MUNI CD-BORROWING
Summary
Amends the Municipal Code. Provides that the corporate authorities of a municipality may borrow money from any bank or financial institution, provided that the money shall be repaid within 10 years (now, one year) from the time the money is borrowed. Effective immediately.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2007
Committee Review
Aug 2007
Senate Passage
Aug 2007
House Passage
Aug 2007
Signed into Law
Nov 2007
Introduced Mar 30, 2007
Signed Nov 5, 2007
Floor votes · Senate Aug 8, 2007 · House Aug 7, 2007
How they voted
48–0
Passed · 5 other
Total votes 53
Aug 8, 2007
D
Democratic33
90% Yea
R
Republican20
90% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
81
Key actions
11
Committee
16
Amendments
14
Nov 5, 2007
Signed into law
Governor Approved
upper
Aug 8, 2007
Upper · Passed
Passed Both Houses
upper
Aug 8, 2007
Introduced
House Floor Amendment No. 2 Senate Concurs 054-000-000
upper
Aug 8, 2007
Introduced
House Floor Amendment No. 2 3/5 Vote Required
upper
Aug 8, 2007
Introduced
House Floor Amendment No. 1 Senate Concurs 054-000-000
upper
Aug 8, 2007
Introduced
House Floor Amendment No. 1 3/5 Vote Required
upper
Aug 8, 2007
Introduced
House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt State Government and Veterans Affairs; 008-000-000
upper
Aug 8, 2007
Introduced
House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt State Government and Veterans Affairs; 008-000-000
upper
Aug 8, 2007
Committee
House Floor Amendment No. 2 Motion to Concur Rules Referred to State Government and Veterans Affairs
upper
Aug 8, 2007
Committee
House Floor Amendment No. 1 Motion to Concur Rules Referred to State Government and Veterans Affairs
upper
Aug 8, 2007
Committee
House Floor Amendment No. 2 Motion to Concur Referred to Rules
upper
Aug 8, 2007
Committee
House Floor Amendment No. 1 Motion to Concur Referred to Rules
upper
Aug 7, 2007
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 01,02 - August 8, 2007
upper
Aug 7, 2007
Introduced
Secretary's Desk - Concurrence House Amendment(s) 01,02
upper
Aug 7, 2007
Lower · Passed
House Floor Amendment No. 2 Adopted by Voice Vote
lower
Aug 7, 2007
Lower · Passed
House Floor Amendment No. 1 Adopted by Voice Vote
lower
Aug 7, 2007
Lower · Passed
House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000
lower
Aug 7, 2007
House · Passed
House Vote: pass (90-1-16)
house
Aug 3, 2007
Committee
House Floor Amendment No. 2 Referred to Rules Committee
lower
Aug 3, 2007
Introduced
House Floor Amendment No. 2 Filed with Clerk by Rep. Gary Hannig
lower
May 30, 2007
Lower · Passed
House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-001-000
lower
May 29, 2007
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
May 29, 2007
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. Brandon W. Phelps
lower
May 10, 2007
Lower · Passed
Do Pass / Short Debate Local Government Committee; 006-000-000
lower
Apr 30, 2007
Committee
Assigned to Local Government Committee
lower
Apr 9, 2007
Committee
Referred to Rules Committee
lower
Mar 30, 2007
Introduced
Arrived in House
lower
Mar 14, 2007
Upper · Passed
Do Pass as Amended Local Government; 010-000-000
upper
Mar 13, 2007
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Mar 13, 2007
Upper · Passed
Senate Committee Amendment No. 1 Rules Refers to Local Government
upper
Mar 12, 2007
Committee
Senate Committee Amendment No. 1 Referred to Rules
upper
Mar 12, 2007
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Louis S. Viverito
upper
Feb 21, 2007
Committee
Assigned to Local Government
upper
Feb 8, 2007
Committee
Referred to Rules
upper
0 primary · 2 co-sponsors
Sponsors
No sponsor information available.
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 689
Scope: IL
Hi! I can help you understand SB 689. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline