MUNI CD-BORROWING Senate SponsorsSen. Deanna Demuzio-Pamela J. Althoff-William E. Peterson-Martin A. Sandoval-Larry K. Bomke House Sponsors(Rep. Carolyn H. Krause-Mike Fortner-Gary Hannig-Raymond Poe-Rich Brauer, Brandon W. Phelps and Patrick J Verschoore) 11/5/2007SenatePublic Act . . . . . . . . . 95-0693 65 ILCS 5/8-1-3.1from Ch. 24, par. 8-1-3.165 ILCS 5/8-1-7from Ch. 24, par. 8-1-7Amends the Municipal Code. Provides that the corporate authorities of a municipality may borrow money from any bank or financial institution, provided that the money shall be repaid within 10 years (now, one year) from the time the money is borrowed. Effective immediately.Senate Committee Amendment No. 1 Provides that the corporate authorities of a municipality may enter into a contract related to borrowings made "from a bank or financial institution" for a term not exceeding 10 years (instead of a contract related to borrowings).Fiscal Note (Dept. of Commerce & Economic Opportunity) This legislation is estimated to have no fiscal impact on the Department of Commerce and Economic Opportunity.Home Rule Note (Dept. of Commerce & Economic Opportunity) This legislation does not pre-empt home rule authority.State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity) This legislation does not create a State mandate under the State Mandates Act.House Amendment No. 1 Deletes reference to:65 ILCS 5/8-1-7Provides that the corporate authorities of a municipality may borrow money for corporate purposes from a bank or other financial institution. Provides that the corporate authorities must evidence the indebtedness by executing a promissory note or similar debt instrument, but not a bond. Provides that the promissory note or other debt instrument shall be authorized by an ordinance passed by the corporate authorities. Provides that the obligation to make payments due under the promissory note is a direct general obligation of the municipality. Limits the amount of indebtedness that may be incurred under the Section. Removes a Section from the engrossed bill that allows the corporate authorities of a municipality to make contracts for a term not exceeding 10 years relating to certain borrowings.Judicial Note (Admin Office of the Illinois Courts) This bill would neither increase nor decrease the number of judges needed in the State. House Amendment No. 2 Adds reference to:30 ILCS 105/5.59330 ILCS 105/6z-6070 ILCS 925/170 ILCS 925/570 ILCS 925/7 new70 ILCS 925/10735 ILCS 30/15-5-15Amends the Illinois Medical District at Springfield Act. Provides that the Illinois Medical District at Springfield shall be renamed the Mid-Illinois Medical District. Provides that the training program area of the District includes the counties of Cass, Christian, Logan, Macoupin, Mason, Menard, Montgomery, Morgan, Sangamon, and Scott. Sets forth certain additional purposes for the District. Provides that the Governor shall appoint 2 additional members to the Mid-Illinois Medical District Commission. Amends the State Finance Act and the Eminent Domain Act to make conforming changes. 2/8/2007SenateFiled with Secretary by Sen. Louis S. Viverito 2/8/2007SenateFirst Reading 2/8/2007SenateReferred to Rules 2/21/2007SenateAssigned to Local Government 3/6/2007SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff 3/7/2007SenatePostponed - Local Government 3/7/2007SenateAdded as Chief Co-Sponsor Sen. William E. Peterson 3/7/2007SenateAdded as Chief Co-Sponsor Sen. Martin A. Sandoval 3/12/2007SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Louis S. Viverito 3/12/2007SenateSenate Committee Amendment No. 1 Referred to Rules 3/13/2007SenateSenate Committee Amendment No. 1 Rules Refers to Local Government 3/13/2007SenateSenate Committee Amendment No. 1 Adopted 3/14/2007SenateDo Pass as Amended Local Government; 010-000-000 3/14/2007SenatePlaced on Calendar Order of 2nd Reading March 15, 2007 3/22/2007SenateSecond Reading 3/22/2007SenatePlaced on Calendar Order of 3rd Reading March 27, 2007 3/29/2007SenateThird Reading - Passed; 054-002-000 3/30/2007HouseArrived in House 3/30/2007HousePlaced on Calendar Order of First Reading 3/30/2007HouseChief House Sponsor Rep. Carolyn H. Krause 4/9/2007HouseFirst Reading 4/9/2007HouseReferred to Rules Committee 4/30/2007HouseAssigned to Local Government Committee 5/10/2007HouseDo Pass / Short Debate Local Government Committee; 006-000-000 5/10/2007HousePlaced on Calendar 2nd Reading - Short Debate 5/17/2007HouseFiscal Note Requested by Rep. Lou Lang 5/17/2007HouseState Mandates Fiscal Note Requested by Rep. Lou Lang 5/17/2007HouseHome Rule Note Requested by Rep. Lou Lang 5/24/2007HouseSecond Reading - Short Debate 5/24/2007HouseHeld on Calendar Order of Second Reading - Short Debate 5/24/2007HouseAdded Alternate Chief Co-Sponsor Rep. Mike Fortner 5/24/2007HouseFiscal Note Filed 5/24/2007HouseHome Rule Note Filed 5/24/2007HouseState Mandates Fiscal Note Filed 5/25/2007HouseJudicial Note Requested by Rep. Kurt M. Granberg 5/29/2007HouseJudicial Note Requested - Withdrawn by Rep. Kurt M. Granberg 5/29/2007HouseHouse Amendment No. 1 Filed with Clerk by Rep. Brandon W. Phelps 5/29/2007HouseHouse Amendment No. 1 Referred to Rules Committee 5/30/2007HouseHouse Amendment No. 1 Recommends Be Adopted Rules Committee; 003-001-000 5/31/2007HouseAdded Alternate Co-Sponsor Rep. Brandon W. Phelps 5/31/2007HouseAdded Alternate Co-Sponsor Rep. Patrick J Verschoore 5/31/2007HouseJudicial Note Filed 5/31/2007HouseFinal Action Deadline Extended-9(b) June 8, 2007 6/8/2007HouseFinal Action Deadline Extended-9(b) June 15, 2007 6/15/2007HouseFinal Action Deadline Extended-9(b) June 22, 2007 6/22/2007HouseFinal Action Deadline Extended-9(b) June 30, 2007 6/30/2007HouseFinal Action Deadline Extended-9(b) July 31, 2007 7/31/2007HouseFinal Action Deadline Extended-9(b) August 4, 2007 8/3/2007HouseAdded Alternate Chief Co-Sponsor Rep. Gary Hannig 8/3/2007HouseAdded Alternate Chief Co-Sponsor Rep. Raymond Poe 8/3/2007HouseAdded Alternate Chief Co-Sponsor Rep. Rich Brauer 8/3/2007HouseHouse Amendment No. 2 Filed with Clerk by Rep. Gary Hannig 8/3/2007HouseHouse Amendment No. 2 Referred to Rules Committee 8/4/2007HouseFinal Action Deadline Extended-9(b) August 10, 2007 8/7/2007HouseHouse Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000 8/7/2007HouseHouse Amendment No. 1 Adopted by Voice Vote 8/7/2007HouseHouse Amendment No. 2 Adopted by Voice Vote 8/7/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate 8/7/2007HouseThird Reading - Short Debate - Passed 100-001-000 8/7/2007SenateSecretary's Desk - Concurrence House Amendment(s) 01,02 8/7/2007SenatePlaced on Calendar Order of Concurrence House Amendment(s) 01,02 - August 8, 2007 8/8/2007SenateHouse Amendment No. 1 Motion to Concur Filed with Secretary Sen. Louis S. Viverito 8/8/2007SenateHouse Amendment No. 1 Motion to Concur Referred to Rules 8/8/2007SenateHouse Amendment No. 2 Motion to Concur Filed with Secretary Sen. Louis S. Viverito 8/8/2007SenateHouse Amendment No. 2 Motion to Concur Referred to Rules 8/8/2007SenateHouse Amendment No. 1 Motion to Concur Rules Referred to State Government and Veterans Affairs 8/8/2007SenateHouse Amendment No. 2 Motion to Concur Rules Referred to State Government and Veterans Affairs 8/8/2007SenateHouse Amendment No. 1 Motion To Concur Recommended Do Adopt State Government and Veterans Affairs; 008-000-000 8/8/2007SenateHouse Amendment No. 2 Motion To Concur Recommended Do Adopt State Government and Veterans Affairs; 008-000-000 8/8/2007SenateAdded as Chief Co-Sponsor Sen. Larry K. Bomke 8/8/2007SenateChief Sponsor Changed to Sen. Deanna Demuzio 8/8/2007SenateHouse Amendment No. 1 3/5 Vote Required 8/8/2007SenateHouse Amendment No. 1 Senate Concurs 054-000-000 8/8/2007SenateHouse Amendment No. 2 3/5 Vote Required 8/8/2007SenateHouse Amendment No. 2 Senate Concurs 054-000-000 8/8/2007SenatePassed Both Houses 9/6/2007SenateSent to the Governor 11/5/2007SenateGovernor Approved 11/5/2007SenateEffective Date November 5, 2007 11/5/2007SenatePublic Act . . . . . . . . . 95-0693