Sign Up
SB 2991 Illinois Senate · 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 failed 3 of 5 stages cleared
Introduction
Apr 2014
Committee Review
May 2014
Senate Passage
Apr 2014
House Passage
Governor
Introduced Apr 3, 2014 Last action Jan 13, 2015
Floor votes · Senate Apr 3, 2014

How they voted

41–9
Passed · 8 other
Total votes 58
Apr 3, 2014
D Democratic39
34 Yea 1 Nay 4
87% Yea
R Republican19
7 Yea 8 Nay 4
42% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
40
Key actions
10
Committee
15
Amendments
3
May 30, 2014
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
May 30, 2014
Lower · Passed
House Floor Amendment No. 2 Recommends Be Adopted - Lost Business & Occupational Licenses Committee; 006-004-002
lower
May 29, 2014
Lower · Passed
House Floor Amendment No. 2 Rules Refers to Business & Occupational Licenses Committee
lower
May 28, 2014
Committee
House Floor Amendment No. 2 Referred to Rules Committee
lower
May 28, 2014
Introduced
House Floor Amendment No. 2 Filed with Clerk by Rep. Lou Lang
lower
May 27, 2014
Lower · Passed
Do Pass as Amended / Short Debate Revenue & Finance Committee; 006-004-000
lower
May 27, 2014
Lower · Passed
House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
lower
May 27, 2014
Lower · Passed
Remains in Revenue & Finance Committee
lower
May 27, 2014
Lower · Passed
Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-002-000
lower
May 26, 2014
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
lower
May 23, 2014
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
May 23, 2014
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Barbara Flynn Currie
lower
May 16, 2014
Lower · Passed
Committee Deadline Extended-Rule 9(b) May 23, 2014
lower
May 14, 2014
Committee
Assigned to Revenue & Finance Committee
lower
Apr 3, 2014
Committee
Referred to Rules Committee
lower
Apr 3, 2014
Introduced
Arrived in House
lower
Apr 3, 2014
Senate · Passed
Senate Vote: pass (41-9-8)
senate
Feb 26, 2014
Upper · Passed
Do Pass Local Government; 009-003-001
upper
Feb 19, 2014
Committee
Assigned to Local Government
upper
Feb 4, 2014
Committee
Referred to Assignments
upper
0 primary · 2 co-sponsors

Sponsors

No sponsor information available.