---
type: "Bill"
title: "FINANCE-TECH"
description: "Amends the General Obligation Bond Act. Makes a technical change in a Section concerning the short title."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "96th"
identifier: "HB 1516"
citation: "Illinois HB 1516 (96th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 52
vote_count: 2
first_action: "2009-02-17"
last_action: "2010-12-30"
source: "openstates"
source_identifier: "ocd-bill/419a9340-e757-47a4-9a2e-7534e92f505e"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1516&GAID=10&DocTypeID=HB&LegId=43269&SessionID=76&GA=96"
source_hash: "55db36a652fc84cab33848eb017fd83b25e5d0e66e7931c0f9ec50baff09923f"
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 HB 1516 (96th) — FINANCE-TECH

Amends the General Obligation Bond Act. Makes a technical change in a Section concerning the short title.

## 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=09600HB1516&GA=96&SessionId=76&DocTypeId=HB&LegID=43269&DocNum=1516&GAID=10&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB1516eng&GA=96&SessionId=76&DocTypeId=HB&LegID=43269&DocNum=1516&GAID=10&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB1516enr&GA=96&SessionId=76&DocTypeId=HB&LegID=43269&DocNum=1516&GAID=10&Session=&print=true)

## Votes

- Third Reading — **109–0** (pass) · lower
- Third Reading — **52–0** (pass) · upper

## Sponsors

- Elaine Nekritz — primary (person)

## Timeline

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

- **2009-02-17** Filed with the Clerk by Rep. Michael J. Madigan `filing`
- **2009-02-17** Chief Co-Sponsor Rep. John E. Bradley
- **2009-02-18** First Reading `reading-1`
- **2009-02-18** Referred to Rules Committee `referral-committee`
- **2009-02-19** Assigned to Executive Committee `referral-committee`
- **2009-03-03** Moved to Suspend Rule 25 Rep. Barbara Flynn Currie
- **2009-03-03** Suspend Rule 25 - Prevailed
- **2009-03-04** Do Pass / Short Debate Executive Committee; 010-000-000 `committee-passage`
- **2009-03-04** Placed on Calendar 2nd Reading - Short Debate
- **2009-04-01** Second Reading - Short Debate `reading-2`
- **2009-04-01** Held on Calendar Order of Second Reading - Short Debate `reading-2`
- **2009-04-03** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
- **2010-11-10** Chief Sponsor Changed to Rep. Elaine Nekritz
- **2010-11-10** Final Action Deadline Extended-9(b) January 11, 2011
- **2010-11-10** Approved for Consideration Rules Committee; 003-001-000
- **2010-11-10** Placed on Calendar 2nd Reading - Short Debate
- **2010-11-12** House Floor Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz `amendment-introduction`
- **2010-11-12** House Floor Amendment No. 1 Referred to Rules Committee `referral-committee`
- **2010-11-15** House Floor Amendment No. 1 Rules Refers to Railroad Industry Committee
- **2010-11-17** House Floor Amendment No. 1 Recommends Be Adopted Railroad Industry Committee; 013-001-000 `committee-passage-favorable`
- **2010-11-17** Second Reading - Short Debate `reading-2`
- **2010-11-17** Held on Calendar Order of Second Reading - Short Debate `reading-2`
- **2010-11-18** Added Chief Co-Sponsor Rep. Naomi D. Jakobsson
- **2010-11-18** Added Chief Co-Sponsor Rep. Patricia R. Bellock
- **2010-11-18** Added Chief Co-Sponsor Rep. Karen May
- **2010-11-18** Added Co-Sponsor Rep. Jack D. Franks
- **2010-11-18** Added Co-Sponsor Rep. Linda Chapa LaVia
- **2010-11-18** Added Co-Sponsor Rep. Carol A. Sente
- **2010-11-18** Added Co-Sponsor Rep. Keith Farnham
- **2010-11-18** Added Co-Sponsor Rep. Mike Fortner
- **2010-11-18** Added Co-Sponsor Rep. Robyn Gabel
- **2010-11-18** House Floor Amendment No. 1 Adopted by Voice Vote `amendment-passage`
- **2010-11-18** Placed on Calendar Order of 3rd Reading - Short Debate
- **2010-11-18** Third Reading - Short Debate - Passed 109-000-000 `reading-3, passage`
- **2010-11-23** Arrive in Senate `introduction`
- **2010-11-23** Placed on Calendar Order of First Reading `reading-1`
- **2010-11-23** Chief Senate Sponsor Sen. Martin A. Sandoval
- **2010-11-23** First Reading `reading-1`
- **2010-11-23** Referred to Assignments `referral-committee`
- **2010-11-24** Assigned to State Government and Veterans Affairs `referral-committee`
- **2010-11-29** Rule 2-10 Committee/3rd Reading Deadline Established As January 11, 2011
- **2010-11-30** Do Pass State Government and Veterans Affairs; 007-000-000 `committee-passage`
- **2010-11-30** Placed on Calendar Order of 2nd Reading
- **2010-11-30** Second Reading `reading-2`
- **2010-11-30** Placed on Calendar Order of 3rd Reading December 1, 2010
- **2010-12-02** 3/5 Vote Required
- **2010-12-02** Third Reading - Passed; 052-000-000 `reading-3, passage`
- **2010-12-02** Passed Both Houses
- **2010-12-17** Sent to the Governor `executive-receipt`
- **2010-12-30** Governor Approved `executive-signature`
- **2010-12-30** Effective Date December 30, 2010
- **2010-12-30** Public Act . . . . . . . . . 96-1488 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/419a9340-e757-47a4-9a2e-7534e92f505e`. Confidence: reported (aggregated from official Illinois legislature records).