Illinois 93rd Regular Session Status: In Committee 1 D cosponsors

SB 2131 — ILLINOIS TRANSMISSION AUTHORIT

Last action — Session Sine Die

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

This bill died with 93rd Regular Session. It reached “In Committee” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

Creates the Illinois Transmission Authority Act. Creates the Illinois Transmission Authority as a political subdivision, body politic, and municipal corporation, the governing and administrative powers of which shall be vested in its Board of Directors. Provides that the Board of Directors shall be appointed by the Governor with the advice and consent of the Senate. Grants the Authority the continuing power to issue revenue bonds, notes, or other evidence of indebtedness in an aggregate amount not to exceed $500,000,000 for the purpose of developing, constructing, acquiring, improving, or maintaining transmission projects and for acquiring, improving, and maintaining any property in connection therewith. Provides that the revenue bonds, notes, or other evidences of indebtedness shall be payable solely from the revenues or income to be derived from the lease or sale of rights by the Authority to third persons to maintain, operate, and use the electric transmission provided by the transmission projects pursuant to transmission agreements or from any lease, sale, or other disposition of the transmission projects. Provides that the Authority may acquire in its own name, by gift, purchase, eminent domain, immediate vesting of title, or otherwise real or personal property that is necessary or convenient to carry out its corporate purposes. Provides that the Authority shall annually submit a report of its finances to the Auditor General and a report of its activities to the Governor and General Assembly. Provides that all property owned by the Authority that is located in the State of Illinois is exempt from taxation under the laws of the State of Illinois to the extent such property is used for the public purpose of developing transmission projects.

Bill Text

Action History

  1. Session Sine Die

  2. Chief Sponsor Changed to Sen. Emil Jones, Jr.

  3. Referred to Rules

  4. First Reading

  5. Chief Co-Sponsor Sen. William R. Haine

  6. Chief Co-Sponsor Sen. Kirk W. Dillard

  7. Chief Co-Sponsor Sen. Dave Sullivan

  8. Chief Co-Sponsor Sen. James A. DeLeo

  9. Filed with Secretary by Sen. Vince Demuzio

Sponsors

Sponsorship breakdown

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

Sponsors (0)

None.

Co-sponsors (1)

Not signed on (182)

182 members have not signed on to this bill.

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"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

Subjects

taxation transportation energy
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Frequently asked questions

What does SB 2131 do?
Creates the Illinois Transmission Authority Act. Creates the Illinois Transmission Authority as a political subdivision, body politic, and municipal corporation, the governing and administrative powers of which shall be vested in its Board of Directors. Provides that the Board of Directors shall be appointed by the Governor with the advice and consent of the Senate. Grants the Authority the continuing power to issue revenue bonds, notes, or other evidence of indebtedness in an aggregate amount not to exceed $500,000,000 for the purpose of developing, constructing, acquiring, improving, or maintaining transmission projects and for acquiring, improving, and maintaining any property in connection therewith. Provides that the revenue bonds, notes, or other evidences of indebtedness shall be payable solely from the revenues or income to be derived from the lease or sale of rights by the Authority to third persons to maintain, operate, and use the electric transmission provided by the transmission projects pursuant to transmission agreements or from any lease, sale, or other disposition of the transmission projects. Provides that the Authority may acquire in its own name, by gift, purchase, eminent domain, immediate vesting of title, or otherwise real or personal property that is necessary or convenient to carry out its corporate purposes. Provides that the Authority shall annually submit a report of its finances to the Auditor General and a report of its activities to the Governor and General Assembly. Provides that all property owned by the Authority that is located in the State of Illinois is exempt from taxation under the laws of the State of Illinois to the extent such property is used for the public purpose of developing transmission projects.
Who sponsors SB 2131?
SB 2131 is sponsored by Emil Jones, III (Democrat).
What is the current status of SB 2131?
This bill died with 93rd Regular Session. It reached “In Committee” 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 2131?
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Last checked for changes 3 months ago · updated continuously

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