Illinois General Assembly - Bill Status for SB0043
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 Bill Status of SB0043  100th General Assembly


Short Description:  FINANCE AUTHORITY-PACE PROJECT

Senate Sponsors
Sen. Jennifer Bertino-Tarrant

House Sponsors
(Rep. Natalie A. Manley - William Davis)

Last Action
DateChamber Action
  6/20/2018SenateSent to the Governor

Statutes Amended In Order of Appearance
30 ILCS 708/1


Synopsis As Introduced
Amends the Grant Accountability and Transparency Act. Makes a technical change in a Section concerning the short title.

Senate Floor Amendment No. 1
Deletes reference to:
30 ILCS 708/1
Adds reference to:
20 ILCS 3501/801-5
20 ILCS 3501/801-10
20 ILCS 3501/801-40
20 ILCS 3501/805-5
20 ILCS 3501/805-15
20 ILCS 3501/825-65
20 ILCS 3501/830-30
20 ILCS 3501/830-35
20 ILCS 3501/830-55
20 ILCS 3501/845-75

Replaces everything after the enacting clause. Amends the Illinois Finance Authority Act. Adds PACE Projects to the list of specified projects under the Act. Provides that the Illinois Finance Authority shall, in addition to other powers and duties, have the power to make loans and purchase loan participations to finance projects under the Act. Provides that the Authority may establish a direct loan program to make loans to, or may purchase participations in loans made by participating lenders to, individuals, partnerships, corporations, or other business entities for the purpose of financing industrial projects. Provides further requirements concerning the direct loan program established by the Authority. Provides that the enactment of changes made by this amendatory Act shall not affect any right accrued or liability incurred prior to its enactment, including the validity or enforceability of any prior action taken by the Authority with respect to loans made, or loan participations purchased, by the Authority under specified provisions. Adds to the findings and declaration of policy provisions of the Act. Defines terms. Makes conforming changes. Effective immediately.

Actions 
DateChamber Action
  1/11/2017SenateFiled with Secretary by Sen. John J. Cullerton
  1/11/2017SenateFirst Reading
  1/11/2017SenateReferred to Assignments
  1/18/2017SenateAssigned to Executive
  1/24/2017SenateDo Pass Executive; 016-000-000
  1/24/2017SenatePlaced on Calendar Order of 2nd Reading January 25, 2017
  2/7/2017SenateSecond Reading
  2/7/2017SenatePlaced on Calendar Order of 3rd Reading February 8, 2017
  4/28/2017SenateRule 2-10 Third Reading Deadline Established As May 31, 2017
  8/4/2017SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  2/6/2018SenateApproved for Consideration Assignments
  2/6/2018SenatePlaced on Calendar Order of 3rd Reading February 7, 2018
  4/9/2018SenateChief Sponsor Changed to Sen. Jennifer Bertino-Tarrant
  4/13/2018SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Jennifer Bertino-Tarrant
  4/13/2018SenateSenate Floor Amendment No. 1 Referred to Assignments
  4/17/2018SenateSenate Floor Amendment No. 1 Assignments Refers to Commerce and Economic Development
  4/19/2018SenateSenate Floor Amendment No. 1 Recommend Do Adopt Commerce and Economic Development; 011-000-000
  4/19/2018SenateRecalled to Second Reading
  4/19/2018SenateSenate Floor Amendment No. 1 Adopted; Bertino-Tarrant
  4/19/2018SenatePlaced on Calendar Order of 3rd Reading April 23, 2018
  4/24/2018SenateThird Reading - Passed; 052-001-000
  4/24/2018HouseArrived in House
  4/24/2018HouseChief House Sponsor Rep. Natalie A. Manley
  4/24/2018HouseFirst Reading
  4/24/2018HouseReferred to Rules Committee
  5/2/2018HouseAssigned to Revenue & Finance Committee
  5/17/2018HouseDo Pass / Short Debate Revenue & Finance Committee; 011-000-000
  5/18/2018HousePlaced on Calendar 2nd Reading - Short Debate
  5/21/2018HouseSecond Reading - Short Debate
  5/21/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/22/2018HouseThird Reading - Short Debate - Passed 064-043-001
  5/22/2018SenatePassed Both Houses
  5/22/2018HouseAdded Alternate Chief Co-Sponsor Rep. William Davis
  6/20/2018SenateSent to the Governor

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