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SB 1906 Illinois Senate · 96th Regular Session

FINANCE AUTHORITY-PROJECTS

Summary
Amends the Illinois Finance Authority Act. Provides that the Act applies to certain projects located outside of the State, if the project involves property or facilities that are owned, operated, leased, or managed by an entity located within the State. Sets forth criteria for approving out-of-State projects. Provides that the Authority shall not provide financing for any project, or portion of a project, located outside of the United States. Provides that the Authority shall not provide financing that constitutes an indebtedness of the State for any project, or portion of a project, located outside of the State. Provides that the Illinois Finance Authority may approve an application to finance or refinance a project located outside of the State only if the Authority has the ability to issue at least another $1,000,000,000 of bonds after giving effect to the financing or refinancing or the out-of-state project. Proposes that the Authority shall not provide financing that uses State volume cap under Section 146 of the Internal Revenue Code of 1986 for a project located outside of the State. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2009
Committee Review
May 2009
Senate Passage
May 2009
House Passage
May 2009
Signed into Law
Jul 2009
Introduced Apr 3, 2009 Signed Jul 29, 2009
Floor votes · Senate May 30, 2009 · House May 28, 2009

How they voted

41–0
Passed · 7 other
Total votes 48
May 30, 2009
D Democratic29
25 Yea 4
86% Yea
R Republican19
16 Yea 3
84% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
99
Key actions
12
Committee
17
Amendments
13
Jul 29, 2009
Signed into law
Governor Approved
upper
May 30, 2009
Upper · Passed
Passed Both Houses
upper
May 30, 2009
Introduced
House Floor Amendment No. 3 Senate Concurs 052-000-001
upper
May 29, 2009
Introduced
House Floor Amendment No. 3 Motion To Concur Recommended Do Adopt Energy; 011-000-000
upper
May 29, 2009
Committee
House Floor Amendment No. 3 Motion to Concur Assignments Referred to Energy
upper
May 28, 2009
Committee
House Floor Amendment No. 3 Motion to Concur Referred to Assignments
upper
May 28, 2009
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 3 - May 29, 2009
upper
May 28, 2009
Introduced
Secretary's Desk - Concurrence House Amendment(s) 3
upper
May 28, 2009
Amended
House Floor Amendment No. 1 Tabled Pursuant to Rule 40(a)
lower
May 28, 2009
Lower · Passed
House Floor Amendment No. 3 Adopted by Voice Vote
lower
May 28, 2009
House · Passed
House Vote: pass (95-0)
house
May 27, 2009
Lower · Passed
House Floor Amendment No. 3 Recommends Be Adopted State Government Administration Committee; 012-000-000
lower
May 26, 2009
Lower · Passed
House Floor Amendment No. 3 Rules Refers to State Government Administration Committee
lower
May 22, 2009
Committee
House Floor Amendment No. 3 Referred to Rules Committee
lower
May 22, 2009
Introduced
House Floor Amendment No. 3 Filed with Clerk by Rep. William B. Black
lower
May 19, 2009
Lower · Passed
House Floor Amendment No. 2 Recommends Be Adopted State Government Administration Committee; 017-000-000
lower
May 19, 2009
Lower · Passed
House Floor Amendment No. 2 Rules Refers to State Government Administration Committee
lower
May 19, 2009
Committee
House Floor Amendment No. 2 Referred to Rules Committee
lower
May 19, 2009
Introduced
House Floor Amendment No. 2 Filed with Clerk by Rep. William B. Black
lower
May 18, 2009
Lower · Passed
House Floor Amendment No. 1 Rules Refers to State Government Administration Committee
lower
May 18, 2009
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
May 18, 2009
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. William B. Black
lower
May 6, 2009
Lower · Passed
Do Pass / Short Debate State Government Administration Committee; 011-004-000
lower
Apr 20, 2009
Committee
Assigned to State Government Administration Committee
lower
Apr 6, 2009
Committee
Referred to Rules Committee
lower
Apr 3, 2009
Introduced
Arrived in House
lower
Mar 31, 2009
Upper · Passed
Senate Floor Amendment No. 1 Adopted; Clayborne
upper
Mar 31, 2009
Introduced
Senate Floor Amendment No. 1 Recommend Do Adopt Commerce; 006-000-000
upper
Mar 25, 2009
Introduced
Senate Floor Amendment No. 1 Assignments Refers to Commerce
upper
Mar 24, 2009
Committee
Senate Floor Amendment No. 1 Referred to Assignments
upper
Mar 24, 2009
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr.
upper
Mar 12, 2009
Upper · Passed
Do Pass Commerce; 009-000-000
upper
Mar 4, 2009
Committee
Assigned to Commerce
upper
Feb 20, 2009
Committee
Referred to Assignments
upper
0 primary · 16 co-sponsors

Sponsors

No sponsor information available.