IL SB3247 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 3 2026 - 25% progression
Action: 2026-05-22 - Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 3 2026 - 25% progression
Action: 2026-05-22 - Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Finance Authority Act. In provisions concerning bond authorization and financing limits for clean coal projects, coal projects, energy efficiency projects, PACE projects, and renewable energy projects, provides that the limitations apply to outstanding bonds (instead of issued bonds). Provides that those limitations do not include bonds issued to refund the bonds of the Illinois Finance Authority or bonds of predecessor authorities. Provides that no member, officer, or employee of the Illinois Finance Authority may be in any manner financially interested in any contract or agreement upon which that person may be called to act or vote. Requires those members, officers, and employees to abstain from deliberating or voting on the award or material modification of any contract or agreement in which that person holds a financial interest. Provides that no member, officer, or employee of the Illinois Finance Authority may take or receive, or offer to take or receive, any money or other thing of value as a gift, bribe, or means of influencing that person's vote or action in that person's official capacity. Amends the Public Officer Prohibited Activities Act. Provides that certain provisions do not apply to the members and officers of the Illinois Finance Authority. Makes other changes.
Title
FINANCE-IFA ETHICS
Sponsors
| Sen. Elgie Sims [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2026-05-22 | Senate | Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments |
| 2026-05-22 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2026-05-15 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026 |
| 2026-04-29 | Senate | Senate Committee Amendment No. 1 To Ethics |
| 2026-04-28 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Executive |
| 2026-04-24 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026 |
| 2026-04-23 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2026-04-23 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Elgie R. Sims, Jr. |
| 2026-03-27 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2026 |
| 2026-03-13 | Senate | Rule 2-10 Committee Deadline Established As March 27, 2026 |
| 2026-02-18 | Senate | To Ethics |
| 2026-02-17 | Senate | Assigned to Executive |
| 2026-02-03 | Senate | Referred to Assignments |
| 2026-02-03 | Senate | First Reading |
| 2026-02-03 | Senate | Filed with Secretary by Sen. Elgie R. Sims, Jr. |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 20 | 3501 | 825-65 | Amended Code | Citation Text |
| 20 | 3501 | 845-45 | Amended Code | Citation Text |
| 50 | 105 | 3 | Amended Code | Citation Text |
