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SB 260 Illinois Senate · 96th Regular Session

FINANCE AUTHORITY-BONDS

Summary
Amends the Illinois Finance Authority Act. Provides that the Authority is authorized to issue bonds or notes in an amount not to exceed $450,000 (now, $250,000). Provides that in any calendar year after 2007, the $450,000 amount shall be increased by an amount equal to such dollar amount multiplied by the inflation percentage determined under Section 305(c) of the federal Consolidated Farm and Rural Development Act (7 U.S.C. 1925) as of June 18, 2008. Provides that any increase must be rounded to the nearest multiple of $100. 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
Aug 2009
Introduced Apr 3, 2009 Signed Aug 14, 2009
Floor votes · Senate Apr 2, 2009 · House May 19, 2009

How they voted

57–0
Passed · 1 other
Total votes 58
Apr 2, 2009
D Democratic36
35 Yea 1
97% Yea
R Republican22
22 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
38
Key actions
6
Committee
6
Aug 14, 2009
Signed into law
Governor Approved
upper
May 19, 2009
Upper · Passed
Passed Both Houses
upper
May 19, 2009
House · Passed
House Vote: pass (111-0-2)
house
May 6, 2009
Lower · Passed
Do Pass / Short Debate Executive Committee; 011-000-000
lower
Apr 20, 2009
Committee
Assigned to Executive Committee
lower
Apr 6, 2009
Committee
Referred to Rules Committee
lower
Apr 3, 2009
Introduced
Arrived in House
lower
Apr 2, 2009
Senate · Passed
Senate Vote: pass (57-0-1)
senate
Feb 20, 2009
Upper · Passed
Do Pass State Government and Veterans Affairs; 008-000-000
upper
Feb 10, 2009
Committee
Assigned to State Government and Veterans Affairs
upper
Feb 4, 2009
Committee
Referred to Assignments
upper
0 primary · 6 co-sponsors

Sponsors

No sponsor information available.