Illinois General Assembly - Bill Status for HB2807
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB2807  102nd General Assembly


House Sponsors
Rep. Brad Halbrook

Senate Sponsors
(Sen. Steven M. Landek)

Last Action
DateChamber Action
  1/10/2023HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
60 ILCS 1/85-65 rep.

Synopsis As Introduced
Creates the Local Accumulation of Funds Act. Provides that a unit of local government's funds, excluding the capital fund, shall not exceed an amount equal to or greater than 2.5 times the annual average expenditure of the previous 3 fiscal years of the unit of local government. Defines "capital fund" as a capital fund of a township or a similar fund of another unit of local government established to dedicate funds toward capital improvement as a part of the unit of local government's annual budget. Amends the Township Code repealing a Section about accumulation of funds. Effective immediately.

DateChamber Action
  2/18/2021HouseFiled with the Clerk by Rep. Brad Halbrook
  2/19/2021HouseFirst Reading
  2/19/2021HouseReferred to Rules Committee
  3/9/2021HouseAssigned to Cities & Villages Committee
  3/16/2021HouseDo Pass / Short Debate Cities & Villages Committee; 010-000-000
  3/18/2021HousePlaced on Calendar 2nd Reading - Short Debate
  4/13/2021HouseSecond Reading - Short Debate
  4/13/2021HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/15/2021HouseThird Reading - Short Debate - Passed 112-000-000
  4/19/2021SenateArrive in Senate
  4/19/2021SenatePlaced on Calendar Order of First Reading
  4/19/2021SenateChief Senate Sponsor Sen. Steven M. Landek
  4/19/2021SenateFirst Reading
  4/19/2021SenateReferred to Assignments
  1/10/2023HouseSession Sine Die

Back To Top