Illinois General Assembly - Bill Status for SB2991
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 Bill Status of SB2991  98th General Assembly


Short Description:  PARK DISTRICT-BORROWING MONEY

Senate Sponsors
Sen. John J. Cullerton - Kimberly A. Lightford, Sue Rezin, John G. Mulroe and Dave Syverson

House Sponsors
(Rep. Lou Lang  and Mary E. Flowers)

Last Action
DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
70 ILCS 1205/6-4from Ch. 105, par. 6-4
70 ILCS 1205/6-7 new


Synopsis As Introduced
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.

House Committee Amendment No. 1
Deletes reference to:
70 ILCS 1205/6-4from Ch. 105. par. 6-4
70 ILCS 1205/6-7 new
Adds reference to:
70 ILCS 1707/1

Replaces everything after the enacting clause. Amends the Regional Planning Act. Makes a technical change in a Section concerning the short title.

Actions 
DateChamber Action
  2/4/2014SenateFiled with Secretary by Sen. Jennifer Bertino-Tarrant
  2/4/2014SenateFirst Reading
  2/4/2014SenateReferred to Assignments
  2/19/2014SenateAssigned to Local Government
  2/20/2014SenateAdded as Co-Sponsor Sen. Sue Rezin
  2/26/2014SenateDo Pass Local Government; 009-003-001
  2/26/2014SenatePlaced on Calendar Order of 2nd Reading February 27, 2014
  2/27/2014SenateSecond Reading
  2/27/2014SenatePlaced on Calendar Order of 3rd Reading March 4, 2014
  3/4/2014SenateAdded as Co-Sponsor Sen. John G. Mulroe
  3/19/2014SenateAdded as Co-Sponsor Sen. Dave Syverson
  3/19/2014SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
  4/3/2014SenateThird Reading - Passed; 042-009-000
  4/3/2014HouseArrived in House
  4/3/2014HouseChief House Sponsor Rep. Robert F. Martwick
  4/3/2014HouseFirst Reading
  4/3/2014HouseReferred to Rules Committee
  5/14/2014HouseAssigned to Revenue & Finance Committee
  5/16/2014HouseCommittee Deadline Extended-Rule 9(b) May 23, 2014
  5/19/2014HouseAdded Alternate Co-Sponsor Rep. Mary E. Flowers
  5/23/2014HouseFinal Action Deadline Extended-9(b) May 30, 2014
  5/23/2014HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Barbara Flynn Currie
  5/23/2014HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  5/26/2014HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  5/27/2014HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-002-000
  5/27/2014HouseRemains in Revenue & Finance Committee
  5/27/2014HouseHouse Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
  5/27/2014HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 006-004-000
  5/27/2014HousePlaced on Calendar 2nd Reading - Short Debate
  5/27/2014SenateChief Sponsor Changed to Sen. John J. Cullerton
  5/27/2014HouseSecond Reading - Short Debate
  5/27/2014HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/28/2014HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Lou Lang
  5/28/2014HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  5/29/2014HouseHouse Floor Amendment No. 2 Rules Refers to Business & Occupational Licenses Committee
  5/29/2014HouseAlternate Chief Sponsor Changed to Rep. Lou Lang
  5/30/2014HouseHouse Floor Amendment No. 2 Recommends Be Adopted - Lost Business & Occupational Licenses Committee; 006-004-002
  5/30/2014HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2015SenateSession Sine Die

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