---
type: "Bill"
title: "IL FINANCE AUTH-BOND LIMIT"
description: "Amends the Illinois Finance Authority Act. Increases the aggregate bond limit from $26,650,000,000 to $29,650,000,000. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "95th"
identifier: "SB 2883"
citation: "Illinois SB 2883 (95th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 46
vote_count: 3
first_action: "2008-02-15"
last_action: "2008-08-21"
source: "openstates"
source_identifier: "ocd-bill/90763c34-aa7a-47d4-8305-96c654292fab"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2883&GAID=9&DocTypeID=SB&LegId=37665&SessionID=51&GA=95"
source_hash: "b6ccbf8cc1998eef306c90b30732b9922424b227dc38e1f1e2e06e82e3b43755"
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 2883 (95th) — IL FINANCE AUTH-BOND LIMIT

Amends the Illinois Finance Authority Act. Increases the aggregate bond limit from $26,650,000,000 to $29,650,000,000. 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=09500SB2883&GA=95&SessionId=51&DocTypeId=SB&LegID=37665&DocNum=2883&GAID=9&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500SB2883eng&GA=95&SessionId=51&DocTypeId=SB&LegID=37665&DocNum=2883&GAID=9&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500SB2883enr&GA=95&SessionId=51&DocTypeId=SB&LegID=37665&DocNum=2883&GAID=9&Session=&print=true)

## Votes

- Concurrence — **52–1** (pass) · upper
- Third Reading — **72–42** (pass) · lower
- Third Reading — **37–13** (pass) · upper

## Sponsors

- Jeffrey M. Schoenberg — primary (person)

## Timeline

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

- **2008-02-15** Filed with Secretary by Sen. Jeffrey M. Schoenberg `filing`
- **2008-02-15** First Reading `reading-1`
- **2008-02-15** Referred to Rules `referral-committee`
- **2008-02-28** Assigned to State Government and Veterans Affairs `referral-committee`
- **2008-03-06** Do Pass State Government and Veterans Affairs; 005-000-004 `committee-passage`
- **2008-03-06** Placed on Calendar Order of 2nd Reading March 11, 2008
- **2008-03-13** Second Reading `reading-2`
- **2008-03-13** Placed on Calendar Order of 3rd Reading April 1, 2008
- **2008-04-08** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Pamela J. Althoff `amendment-introduction`
- **2008-04-08** Senate Floor Amendment No. 1 Referred to Rules `referral-committee`
- **2008-04-10** Added as Co-Sponsor Sen. Gary Forby
- **2008-04-10** Added as Co-Sponsor Sen. John M. Sullivan
- **2008-04-10** Added as Chief Co-Sponsor Sen. Iris Y. Martinez
- **2008-04-10** Added as Chief Co-Sponsor Sen. Mattie Hunter
- **2008-04-10** Added as Chief Co-Sponsor Sen. Donne E. Trotter
- **2008-04-17** Third Reading - Passed; 037-013-001 `reading-3, passage`
- **2008-04-17** Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
- **2008-04-17** Arrived in House `introduction`
- **2008-04-17** Placed on Calendar Order of First Reading `reading-1`
- **2008-04-17** Chief House Sponsor Rep. Gary Hannig
- **2008-04-24** First Reading `reading-1`
- **2008-04-24** Referred to Rules Committee `referral-committee`
- **2008-05-19** Committee Deadline Extended-Rule 9(b) May 23, 2008
- **2008-05-19** Assigned to Executive Committee `referral-committee`
- **2008-05-21** Added Alternate Chief Co-Sponsor Rep. Arthur L. Turner
- **2008-05-21** Added Alternate Chief Co-Sponsor Rep. William B. Black
- **2008-05-23** Final Action Deadline Extended-9(b) May 31, 2008
- **2008-05-28** House Committee Amendment No. 1 Filed with Clerk by Executive Committee `amendment-introduction`
- **2008-05-28** House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote `amendment-passage`
- **2008-05-28** Do Pass as Amended / Short Debate Executive Committee; 007-002-000 `committee-passage`
- **2008-05-28** Placed on Calendar 2nd Reading - Short Debate
- **2008-05-28** Second Reading - Short Debate `reading-2`
- **2008-05-28** Held on Calendar Order of Second Reading - Short Debate `reading-2`
- **2008-05-31** Placed on Calendar Order of 3rd Reading - Short Debate
- **2008-05-31** Third Reading - Short Debate - Passed 072-042-000 `reading-3, passage`
- **2008-05-31** Secretary's Desk - Concurrence House Amendment(s) 01
- **2008-05-31** Placed on Calendar Order of Concurrence House Amendment(s) 01-May 31, 2008
- **2008-05-31** House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Jeffrey M. Schoenberg `filing`
- **2008-05-31** House Committee Amendment No. 1 Motion to Concur Referred to Rules `referral-committee`
- **2008-05-31** House Committee Amendment No. 1 Motion to Concur Be Approved for Consideration Rules
- **2008-05-31** House Committee Amendment No. 1 Senate Concurs 052-001-001
- **2008-05-31** Passed Both Houses
- **2008-06-27** Sent to the Governor `executive-receipt`
- **2008-08-21** Governor Approved `executive-signature`
- **2008-08-21** Effective Date August 21, 2008
- **2008-08-21** Public Act . . . . . . . . . 95-0879 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/90763c34-aa7a-47d4-8305-96c654292fab`. Confidence: reported (aggregated from official Illinois legislature records).