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HB 2660 — GO BONDS-TECH
Last action — Public Act . . . . . . . . . 93-0002
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed House
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 21, 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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2 sponsors
0 primary, 2 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 D).
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Cleared a recorded vote
Passed 2 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 technical changes in a Section concerning the short title of the Act.
Bill Text
What changed in the latest version
27 added · 27 removedPlain-language change summary
The recent changes to Bill HB 2660 involve replacing the term "Engrossed" with "Enrolled" throughout the document. This shift indicates that the bill has passed all required legislative steps and is now in its final form, ready for signature into law. This matters because it signifies the bill is moving forward in the legislative process, potentially impacting policy and regulations as intended.
HB2660 EngrossedEnrolled LRB093 04138 RCE 04181 b AN ACT concerning bonds.
_f______________________B_____________________h_____________ HB2660 EngrossedEnrolled -2- LRB093 04138 RCE 04181 b _____i_____________________0______________________m_____________ _____e_____________________l______________________y_____________ _____c__________ The issuance and sale of Bonds pursuant to the General Obligation Bond Act is an economical and efficient method of financing the capital and general operating needs of the State.
revised 10-8-02.) (30 ILCS 330/7.2 new) _e_____________________n__________ _a_____________________,______________________r_____________ _______f____________________o_____________________i_____________ _____n_____________________e______________________s_____________ _____o_____________________i______________________n_____________ _____y_____________________s______________________h_____________ _____e_____________________e______________________;_____________ _____r_____________________s______________________e_____________ _____l_____________________a_______________________S_______ _b_____________________t______________________r_____________ _____a_____________________T_________ _h_____________________a______________________,_____________ _____r_____________________d______________________9_____________ _____b______________________a_____________________d_____________ _____e_____________________y______________________z_____________ _____n_______________________O____________________t_____________ _____e______________________d_____________________r_____________ _____s_____________________s______________________o_____________ HB2660 EngrossedEnrolled -3- LRB093 04138 RCE 04181 b _____i______________________a_____________________e_______ _c______________________B_____________________e_____________ _____e_____________________u______________________r_____________ _____f_____________________b______________________$_____________ _____s_____________________d______________________n_____________ _____n_____________________s______________________r_____________ _____l________________________t___________________,_____________ _____s_____________________r______________________i_____________ _____n_____________________e______________________e_________ _p_____________________f_______________________t____________ _____i______________________C_____________________a_____________ _____i_____________________u______________________m_____________ _____i_____________________e____________________ _h_____________________f______________________i_____________ _______f____________________i_____________________h_____________ _____e_____________________m______________________r_____________ ______a____________________n_______________________C____________ _____t_____________________e______________________q_____________ _____t_____________________o______________________e_____________ _____e______________________t_____________________d_____________ _____t_____________________2______________________q_____________ _____i_____________________s______________________s_____________ _____r_____________________e______________________o_____________ _____f_____________________y______________________i_____________ _____t_____________________r___________ _d_____________________i_______________________C____________ ______o____________________t______________________a_____________ _____c_____________________e______________________h_____________ _____e_____________________e______________________i_____________ _____i_____________________t______________________i_____________ _____n_____________________s_______________________a____________ _____o_____________________d______________________t_____________ ______a______________________s____________________f_____________ _____r_____________________c______________________m_____________ HB2660 EngrossedEnrolled -4- LRB093 04138 RCE 04181 b _____m_____________________o______________________c_____________ _____t_________________ _i_____________________n______________________c_____________ _____t______________________u_____________________a_____________ ______t____________________t______________________o_____________ _______(___________________e______________________e_____________ _____e_____________________r_________________________r__________ _____r_____________________e______________________l_____________ ______S____________________S_______________________(____________ ______a____________________e_______________________s____________ _____o___________ _p_____________________i______________________o_____________ _____c_____________________e______________________l_____________ _____C_____________________r______________________s_____________ _____o_____________________o______________________r_____________ _______d___________________m_______________________t____________ _____i______________________t___________________ (30 ILCS 330/8) (from Ch.
HB2660 EngrossedEnrolled -5- LRB093 04138 RCE 04181 b (a) Proceeds from the sale of Bonds, authorized by Section 3 of this Act, shall be deposited in the separate fund known as the Capital Development Fund.
(h) Subsequent to the issuance of any Bonds for the purposes described in Sections 2 through 8 of this Act, the Governor and the Director of the Bureau of the Budget may provide for the reallocation of unspent proceeds of such Bonds to any other purposes authorized under said Sections of HB2660 EngrossedEnrolled -6- LRB093 04138 RCE 04181 b this Act, subject to the limitations on aggregate principal amounts contained therein.
(c) Any monies received by any officer or employee of the state representing a reimbursement of expenditures HB2660 EngrossedEnrolled -7- LRB093 04138 RCE 04181 b previously paid from general obligation bond proceeds shall be deposited into the General Obligation Bond Retirement and Interest Fund authorized in Section 14 of this Act.
_____________w____________ _____a_____________________d______________________z_____________ _____n_____________________r______________________e_____________ HB2660 EngrossedEnrolled -8- LRB093 04138 RCE 04181 b _____e______________________i_____________________l_____________ _____t_____________________u______________________ 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.
The Illinois Pension Code is amended by HB2660 EngrossedEnrolled -9- LRB093 04138 RCE 04181 b changing Sections 2-124, 2-134, 14-131, 14-135.08, 15-155, 15-165, 16-158, 18-131, and 18-140 as follows:
Beginning in State fiscal year 2046, the minimum State contribution for each fiscal year shall be the amount needed HB2660 EngrossedEnrolled -10- LRB093 04138 RCE 04181 b to maintain the total assets of the System at 90% of the total actuarial liabilities of the System.
_n_____________________0______________________c_____________ _____t_____________________t______________________q_____________ _____i______________________f______________________2____________ ______a____________________a______________________c_____________ _____m_____________________)_______________________t____________ _____a_______________ (b) Beginning in State fiscal year 1996, on or as soon as possible after the 15th day of each month the Board shall HB2660 EngrossedEnrolled -11- LRB093 04138 RCE 04181 b submit vouchers for payment of State contributions to the System, in a total monthly amount of one-twelfth of the required annual State contribution certified under subsection (a).
For the purposes of this Section and Section 14-135.08, HB2660 EngrossedEnrolled -12- LRB093 04138 RCE 04181 b references to State contributions refer only to employer contributions and do not include employee contributions that are picked up or otherwise paid by the State or a department on behalf of the employee.
(d) If an employee is paid from trust funds or federal HB2660 EngrossedEnrolled -13- LRB093 04138 RCE 04181 b funds, the department or other employer shall pay employer contributions from those funds to the System at the certified rate, unless the terms of the trust or the federal-State agreement preclude the use of the funds for that purpose, in which case the required employer contributions shall be paid by the State.
except that (i) for State fiscal year 1998, for all purposes of this Code and any other law of this State, the certified percentage of the applicable employee payroll shall be 5.052% for employees earning eligible creditable service under Section 14-110 and 6.500% for all other employees, notwithstanding any contrary certification made under Section 14-135.08 before the effective date of this amendatory Act of 1997, and (ii) in the following specified State fiscal years, the State contribution to the System shall not be less than the following indicated percentages of the applicable employee payroll, even if the indicated percentage will produce a State contribution in excess of the amount HB2660 EngrossedEnrolled -14- LRB093 04138 RCE 04181 b otherwise required under this subsection and subsection (a):
HB2660 EngrossedEnrolled -15- LRB093 04138 RCE 04181 b _n_____________________0______________________c_____________ _____t_____________________r______________________n_____________ _____e_____________________r______________________t_____________ _____r_____________________e______________________h_____________ ______f____________________t_______________________t____________ _____p_____________________i______________________e_____________ _____f_____________________G______________________d______ (Source:
HB2660 EngrossedEnrolled -16- LRB093 04138 RCE 04181 b For State fiscal years 1996 through 2010, the State contribution to the System, as a percentage of the applicable employee payroll, shall be increased in equal annual increments so that by State fiscal year 2011, the State is contributing at the rate required under this Section.
The local auxiliary funds, income funds, and service enterprise funds of universities shall not be considered trust funds for the purpose of this Article, but funds of alumni HB2660 EngrossedEnrolled -17- LRB093 04138 RCE 04181 b associations, foundations, and athletic associations which are affiliated with the universities included as employers under this Article and other employers which do not receive State appropriations are considered to be trust funds for the purpose of this Article.
(d) Beginning in State fiscal year 1996, the required State contributions to the System shall be appropriated directly to the System and shall be payable through vouchers HB2660 EngrossedEnrolled -18- LRB093 04138 RCE 04181 b issued in accordance with subsection (c) of Section 15-165.
(c) Beginning in State fiscal year 1996, on or as soon as possible after the 15th day of each month the Board shall HB2660 EngrossedEnrolled -19- LRB093 04138 RCE 04181 b submit vouchers for payment of State contributions to the System, in a total monthly amount of one-twelfth of the required annual State contribution certified under subsection (a).
(e) In the event that the System does not receive, as a result of legislative enactment or otherwise, payments sufficient to fully fund the employer contribution to the self-managed plan established under Section 15-158.2 and to fully fund that portion of the employer's portion of the normal costs of the System, as calculated in accordance with Section 15-155(a-1), then any payments received shall be applied proportionately to the optional retirement program established under Section 15-158.2 and to the employer's portion of the normal costs of the System, as calculated in HB2660 EngrossedEnrolled -20- LRB093 04138 RCE 04181 b accordance with Section 15-155(a-1).
(b-1) Beginning in State fiscal year 1996, on the 15th day of each month, or as soon thereafter as may be HB2660 EngrossedEnrolled -21- LRB093 04138 RCE 04181 b practicable, the Board shall submit vouchers for payment of State contributions to the System, in a total monthly amount of one-twelfth of the required annual State contribution certified under subsection (a-1).
For State fiscal years 1996 through 2010, the State contribution to the System, as a percentage of the applicable employee payroll, shall be increased in equal annual increments so that by State fiscal year 2011, the State is HB2660 EngrossedEnrolled -22- LRB093 04138 RCE 04181 b contributing at the rate required under this Section;
_o_____________________t_______________________S____________ _____r_____________________n______________________a_____________ _____f_____________________r_______________________t____________ _____c_____________________s______________________n_____________ _____t_____________________e______________________q_____________ _____i_____________________h________________________u___________ _____o_____________________y_______________________n____________ _____a_____________________i_______________________7____________ _____a______________________A_____________________o_____________ _____'______________________p_____________________c_____________ _____b_____________________h______________________c_____________ _____m_____________________y______________________t_____________ _____e______________________t_____________________r_____________ _____c_____________________7______________________i_____________ ____ (c) Payment of the required State contributions and of all pensions, retirement annuities, death benefits, refunds, HB2660 EngrossedEnrolled -23- LRB093 04138 RCE 04181 b and other benefits granted under or assumed by this System, and all expenses in connection with the administration and operation thereof, are obligations of the State.
(e) Beginning July 1, 1998, every employer of a teacher shall pay to the System an employer contribution computed as HB2660 EngrossedEnrolled -24- LRB093 04138 RCE 04181 b follows:
If an employer is required by a contract in effect on May 1, 1998 between the employer and an employee organization to pay, on behalf of all its full-time employees covered by this Article, all mandatory employee contributions required under this Article, then the employer shall be excused from paying the employer contribution required under this subsection (e) HB2660 EngrossedEnrolled -25- LRB093 04138 RCE 04181 b for the balance of the term of that contract.
For State fiscal years 1996 through 2010, the State contribution to the System, as a percentage of the applicable HB2660 EngrossedEnrolled -26- LRB093 04138 RCE 04181 b employee payroll, shall be increased in equal annual increments so that by State fiscal year 2011, the State is contributing at the rate required under this Section.
_n_____________________0______________________c_____________ _____t_____________________t______________________q_____________ HB2660 EngrossedEnrolled -27- LRB093 04138 RCE 04181 b _____i______________________f______________________2____________ ______a____________________a______________________c_____________ _____m_____________________)_______________________t____________ _____a_______________ (b) Beginning in State fiscal year 1996, on or as soon as possible after the 15th day of each month the Board shall submit vouchers for payment of State contributions to the System, in a total monthly amount of one-twelfth of the required annual State contribution certified under subsection (a).
Action History
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Public Act . . . . . . . . . 93-0002
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Effective Date April 7, 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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Third Reading - Passed; 037-016-005
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3/5 Vote Required
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Added as Alternate Co-Sponsor Sen. Mattie Hunter
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Placed on Calendar - Consideration Postponed April 3, 2003
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Third Reading - Consideration Postponed
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Placed on Calendar Order of 3rd Reading April 2, 2003
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Second Reading
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Added as Alternate Chief Co-Sponsor Sen. Don Harmon
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Placed on Calendar Order of 2nd Reading April 2, 2003
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Do Pass Executive; 008-000-005
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Assigned to Executive
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Referred to Rules
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First Reading
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Added as Alternate Chief Co-Sponsor Sen. Patrick Welch
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Added as Alternate Chief Co-Sponsor Sen. Donne E. Trotter
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Chief Senate Sponsor Sen. Emil Jones, Jr.
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Placed on Calendar Order of First Reading
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Arrive in Senate
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Third Reading - Short Debate - Passed 079-018-018
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3/5 Vote Required
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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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Recalled to Second Reading - Short Debate
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Added Chief Co-Sponsor Rep. Kenneth Dunkin
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Housing Affordability Impact Note Filed as amended by House Amendment No. 1
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State Debt Impact Note Filed as amended by House Amendment No. 1
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Pension Note Filed as amended by House Amendment No. 1
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Correctional Note Filed as amended by House Amendment No. 1
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Land Conveyance Appraisal Note Filed as amended by House Amendment No. 1
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Home Rule Note Filed as amended by House Amendment No. 1
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State Mandates Fiscal Note Filed as amended by House Amendment No. 1
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Judicial Note Filed as amended by House Amendment No. 1
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Balanced Budget Note Filed as amended by House Amendment No. 1
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Fiscal Note Filed as amended by House Amendment No. 1
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House Floor Amendment No. 1 Recommends Be Adopted Revenue Committee; 009-000-000
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House Floor Amendment No. 1 Rules Refers to Revenue Committee
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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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House Floor Amendment No. 1 Referred to Rules Committee
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House Floor Amendment No. 1 Filed with Clerk by Rep. Gary Hannig
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Placed on Calendar 2nd Reading - Short Debate
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Do Pass / Short Debate Executive Committee; 010-000-000
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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 Co-Sponsor Rep. Gary Hannig
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Filed with the Clerk by Rep. Michael J. Madigan
Sponsors
- Michael J. Madigan · Cosponsor
- Mattie Hunter · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 2 co-sponsors · 181 not signed on · 2 voted No
Sponsors (0)
None.
Co-sponsors (2)
- Michael J. Madigan
- Mattie Hunter Democrat
Not signed on (181)
181 members have not signed on to this bill.
Show all 181 →"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 | 30 | 15 | 0 | 6 |
| Democrat | 7 | 0 | 0 | 0 |
| Republican | 0 | 1 | 0 | 0 |
| Total | 37 | 16 | 0 | 6 |
| % of votes cast | 63% | 27% | 0% | 10% |
How each member voted (59)
| Member | Party | Vote |
|---|---|---|
| Sandoval | — | Yea |
| Silverstein | — | Yea |
| Luechtefeld | — | Nay |
| Althoff | — | Not Voting |
| Martinez | — | Yea |
| Bomke | — | Yea |
| Burzynski | — | Nay |
| Haine | — | Yea |
| Halvorson | — | Yea |
| Obama | — | Yea |
| Munoz | — | Yea |
| Lauzen | — | Nay |
| Link | — | Yea |
| Sullivan, D. | — | Yea |
| Maloney | — | Yea |
| Sullivan, J. | — | Yea |
| Meeks | — | Yea |
| Jacobs | — | Yea |
| Cullerton | — | Yea |
| Demuzio | — | Yea |
| Schoenberg | — | Yea |
| Brady | — | Nay |
| Petka | — | Nay |
| Shadid | — | Yea |
| Jones, J. | — | Nay |
| Sieben | — | Nay |
| Jones, W. | — | Nay |
| Watson | — | Nay |
| Trotter | — | Yea |
| Viverito | — | Yea |
| Winkel | — | Yea |
| Wojcik | — | Not Voting |
| Clayborne | — | Yea |
| Cronin | — | Nay |
| Crotty | — | Yea |
| DeLeo | — | Yea |
| Dillard | — | Yea |
| Garrett | — | Yea |
| Geo-Karis | — | Not Voting |
| Hendon | — | Yea |
| Woolard | — | Yea |
| Peterson | — | Nay |
| Philip | — | Not Voting |
| Radogno | — | Not Voting |
| Rauschenberger | — | Nay |
| Righter | — | Nay |
| Risinger | — | Not Voting |
| 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 | Nay |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 69 | 17 | 0 | 20 |
| Democrat | 9 | 0 | 0 | 0 |
| Republican | 1 | 1 | 0 | 1 |
| Total | 79 | 18 | 0 | 21 |
| % of votes cast | 67% | 15% | 0% | 18% |
How each member voted (118)
| Member | Party | Vote |
|---|---|---|
| Saviano | — | Yea |
| Schmitz | — | Not Voting |
| Scully | — | Yea |
| Slone | — | Yea |
| Sommer | — | Nay |
| Soto | — | Yea |
| Acevedo | — | Yea |
| Aguilar | — | Yea |
| Bassi | — | Not Voting |
| Mathias | — | Not Voting |
| Beaubien | — | Yea |
| Bellock | — | Not Voting |
| Berrios | — | Yea |
| Mautino | — | Yea |
| Biggins | — | Yea |
| Black | — | Nay |
| Boland | — | Yea |
| May | — | Yea |
| Bost | — | Nay |
| Brauer | — | Not Voting |
| Brosnahan | — | Yea |
| Brunsvold | — | Yea |
| Capparelli | — | Yea |
| McAuliffe | — | Yea |
| Moffitt | — | Not Voting |
| Munson | — | Not Voting |
| Granberg | — | Yea |
| Hamos | — | Not Voting |
| Hassert | — | Yea |
| Jakobsson | — | Yea |
| Jefferson | — | Yea |
| Novak | — | Yea |
| Osterman | — | Yea |
| Pankau | — | Yea |
| Lang | — | Yea |
| McCarthy | — | Yea |
| Mendoza | — | Yea |
| Millner | — | Yea |
| Bailey | — | Yea |
| Lyons, Eileen | — | Yea |
| Lyons, Joseph | — | Yea |
| Reitz | — | Yea |
| Pihos | — | Yea |
| McGuire | — | Yea |
| Bradley, Richard | — | Yea |
| Brady | — | Yea |
| Hannig | — | Yea |
| Dunkin | — | Yea |
| Dunn | — | Yea |
| Flider | — | Yea |
| Flowers | — | Yea |
| Forby | — | Yea |
| Franks | — | Yea |
| Fritchey | — | Yea |
| Giles | — | Yea |
| Graham | — | Yea |
| Krause | — | Yea |
| Burke | — | Yea |
| Kurtz | — | Nay |
| Leitch | — | Nay |
| Sullivan | — | Yea |
| Lindner | — | Not Voting |
| Madigan | — | Yea |
| McKeon | — | Nay |
| Howard | — | Yea |
| Meyer | — | Nay |
| Molaro | — | Yea |
| Jones | — | Yea |
| Morrow | — | Yea |
| Davis, Monique | — | Yea |
| Davis, Steve | — | Yea |
| Mulligan | — | Not Voting |
| Myers | — | Not Voting |
| Nekritz | — | Yea |
| O'Brien | — | Yea |
| Osmond | — | Nay |
| Watson | — | Nay |
| Parke | — | Nay |
| Poe | — | Not Voting |
| Tenhouse | — | Nay |
| Turner | — | Yea |
| Wait | — | Not Voting |
| Mitchell, Bill | — | Not Voting |
| Washington | — | Yea |
| Winters | — | Nay |
| Wirsing | — | Not Voting |
| Mitchell, Jerry | — | Not Voting |
| Yarbrough | — | Yea |
| Churchill | — | Nay |
| Colvin | — | Yea |
| Coulson | — | Not Voting |
| Cross | — | Yea |
| Cultra | — | Nay |
| Currie | — | Yea |
| Daniels | — | Not Voting |
| Eddy | — | Nay |
| Froehlich | — | Not Voting |
| Hartke | — | Yea |
| Holbrook | — | Yea |
| Hultgren | — | Nay |
| Kosel | — | Nay |
| Younge | — | Yea |
| Phelps | — | Yea |
| Ryg | — | Yea |
| Sacia | — | Not Voting |
| 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 | Nay |
| Chapin Rose | Republican | Not Voting |
| Chris Miller | Republican | Yea |
Subjects
Frequently asked questions
- What does HB 2660 do?
- Amends the General Obligation Bond Act. Makes technical changes in a Section concerning the short title of the Act.
- Who sponsors HB 2660?
- HB 2660 is sponsored by Michael J. Madigan and Mattie Hunter (Democrat).
- What is the current status of HB 2660?
- This bill has been enacted into law. Introduced February 21, 2003. Enacted.
- Where can I track HB 2660?
- Track HB 2660 free on One Click Politics — get push/email alerts when it moves.
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