2023-2024 Regular Session • Illinois Legislature
HB3340: MUNI CD-BORROWING FROM THE IFA
Legislative Summary
Amends the Illinois Municipal Code. In provisions relating to a municipality borrowing money from a bank or other financial institution, modifies the definition of "financial institution" to include the Illinois Finance Authority.
Bill History
2/17/2023
Filed with the Clerk by Rep. Kelly M. Burke
House of Representatives
2/17/2023
First Reading
House of Representatives
2/17/2023
Referred to Rules Committee
House of Representatives
2/28/2023
Assigned to Financial Institutions and Licensing Committee
House of Representatives
3/7/2023
Added Chief Co-Sponsor Rep. Eva-Dina Delgado
House of Representatives
3/7/2023
Do Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000
House of Representatives
3/8/2023
Placed on Calendar 2nd Reading - Short Debate
House of Representatives
3/15/2023
Second Reading - Short Debate
House of Representatives
3/15/2023
Placed on Calendar Order of 3rd Reading - Short Debate
House of Representatives
3/22/2023
Third Reading - Short Debate - Passed 112-000-000
House of Representatives
3/22/2023
Added Chief Co-Sponsor Rep. John Egofske
House of Representatives
3/22/2023
Added Co-Sponsor Rep. Debbie Meyers-Martin
House of Representatives
3/23/2023
Arrive in Senate
Senate
3/23/2023
Placed on Calendar Order of First Reading
Senate
3/23/2023
Chief Senate Sponsor Sen. Bill Cunningham
Senate
3/23/2023
First Reading
Senate
3/23/2023
Referred to Assignments
Senate
4/12/2023
Assigned to Executive
Senate
4/20/2023
Do Pass Executive; 013-000-000
Senate
4/20/2023
Placed on Calendar Order of 2nd Reading April 25, 2023
Senate
4/26/2023
Second Reading
Senate
4/26/2023
Placed on Calendar Order of 3rd Reading April 27, 2023
Senate
5/5/2023
Placed on Calendar Order of 3rd Reading ** May 8, 2023
Senate
5/11/2023
Third Reading - Passed; 055-001-000
Senate
5/11/2023
Passed Both Houses
House of Representatives
6/9/2023
Sent to the Governor
House of Representatives
6/30/2023
Governor Approved
House of Representatives
6/30/2023
Effective Date January 1, 2024
House of Representatives
6/30/2023
Public Act . . . . . . . . . 103-0187
House of Representatives
Roll Call Votes
Motion in Senate
5/11/2023
55
Yea
1
Nay
3
Not Voting
0
Absent
Result: PASSED
Third Reading in House
3/22/2023
112
Yea
0
Nay
1
Not Voting
2
Absent
Result: PASSED
Status Information
Current Status
Passed(6/30/2023)
Chamber
House of Representatives
Sponsors
Democrat: 4
Republican: 1
Primary Sponsor
Kelly Burke
Democrat