 |
| % of votes cast | 81% | 15% | 0% | 3% |
How each member voted (59)
| Member | Party | Vote |
|---|---|---|
| Sandoval | — | Yea |
| Shadid | — | Yea |
| Sieben | — | Nay |
| Althoff | — | Yea |
| Martinez | — | Yea |
| Bomke | — | Yea |
| Burzynski | — | Nay |
| Crotty | — | Yea |
| Garrett | — | Yea |
| Haine | — | Yea |
| Halvorson | — | Yea |
| Obama | — | Yea |
| Munoz | — | Yea |
| Silverstein | — | Yea |
| Soden | — | Yea |
| Sullivan, D. | — | Yea |
| Brady | — | Yea |
| Petka | — | Yea |
| Trotter | — | Yea |
| Viverito | — | Yea |
| Jacobs | — | Yea |
| Clayborne | — | Yea |
| Hendon | — | Yea |
| Jones, W. | — | Yea |
| Lauzen | — | Nay |
| Cullerton | — | Yea |
| Demuzio | — | Yea |
| Link | — | Yea |
| Luechtefeld | — | Not Voting |
| Sullivan, J. | — | Nay |
| Maloney | — | Yea |
| Jones, J. | — | Nay |
| Watson | — | Nay |
| Meeks | — | Yea |
| Righter | — | Nay |
| Schoenberg | — | Yea |
| Winkel | — | Yea |
| Cronin | — | Nay |
| DeLeo | — | Yea |
| Dillard | — | Yea |
| Geo-Karis | — | Yea |
| Wojcik | — | Yea |
| Woolard | — | Yea |
| Peterson | — | Yea |
| Radogno | — | Yea |
| Rauschenberger | — | Yea |
| Risinger | — | Nay |
| Ronen | — | Yea |
| Roskam | — | Not Voting |
| Rutherford | — | Yea |
| del Valle | — | Yea |
| Don Harmon | Democrat | Yea |
| Emanuel "Chris" Welch | Democrat | Yea |
| Emil Jones, III | Democrat | Yea |
| Kimberly A. Lightford | Democrat | Yea |
| Lakesia Collins | Democrat | Yea |
| Lawrence "Larry" Walsh, Jr. | Democrat | Yea |
| Mattie Hunter | Democrat | Yea |
| Dave Syverson | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 91 | 12 | 0 | 3 |
| Democrat | 9 | 0 | 0 | 0 |
| Republican | 2 | 1 | 0 | 0 |
| Total | 102 | 13 | 0 | 3 |
| % of votes cast | 86% | 11% | 0% | 3% |
How each member voted (118)
| Member | Party | Vote |
|---|---|---|
| Saviano | — | Yea |
| Schmitz | — | Yea |
| Slone | — | Yea |
| Sommer | — | Nay |
| Soto | — | Yea |
| Kurtz | — | Yea |
| Acevedo | — | Yea |
| Aguilar | — | Yea |
| Beaubien | — | Yea |
| Bassi | — | Yea |
| Bellock | — | Nay |
| Berrios | — | Yea |
| Mautino | — | Yea |
| Biggins | — | Yea |
| Black | — | Nay |
| Boland | — | Yea |
| May | — | Yea |
| Bost | — | Yea |
| Brauer | — | Yea |
| Brosnahan | — | Yea |
| Capparelli | — | Yea |
| McAuliffe | — | Yea |
| Eddy | — | Not Voting |
| Nekritz | — | Yea |
| Hultgren | — | Yea |
| Jefferson | — | Yea |
| Novak | — | Yea |
| Osmond | — | Yea |
| Parke | — | Nay |
| Lindner | — | Yea |
| Dunkin | — | Yea |
| Dunn | — | Yea |
| Mathias | — | Yea |
| Bailey | — | Yea |
| Lyons, Joseph | — | Yea |
| McCarthy | — | Yea |
| McKeon | — | Yea |
| Reitz | — | Yea |
| Mendoza | — | Yea |
| Millner | — | Yea |
| Moffitt | — | Yea |
| Molaro | — | Yea |
| Morrow | — | Yea |
| Munson | — | Yea |
| Myers | — | Yea |
| McGuire | — | Yea |
| Scully | — | Yea |
| Turner | — | Yea |
| Verschoore | — | Yea |
| Wait | — | Yea |
| Washington | — | Yea |
| Bradley, Richard | — | Yea |
| Brady | — | Yea |
| Hannig | — | Yea |
| Burke | — | Yea |
| Mitchell, Jerry | — | Yea |
| Sullivan | — | Yea |
| Howard | — | Yea |
| Watson | — | Yea |
| Jones | — | Yea |
| Churchill | — | Yea |
| Colvin | — | Yea |
| Cross | — | Yea |
| Flider | — | Yea |
| Flowers | — | Yea |
| Forby | — | Yea |
| Franks | — | Yea |
| Fritchey | — | Yea |
| Froehlich | — | Yea |
| Giles | — | Yea |
| Graham | — | Yea |
| Granberg | — | Yea |
| Grunloh | — | Yea |
| Hamos | — | Yea |
| Hassert | — | Yea |
| Holbrook | — | Yea |
| Jakobsson | — | Yea |
| Krause | — | Yea |
| Lang | — | Yea |
| Leitch | — | Nay |
| Davis, Monique | — | Yea |
| Davis, Steve | — | Yea |
| Mitchell, Bill | — | Nay |
| Madigan | — | Yea |
| Lyons, Eileen | — | Not Voting |
| Meyer | — | Nay |
| Mulligan | — | Nay |
| O'Brien | — | Yea |
| Osterman | — | Yea |
| Pankau | — | Nay |
| Pihos | — | Not Voting |
| Tenhouse | — | Nay |
| Coulson | — | Nay |
| Cultra | — | Yea |
| Currie | — | Yea |
| Daniels | — | Yea |
| Kosel | — | Yea |
| Winters | — | Yea |
| Wirsing | — | Yea |
| Yarbrough | — | Yea |
| Younge | — | Yea |
| Phelps | — | Yea |
| Poe | — | Yea |
| Ryg | — | Yea |
| Sacia | — | Nay |
| Chapa LaVia | — | Yea |
| Eva-Dina Delgado | Democrat | Yea |
| Jay Hoffman | Democrat | Yea |
| Lakesia Collins | Democrat | Yea |
| Michael J. Kelly | Democrat | Yea |
| Nicholas K. Smith | Democrat | Yea |
| Patrick J. Joyce | Democrat | Yea |
| Robert "Bob" Rita | Democrat | Yea |
| Sara Feigenholtz | Democrat | Yea |
| William "Will" Davis | Democrat | Yea |
| Brad Stephens | Republican | Yea |
| Chapin Rose | Republican | Nay |
| Chris Miller | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 24 | 23 | 0 | 4 |
| Democrat | 7 | 0 | 0 | 0 |
| Republican | 0 | 0 | 0 | 1 |
| Total | 31 | 23 | 0 | 5 |
| % of votes cast | 53% | 39% | 0% | 8% |
How each member voted (59)
| Member | Party | Vote |
|---|---|---|
| Sandoval | — | Yea |
| Luechtefeld | — | Not Voting |
| Maloney | — | Yea |
| Althoff | — | Nay |
| Martinez | — | Yea |
| Bomke | — | Nay |
| Burzynski | — | Nay |
| Haine | — | Yea |
| Halvorson | — | Yea |
| Munoz | — | Yea |
| Lauzen | — | Nay |
| Link | — | Yea |
| Meeks | — | Yea |
| Jacobs | — | Yea |
| Obama | — | Yea |
| Cullerton | — | Yea |
| Peterson | — | Nay |
| Demuzio | — | Yea |
| Philip | — | Nay |
| Schoenberg | — | Yea |
| Brady | — | Nay |
| Sullivan, J. | — | Nay |
| Petka | — | Nay |
| Shadid | — | Yea |
| Jones, J. | — | Nay |
| Sieben | — | Nay |
| Jones, W. | — | Nay |
| Watson | — | Nay |
| Silverstein | — | Yea |
| Trotter | — | Yea |
| Sullivan, D. | — | Not Voting |
| Viverito | — | Yea |
| Winkel | — | Nay |
| Wojcik | — | Nay |
| Woolard | — | Yea |
| Clayborne | — | Yea |
| Cronin | — | Nay |
| Crotty | — | Yea |
| DeLeo | — | Yea |
| Dillard | — | Nay |
| Garrett | — | Not Voting |
| Geo-Karis | — | Not Voting |
| Hendon | — | Yea |
| Radogno | — | Nay |
| Rauschenberger | — | Nay |
| Righter | — | Nay |
| Risinger | — | Nay |
| Ronen | — | Yea |
| Roskam | — | Nay |
| Rutherford | — | Nay |
| del Valle | — | Yea |
| Don Harmon | Democrat | Yea |
| Emanuel "Chris" Welch | Democrat | Yea |
| Emil Jones, III | Democrat | Yea |
| Kimberly A. Lightford | Democrat | Yea |
| Lakesia Collins | Democrat | Yea |
| Lawrence "Larry" Walsh, Jr. | Democrat | Yea |
| Mattie Hunter | Democrat | Yea |
| Dave Syverson | Republican | Not Voting |
Subjects
Frequently asked questions
- What does SB 1601 do?
- Amends the General Obligation Bond Act. Makes a technical change in a Section concerning execution of bonds.
- Who sponsors SB 1601?
- SB 1601 is sponsored by John J. Cullerton.
- What is the current status of SB 1601?
- This bill has been enacted into law. Introduced February 20, 2003. Enacted.
- Where can I track SB 1601?
- Track SB 1601 free on One Click Politics — get push/email alerts when it moves.
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