FINANCE AUTHORITY-PROJECTS Senate SponsorsSen. James F. Clayborne, Jr. House Sponsors(Rep. Thomas Holbrook) 10/19/2007SenateBill Dead - Amendatory Veto 20 ILCS 3501/801-520 ILCS 3501/801-1020 ILCS 3501/801-50 newAmends the Illinois Finance Authority Act. Provides that the Act applies to certain projects located outside of the State, if the project involves property or facilities that are owned, operated, leased, or managed by an entity located within the State. Sets forth criteria for approving out-of-State projects. Effective immediately.Senate Committee Amendment No. 1 Provides that the Authority shall not provide financing for any project, or portion of a project, located outside of the United States. Provides that the Authority shall not provide financing that constitutes an indebtedness of the State for any project, or portion of a project, located outside of the State.Senate Floor Amendment No. 2 Makes technical corrections.Governor Amendatory Veto Message Proposes that the Illinois Finance Authority may approve an application to finance or refinance a project located outside of the State only if the Authority has the ability to issue at least another $1,000,000,000 of bonds after giving effect to the financing or refinancing or the out-of-state project. Proposes that the Authority shall not provide financing that uses State volume cap under Section 146 of the Internal Revenue Code of 1986 for a project located outside of the State. 2/9/2007SenateFiled with Secretary by Sen. James F. Clayborne, Jr. 2/9/2007SenateFirst Reading 2/9/2007SenateReferred to Rules 2/21/2007SenateAssigned to Commerce and Economic Development 3/2/2007SenatePostponed - Commerce and Economic Development 3/7/2007SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr. 3/7/2007SenateSenate Committee Amendment No. 1 Referred to Rules 3/8/2007SenatePostponed - Commerce and Economic Development 3/14/2007SenateSenate Committee Amendment No. 1 Rules Refers to Commerce and Economic Development 3/15/2007SenateSenate Committee Amendment No. 1 Adopted 3/15/2007SenateDo Pass as Amended Commerce and Economic Development; 010-000-000 3/15/2007SenatePlaced on Calendar Order of 2nd Reading March 20, 2007 3/20/2007SenateSecond Reading 3/20/2007SenatePlaced on Calendar Order of 3rd Reading March 21, 2007 3/20/2007SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. James F. Clayborne, Jr. 3/20/2007SenateSenate Floor Amendment No. 2 Referred to Rules 3/21/2007SenateSenate Floor Amendment No. 2 Rules Refers to Commerce and Economic Development 3/22/2007SenateSenate Floor Amendment No. 2 Recommend Do Adopt Commerce and Economic Development; 007-000-000 3/30/2007SenateRule 2-10 Third Reading Deadline Established As May 31, 2007 4/19/2007SenateRecalled to Second Reading 4/19/2007SenateSenate Floor Amendment No. 2 Adopted; Clayborne 4/19/2007SenatePlaced on Calendar Order of 3rd Reading 4/19/2007SenateThird Reading - Passed; 054-000-000 4/19/2007HouseArrived in House 4/19/2007HousePlaced on Calendar Order of First Reading 4/19/2007HouseChief House Sponsor Rep. Thomas Holbrook 4/19/2007HouseFirst Reading 4/19/2007HouseReferred to Rules Committee 4/30/2007HouseAssigned to Executive Committee 5/18/2007HouseCommittee Deadline Extended-Rule 9(b) May 25, 2007 5/25/2007HouseFinal Action Deadline Extended-9(b) May 31, 2007 5/30/2007HouseDo Pass / Short Debate Executive Committee; 008-005-000 5/30/2007HousePlaced on Calendar 2nd Reading - Short Debate 5/30/2007HouseSecond Reading - Short Debate 5/30/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/31/2007HouseThird Reading - Short Debate - Passed 060-054-002 5/31/2007SenatePassed Both Houses 6/29/2007SenateSent to the Governor 8/28/2007SenateGovernor Amendatory Veto 10/2/2007SenatePlaced on Calendar Amendatory Veto October 2, 2007 10/2/2007SenateMotion Filed Override Amendatory Veto Sen. James F. Clayborne, Jr. 10/2/2007Senate3/5 Vote Required 10/2/2007SenateOverride Amendatory Veto - Senate Passed 052-000-001 10/4/2007HousePlaced on Calendar Amendatory Veto October 10, 2007 10/5/2007HouseMotion Filed Override Amendatory Veto Rep. Thomas Holbrook 10/19/2007SenateBill Dead - Amendatory Veto