Translate
SB2306 - 104th General Assembly
IFA-CLIMATE RESILIENCE PROJECT
Senate Sponsors
Sen. Rachel Ventura - Sara Feigenholtz - Graciela Guzmán, Adriane Johnson, Laura M. Murphy, Mike Porfirio, Linda Holmes, Jil Tracy and Ram Villivalam
House Sponsors
(Rep. Nabeela Syed - Abdelnasser Rashid, Kyle Moore, Lilian Jiménez, Maurice A. West, II, Bob Morgan, Edgar González, Jr., Laura Faver Dias, Michelle Mussman, Kelly M. Cassidy, Diane Blair-Sherlock, Daniel Didech and Brad Stephens)
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Finance Authority Act. In provisions concerning powers and duties of the Illinois Finance Authority in furtherance of its clean energy powers and purposes, provides that the Authority shall have the power to utilize certain funding sources for clean water, drinking water, and wastewater treatment or climate resilience projects. Amends the Climate Bank Loan Financing Act. Defines "climate resilience project" to mean a project to reduce hazards or risks to people and property from future disasters or climate-related conditions. Provides that "climate resilience project" includes, but is not limited to, projects that ensure access to clean water and drinking water, support wastewater treatment or resiliency of other essential infrastructure and other projects that reduce the potential impact of disasters or climate change. Adds climate resilience projects to provisions concerning clean energy infrastructure projects and authority to issue bonds. Effective immediately.
Senate Floor Amendment No. 1
Adds reference to:
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Adds additional provisions concerning climate resilience projects. Further amends the Illinois Finance Authority Act. Provides that the Illinois Finance Authority may finance or refinance any accounts receivable, working capital, liability, or insurance or noncapital cost or operating expense for any unit of government, participating health institution, private institution of higher education, academic institution, cultural institution, or other person authorized to borrow funds from the Authority pursuant to the Act. Provides that those agreements are included in the definitions of "lease agreement" and "loan agreement" under the Act. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 02/07/2025 | Senate | Filed with Secretary by Sen. Rachel Ventura |
| 02/07/2025 | Senate | First Reading |
| 02/07/2025 | Senate | Referred to Assignments |
| 03/04/2025 | Senate | Assigned to Executive |
| 03/19/2025 | Senate | Do Pass Executive; 011-000-000 |
| 03/19/2025 | Senate | Placed on Calendar Order of 2nd Reading March 20, 2025 |
| 03/20/2025 | Senate | Second Reading |
| 03/20/2025 | Senate | Placed on Calendar Order of 3rd Reading April 1, 2025 |
| 03/20/2025 | Senate | Added as Co-Sponsor Sen. Adriane Johnson |
| 03/20/2025 | Senate | Added as Co-Sponsor Sen. Laura M. Murphy |
| 03/20/2025 | Senate | Added as Co-Sponsor Sen. Mike Porfirio |
| 03/20/2025 | Senate | Added as Chief Co-Sponsor Sen. Sara Feigenholtz |
| 03/21/2025 | Senate | Added as Chief Co-Sponsor Sen. Graciela Guzmán |
| 04/01/2025 | Senate | Senate Floor Amendment No. 1 Filed with Secretary by Sen. Rachel Ventura |
| 04/01/2025 | Senate | Senate Floor Amendment No. 1 Referred to Assignments |
| 04/02/2025 | Senate | Senate Floor Amendment No. 1 Assignments Refers to Executive |
| 04/03/2025 | Senate | Added as Co-Sponsor Sen. Linda Holmes |
| 04/03/2025 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 012-000-000 |
| 04/04/2025 | Senate | Added as Co-Sponsor Sen. Jil Tracy |
| 04/04/2025 | Senate | Added as Co-Sponsor Sen. Ram Villivalam |
| 04/09/2025 | Senate | Recalled to Second Reading |
| 04/09/2025 | Senate | Senate Floor Amendment No. 1 Adopted; Ventura |
| 04/09/2025 | Senate | Placed on Calendar Order of 3rd Reading |
| 04/09/2025 | Senate | Third Reading - Passed; 051-004-000 |
| 04/09/2025 | House | Arrived in House |
| 04/09/2025 | House | Chief House Sponsor Rep. Nabeela Syed |
| 04/09/2025 | House | First Reading |
| 04/09/2025 | House | Referred to Rules Committee |
| 04/17/2025 | House | Assigned to Revenue & Finance Committee |
| 04/29/2025 | House | Added Alternate Co-Sponsor Rep. Kyle Moore |
| 05/07/2025 | House | Added Alternate Co-Sponsor Rep. Lilian Jiménez |
| 05/07/2025 | House | Added Alternate Co-Sponsor Rep. Maurice A. West, II |
| 05/07/2025 | House | Added Alternate Co-Sponsor Rep. Bob Morgan |
| 05/07/2025 | House | Added Alternate Co-Sponsor Rep. Edgar González, Jr. |
| 05/07/2025 | House | Added Alternate Co-Sponsor Rep. Laura Faver Dias |
| 05/07/2025 | House | Added Alternate Co-Sponsor Rep. Michelle Mussman |
| 05/07/2025 | House | Added Alternate Co-Sponsor Rep. Kelly M. Cassidy |
| 05/07/2025 | House | Added Alternate Co-Sponsor Rep. Diane Blair-Sherlock |
| 05/08/2025 | House | Do Pass / Short Debate Revenue & Finance Committee; 011-005-000 |
| 05/08/2025 | House | Added Alternate Co-Sponsor Rep. Daniel Didech |
| 05/08/2025 | House | Added Alternate Co-Sponsor Rep. Brad Stephens |
| 05/08/2025 | House | Placed on Calendar 2nd Reading - Short Debate |
| 05/14/2025 | House | Added Alternate Chief Co-Sponsor Rep. Abdelnasser Rashid |
| 05/16/2025 | House | Second Reading - Short Debate |
| 05/16/2025 | House | Held on Calendar Order of Second Reading - Short Debate |
| 05/23/2025 | House | Third Reading/Final Action Deadline Extended-9(b) May 31, 2025 |
| 05/31/2025 | House | Rule 19(a) / Re-referred to Rules Committee |