Illinois General Assembly - Bill Status for HB3135
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 Bill Status of HB3135  101st General Assembly


House Sponsors
Rep. Brad Halbrook

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
60 ILCS 1/85-65 rep.

Synopsis As Introduced
Creates the Local Accumulation of Funds Act. Provides that a unit of local government's funds, excluding the capital fund, shall not exceed an amount equal to or greater than 2.5 times the annual average expenditure of the previous 3 fiscal years of the unit of local government. Defines "capital fund" as a capital fund of a township or a similar fund of another unit of local government established to dedicate funds toward capital improvement as a part of the unit of local government's annual budget. Effective immediately.

DateChamber Action
  2/15/2019HouseFiled with the Clerk by Rep. Brad Halbrook
  2/15/2019HouseFirst Reading
  2/15/2019HouseReferred to Rules Committee
  3/5/2019HouseAssigned to Cities & Villages Committee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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