Illinois House Bill 3551

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on June 7 2023 - 100% progression
Action: 2023-06-07 - Public Act . . . . . . . . . 103-0007
Text: Latest bill text (Chaptered) [HTML]

Establishes the Bond Authorization Act of 2023. Amends the General Obligation Bond Act. Increases the total amount that the State of Illinois is authorized to issue in general obligation bonds from $79,256,839,969 to $79,440,839,969. Increases the amount of bond proceeds authorized to be used for various capital purposes. Increases the amount of bond proceeds authorized to be used by the Illinois Environmental Protection Agency for grants or loans to units of local government for planning, financing, and constructing sewage treatment works and solid waste disposal facilities. Decreases the amount of bond proceeds authorized to be used for specified coal and energy development purposes. Specifies that refunding bonds shall mature within the term of the bonds being refunded. Amends the Build Illinois Bond Act. Increases the total amount that the State of Illinois is authorized to issue in Build Illinois Act bonds from $9,484,681,100 to $10,019,681,100. Increases the amount of Build Illinois Act bond proceeds that may be used for various purposes. Provides that costs for advertising, printing, bond rating, travel of outside vendors, security, delivery, and legal and financial advisory services, initial fees of trustees, registrars, paying agents and other fiduciaries, initial costs of credit or liquidity enhancement arrangements, initial fees of indexing and remarketing agents, and initial costs of interest rate swaps, guarantees or arrangements to limit interest rate risk, as determined in the related Bond Sale Order, may be paid as reasonable costs of issuance and sale from the proceeds of each Bond sale. Allows 1% (rather than 0.5%) of the proceeds of bond sales to be used for specified costs. Requires the Governor's Office of Management and Budget to supply summaries of costs to the legislative leaders and the Commission on Government Forecasting and Accountability. Makes changes in provisions concerning the selection of bond counsel, the sale of bonds, and the maturing of refunding bonds. Makes other technical changes. Effective July 1, 2023.

PROCUREMENT CD-SINGLE PRIME

Rep. Jay Hoffman [D]

Sen. Don Harmon [D]

Sen. Elgie Sims [D]

2023-05-26 - House - Concurrence in House (Y: 74 N: 37 NV: 1 Abs: 2) [PASS]
2023-05-26 - House - Concurrence in House (Y: 74 N: 37 NV: 1 Abs: 2) [PASS]
2023-05-25 - Senate - Third Reading in Senate (Y: 37 N: 19 NV: 3 Abs: 0) [PASS]
2023-03-23 - House - Third Reading in House (Y: 112 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2023-06-07	House	Public Act . . . . . . . . . 103-0007
2023-06-07	House	Effective Date July 1, 2023
2023-06-07	House	Governor Approved
2023-06-07	House	Sent to the Governor
2023-05-27	House	Passed Both Houses
2023-05-27	House	House Concurs
2023-05-27	House	Senate Floor Amendment No. 2 House Concurs 074-037-000
2023-05-27	House	Senate Committee Amendment No. 1 House Concurs 074-037-000
2023-05-26	House	Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Executive Committee; 008-004-000
2023-05-26	House	Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Executive Committee; 008-004-000
2023-05-26	House	Senate Floor Amendment No. 2 Motion to Concur Referred to Executive Committee
2023-05-26	House	Senate Committee Amendment No. 1 Motion to Concur Referred to Executive Committee
2023-05-26	House	Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee
2023-05-26	House	Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
2023-05-26	House	Senate Floor Amendment No. 2 Motion Filed Concur Rep. Jay Hoffman
2023-05-26	House	Senate Committee Amendment No. 1 Motion Filed Concur Rep. Jay Hoffman
2023-05-25	House	Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2
2023-05-25	House	Arrived in House
2023-05-25	Senate	Third Reading - Passed; 037-019-000
2023-05-25	Senate	3/5 Vote Required
2023-05-25	Senate	Placed on Calendar Order of 3rd Reading
2023-05-25	Senate	Senate Floor Amendment No. 2 Adopted; Harmon
2023-05-25	Senate	Recalled to Second Reading
2023-05-25	Senate	Senate Floor Amendment No. 2 Be Approved for Consideration Assignments
2023-05-25	Senate	Added as Alternate Chief Co-Sponsor Sen. Elgie R. Sims, Jr.
2023-05-24	Senate	Senate Floor Amendment No. 2 Referred to Assignments
2023-05-24	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon
2023-05-19	Senate	Rule 2-10 Third Reading Deadline Established As May 25, 2023
2023-05-12	Senate	Rule 2-10 Third Reading Deadline Established As May 19, 2023
2023-05-11	Senate	Rule 2-10 Third Reading Deadline Established As May 25, 2023
2023-05-11	Senate	Placed on Calendar Order of 3rd Reading May 15, 2023
2023-05-11	Senate	Second Reading
2023-05-10	Senate	Placed on Calendar Order of 2nd Reading May 11, 2023
2023-05-10	Senate	Do Pass as Amended Executive; 009-004-000
2023-05-10	Senate	Senate Committee Amendment No. 1 Adopted; Executive
2023-05-10	Senate	Waive Posting Notice
2023-05-10	Senate	Senate Committee Amendment No. 1 Assignments Refers to Executive
2023-05-09	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2023-05-09	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
2023-05-09	Senate	Alternate Chief Sponsor Changed to Sen. Don Harmon
2023-05-09	Senate	Rule 2-10 Committee Deadline Established As May 19, 2023
2023-05-09	Senate	Re-assigned to Executive
2023-04-28	Senate	Rule 3-9(a) / Re-referred to Assignments
2023-04-18	Senate	Assigned to Executive
2023-03-24	Senate	Referred to Assignments
2023-03-24	Senate	First Reading
2023-03-24	Senate	Chief Senate Sponsor Sen. Christopher Belt
2023-03-24	Senate	Placed on Calendar Order of First Reading
2023-03-24	Senate	Arrive in Senate
2023-03-23	House	Third Reading - Short Debate - Passed 112-000-000
2023-03-22	House	Placed on Calendar Order of 3rd Reading - Short Debate
2023-03-22	House	House Floor Amendment No. 2 Adopted
2023-03-22	House	Second Reading - Short Debate
2023-03-15	House	House Floor Amendment No. 2 Recommends Be Adopted State Government Administration Committee; 008-000-000
2023-03-15	House	House Floor Amendment No. 2 Rules Refers to State Government Administration Committee
2023-03-13	House	House Floor Amendment No. 2 Referred to Rules Committee
2023-03-13	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Jay Hoffman
2023-03-10	House	Placed on Calendar 2nd Reading - Short Debate
2023-03-09	House	Placed on Calendar 2nd Reading - Short Debate
2023-03-08	House	Do Pass as Amended / Short Debate State Government Administration Committee; 008-000-000
2023-03-08	House	House Committee Amendment No. 1 Adopted in State Government Administration Committee; 008-000-000
2023-03-07	House	House Committee Amendment No. 1 Rules Refers to State Government Administration Committee
2023-03-03	House	House Committee Amendment No. 1 Referred to Rules Committee
2023-03-03	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
2023-02-28	House	Assigned to State Government Administration Committee
2023-02-17	House	Referred to Rules Committee
2023-02-17	House	First Reading
2023-02-17	House	Filed with the Clerk by Rep. Jay Hoffman

Chapter	Article	Section	Citation Type	Statute Text
30	500	1-15.93	Amended Code	Citation Text
30	500	30-30	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3551&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB3551.htm
Text	https://www.ilga.gov/legislation/103/HB/10300HB3551eng.htm
Text	https://www.ilga.gov/legislation/103/HB/10300HB3551enr.htm
Text	https://www.ilga.gov/legislation/publicacts/103/103-0007.htm
Amendment	https://www.ilga.gov/legislation/103/HB/10300HB3551ham001.htm
Amendment	https://www.ilga.gov/legislation/103/HB/10300HB3551ham002.htm
Amendment	https://www.ilga.gov/legislation/103/HB/10300HB3551sam001.htm
Amendment	https://www.ilga.gov/legislation/103/HB/10300HB3551sam002.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/103/house/10300HB3551_03232023_028000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/103/senate/10300HB3551_05252023_009000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/103/house/10300HB3551sam002_05262023_009001C.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/103/house/10300HB3551sam001_05262023_009000C.pdf