Illinois General Assembly - Bill Status for SB2006
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 Bill Status of SB2006  102nd General Assembly

Short Description:  RTA-CASH NOTE & LINE OF CREDIT

Senate Sponsors
Sen. Don Harmon

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
70 ILCS 3615/4.04from Ch. 111 2/3, par. 704.04


Synopsis As Introduced
Amends the Regional Transportation Authority Act. Provides that the Regional Transportation Authority may issue, sell, and deliver additional working cash notes and establish lines of credit (rather than only working cash notes) before July 1, 2022 (rather than July 1, 2018) that are over and above and in addition to the $100,000,000 bond or note authorization. Establishes procedures for establishment of lines of credit. Requires notice to the Governor's Office of Management and Budget and State Comptroller before establishing a line of credit and provides that money borrowed under a line of credit are general obligations of the Authority that are secured by the full faith and credit of the Authority. Effective immediately.

Senate Committee Amendment No. 1
Deletes reference to:
70 ILCS 3615/4.04from Ch. 111 2/3, par. 704.04
Adds reference to:
70 ILCS 3615/1.01from Ch. 111 2/3, par. 701.01

Replaces everything after the enacting clause. Amends the Regional Transportation Authority Act. Makes a technical change in a Section concerning the short title.

Actions 
DateChamber Action
  2/15/2019SenateFiled with Secretary by Sen. Martin A. Sandoval
  2/15/2019SenateFirst Reading
  2/15/2019SenateReferred to Assignments
  3/5/2019SenateAssigned to Transportation
  3/12/2019SenateDo Pass Transportation; 017-000-000
  3/12/2019SenatePlaced on Calendar Order of 2nd Reading March 13, 2019
  4/9/2019SenateSecond Reading
  4/9/2019SenatePlaced on Calendar Order of 3rd Reading April 10, 2019
  4/12/2019SenateRule 3-9(a) / Re-referred to Assignments
  1/1/2020SenateChief Sponsor Changed to Sen. John J. Cullerton
  1/20/2020SenateChief Sponsor Changed to Sen. Don Harmon
  2/25/2020SenateRe-referred to Executive
  2/25/2020SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
  2/25/2020SenateSenate Committee Amendment No. 1 Referred to Assignments
  2/26/2020SenateSenate Committee Amendment No. 1 Assignments Refers to Executive
  3/4/2020SenateSenate Committee Amendment No. 1 Adopted
  3/4/2020SenateDo Pass as Amended Executive; 016-000-000
  3/4/2020SenatePlaced on Calendar Order of 2nd Reading March 5, 2020
  3/25/2020SenateRule 2-10 Third Reading Deadline Established As May 7, 2020
  4/12/2020SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  4/23/2020SenateRule 2-10 Third Reading Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Third Reading Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Third Reading Deadline Established As May 29, 2020
  5/15/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 31, 2020
  1/13/2021SenateSession Sine Die

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