---
type: "Bill"
title: "FINANCE AUTHORITY-BOND LIMITS"
description: "Amends the Illinois Finance Authority Act. Increases the limit on the aggregate principal amount of bonds that may be outstanding at any one time from $25,200,000,000 to $30,000,000,000. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "95th"
identifier: "SB 1327"
citation: "Illinois SB 1327 (95th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 48
vote_count: 3
first_action: "2007-02-09"
last_action: "2007-11-06"
source: "openstates"
source_identifier: "ocd-bill/e766ca8a-441b-42c2-8ed8-fc00e9903587"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1327&GAID=9&DocTypeID=SB&LegId=29409&SessionID=51&GA=95"
source_hash: "ec2a3a58b5094511fbc7a8762ee0834e26d4a8d8b74380dae89792c1b2ef5c5e"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois SB 1327 (95th) — FINANCE AUTHORITY-BOND LIMITS

Amends the Illinois Finance Authority Act. Increases the limit on the aggregate principal amount of bonds that may be outstanding at any one time from $25,200,000,000 to $30,000,000,000. Effective immediately.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500SB1327&GA=95&SessionId=51&DocTypeId=SB&LegID=29409&DocNum=1327&GAID=9&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500SB1327eng&GA=95&SessionId=51&DocTypeId=SB&LegID=29409&DocNum=1327&GAID=9&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500SB1327enr&GA=95&SessionId=51&DocTypeId=SB&LegID=29409&DocNum=1327&GAID=9&Session=&print=true)

## Votes

- Concurrence — **36–21** (pass) · upper
- Third Reading — **80–36** (pass) · lower
- Third Reading — **38–14** (pass) · upper

## Sponsors

- Jeffrey M. Schoenberg — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2007-02-09** Filed with Secretary by Sen. Jeffrey M. Schoenberg `filing`
- **2007-02-09** First Reading `reading-1`
- **2007-02-09** Referred to Rules `referral-committee`
- **2007-03-07** Assigned to Executive `referral-committee`
- **2007-03-08** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Jeffrey M. Schoenberg `amendment-introduction`
- **2007-03-08** Senate Committee Amendment No. 1 Referred to Rules `referral-committee`
- **2007-03-14** Senate Committee Amendment No. 1 Rules Refers to Executive
- **2007-03-14** Senate Committee Amendment No. 1 Adopted `amendment-passage`
- **2007-03-15** Do Pass as Amended Executive; 012-000-000 `committee-passage`
- **2007-03-15** Placed on Calendar Order of 2nd Reading March 20, 2007
- **2007-03-20** Fiscal Note Requested by Sen. Dale A. Righter
- **2007-03-21** Fiscal Note Filed as amended by Senate Amendment No. 1, from the Illinois Finance Authority.
- **2007-03-29** Second Reading `reading-2`
- **2007-03-29** Placed on Calendar Order of 3rd Reading March 30, 2007
- **2007-03-30** Rule 2-10 Third Reading Deadline Established As May 31, 2007 `reading-3`
- **2007-04-19** Third Reading - Passed; 038-014-000 `reading-3, passage`
- **2007-04-20** Arrived in House `introduction`
- **2007-04-20** Placed on Calendar Order of First Reading `reading-1`
- **2007-04-20** Chief House Sponsor Rep. Gary Hannig
- **2007-04-20** First Reading `reading-1`
- **2007-04-20** Referred to Rules Committee `referral-committee`
- **2007-04-30** Assigned to Executive Committee `referral-committee`
- **2007-05-18** Committee Deadline Extended-Rule 9(b) May 25, 2007
- **2007-05-25** Final Action Deadline Extended-9(b) May 31, 2007
- **2007-05-30** House Committee Amendment No. 1 Filed with Clerk by Executive Committee `amendment-introduction`
- **2007-05-30** House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote `amendment-passage`
- **2007-05-30** Do Pass as Amended / Short Debate Executive Committee; 013-000-000 `committee-passage`
- **2007-05-30** Placed on Calendar 2nd Reading - Short Debate
- **2007-05-30** Second Reading - Short Debate `reading-2`
- **2007-05-30** Placed on Calendar Order of 3rd Reading - Short Debate
- **2007-05-31** Third Reading - Short Debate - Passed 080-036-000 `reading-3, passage`
- **2007-05-31** Added Alternate Chief Co-Sponsor Rep. Carolyn H. Krause
- **2007-05-31** Added Alternate Chief Co-Sponsor Rep. Jim Watson
- **2007-05-31** Added Alternate Chief Co-Sponsor Rep. Jim Sacia
- **2007-05-31** Secretary's Desk - Concurrence House Amendment(s) 01
- **2007-05-31** Placed on Calendar Order of Concurrence House Amendment(s) 01 - June 1, 2007
- **2007-05-31** House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Jeffrey M. Schoenberg `filing`
- **2007-05-31** House Committee Amendment No. 1 Motion to Concur Referred to Rules `referral-committee`
- **2007-06-05** House Committee Amendment No. 1 Motion to Concur Rules Referred to Executive `referral-committee`
- **2007-06-06** House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 007-003-000
- **2007-08-09** House Committee Amendment No. 1 3/5 Vote Required
- **2007-08-09** Verified
- **2007-08-09** House Committee Amendment No. 1 Senate Concurs 036-021-001
- **2007-08-09** Passed Both Houses
- **2007-09-07** Sent to the Governor `executive-receipt`
- **2007-11-06** Governor Approved `executive-signature`
- **2007-11-06** Effective Date November 6, 2007
- **2007-11-06** Public Act . . . . . . . . . 95-0697 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e766ca8a-441b-42c2-8ed8-fc00e9903587`. Confidence: reported (aggregated from official Illinois legislature records).