Bill Status of SB 3776   96th General Assembly

Short Description:  PENSION STABILIZATION FUND

Senate Sponsors
Sen. A. J. Wilhelmi, Mattie Hunter-Donne E. Trotter-Dan Kotowski, Kirk W. Dillard and Pamela J. Althoff

House Sponsors
(Rep. David E. Miller-Naomi D. Jakobsson)


Last Action  View All Actions

DateChamber Action
  12/30/2010SenatePublic Act . . . . . . . . . 96-1493

Statutes Amended In Order of Appearance
30 ILCS 122/20

Synopsis As Introduced
Amends the Budget Stabilization Act. Provides that, beginning in fiscal year 2011, when the increase in the Employment Cost Index, as determined by the Bureau of Labor Statistics of the U.S. Department of Labor, for the previous fiscal year exceeds 2%, the Comptroller shall transfer into the Pension Stabilization Fund from the General Revenue Fund, on at least a monthly basis, an amount equal to the amount of general funds revenues exceeding 102% of the prior fiscal year's general funds revenues for the purpose of making payments to the designated retirement systems. Effective July 1, 2010.

Senate Floor Amendment No. 1
Makes a technical change.

House Committee Amendment No. 1
Deletes reference to:
30 ILCS 122/20
Adds reference to:
New Act

Replaces everything after the enacting clause. Creates the Private Activity Bond Approval Act. Defines "host approval". Requires that a facility proposed to be financed with bonds issued by an issuer that does not have jurisdiction over the location of the facility must receive the prior approval of the Governor. Provides that the Governor must receive certain items and information before granting approval. Provides that the governmental unit in which the facility is proposed to be located may, upon the written approval of the Governor, grant host approval in its discretion. Effective January 1, 2011.

Actions 
DateChamber Action
  2/11/2010SenateFiled with Secretary by Sen. Jeffrey M. Schoenberg
  2/11/2010SenateFirst Reading
  2/11/2010SenateReferred to Assignments
  2/24/2010SenateAssigned to Executive
  3/8/2010SenateDo Pass Executive; 012-000-000
  3/8/2010SenatePlaced on Calendar Order of 2nd Reading March 9, 2010
  3/11/2010SenateSecond Reading
  3/11/2010SenatePlaced on Calendar Order of 3rd Reading March 12, 2010
  3/11/2010SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Jeffrey M. Schoenberg
  3/11/2010SenateSenate Floor Amendment No. 1 Referred to Assignments
  3/16/2010SenateSenate Floor Amendment No. 1 Assignments Refers to Executive
  3/16/2010SenateSenate Floor Amendment No. 1 Recommend Do Adopt Executive; 007-000-000
  3/18/2010SenateAdded as Co-Sponsor Sen. Mattie Hunter
  3/18/2010SenateAdded as Chief Co-Sponsor Sen. Donne E. Trotter
  3/18/2010SenateRecalled to Second Reading
  3/18/2010SenateSenate Floor Amendment No. 1 Adopted; Schoenberg
  3/18/2010SenatePlaced on Calendar Order of 3rd Reading
  3/18/2010SenateAdded as Chief Co-Sponsor Sen. Dan Kotowski
  3/18/2010SenateAdded as Co-Sponsor Sen. Kirk W. Dillard
  3/18/2010SenateThird Reading - Passed; 056-000-000
  3/18/2010HouseArrived in House
  3/18/2010HouseChief House Sponsor Rep. David E. Miller
  3/18/2010HousePlaced on Calendar Order of First Reading
  3/18/2010HouseFirst Reading
  3/18/2010HouseReferred to Rules Committee
  11/18/2010HouseFinal Action Deadline Extended-9(b) January 11, 2011
  11/18/2010HouseAssigned to Executive Committee
  11/19/2010HouseAdded Alternate Chief Co-Sponsor Rep. Naomi D. Jakobsson
  11/29/2010HouseHouse Committee Amendment No. 1 Filed with Clerk by Executive Committee
  11/29/2010HouseHouse Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
  11/29/2010HouseDo Pass as Amended / Short Debate Executive Committee; 010-000-000
  11/29/2010HousePlaced on Calendar 2nd Reading - Short Debate
  11/29/2010HouseSecond Reading - Short Debate
  11/29/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  11/30/2010HouseThird Reading - Short Debate - Passed 114-000-000
  11/30/2010SenateSecretary's Desk - Concurrence House Amendment(s) 1
  11/30/2010SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - December 1, 2010
  12/1/2010SenateAdded as Co-Sponsor Sen. Pamela J. Althoff
  12/1/2010SenateChief Sponsor Changed to Sen. A. J. Wilhelmi
  12/1/2010SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. A. J. Wilhelmi
  12/1/2010SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
  12/1/2010SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Revenue
  12/1/2010SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 007-000-000
  12/1/2010SenateHouse Committee Amendment No. 1 3/5 Vote Required
  12/1/2010SenateHouse Committee Amendment No. 1 Senate Concurs 055-000-001
  12/1/2010SenatePassed Both Houses
  12/17/2010SenateSent to the Governor
  12/30/2010SenateGovernor Approved
  12/30/2010SenateEffective Date January 1, 2011
  12/30/2010SenatePublic Act . . . . . . . . . 96-1493

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