---
type: "Bill"
title: "BI-STATE/BONDS-40 YEARS"
description: "Amends the Bi-State Development Powers Act. Provides that bonds, notes, and other instruments issued by the Bi-State Development Authority must mature not later than 40 (instead of 30) years after the date of issuance. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "96th"
identifier: "SB 3342"
citation: "Illinois SB 3342 (96th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 30
vote_count: 2
first_action: "2010-02-10"
last_action: "2011-02-04"
source: "openstates"
source_identifier: "ocd-bill/11a9bea3-334d-4e1c-aa6b-324fb536f881"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=3342&GAID=10&DocTypeID=SB&LegId=51189&SessionID=76&GA=96"
source_hash: "0e7f6f2763d58bb534eef82d674c49b78d2a66859fef93bbd668bb642761fb67"
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 3342 (96th) — BI-STATE/BONDS-40 YEARS

Amends the Bi-State Development Powers Act. Provides that bonds, notes, and other instruments issued by the Bi-State Development Authority must mature not later than 40 (instead of 30) years after the date of issuance. 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=09600SB3342&GA=96&SessionId=76&DocTypeId=SB&LegID=51189&DocNum=3342&GAID=10&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB3342eng&GA=96&SessionId=76&DocTypeId=SB&LegID=51189&DocNum=3342&GAID=10&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB3342enr&GA=96&SessionId=76&DocTypeId=SB&LegID=51189&DocNum=3342&GAID=10&Session=&print=true)

## Votes

- Third Reading — **55–0** (pass) · upper
- Third Reading — **85–25** (pass) · lower

## Sponsors

- James F. Clayborne, Jr. — primary (person)

## Timeline

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

- **2010-02-10** Filed with Secretary by Sen. James F. Clayborne, Jr. `filing`
- **2010-02-10** First Reading `reading-1`
- **2010-02-10** Referred to Assignments `referral-committee`
- **2010-02-24** Assigned to State Government and Veterans Affairs `referral-committee`
- **2010-03-04** Do Pass State Government and Veterans Affairs; 009-000-000 `committee-passage`
- **2010-03-04** Placed on Calendar Order of 2nd Reading March 9, 2010
- **2010-03-12** Second Reading `reading-2`
- **2010-03-12** Placed on Calendar Order of 3rd Reading March 15, 2010
- **2010-03-18** Third Reading - Passed; 055-000-000 `reading-3, passage`
- **2010-03-18** Arrived in House `introduction`
- **2010-03-18** Chief House Sponsor Rep. Thomas Holbrook
- **2010-03-18** Placed on Calendar Order of First Reading `reading-1`
- **2010-03-18** First Reading `reading-1`
- **2010-03-18** Referred to Rules Committee `referral-committee`
- **2010-11-10** Final Action Deadline Extended-9(b) January 11, 2011
- **2010-11-10** Assigned to Counties & Townships Committee `referral-committee`
- **2010-11-16** Do Pass / Short Debate Counties & Townships Committee; 006-000-000 `committee-passage`
- **2010-11-16** Placed on Calendar 2nd Reading - Short Debate
- **2010-11-17** Second Reading - Short Debate `reading-2`
- **2010-11-17** Placed on Calendar Order of 3rd Reading - Short Debate
- **2010-11-17** Added Alternate Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr.
- **2010-11-17** Added Alternate Chief Co-Sponsor Rep. Dan Reitz
- **2010-11-17** Added Alternate Chief Co-Sponsor Rep. Jay C. Hoffman
- **2010-11-17** Added Alternate Chief Co-Sponsor Rep. Daniel V. Beiser
- **2010-11-18** Third Reading - Short Debate - Passed 085-025-000 `reading-3, passage`
- **2010-11-18** Passed Both Houses
- **2010-12-17** Sent to the Governor `executive-receipt`
- **2011-02-04** Governor Approved `executive-signature`
- **2011-02-04** Effective Date February 4, 2011
- **2011-02-04** Public Act . . . . . . . . . 96-1520 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/11a9bea3-334d-4e1c-aa6b-324fb536f881`. Confidence: reported (aggregated from official Illinois legislature records).