Illinois General Assembly - Bill Status for SB2467
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 Bill Status of SB2467  102nd General Assembly

Short Description:  CDB-FEDERAL FUNDS

Senate Sponsors
Sen. Iris Y. Martinez - Matt Murphy, Dale A. Righter and John G. Mulroe

House Sponsors
(Rep. Tim Butler - William Davis, John M. Cabello, John D. Anthony, Al Riley, Daniel J. Burke and Anthony DeLuca)

Last Action
DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 330/15from Ch. 127, par. 665
30 ILCS 420/9afrom Ch. 127, par. 759a

Synopsis As Introduced
Amends the General Obligation Bond Act. Provides that the unused portion of federal funds received for or as reimbursement for a capital facilities project (currently, the unused portion of federal funds received for a capital facilities project) shall remain in the Capital Development Board Contributory Trust Fund. Removes a provision providing that any federal funds received as reimbursement for the completed construction of a capital improvement project shall be deposited in the Capital Development Bond Retirement and Interest Fund. Amends the Capital Development Bond Act of 1972. Makes conforming changes. Effective immediately.

DateChamber Action
  2/9/2016SenateFiled with Secretary by Sen. Iris Y. Martinez
  2/9/2016SenateFirst Reading
  2/9/2016SenateReferred to Assignments
  2/17/2016SenateAssigned to Revenue
  3/3/2016SenateAdded as Co-Sponsor Sen. Dale A. Righter
  3/3/2016SenateAdded as Co-Sponsor Sen. John G. Mulroe
  3/10/2016SenateDo Pass Revenue; 009-000-000
  3/10/2016SenatePlaced on Calendar Order of 2nd Reading March 16, 2016
  4/13/2016SenateAdded as Chief Co-Sponsor Sen. Matt Murphy
  4/18/2016SenateSecond Reading
  4/18/2016SenatePlaced on Calendar Order of 3rd Reading April 19, 2016
  4/20/2016SenateThird Reading - Passed; 055-000-000
  4/20/2016HouseArrived in House
  4/20/2016HouseChief House Sponsor Rep. Tim Butler
  4/20/2016HouseFirst Reading
  4/20/2016HouseReferred to Rules Committee
  5/5/2016HouseAdded Alternate Chief Co-Sponsor Rep. William Davis
  5/11/2016HouseAdded Alternate Co-Sponsor Rep. John M. Cabello
  5/11/2016HouseAdded Alternate Co-Sponsor Rep. John D. Anthony
  5/11/2016HouseAdded Alternate Co-Sponsor Rep. Al Riley
  5/12/2016HouseAdded Alternate Co-Sponsor Rep. Daniel J. Burke
  5/18/2016HouseAdded Alternate Co-Sponsor Rep. Anthony DeLuca
  1/10/2017SenateSession Sine Die

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