Illinois 95th Regular Session Status: Enacted

SB 66 — ILLINOIS FINANCE-LOANS-BONDS

Last action — Public Act . . . . . . . . . 95-0470

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

This bill has been enacted into law. Introduced January 31, 2007. Enacted.

Prognosis

Likely to advance 72% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    0 primary, 2 co-sponsors signed on.

  • 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 Illinois Finance Authority Act. Provides that all official acts of the Authority require the approval of a majority of the members then holding office (instead of 8 members). Provides that a majority of the members of the Authority holding office constitutes a quorum (instead of 8 members). Provides that the Authority may enter into agreements with respect to its bond payment obligations. Provides that any pledge of revenues or other moneys made by the Authority shall be binding from the time the pledge is made, and that revenues and other moneys pledged shall be held outside of the State treasury and shall be subject to certain liens. Provides that "clean coal and energy projects" includes new gasification facilities. Provides that moneys in the Fire Truck Revolving Loan Fund and the Ambulance Revolving Loan Fund may also be used to reimburse the Authority for reasonable expenses incurred in connection with administering the loan programs, including reimbursement for time spent by Authority staff. Makes other changes. Effective immediately.

Bill Text

What changed in the latest version

22 added · 22 removed

Plain-language change summary

The bill SB 66 has undergone a significant change where it has moved from its earlier engrossed version to an enrolled version. This transition means the bill has finished the legislative process and is ready for final approval or signature into law. The amendments may not have changed the actual content of the bill but signify its completion and readiness for implementation, which is an important step in the legislative process.

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Latest
SB0066 Engrossed LRB095 04920 HLH 24986 b AN ACT concerning finance.
SB0066 Enrolled LRB095 04920 HLH 24986 b AN ACT concerning finance.
(b) The Authority shall have power to procure and enter into contracts for any type of insurance and indemnity SB0066 Engrossed - 2 - LRB095 04920 HLH 24986 b agreements covering loss or damage to property from any cause, including loss of use and occupancy, or covering any other insurable risk.
(b) The Authority shall have power to procure and enter into contracts for any type of insurance and indemnity SB0066 Enrolled - 2 - LRB095 04920 HLH 24986 b agreements covering loss or damage to property from any cause, including loss of use and occupancy, or covering any other insurable risk.
The bonds may bear interest payable at any time or times and at any rate or rates, notwithstanding any other provision of law to the contrary, and such rate or rates may be established by an index or formula which may be implemented or established by persons appointed or retained therefor by the Authority, or may bear no interest or may bear interest payable at maturity or upon redemption prior to maturity, may bear such date or dates, may be payable at such time or times and at such place or places, may mature at any time or times not later than 40 years from the date of issuance, may be sold at public or private sale at such time or times and at such price or prices, may be secured by such pledges, reserves, guarantees, letters of credit, insurance contracts or other similar credit support SB0066 Engrossed - 3 - LRB095 04920 HLH 24986 b or liquidity instruments, may be executed in such manner, may be subject to redemption prior to maturity, may provide for the registration of the bonds, and may be subject to such other terms and conditions all as may be provided by the resolution or indenture authorizing the issuance of such bonds.
The bonds may bear interest payable at any time or times and at any rate or rates, notwithstanding any other provision of law to the contrary, and such rate or rates may be established by an index or formula which may be implemented or established by persons appointed or retained therefor by the Authority, or may bear no interest or may bear interest payable at maturity or upon redemption prior to maturity, may bear such date or dates, may be payable at such time or times and at such place or places, may mature at any time or times not later than 40 years from the date of issuance, may be sold at public or private sale at such time or times and at such price or prices, may be secured by such pledges, reserves, guarantees, letters of credit, insurance contracts or other similar credit support SB0066 Enrolled - 3 - LRB095 04920 HLH 24986 b or liquidity instruments, may be executed in such manner, may be subject to redemption prior to maturity, may provide for the registration of the bonds, and may be subject to such other terms and conditions all as may be provided by the resolution or indenture authorizing the issuance of such bonds.
The bonds may be secured as provided in the authorizing resolution by the receipts, revenues, income and other available funds of the Authority and by any amounts derived by the Authority from the loan agreement SB0066 Engrossed - 4 - LRB095 04920 HLH 24986 b or lease agreement with respect to the project or projects;
The bonds may be secured as provided in the authorizing resolution by the receipts, revenues, income and other available funds of the Authority and by any amounts derived by the Authority from the loan agreement SB0066 Enrolled - 4 - LRB095 04920 HLH 24986 b or lease agreement with respect to the project or projects;
A remedy for any breach or default of the terms of any such agreement by the Authority may be by mandamus proceedings in any court of competent jurisdiction to compel the performance and SB0066 Engrossed - 5 - LRB095 04920 HLH 24986 b compliance therewith, but the agreement may prescribe by whom or on whose behalf such action may be instituted.
A remedy for any breach or default of the terms of any such agreement by the Authority may be by mandamus proceedings in any court of competent jurisdiction to compel the performance and SB0066 Enrolled - 5 - LRB095 04920 HLH 24986 b compliance therewith, but the agreement may prescribe by whom or on whose behalf such action may be instituted.
(f) The Authority shall have power to develop, construct and improve either under its own direction, or through collaboration with any approved applicant, or to acquire through purchase or otherwise, any project, using for such SB0066 Engrossed - 6 - LRB095 04920 HLH 24986 b purpose the proceeds derived from the sale of its bonds or from governmental loans or grants, and to hold title in the name of the Authority to such projects.
(f) The Authority shall have power to develop, construct and improve either under its own direction, or through collaboration with any approved applicant, or to acquire through purchase or otherwise, any project, using for such SB0066 Enrolled - 6 - LRB095 04920 HLH 24986 b purpose the proceeds derived from the sale of its bonds or from governmental loans or grants, and to hold title in the name of the Authority to such projects.
(2) a reasonable percentage additive to be agreed upon by the Authority and the borrower or tenant to cover a properly allocable portion of the Authority’s general expenses, including, but not limited to, administrative expenses, SB0066 Engrossed - 7 - LRB095 04920 HLH 24986 b salaries and general insurance, and (3) an amount sufficient to pay when due all principal of, interest and premium, if any on, any bonds issued by the Authority with respect to the project.
(2) a reasonable percentage additive to be agreed upon by the Authority and the borrower or tenant to cover a properly allocable portion of the Authority’s general expenses, including, but not limited to, administrative expenses, SB0066 Enrolled - 7 - LRB095 04920 HLH 24986 b salaries and general insurance, and (3) an amount sufficient to pay when due all principal of, interest and premium, if any on, any bonds issued by the Authority with respect to the project.
SB0066 Engrossed - 8 - LRB095 04920 HLH 24986 b (i) The Authority shall have the power to make loans to persons to finance a project, to enter into loan agreements with respect thereto, and to accept guarantees from persons of its loans or the resultant evidences of obligations of the Authority.
SB0066 Enrolled - 8 - LRB095 04920 HLH 24986 b (i) The Authority shall have the power to make loans to persons to finance a project, to enter into loan agreements with respect thereto, and to accept guarantees from persons of its loans or the resultant evidences of obligations of the Authority.
The Authority may require such financial SB0066 Engrossed - 9 - LRB095 04920 HLH 24986 b information from participating local governments as it deems necessary in order to carry out the purposes of this subsection (1).
The Authority may require such financial SB0066 Enrolled - 9 - LRB095 04920 HLH 24986 b information from participating local governments as it deems necessary in order to carry out the purposes of this subsection (1).
The Authority shall monitor the use of the grants, and shall provide for audits of the funds as well as recovery SB0066 Engrossed - 10 - LRB095 04920 HLH 24986 b by the Authority of any funds determined to have been spent in violation of this subsection (n) or any rule or regulation promulgated hereunder.
The Authority shall monitor the use of the grants, and shall provide for audits of the funds as well as recovery SB0066 Enrolled - 10 - LRB095 04920 HLH 24986 b by the Authority of any funds determined to have been spent in violation of this subsection (n) or any rule or regulation promulgated hereunder.
SB0066 Engrossed - 11 - LRB095 04920 HLH 24986 b (p) The Authority may award grants to universities and research institutions, research consortiums and other not-for-profit entities for the purposes of:
SB0066 Enrolled - 11 - LRB095 04920 HLH 24986 b (p) The Authority may award grants to universities and research institutions, research consortiums and other not-for-profit entities for the purposes of:
SB0066 Engrossed - 12 - LRB095 04920 HLH 24986 b The Authority shall have the power to use any appropriations from the State made especially for the Authority’s Direct Loan Program for additional capital to make such loans or for the purposes of reserve funds or pledged funds which secure the Authority’s obligations of repayment of any bond, note or other form of indebtedness established for the purpose of providing capital for which it intends to make such loans under the Direct Loan Program.
SB0066 Enrolled - 12 - LRB095 04920 HLH 24986 b The Authority shall have the power to use any appropriations from the State made especially for the Authority’s Direct Loan Program for additional capital to make such loans or for the purposes of reserve funds or pledged funds which secure the Authority’s obligations of repayment of any bond, note or other form of indebtedness established for the purpose of providing capital for which it intends to make such loans under the Direct Loan Program.
The Authority may establish and collect such fees and charges, determine and enforce such terms and conditions, and charge such interest rates as it determines to be necessary and appropriate to the successful administration of the Direct SB0066 Engrossed - 13 - LRB095 04920 HLH 24986 b Loan Program.
The Authority may establish and collect such fees and charges, determine and enforce such terms and conditions, and charge such interest rates as it determines to be necessary and appropriate to the successful administration of the Direct SB0066 Enrolled - 13 - LRB095 04920 HLH 24986 b Loan Program.
The Authority shall SB0066 Engrossed - 14 - LRB095 04920 HLH 24986 b have the power, subject to appropriations by the General Assembly, to subsidize or buy down a portion of the interest on such loans, up to 4% per annum.
The Authority shall SB0066 Enrolled - 14 - LRB095 04920 HLH 24986 b have the power, subject to appropriations by the General Assembly, to subsidize or buy down a portion of the interest on such loans, up to 4% per annum.
In the event of a withdrawal of moneys from a reserve fund established with respect to any issue or issues of bonds of the Authority to pay principal or interest on those bonds, the Chairperson of the Authority, as soon as practicable, shall certify to the Governor the amount required to restore the reserve fund to the level required in the resolution or SB0066 Engrossed - 15 - LRB095 04920 HLH 24986 b indenture securing those bonds.
In the event of a withdrawal of moneys from a reserve fund established with respect to any issue or issues of bonds of the Authority to pay principal or interest on those bonds, the Chairperson of the Authority, as soon as practicable, shall certify to the Governor the amount required to restore the reserve fund to the level required in the resolution or SB0066 Enrolled - 15 - LRB095 04920 HLH 24986 b indenture securing those bonds.
provided that any such agreement or contract shall not constitute an obligation for borrowed money and shall not be taken into account under Section 845-5 of this Act or any other debt limit of the Authority or the State of SB0066 Engrossed - 16 - LRB095 04920 HLH 24986 b Illinois.
provided that any such agreement or contract shall not constitute an obligation for borrowed money and shall not be taken into account under Section 845-5 of this Act or any other debt limit of the Authority or the State of SB0066 Enrolled - 16 - LRB095 04920 HLH 24986 b Illinois.
The State pledges and agrees with the holders of bonds or other obligations of the Authority that the State will not limit or restrict the rights hereby vested in the Authority to purchase, acquire, hold, sell, or dispose of investments or to establish and collect such fees or other charges as may be convenient or necessary to produce sufficient revenues to meet the expenses of operation to the SB0066 Engrossed - 17 - LRB095 04920 HLH 24986 b Authority, and to fulfill the terms of any agreement made with the holders of the bonds or other obligations of the Authority or in any way impair the rights or remedies of the holders of those bonds or other obligations of the Authority until such bonds or other obligations are fully paid and discharged or provision for their payment has been made.
The State pledges and agrees with the holders of bonds or other obligations of the Authority that the State will not limit or restrict the rights hereby vested in the Authority to purchase, acquire, hold, sell, or dispose of investments or to establish and collect such fees or other charges as may be convenient or necessary to produce sufficient revenues to meet the expenses of operation to the SB0066 Enrolled - 17 - LRB095 04920 HLH 24986 b Authority, and to fulfill the terms of any agreement made with the holders of the bonds or other obligations of the Authority or in any way impair the rights or remedies of the holders of those bonds or other obligations of the Authority until such bonds or other obligations are fully paid and discharged or provision for their payment has been made.
"Clean Coal and Energy projects" means new electric generating facilities or new gasification facilities, as defined in Section 605-332 of the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois, which may include mine-mouth power plants, projects that employ the use of clean coal technology, projects to provide scrubber technology for existing energy generating SB0066 Engrossed - 18 - LRB095 04920 HLH 24986 b plants, or projects to provide electric transmission facilities or new gasification facilities.
"Clean Coal and Energy projects" means new electric generating facilities or new gasification facilities, as defined in Section 605-332 of the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois, which may include mine-mouth power plants, projects that employ the use of clean coal technology, projects to provide scrubber technology for existing energy generating SB0066 Enrolled - 18 - LRB095 04920 HLH 24986 b plants, or projects to provide electric transmission facilities or new gasification facilities.
SB0066 Engrossed - 19 - LRB095 04920 HLH 24986 b (2) To provide for the funding of any reserves or other funds or accounts deemed necessary by the Authority in connection with any bonds issued by the Authority.
SB0066 Enrolled - 19 - LRB095 04920 HLH 24986 b (2) To provide for the funding of any reserves or other funds or accounts deemed necessary by the Authority in connection with any bonds issued by the Authority.
In addition to any other bonds authorized to be issued under Sections 801-40(w), 825-60, 830-25 and 845-5, the Authority may have outstanding, at any time, bonds for the purpose enumerated in this Section 825-65 in an aggregate principal amount that shall not exceed $2,700,000,000, of which SB0066 Engrossed - 20 - LRB095 04920 HLH 24986 b no more than $300,000,000 may be issued to finance transmission facilities, no more than $500,000,000 may be issued to finance scrubbers at existing generating plants, no more than $500,000,000 may be issued to finance alternative energy sources, including renewable energy projects and no more than $1,400,000,000 may be issued to finance new electric generating facilities or new gasification facilities, as defined in Section 605-332 of the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois, which may include mine-mouth power plants.
In addition to any other bonds authorized to be issued under Sections 801-40(w), 825-60, 830-25 and 845-5, the Authority may have outstanding, at any time, bonds for the purpose enumerated in this Section 825-65 in an aggregate principal amount that shall not exceed $2,700,000,000, of which SB0066 Enrolled - 20 - LRB095 04920 HLH 24986 b no more than $300,000,000 may be issued to finance transmission facilities, no more than $500,000,000 may be issued to finance scrubbers at existing generating plants, no more than $500,000,000 may be issued to finance alternative energy sources, including renewable energy projects and no more than $1,400,000,000 may be issued to finance new electric generating facilities or new gasification facilities, as defined in Section 605-332 of the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois, which may include mine-mouth power plants.
1-1-04.) SB0066 Engrossed - 21 - LRB095 04920 HLH 24986 b (20 ILCS 3501/825-75) Sec.
1-1-04.) SB0066 Enrolled - 21 - LRB095 04920 HLH 24986 b (20 ILCS 3501/825-75) Sec.
In the event of a withdrawal of moneys from a reserve fund established with respect to any issue or issues of bonds of the Authority to pay principal, premium, if any, and interest on such bonds, the Chairman of the Authority, as soon as practicable, shall certify to the SB0066 Engrossed - 22 - LRB095 04920 HLH 24986 b Governor the amount required to restore the reserve fund to the level required in the resolution or indenture securing those bonds.
In the event of a withdrawal of moneys from a reserve fund established with respect to any issue or issues of bonds of the Authority to pay principal, premium, if any, and interest on such bonds, the Chairman of the Authority, as soon as practicable, shall certify to the SB0066 Enrolled - 22 - LRB095 04920 HLH 24986 b Governor the amount required to restore the reserve fund to the level required in the resolution or indenture securing those bonds.
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Action History

  1. Public Act . . . . . . . . . 95-0470

  2. Effective Date August 27, 2007

  3. Governor Approved

  4. Sent to the Governor

  5. Passed Both Houses

  6. Third Reading - Short Debate - Passed 115-000-000

  7. Placed on Calendar Order of 3rd Reading - Short Debate

  8. Second Reading - Short Debate

  9. Added Alternate Chief Co-Sponsor Rep. Jim Sacia

  10. Placed on Calendar 2nd Reading - Short Debate

  11. Do Pass / Short Debate Executive Committee; 013-000-000

  12. Final Action Deadline Extended-9(b) May 31, 2007

  13. Committee Deadline Extended-Rule 9(b) May 25, 2007

  14. Assigned to Executive Committee

  15. Added Alternate Co-Sponsor Rep. Kurt M. Granberg

  16. Referred to Rules Committee

  17. First Reading

  18. Chief House Sponsor Rep. Dan Reitz

  19. Placed on Calendar Order of First Reading

  20. Arrived in House

  21. Senate Committee Amendment No. 2 Tabled Pursuant to Rule 5-4(a)

  22. Third Reading - Passed; 045-008-000

  23. Placed on Calendar Order of 3rd Reading March 21, 2007

  24. Second Reading

  25. Placed on Calendar Order of 2nd Reading March 20, 2007

  26. Do Pass as Amended State Government and Veterans Affairs; 006-001-002

  27. Senate Committee Amendment No. 3 Adopted

  28. Senate Committee Amendment No. 3 Rules Refers to State Government and Veterans Affairs

  29. Senate Committee Amendment No. 3 Referred to Rules

  30. Senate Committee Amendment No. 3 Filed with Secretary by Sen. Susan Garrett

  31. Senate Committee Amendment No. 2 Referred to Rules

  32. Senate Committee Amendment No. 2 Filed with Secretary by Sen. Susan Garrett

  33. Held in State Government and Veterans Affairs

  34. Senate Committee Amendment No. 1 Adopted

  35. Senate Committee Amendment No. 1 Rules Refers to State Government and Veterans Affairs

  36. Senate Committee Amendment No. 1 Referred to Rules

  37. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Susan Garrett

  38. Postponed - State Government and Veterans Affairs

  39. Assigned to State Government and Veterans Affairs

  40. Referred to Rules

  41. First Reading

  42. Filed with Secretary by Sen. Susan Garrett

Sponsors

  • Susan Garrett · Cosponsor
  • Kurt M. Granberg · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 2 co-sponsors · 181 not signed on

Sponsors (0)

None.

Co-sponsors (2)

  • Susan Garrett
  • Kurt M. Granberg

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.

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 115 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 102003
Democrat 9000
Republican 4000
Total 115003
% of votes cast 97%0%0%3%
How each member voted (118)
Member Party Vote
Munson — Yea
Granberg — Yea
Jefferies — Yea
Jefferson — Yea
Lang — Yea
Lindner — Yea
Mathias — Yea
McAuliffe — Yea
Reitz — Yea
Lyons — Yea
Madigan — Yea
McCarthy — Yea
McGuire — Yea
Mendoza — Yea
Meyer — Yea
Molaro — Yea
Bradley, John — Yea
Mulligan — Yea
Bradley, Richard — Yea
Myers — Yea
Brady — Yea
Mitchell, Bill — Yea
Nekritz — Yea
Osterman — Yea
Mitchell, Jerry — Yea
Patterson — Yea
Phelps — Yea
Burke — Yea
Sullivan — Yea
Schock — Yea
Scully — Yea
Hannig — Yea
Harris — Yea
Tryon — Yea
Turner — Yea
Verschoore — Yea
Wait — Yea
Washington — Yea
Winters — Yea
Yarbrough — Yea
Watson — Yea
Howard — Yea
Younge — Yea
Coladipietro — Yea
Cole — Yea
Cross — Yea
Cultra — Yea
Currie — Yea
D'Amico — Yea
Fortner — Yea
Franks — Yea
Fritchey — Yea
Froehlich — Yea
Golar — Yea
Gordon — Yea
Hamos — Yea
Hassert — Yea
Holbrook — Yea
Jakobsson — Yea
Davis, Monique — Yea
Hernandez — Not Voting
Pritchard — Yea
Dunkin — Not Voting
Graham — Not Voting
Kosel — Yea
Dugan — Yea
Dunn — Yea
Durkin — Yea
Eddy — Yea
Flider — Yea
Flowers — Yea
Osmond — Yea
Pihos — Yea
Poe — Yea
Ramey — Yea
Reboletti — Yea
Reis — Yea
Riley — Yea
Ryg — Yea
Sacia — Yea
Saviano — Yea
Schmitz — Yea
Sommer — Yea
Soto — Yea
Krause — Yea
Leitch — Yea
Acevedo — Yea
Arroyo — Yea
Bassi — Yea
Beaubien — Yea
Beiser — Yea
Bellock — Yea
Berrios — Yea
Mautino — Yea
Biggins — Yea
Black — Yea
Boland — Yea
May — Yea
Bost — Yea
Brauer — Yea
Brosnahan — Yea
Colvin — Yea
Moffitt — Yea
Coulson — Yea
Chapa LaVia — Yea
Fred Crespo Democrat Yea
Jay Hoffman Democrat Yea
La Shawn K. Ford Democrat Yea
Lakesia Collins 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 Yea
Chris Miller Republican Yea
Jil Tracy Republican Yea

Official roll call →

Third Reading

Passed 45 Yea · 8 Nay · 6 Other
Party YeaNayPresentNot Voting
Unaffiliated 36805
Democrat 9000
Republican 0001
Total 45806
% of votes cast 76%14%0%10%
How each member voted (59)
Member Party Vote
Halvorson — Yea
Hultgren — Yea
Link — Yea
Brady — Yea
Maloney — Yea
Meeks — Yea
Millner — Yea
Noland — Yea
Sullivan — Yea
Munoz — Yea
Pankau — Yea
Radogno — Nay
Schoenberg — Yea
Sieben — Yea
Cullerton — Yea
Jacobs — Yea
Silverstein — Yea
Demuzio — Yea
Trotter — Yea
Watson — Nay
Viverito — Yea
Wilhelmi — Yea
Jones, J. — Not Voting
Clayborne — Yea
Cronin — Not Voting
Crotty — Yea
Dahl — Nay
DeLeo — Yea
Dillard — Not Voting
Frerichs — Yea
Garrett — Yea
Haine — Yea
Hendon — Yea
Kotowski — Yea
Peterson — Nay
Raoul — Yea
Righter — Nay
Risinger — Yea
Ronen — Not Voting
Rutherford — Yea
Sandoval — Nay
Lauzen — Nay
Luechtefeld — Yea
Althoff — Yea
Martinez — Yea
Bomke — Not Voting
Bond — Yea
Burzynski — Nay
Forby — Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Eva-Dina Delgado Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Not Voting

Official roll call →

Subjects

finance energy
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 66 do?
Amends the Illinois Finance Authority Act. Provides that all official acts of the Authority require the approval of a majority of the members then holding office (instead of 8 members). Provides that a majority of the members of the Authority holding office constitutes a quorum (instead of 8 members). Provides that the Authority may enter into agreements with respect to its bond payment obligations. Provides that any pledge of revenues or other moneys made by the Authority shall be binding from the time the pledge is made, and that revenues and other moneys pledged shall be held outside of the State treasury and shall be subject to certain liens. Provides that "clean coal and energy projects" includes new gasification facilities. Provides that moneys in the Fire Truck Revolving Loan Fund and the Ambulance Revolving Loan Fund may also be used to reimburse the Authority for reasonable expenses incurred in connection with administering the loan programs, including reimbursement for time spent by Authority staff. Makes other changes. Effective immediately.
Who sponsors SB 66?
SB 66 is sponsored by Susan Garrett and Kurt M. Granberg.
What is the current status of SB 66?
This bill has been enacted into law. Introduced January 31, 2007. Enacted.
Where can I track SB 66?
Track SB 66 free on One Click Politics — get push/email alerts when it moves.

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