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SB 1430 Illinois Senate · 98th Regular Session

COUNTIES CD-BORROWING MONEY

Summary
Amends the Counties Code. Provides that the county board of a county may borrow money for county purposes from one fund for the use of another fund, as long as it is repaid within the current fiscal year. Provides that the county board of a county may borrow money from any bank or financial institution, provided that the money shall be repaid within 10 years from the time the money is borrowed. Sets forth requirements concerning the documentation of the loan. Prohibits the indebtedness incurred, when aggregated with the existing indebtedness of the county, from exceeding the debt limitation otherwise provided for by law. Defines "financial institution". Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2013
Committee Review
May 2013
Senate Passage
May 2013
House Passage
May 2013
Signed into Law
Aug 2013
Introduced Apr 11, 2013 Signed Aug 23, 2013
Floor votes · Senate May 28, 2013 · House May 15, 2013

How they voted

49–2
Passed · 2 other
Total votes 53
May 28, 2013
D Democratic35
34 Yea 1
97% Yea
R Republican18
15 Yea 2 Nay 1
83% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
41
Key actions
8
Committee
12
Amendments
7
Aug 23, 2013
Signed into law
Governor Approved
upper
May 28, 2013
Upper · Passed
Passed Both Houses
upper
May 28, 2013
Introduced
House Floor Amendment No. 2 Senate Concurs 055-002-000
upper
May 24, 2013
Introduced
House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Local Government; 010-000-000
upper
May 23, 2013
Committee
House Floor Amendment No. 2 Motion to Concur Assignments Referred to Local Government
upper
May 22, 2013
Committee
House Floor Amendment No. 2 Motion to Concur Referred to Assignments
upper
May 15, 2013
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 2 - May 16, 2013
upper
May 15, 2013
Introduced
Secretary's Desk - Concurrence House Amendment(s) 2
upper
May 15, 2013
House · Passed
House Vote: pass (78-21-7)
house
May 9, 2013
Lower · Passed
House Floor Amendment No. 2 Adopted
lower
May 8, 2013
Lower · Passed
House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000
lower
May 8, 2013
Lower · Passed
House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 005-000-000
lower
May 7, 2013
Committee
House Floor Amendment No. 2 Referred to Rules Committee
lower
May 7, 2013
Introduced
House Floor Amendment No. 2 Filed with Clerk by Rep. John M. Cabello
lower
May 7, 2013
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
May 7, 2013
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. John M. Cabello
lower
May 2, 2013
Lower · Passed
Do Pass / Short Debate Counties & Townships Committee; 004-000-000
lower
Apr 24, 2013
Committee
Assigned to Counties & Townships Committee
lower
Apr 12, 2013
Committee
Referred to Rules Committee
lower
Apr 11, 2013
Introduced
Arrived in House
lower
Feb 28, 2013
Upper · Passed
Do Pass Local Government; 013-000-000
upper
Feb 14, 2013
Committee
Assigned to Local Government
upper
Feb 6, 2013
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.