Bill Status of SB 1075   93rd General Assembly

Short Description:  RURAL BOND BANK-ISSUANCE

Senate Sponsors
Sen. Vince Demuzio-Don Harmon-Jeffrey M. Schoenberg

House Sponsors
(Rep. Gary Hannig)


Last Action  View All Actions

DateChamber Action
  7/17/2003SenatePublic Act . . . . . . . . . 93-0205

Statutes Amended In Order of Appearance
30 ILCS 360/3-3from Ch. 17, par. 7203-3

Synopsis As Introduced
Amends the Rural Bond Bank Act. Increases the Bank's bond authorization to $500,000,000 outstanding at any time. Increases the maximum amount used to purchase securities issued by certain units of local government to $87,500,000. Effective immediately.

House Amendment No. 1
Deletes reference to:
30 ILCS 360/3-3
Adds reference to:
30 ILCS 360/1-2

Deletes everything after the enacting clause. Amends the Rural Bond Bank Act. Makes a technical change in a Section concerning the Act's purpose.

House Amendment No. 2
Deletes reference to:
30 ILCS 360/1-2
Adds reference to:
New Act
5 ILCS 70/8from Ch. 1, par. 1107
20 ILCS 605/605-675was 20 ILCS 605/46.66
20 ILCS 605/605-915was 20 ILCS 605/46.45
20 ILCS 605/605-920was 20 ILCS 605/46.47
20 ILCS 605/605-925was 20 ILCS 605/46.48
20 ILCS 655/7from Ch. 67 1/2, par. 611
20 ILCS 1105/15from Ch. 96 1/2, par. 7415
20 ILCS 2310/2310-200was 20 ILCS 2310/55.53
20 ILCS 3510/2from Ch. 111 1/2, par. 8102
20 ILCS 3510/3from Ch. 111 1/2, par. 8103
20 ILCS 3515/3from Ch. 127, par. 723
20 ILCS 3515/4from Ch. 127, par. 724
20 ILCS 3515/7from Ch. 127, par. 727
30 ILCS 305/2from Ch. 17, par. 6602
30 ILCS 435/10
30 ILCS 750/1-3from Ch. 127, par. 2701-3
30 ILCS 750/8-3from Ch. 127, par. 2708-3
40 ILCS 5/14-103.04from Ch. 108 1/2, par. 14-103.04
40 ILCS 5/14-104.11
50 ILCS 320/4from Ch. 85, par. 7204
50 ILCS 320/5from Ch. 85, par. 7205
50 ILCS 320/10from Ch. 85, par. 7210
55 ILCS 5/5-1050from Ch. 34, par. 5-1050
60 ILCS 1/85-10
65 ILCS 5/8-12-2from Ch. 24, par. 8-12-2
65 ILCS 5/8-12-3from Ch. 24, par. 8-12-3
65 ILCS 5/8-12-6from Ch. 24, par. 8-12-6
65 ILCS 5/8-12-19from Ch. 24, par. 8-12-19
65 ILCS 5/8-12-21from Ch. 24, par. 8-12-21
65 ILCS 5/8-12-22from Ch. 24, par. 8-12-22
65 ILCS 5/11-74.1-1from Ch. 24, par. 11-74.1-1
65 ILCS 5/11-113.1-1from Ch. 24, par. 11-113.1-1
65 ILCS 5/11-119-2from Ch. 24, par. 11-119-2
65 ILCS 5/11-129-3from Ch. 24, par. 11-129-3
65 ILCS 5/11-139-7from Ch. 24, par. 11-139-7
65 ILCS 5/11-141-5from Ch. 24, par. 11-141-5
70 ILCS 508/40
70 ILCS 510/14from Ch. 85, par. 6214
70 ILCS 515/13from Ch. 85, par. 6513
70 ILCS 520/8from Ch. 85, par. 6158
70 ILCS 525/2008from Ch. 85, par. 7508
70 ILCS 530/8from Ch. 85, par. 7158
70 ILCS 535/8from Ch. 85, par. 7458
70 ILCS 2205/17.1from Ch. 42, par. 263.1
110 ILCS 935/10from Ch. 144, par. 1460
305 ILCS 5/11-3from Ch. 23, par. 11-3
305 ILCS 5/11-3.3from Ch. 23, par. 11-3.3
310 ILCS 65/6from Ch. 67 1/2, par. 1256
410 ILCS 65/4from Ch. 111 1/2, par. 8054
820 ILCS 130/2from Ch. 48, par. 39s-2
5 ILCS 225/2from Ch. 111 2/3, par. 602
20 ILCS 3105/3from Ch. 127, par. 773
110 ILCS 945/Act title
110 ILCS 945/3from Ch. 144, par. 1603
110 ILCS 945/3.01from Ch. 144, par. 1603.01
110 ILCS 945/5from Ch. 144, par. 1605
20 ILCS 690/2from Ch. 5, par. 2252
20 ILCS 690/3from Ch. 5, par. 2253
20 ILCS 690/4from Ch. 5, par. 2254
20 ILCS 690/5from Ch. 5, par. 2255
20 ILCS 3610/3from Ch. 5, par. 1253
20 ILCS 3610/4from Ch. 5, par. 1254
30 ILCS 750/8-3from Ch. 127, par. 2708-3
510 ILCS 77/17
525 ILCS 15/4from Ch. 96 1/2, par. 9104
525 ILCS 15/6afrom Ch. 96 1/2, par. 9106a
30 ILCS 235/6from Ch. 85, par. 906
20 ILCS 505/22.4from Ch. 23, par. 5022.4
20 ILCS 1105/15from Ch. 96 1/2, par. 7415
305 ILCS 5/11-3from Ch. 23, par. 11-3
305 ILCS 5/11-3.3from Ch. 23, par. 11-3.3
410 ILCS 305/3from Ch. 111 1/2, par. 7303
5 ILCS 375/3from Ch. 127, par. 523
30 ILCS 750/8-3from Ch. 127, par. 2708-3
40 ILCS 5/14-103.04from Ch. 108 1/2, par. 14-103.04
20 ILCS 3505/Act rep.
20 ILCS 3605/Act rep.
20 ILCS 3705/Act rep.
20 ILCS 3850/Act rep.
30 ILCS 360/Act rep.
110 ILCS 1015/Act rep.
315 ILCS 15/Act rep.

Deletes everything. Creates the Illinois Finance Authority Act. Establishes the Illinois Finance Authority. Consolidates the following into the new Authority: Illinois Development Finance Authority, Illinois Farm Development Authority, Illinois Health Facilities Authority, Illinois Research Park Authority, Illinois Rural Bond Bank, Illinois Educational Facilities Authority, and Illinois Community Development Finance Corporation. Contains provisions concerning industrial revenue bonds, venture investments, land bank funds, local government, motion picture production, agricultural assistance, health facilities development, and other provisions. Repeals the Acts establishing the entities being consolidated. Amends numerous Acts to make conforming changes. Effective January 1, 2004.

Actions 
DateChamber Action
  2/19/2003SenateFiled with Secretary by Sen. Vince Demuzio
  2/19/2003SenateFirst Reading
  2/19/2003SenateReferred to Rules
  2/26/2003SenateAssigned to State Government
  3/6/2003SenateDo Pass State Government; 008-000-000
  3/6/2003SenatePlaced on Calendar Order of 2nd Reading March 11, 2003
  3/21/2003SenateSecond Reading
  3/21/2003SenatePlaced on Calendar Order of 3rd Reading March 24, 2003
  3/24/2003SenateThird Reading - Passed; 053-000-000
  3/25/2003HouseArrived in House
  3/25/2003HousePlaced on Calendar Order of First Reading
  3/28/2003HouseChief House Sponsor Rep. Richard P. Myers
  3/28/2003HouseFirst Reading
  3/28/2003HouseReferred to Rules Committee
  3/31/2003HouseAssigned to Executive Committee
  5/2/2003HouseCommittee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
  5/15/2003HouseHouse Amendment No. 1 Filed with Clerk by Executive Committee
  5/15/2003HouseHouse Amendment No. 1 Adopted in Executive Committee; by Voice Vote
  5/15/2003HouseDo Pass as Amended / Short Debate Executive Committee; 011-000-000
  5/15/2003HousePlaced on Calendar 2nd Reading - Short Debate
  5/23/2003HouseThird Reading/Final Action Deadline Extended-9(b) May 31, 2003
  5/29/2003HouseHouse Amendment No. 1 Motion Filed Rep. Richard P. Myers; to Table House Amendment
  5/29/2003HouseSecond Reading - Short Debate
  5/29/2003HouseHeld on Calendar Order of Second Reading - Short Debate
  5/30/2003HouseHouse Amendment No. 2 Filed with Clerk by Rep. Gary Hannig
  5/30/2003HouseHouse Amendment No. 2 Referred to Rules Committee
  5/30/2003HouseHouse Amendment No. 2 Rules Refers to State Government Administration Committee
  5/30/2003HouseAlternate Chief Sponsor Changed to Rep. Gary Hannig
  5/31/2003HouseHouse Amendment No. 2 Recommends Be Adopted State Government Administration Committee; 010-000-000
  5/31/2003HouseHouse Amendment No. 2 Adopted by Voice Vote
  5/31/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/31/2003HouseThird Reading - Short Debate - Passed 098-017-000
  5/31/2003SenateSecretary's Desk - Concurrence House Amendment(s) 01,02
  5/31/2003SenatePlaced on Calendar Order of Concurrence House Amendment(s) 01,02 - May 31, 2003
  5/31/2003SenateHouse Amendment No. 1 Motion to Concur Filed with Secretary Sen. Vince Demuzio
  5/31/2003SenateHouse Amendment No. 1 Motion to Concur Referred to Rules
  5/31/2003SenateHouse Amendment No. 2 Motion to Concur Filed with Secretary Sen. Vince Demuzio
  5/31/2003SenateHouse Amendment No. 2 Motion to Concur Referred to Rules
  5/31/2003SenateHouse Amendment No. 1 Motion to Concur Be Approved for Consideration Rules
  5/31/2003SenateHouse Amendment No. 2 Motion to Concur Be Approved for Consideration Rules
  5/31/2003SenateAdded as Chief Co-Sponsor Sen. Don Harmon
  5/31/2003SenateAdded as Chief Co-Sponsor Sen. Jeffrey M. Schoenberg
  5/31/2003SenateHouse Amendment No. 1 Senate Concurs 030-025-000
  5/31/2003SenateHouse Amendment No. 2 Senate Concurs 030-025-000
  5/31/2003SenatePassed Both Houses
  6/27/2003SenateSent to the Governor
  7/17/2003SenateGovernor Approved
  7/17/2003SenateEffective Date January 1, 2004
  7/17/2003SenatePublic Act . . . . . . . . . 93-0205

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