Illinois House Bill 4582
Session 103rd
Finance-Fund Transfers
Became Law
Became Law on Jun 7, 2024
Sponsors
2 Sponsors
Robert Rita
Don Harmon
First Action
Jan 25, 2024
Latest Action
Jun 7, 2024
Origin Chamber
House
Type
Bill
Bill Number
4582
State
Illinois
Session
103rd
Don Harmon
grade
Primary
Robert Rita
grade
Primary
Motion Text
Concurrence, Amendment 1
House Roll Call Votes
No
Excused
Excused
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Excused
Johnson
Yes
Jones
Excused
Yes
Yes
Excused
Excused
Yes
Yes
Yes
Ortiz
Yes
Yes
Yes
Excused
Yes
Yes
Yes
Yes
Summary
Amends the State Finance Act. Provides for the transfer of certain moneys into the Audit Expense Fund. Effective immediately.
Senate Floor Amendment No. 1
Deletes reference to:
30 ILCS 105/6z-20.1
Adds reference to:
30 ILCS 105/6z-78
30 ILCS 330/2
from Ch. 127, par. 652
30 ILCS 330/3
from Ch. 127, par. 653
30 ILCS 330/9
from Ch. 127, par. 659
30 ILCS 425/2
from Ch. 127, par. 2802
30 ILCS 425/4
from Ch. 127, par. 2804
30 ILCS 425/6
from Ch. 127, par. 2806
30 ILCS 425/13
from Ch. 127, par. 2813
20 ILCS 3805/22
from Ch. 67 1/2, par. 322
30 ILCS 350/10
from Ch. 17, par. 6910
30 ILCS 350/16
from Ch. 17, par. 6916
30 ILCS 350/17
from Ch. 17, par. 6917
35 ILCS 200/18-185
105 ILCS 5/10-22.36
from Ch. 122, par. 10-22.36
105 ILCS 5/17-2.11
from Ch. 122, par. 17-2.11
105 ILCS 5/19-1
105 ILCS 5/20-2
from Ch. 122, par. 20-2
Replaces everything after the enacting clause. Amends the State Finance Act. Provides that, if and when the State of Illinois incurs any bonded indebtedness using the general obligation bond authorizations for capital projects enacted in the amendatory Act (and in other Acts), moneys in the Capital Projects Fund shall be set aside and used for the purpose of paying and discharging annually the principal and interest on that (and other) bonded indebtedness. Provides that, upon each delivery of general obligation bonds for capital projects using bond authorizations enacted in the amendatory Act (and other Acts), the Comptroller shall compute and certify to the State Treasurer the total amount of principal of, interest on, and premium, if any, on such bonds during the then current and each succeeding fiscal year. Amends the General Obligation Bond Act. Increases the State's total general obligation bond authorization from $79,440,839,969 to $81,789,839,969. Increases the amount of bond funds that may be used for various purposes. Specifies that bonds issued under the Act during fiscal year 2025 may be issued with principal or mandatory redemption amounts in unequal amounts. Amends the Build Illinois Bond Act. Increases the bond authorization under the Act from $10,019,681,100 to $10,758,681,100. Authorizes the use of bond proceeds for fostering the advancement of quantum information science and technology. Increases the amount of bond proceeds that may be used for various purposes under the Act. Specifies that bonds issued under the Act during fiscal year 2025 may be issued with principal or mandatory redemption amounts in unequal amounts. Amends the Illinois Housing Development Act. Increases the maximum bond authorization from $7,200,000,000 to $11,500,000,000. Amends the Local Government Debt Reform Act. Provides that certain bonds issued by school districts shall become due within 30 years (currently, 25 years) after they are issued. Provides that the county clerk shall accept certificates abating property taxes levied for the payment of principal and interest on general obligation bonds electronically. Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that extensions made for the payment of principal and interest on certain school construction bonds are not included in the district's aggregate extension. Amends the School Code. Provides that, beginning September 1, 2024, no referendum shall be required to build or purchase a building for school classroom or instructional purposes if, prior to the building or purchase of the building, the board determines, by resolution, that the building or purchase will result in an increase in pre-kindergarten or kindergarten classroom space in the district. Provides that certain bonds issued by school districts and authorized by an election held on or after November 5, 2024, and on any bonds issued to refund or continue to refund such bonds, shall not be considered indebtedness for purposes of any statutory debt limitation and must mature within 30 years from their date. Makes other changes concerning the issuance of bonds. Effective July 1, 2024.
Introduced
Engrossed
Enrolled
Sort by most recent
06/07/2024
House
Public Act . . . . . . . . . 103-0591
06/07/2024
House
Effective Date July 1, 2024
06/07/2024
House
Governor Approved
06/06/2024
House
Sent to the Governor
06/03/2024
House
Passed Both Houses
06/03/2024
House
Motion Withdrawn Rep. Emanuel "Chris" Welch
05/29/2024
House
Motion Filed to Reconsider Vote Rep. Emanuel "Chris" Welch
05/29/2024
House
House Concurs
05/29/2024
House
Senate Floor Amendment No. 1 House Concurs 072-038-000
05/29/2024
House
3/5 Vote Required
05/28/2024
House
Chief Sponsor Changed to Rep. Robert "Bob" Rita
05/28/2024
House
Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 005-000-000
05/28/2024
House
Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
05/28/2024
House
Senate Floor Amendment No. 1 Motion Filed Concur Rep. Emanuel "Chris" Welch
05/28/2024
House
Chief Sponsor Changed to Rep. Emanuel "Chris" Welch
05/28/2024
House
Remove Chief Co-Sponsor Rep. Emanuel "Chris" Welch
05/28/2024
House
Added Chief Co-Sponsor Rep. Emanuel "Chris" Welch
05/26/2024
House
Placed on Calendar Order of Concurrence Senate Amendment(s) 1
05/26/2024
House
Arrived in House
05/26/2024
Senate
Third Reading - Passed; 040-018-000
05/26/2024
Senate
3/5 Vote Required
05/26/2024
Senate
Placed on Calendar Order of 3rd Reading
05/26/2024
Senate
Senate Floor Amendment No. 1 Adopted; Harmon
05/26/2024
Senate
Recalled to Second Reading
05/26/2024
Senate
Senate Floor Amendment No. 1 Be Approved for Consideration Assignments
05/26/2024
Senate
Alternate Chief Sponsor Changed to Sen. Don Harmon
05/26/2024
Senate
Senate Floor Amendment No. 1 Referred to Assignments
05/26/2024
Senate
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon
05/25/2024
Senate
Rule 2-10 Third Reading Deadline Established As May 26, 2024
05/24/2024
Senate
Rule 2-10 Third Reading Deadline Established As May 25, 2024
05/17/2024
Senate
Rule 2-10 Third Reading/Passage Deadline Established As May 24, 2024
05/17/2024
Senate
Placed on Calendar Order of 3rd Reading May 20, 2024
05/17/2024
Senate
Second Reading
04/30/2024
Senate
Placed on Calendar Order of 2nd Reading May 1, 2024
04/30/2024
Senate
Approved for Consideration Assignments
04/24/2024
Senate
Referred to Assignments
04/24/2024
Senate
First Reading
04/24/2024
Senate
Chief Senate Sponsor Sen. Elgie R. Sims, Jr.
04/19/2024
Senate
Placed on Calendar Order of First Reading April 30, 2024
04/19/2024
Senate
Arrive in Senate
04/18/2024
House
Third Reading - Short Debate - Passed 108-000-000
04/18/2024
House
Placed on Calendar Order of 3rd Reading - Short Debate
04/17/2024
House
Held on Calendar Order of Second Reading - Short Debate
04/17/2024
House
Second Reading - Short Debate
04/12/2024
House
Placed on Calendar 2nd Reading - Short Debate
04/12/2024
House
Do Pass / Short Debate Appropriations-General Services Committee; 015-000-000
04/05/2024
House
Committee/3rd Reading Deadline Extended-Rule May 24, 2024
02/28/2024
House
Assigned to Appropriations-General Services Committee
01/31/2024
House
Referred to Rules Committee
01/31/2024
House
First Reading
01/25/2024
House
Filed with the Clerk by Rep. Fred Crespo
Sources
IL Legislature
Record Created
Jan 26, 2024 3:06:15 AM
Record Updated
Nov 3, 2024 3:36:34 AM