Illinois General Assembly - Bill Status for SB0324
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 Bill Status of SB0324  102nd General Assembly


Short Description:  SHORT TERM BORROWING

Senate Sponsors
Sen. Jeffrey M. Schoenberg - Dan Kotowski - Kimberly A. Lightford - Iris Y. Martinez, Dale A. Righter, Ira I. Silverstein, Antonio Muñoz and Michael W. Frerichs

Last Action
DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 340/1.2 new
30 ILCS 340/2from Ch. 120, par. 407
30 ILCS 340/3from Ch. 120, par. 408


Synopsis As Introduced
Amends the Short Term Borrowing Act. Authorizes the Governor, Comptroller, and Treasurer to borrow principal amounts not to exceed a total of $1,500,000,000, at any time and from time to time outstanding, to be applied to the purposes of paying hospital access improvement payments under the Public Aid Code and in order to obtain all funds available to the State under federal economic stimulus and recovery programs, together with paying debts and associated expenses incurred in connection with the borrowing. Provides that all moneys so borrowed shall be borrowed for a period not to exceed one year. Effective immediately.

Senate Committee Amendment No. 1
Further amends the Short Term Borrowing Act. Provides that the purpose of the borrowing is to pay hospital access improvement payments "as set forth in the Title XIX State plan amendments submitted by the Department of Healthcare and Family Services and approved by the Center for Medicaid and State Operations as required in 305 ILCS 5/5a-12.2 and to obtain any additional federal funds available to the State under the American Recovery and Reinvestment Act of 2009 enacted by the 111th United States Congress".

Senate Floor Amendment No. 3
Provides that the authority to incur debt under the Section expires on June 30, 2013.

Actions 
DateChamber Action
  2/6/2009SenateFiled with Secretary by Sen. Jeffrey M. Schoenberg
  2/6/2009SenateFirst Reading
  2/6/2009SenateReferred to Assignments
  2/10/2009SenateAdded as Co-Sponsor Sen. Dale A. Righter
  2/18/2009SenateAssigned to Executive
  2/20/2009SenateAdded as Chief Co-Sponsor Sen. Dan Kotowski
  2/24/2009SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Jeffrey M. Schoenberg
  2/24/2009SenateSenate Committee Amendment No. 1 Referred to Assignments
  2/25/2009SenateSenate Committee Amendment No. 1 Assignments Refers to Executive
  2/26/2009SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
  2/26/2009SenateSenate Committee Amendment No. 1 Adopted
  2/27/2009SenateDo Pass as Amended Executive; 013-000-000
  2/27/2009SenatePlaced on Calendar Order of 2nd Reading March 4, 2009
  3/4/2009SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Dale A. Righter
  3/4/2009SenateSenate Floor Amendment No. 2 Referred to Assignments
  3/9/2009SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Jeffrey M. Schoenberg
  3/9/2009SenateSenate Floor Amendment No. 3 Referred to Assignments
  3/16/2009SenateAdded as Co-Sponsor Sen. Ira I. Silverstein
  3/18/2009SenateSenate Floor Amendment No. 3 Assignments Refers to Executive
  3/19/2009SenateAdded as Co-Sponsor Sen. Antonio Muñoz
  3/25/2009SenateAdded as Co-Sponsor Sen. Michael W. Frerichs
  3/30/2009SenateSecond Reading
  3/30/2009SenatePlaced on Calendar Order of 3rd Reading March 31, 2009
  3/31/2009SenateSenate Floor Amendment No. 3 Recommend Do Adopt Executive; 010-000-000
  4/2/2009SenateRecalled to Second Reading
  4/2/2009SenateSenate Floor Amendment No. 3 Adopted; Schoenberg
  4/2/2009SenatePlaced on Calendar Order of 3rd Reading April 21, 2009
  4/3/2009SenateRule 2-10 Third Reading Deadline Established As April 30, 2009
  4/28/2009SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez
  8/15/2009SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  1/12/2011SenateSession Sine Die

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