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HB 4597 Illinois House · 98th Regular Session

PARK DISTRICT-BORROWING MONEY

Summary
Amends the Park District Code. Provides that the board of a park district may borrow money for any corporate purpose from a bank or other financial institution, provided that the money shall be repaid within 2 years from the general funds of the park district and such other sources of payment as are otherwise lawfully available. Prohibits the indebtedness incurred, when aggregated with the existing indebtedness of the park district, from exceeding the debt limitation otherwise provided for by law. Defines "financial institution". Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2014
Committee Review
Apr 2014
House Passage
May 2014
Senate Passage
May 2014
Signed into Law
Aug 2014
Introduced Apr 2, 2014 Signed Aug 15, 2014
Floor votes · Senate May 21, 2014 · House Apr 1, 2014

How they voted

39–7
Passed · 1 other
Total votes 47
May 21, 2014
D Democratic30
28 Yea 1 Nay 1
93% Yea
R Republican17
11 Yea 6 Nay
64% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
27
Key actions
5
Committee
6
Aug 15, 2014
Signed into law
Governor Approved
lower
May 21, 2014
Lower · Passed
Passed Both Houses
lower
Apr 30, 2014
Upper · Passed
Do Pass Local Government; 009-002-000
upper
Apr 23, 2014
Committee
Assigned to Local Government
upper
Apr 7, 2014
Committee
Referred to Assignments
upper
Apr 2, 2014
Introduced
Arrive in Senate
upper
Apr 1, 2014
House · Passed
House Vote: pass (68-25-6)
house
Mar 21, 2014
Lower · Passed
Do Pass / Short Debate Counties & Townships Committee; 005-000-000
lower
Mar 3, 2014
Committee
Assigned to Counties & Townships Committee
lower
Feb 4, 2014
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.