Illinois 94th Regular Session Status: Passed Senate 1 D cosponsors

SB 2071 — BOND INSURANCE CONTRACTS

Last action — Session Sine Die

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

This bill died with 94th 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 Illinois Procurement Code. Provides that a contract for bond insurance relating to housing may be entered into for any period of time less than or equal to the maximum period of time that the subject bonds may remain outstanding. Effective immediately.

Bill Text

What changed in the latest version

14 added · 28 removed

Plain-language change summary

The recent changes to Bill SB 2071 clarify that contracts for bond insurance related to housing can be established for a duration that does not exceed the life of the bonds themselves. Additionally, it introduces a provision stating that these contracts can be canceled if the state legislature does not allocate necessary funds in a given year. This matters because it ensures that the state can manage its financial commitments more flexibly and safeguard against budget shortfalls.

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*LRB09411391MKM42274b* SB2071 94TH GENERAL ASSEMBLY State of Illinois and 2006 SB2071 Introduced 2/25/2005, by Sen.
SB2071 Engrossed LRB094 11391 MKM 42274 b AN ACT concerning finance.
Don Harmon SYNOPSIS AS INTRODUCED:
ILCS 500/20-60 Amends the Illinois Procurement Code.
Provides that a contract for bond insurance relating to housing may be entered into for any period of time less than or equal to the maximum period of time that the subject bonds may remain outstanding.
Effective immediately.
LRB094 11391 MKM 42274 b A BILL FOR SB2071 LRB094 11391 MKM 42274 b AN ACT concerning finance.
A contract for bond insurance related to housing, however, may be entered into for any period of time less than or equal to the maximum period of time that the subject bonds may remain outstanding.
A contract for bond or mortgage insurance related to housing, however, may be entered into for any period of time less than or equal to the maximum period of time that the subject bonds or mortgage may remain outstanding.
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Action History

  1. Session Sine Die

  2. Added Alternate Chief Co-Sponsor Rep. Arthur L. Turner

  3. Added Alternate Chief Co-Sponsor Rep. David E. Miller

  4. Alternate Chief Sponsor Changed to Rep. Angelo Saviano

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

  6. Assigned to Executive Committee

  7. Referred to Rules Committee

  8. First Reading

  9. Chief House Sponsor Rep. David E. Miller

  10. Placed on Calendar Order of First Reading

  11. Arrived in House

  12. Third Reading - Passed; 058-000-000

  13. Placed on Calendar Order of 3rd Reading

  14. Senate Floor Amendment No. 1 Adopted; Harmon

  15. Recalled to Second Reading

  16. Senate Floor Amendment No. 1 Be Adopted Housing & Community Affairs; 009-000-000

  17. Senate Floor Amendment No. 1 Rules Refers to Housing & Community Affairs

  18. Placed on Calendar Order of 3rd Reading April 12, 2005

  19. Second Reading

  20. Senate Floor Amendment No. 1 Referred to Rules

  21. Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon

  22. Placed on Calendar Order of 2nd Reading March 10, 2005

  23. Do Pass Housing & Community Affairs; 010-000-000

  24. Assigned to Housing & Community Affairs

  25. Referred to Rules

  26. First Reading

  27. Filed with Secretary by Sen. Don Harmon

Sponsors

Sponsorship breakdown

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

Sponsors (0)

None.

Co-sponsors (1)

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

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

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

Votes

Third Reading

Passed 58 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 52001
Democrat 5000
Republican 1000
Total 58001
% of votes cast 98%0%0%2%
How each member voted (59)
Member Party Vote
Sandoval — Yea
Sieben — Yea
Althoff — Yea
Martinez — Yea
Bomke — Yea
Burzynski — Yea
Clayborne — Yea
Cronin — Yea
DeLeo — Yea
Garrett — Yea
Halvorson — Yea
Meeks — Yea
Schoenberg — Yea
Shadid — Yea
Munoz — Yea
Geo-Karis — Yea
Haine — Yea
Brady — Yea
Lauzen — Yea
Sullivan, D. — Yea
Link — Yea
Sullivan, J. — Yea
Luechtefeld — Yea
Maloney — Yea
Jacobs — Yea
Jones, J. — Yea
Cullerton — Yea
Watson — Yea
Jones, W. — Yea
Radogno — Yea
Demuzio — Yea
Silverstein — Yea
Petka — Not Voting
Trotter — Yea
Viverito — Yea
Wilhelmi — Yea
Winkel — Yea
Crotty — Yea
Dahl — Yea
Dillard — Yea
Forby — Yea
Hendon — Yea
Wojcik — Yea
Pankau — Yea
Peterson — Yea
Raoul — Yea
Rauschenberger — Yea
Righter — Yea
Risinger — Yea
Ronen — Yea
Roskam — Yea
Rutherford — Yea
del Valle — Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Yea

Official roll call →

Subjects

finance housing
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 2071 do?
Amends the Illinois Procurement Code. Provides that a contract for bond insurance relating to housing may be entered into for any period of time less than or equal to the maximum period of time that the subject bonds may remain outstanding. Effective immediately.
Who sponsors SB 2071?
SB 2071 is sponsored by Don Harmon (Democrat).
What is the current status of SB 2071?
This bill died with 94th 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 2071?
Track SB 2071 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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