Bill Status of HB 3562   93rd General Assembly

Short Description:  ECONOMIC RECOVERY ACT

House Sponsors
Rep. Steve Davis-Eddie Washington-Mike Boland

Last Action  View All Actions

DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.595 new

Synopsis As Introduced
Creates the Economic Recovery Act. Creates the Illinois Economic Recovery Program. Provides for the appointment and terms of the members of the Board of Directors of the Program. Sets forth the powers and duties of the Program. Requires the Program to file a certified annual report with the Auditor General and an annual report with the Governor, the General Assembly, and the Economic and Fiscal Commission. Establishes the Portfolio Risk Insurance Reserve Fund as a special fund created outside of the State treasury. Sets forth procedures for the management of the Fund. Provides that the Program may enter into agreements with lenders. Creates the Illinois Economic Recovery Fund as a fund within the State treasury.

 Fiscal Note (Department of Central Management Services)
 The Department of Central Management Services anticipates no fiscal impact from this bill.

Actions 
DateChamber Action
  2/28/2003HouseFiled with the Clerk by Rep. Mike Boland
  2/28/2003HouseFirst Reading
  2/28/2003HouseReferred to Rules Committee
  3/5/2003HouseAssigned to State Government Administration Committee
  3/12/2003HouseChief Sponsor Changed to Rep. Steve Davis
  3/12/2003HouseAdded Chief Co-Sponsor Rep. Eddie Washington
  3/12/2003HouseAdded Chief Co-Sponsor Rep. Mike Boland
  3/13/2003HouseMotion Do Pass - Lost State Government Administration Committee; 004-006-000
  3/13/2003HouseRemains in State Government Administration Committee
  3/13/2003HouseDo Pass / Standard Debate State Government Administration Committee; 006-002-000
  3/13/2003HousePlaced on Calendar 2nd Reading - Standard Debate
  3/24/2003HouseFiscal Note Filed
  3/27/2003HouseSecond Reading - Short Debate
  3/27/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/31/2003HouseRecalled to Second Reading - Standard Debate
  3/31/2003HouseHeld on Calendar Order of Second Reading - Standard Debate
  4/1/2003HouseHouse Amendment No. 1 Filed with Clerk by Rep. Steve Davis
  4/1/2003HouseHouse Amendment No. 1 Referred to Rules Committee
  4/2/2003HouseHouse Amendment No. 2 Filed with Clerk by Rep. Steve Davis
  4/2/2003HouseHouse Amendment No. 2 Referred to Rules Committee
  4/4/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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