Illinois General Assembly - Bill Status for HB5018
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 Bill Status of HB5018  102nd General Assembly


Short Description:  COOK CTY HOUSING TRUST FUND

House Sponsors
Rep. Marcus C. Evans, Jr., Robyn Gabel, Nicholas K. Smith, Justin Slaughter, Jennifer Gong-Gershowitz and Thaddeus Jones

Senate Sponsors
(Sen. Laura Fine, Ram Villivalam, Ann Gillespie and Adriane Johnson)

Last Action
DateChamber Action
  5/13/2022HousePublic Act . . . . . . . . . 102-0793

Statutes Amended In Order of Appearance
55 ILCS 5/3-11021 new


Synopsis As Introduced
Amends the Counties Code. Provides that the Cook County Treasurer shall maintain a special fund known as the Cook County Housing Trust Fund for which the Housing Authority of Cook County shall be the sole beneficiary. Provides that the Fund may receive moneys from appropriations from the State for use by the Housing Authority of Cook County, as well as loan repayments, cash distributions from equity investments, and similar cash payments generated by a funded project that may be redeposited into the Fund and used for additional projects. Specifies the use of moneys in the Fund. Requires the Cook County Treasurer, in consultation with the Housing Authority of Cook County, to make accounting annually to the Cook County Board of Commissioners through the County Clerk of the use of moneys maintained in the Fund.

 Fiscal Note (Dept. of Revenue)
 HB 5018 does not impact state revenues of the taxes administered by the Department of Revenue.

Actions 
DateChamber Action
  1/26/2022HouseFiled with the Clerk by Rep. Marcus C. Evans, Jr.
  1/27/2022HouseFirst Reading
  1/27/2022HouseReferred to Rules Committee
  2/9/2022HouseAssigned to Housing Committee
  2/16/2022HouseFiscal Note Requested by Rep. Deanne M. Mazzochi
  2/16/2022HouseDo Pass / Short Debate Housing Committee; 014-008-000
  2/17/2022HouseAdded Co-Sponsor Rep. Robyn Gabel
  2/17/2022HousePlaced on Calendar 2nd Reading - Short Debate
  2/18/2022HouseFiscal Note Filed
  2/24/2022HouseAdded Co-Sponsor Rep. Nicholas K. Smith
  3/1/2022HouseSecond Reading - Short Debate
  3/1/2022HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/3/2022HouseAdded Co-Sponsor Rep. Justin Slaughter
  3/3/2022HouseAdded Co-Sponsor Rep. Jennifer Gong-Gershowitz
  3/3/2022HouseThird Reading - Short Debate - Passed 071-039-000
  3/4/2022HouseAdded Co-Sponsor Rep. Thaddeus Jones
  3/4/2022SenateArrive in Senate
  3/4/2022SenatePlaced on Calendar Order of First Reading
  3/4/2022SenateChief Senate Sponsor Sen. Laura Fine
  3/4/2022SenateFirst Reading
  3/4/2022SenateReferred to Assignments
  3/16/2022SenateAssigned to Local Government
  3/23/2022SenateDo Pass Local Government; 005-002-000
  3/23/2022SenatePlaced on Calendar Order of 2nd Reading
  3/23/2022SenateAdded as Alternate Co-Sponsor Sen. Ram Villivalam
  3/28/2022SenateSecond Reading
  3/28/2022SenatePlaced on Calendar Order of 3rd Reading March 29, 2022
  3/29/2022SenateAdded as Alternate Co-Sponsor Sen. Ann Gillespie
  3/30/2022SenateThird Reading - Passed; 039-016-000
  3/30/2022HousePassed Both Houses
  3/30/2022SenateAdded as Alternate Co-Sponsor Sen. Adriane Johnson
  4/28/2022HouseSent to the Governor
  5/13/2022HouseGovernor Approved
  5/13/2022HouseEffective Date January 1, 2023
  5/13/2022HousePublic Act . . . . . . . . . 102-0793

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