Date	Chamber	Action
8/23/2013	Senate	Public Act . . . . . . . . . 98-0525

Statutes Amended In Order of Appearance

55 ILCS 5/5-1134 new

Synopsis As Introduced
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.

House Floor Amendment No. 2
Provides that the county board of a county may borrow money for any corporate purpose from a bank or other financial institution provided that the money shall be repaid within 2 years (rather than 10 years). Deletes a provision allowing the Cook County Board President to execute a promissory note or similar debt instrument. Deletes a provision that provides that borrowing from financial institutions shall not be construed to grant any additional authority to a county to borrow money or to remove any referendum approval required of a county to borrow money.

Actions 

Date	Chamber	Action
2/6/2013	Senate	Filed with Secretary by Sen. Dave Syverson
2/6/2013	Senate	First Reading
2/6/2013	Senate	Referred to Assignments
2/14/2013	Senate	Assigned to Local Government
2/28/2013	Senate	Do Pass Local Government; 013-000-000
2/28/2013	Senate	Placed on Calendar Order of 2nd Reading March 1, 2013
2/28/2013	Senate	Added as Co-Sponsor Sen. Wm. Sam McCann
3/1/2013	Senate	Second Reading
3/1/2013	Senate	Placed on Calendar Order of 3rd Reading March 5, 2013
4/11/2013	Senate	Third Reading - Passed; 050-001-000
4/11/2013	House	Arrived in House
4/12/2013	House	Chief House Sponsor Rep. John M. Cabello
4/12/2013	House	First Reading
4/12/2013	House	Referred to Rules Committee
4/24/2013	House	Assigned to Counties & Townships Committee
5/2/2013	House	Do Pass / Short Debate Counties & Townships Committee; 004-000-000
5/2/2013	House	Placed on Calendar 2nd Reading - Short Debate
5/7/2013	House	House Floor Amendment No. 1 Filed with Clerk by Rep. John M. Cabello
5/7/2013	House	House Floor Amendment No. 1 Referred to Rules Committee
5/7/2013	House	House Floor Amendment No. 2 Filed with Clerk by Rep. John M. Cabello
5/7/2013	House	House Floor Amendment No. 2 Referred to Rules Committee
5/8/2013	House	House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 005-000-000
5/8/2013	House	House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000
5/9/2013	House	Second Reading - Short Debate
5/9/2013	House	House Floor Amendment No. 1 Withdrawn by Rep. John M. Cabello
5/9/2013	House	House Floor Amendment No. 2 Adopted
5/9/2013	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/15/2013	House	Third Reading - Short Debate - Passed 088-023-002
5/15/2013	Senate	Secretary's Desk - Concurrence House Amendment(s) 2
5/15/2013	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 2 - May 16, 2013
5/22/2013	Senate	House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Dave Syverson
5/22/2013	Senate	House Floor Amendment No. 2 Motion to Concur Referred to Assignments
5/23/2013	Senate	House Floor Amendment No. 2 Motion to Concur Assignments Referred to Local Government
5/24/2013	Senate	House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Local Government; 010-000-000
5/28/2013	Senate	House Floor Amendment No. 2 Senate Concurs 055-002-000
5/28/2013	Senate	Passed Both Houses
6/26/2013	Senate	Sent to the Governor
8/23/2013	Senate	Governor Approved
8/23/2013	Senate	Effective Date August 23, 2013
8/23/2013	Senate	Public Act . . . . . . . . . 98-0525

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