Illinois House Bill 4597 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Slight Partisan Bill (Democrat 2-1)
Status: Passed on August 15 2014 - 100% progression
Action: 2014-08-15 - Public Act . . . . . . . . . 98-0906
Text: Latest bill text (Chaptered) [HTML]

Amends the Park District Code. Provides that the board of a park district may borrow money for any corporate purpose from a bank or other financial institution, provided that the money shall be repaid within 2 years from the general funds of the park district and such other sources of payment as are otherwise lawfully available. Prohibits the indebtedness incurred, when aggregated with the existing indebtedness of the park district, from exceeding the debt limitation otherwise provided for by law. Defines "financial institution". Effective immediately.

PARK DISTRICT-BORROWING MONEY

Sen. Robert Martwick [D]

Rep. John Cabello [R]

Sen. Jennifer Bertino-Tarrant [D]

2014-05-21 - Senate - Third Reading in Senate (Y: 50 N: 7 NV: 2 Abs: 0) [PASS]
2014-04-01 - House - Third Reading in House (Y: 82 N: 30 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2014-08-15	House	Public Act . . . . . . . . . 98-0906
2014-08-15	House	Effective Date August 15, 2014
2014-08-15	House	Governor Approved
2014-06-19	House	Sent to the Governor
2014-05-21	House	Passed Both Houses
2014-05-21	Senate	Third Reading - Passed; 050-007-000
2014-05-07	Senate	Placed on Calendar Order of 3rd Reading May 8, 2014
2014-05-07	Senate	Second Reading
2014-04-30	Senate	Placed on Calendar Order of 2nd Reading May 1, 2014
2014-04-30	Senate	Do Pass Local Government; 009-002-000
2014-04-23	Senate	Assigned to Local Government
2014-04-07	Senate	Referred to Assignments
2014-04-07	Senate	First Reading
2014-04-04	Senate	Chief Senate Sponsor Sen. Jennifer Bertino-Tarrant
2014-04-02	Senate	Placed on Calendar Order of First Reading April 3, 2014
2014-04-02	Senate	Arrive in Senate
2014-04-01	House	Third Reading - Short Debate - Passed 082-030-001
2014-03-24	House	Placed on Calendar Order of 3rd Reading - Short Debate
2014-03-24	House	Second Reading - Short Debate
2014-03-21	House	Placed on Calendar 2nd Reading - Short Debate
2014-03-21	House	Do Pass / Short Debate Counties & Townships Committee; 005-000-000
2014-03-20	House	Added Chief Co-Sponsor Rep. John M. Cabello
2014-03-03	House	Assigned to Counties & Townships Committee
2014-02-04	House	Referred to Rules Committee
2014-02-04	House	First Reading
2014-02-04	House	Filed with the Clerk by Rep. Robert F. Martwick

Chapter	Article	Section	Citation Type	Statute Text
70	1205	6-4	Amended Code	Citation Text
70	1205	6-7	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4597&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB4597.htm
Text	https://www.ilga.gov/legislation/98/HB/09800HB4597eng.htm
Text	https://www.ilga.gov/legislation/98/HB/09800HB4597enr.htm
Text	https://www.ilga.gov/legislation/publicacts/98/098-0906.htm
Roll Call	https://www.ilga.gov/Documents/legislation/votehistory/98/house/09800HB4597_04012014_021000T.pdf
Roll Call	https://www.ilga.gov/Documents/legislation/votehistory/98/senate/09800HB4597_05212014_011000T.pdf