Illinois Senate Bill 1430 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 3-0)
Status: Passed on August 23 2013 - 100% progression
Action: 2013-08-23 - Public Act . . . . . . . . . 98-0525
Text: Latest bill text (Chaptered) [HTML]

Amends the Counties Code. Provides that the county board of a county may borrow money for county purposes from one fund for the use of another fund, as long as it is repaid within the current fiscal year. Provides that the county board of a county may borrow money from any bank or financial institution, provided that the money shall be repaid within 10 years from the time the money is borrowed. Sets forth requirements concerning the documentation of the loan. Prohibits the indebtedness incurred, when aggregated with the existing indebtedness of the county, from exceeding the debt limitation otherwise provided for by law. Defines "financial institution". Effective immediately.

COUNTIES CD-BORROWING MONEY

Sen. Dave Syverson [R]

Sen. William McCann [R]

Rep. John Cabello [R]

2013-05-28 - Senate - Concurrence in Senate (Y: 55 N: 2 NV: 2 Abs: 0) [PASS]
2013-05-15 - House - Third Reading in House (Y: 88 N: 23 NV: 4 Abs: 0) [PASS]
2013-04-11 - Senate - Third Reading in Senate (Y: 50 N: 1 NV: 8 Abs: 0) [PASS]

Date	Chamber	Action
2013-08-23	Senate	Public Act . . . . . . . . . 98-0525
2013-08-23	Senate	Effective Date August 23, 2013
2013-08-23	Senate	Governor Approved
2013-06-26	Senate	Sent to the Governor
2013-05-28	Senate	Passed Both Houses
2013-05-28	Senate	House Floor Amendment No. 2 Senate Concurs 055-002-000
2013-05-24	Senate	House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Local Government; 010-000-000
2013-05-23	Senate	House Floor Amendment No. 2 Motion to Concur Assignments Referred to Local Government
2013-05-22	Senate	House Floor Amendment No. 2 Motion to Concur Referred to Assignments
2013-05-22	Senate	House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Dave Syverson
2013-05-15	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 2 - May 16, 2013
2013-05-15	Senate	Secretary's Desk - Concurrence House Amendment(s) 2
2013-05-15	House	Third Reading - Short Debate - Passed 088-023-002
2013-05-09	House	Placed on Calendar Order of 3rd Reading - Short Debate
2013-05-09	House	House Floor Amendment No. 2 Adopted
2013-05-09	House	House Floor Amendment No. 1 Withdrawn by Rep. John M. Cabello
2013-05-09	House	Second Reading - Short Debate
2013-05-08	House	House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000
2013-05-08	House	House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 005-000-000
2013-05-07	House	House Floor Amendment No. 2 Referred to Rules Committee
2013-05-07	House	House Floor Amendment No. 2 Filed with Clerk by Rep. John M. Cabello
2013-05-07	House	House Floor Amendment No. 1 Referred to Rules Committee
2013-05-07	House	House Floor Amendment No. 1 Filed with Clerk by Rep. John M. Cabello
2013-05-02	House	Placed on Calendar 2nd Reading - Short Debate
2013-05-02	House	Do Pass / Short Debate Counties & Townships Committee; 004-000-000
2013-04-24	House	Assigned to Counties & Townships Committee
2013-04-12	House	Referred to Rules Committee
2013-04-12	House	First Reading
2013-04-12	House	Chief House Sponsor Rep. John M. Cabello
2013-04-11	House	Arrived in House
2013-04-11	Senate	Third Reading - Passed; 050-001-000
2013-03-01	Senate	Placed on Calendar Order of 3rd Reading March 5, 2013
2013-03-01	Senate	Second Reading
2013-02-28	Senate	Added as Co-Sponsor Sen. Wm. Sam McCann
2013-02-28	Senate	Placed on Calendar Order of 2nd Reading March 1, 2013
2013-02-28	Senate	Do Pass Local Government; 013-000-000
2013-02-14	Senate	Assigned to Local Government
2013-02-06	Senate	Referred to Assignments
2013-02-06	Senate	First Reading
2013-02-06	Senate	Filed with Secretary by Sen. Dave Syverson

Chapter	Article	Section	Citation Type	Statute Text
55	5	5-1134	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1430&GAID=12&DocTypeID=SB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/SB/09800SB1430.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB1430eng.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB1430ham001.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB1430ham002.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB1430enr.htm
Text	https://www.ilga.gov/legislation/publicacts/98/098-0525.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/98/senate/09800SB1430_04112013_036000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/98/house/09800SB1430_05152013_007000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/98/senate/09800SB1430_05282013_002000C.pdf