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---
type: "Bill"
title: "COUNTIES CD-BORROWING MONEY"
description: "Amends the Counties Code. In provisions allowing a county board to borrow money for any corporate purpose from any bank or other financial institution under specified conditions, modifies the definition of \"financial institution\" to include the Illinois Finance Authority."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "103rd"
identifier: "SB 3597"
citation: "Illinois SB 3597 (103rd)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Rachel Ventura", "Robyn Gabel"]
version_count: 7
action_count: 56
vote_count: 9
first_action: "2024-02-09"
last_action: "2024-08-09"
source: "openstates"
source_identifier: "ocd-bill/c0ce04fa-87d8-44a2-b010-9e490f5eabb9"
source_url: "https://beta.ilga.gov/Legislation/BillStatus?DocNum=3597&GAID=17&DocTypeID=SB&LegId=153339&SessionID=112"
source_hash: "5d389518d9144f7f71fd71ef62f8e00f0fdae5fcf6d1673abc7c8648982c28d2"
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 3597 (103rd) — COUNTIES CD-BORROWING MONEY
Amends the Counties Code. In provisions allowing a county board to borrow money for any corporate purpose from any bank or other financial institution under specified conditions, modifies the definition of "financial institution" to include the Illinois Finance Authority.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Introduced** (filed) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3597.pdf)
2. **Engrossed** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3597eng.pdf)
3. **House Amendment 001** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3597ham001.pdf)
4. **Senate Amendment 001** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3597sam001.pdf)
5. **Senate Amendment 002** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3597sam002.pdf)
6. **Senate Amendment 003** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3597sam003.pdf)
7. **Enrolled** (enrolled) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3597enr.pdf)
## Votes
- Concurrence, Amendment 1 — **4216** (pass) · lower
- Third Reading — **496** (pass) · lower
- Local Government — **100** (pass) · lower
- Local Government — **100** (pass) · lower
- Local Government, Amendment 1 — **80** (pass) · lower
- Financial Institutions & Licensing — **84** (pass) · lower
- Third Reading — **8627** (pass) · lower
- Financial Institutions & Licensing, Amendment 1 — **74** (pass) · lower
- Local Government, Amendment 3 — **81** (pass) · lower
## Sponsors
- Rachel Ventura — primary (person)
- Robyn Gabel — primary (person)
- David Koehler — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2024-02-09** Filed with Secretary by Sen. Rachel Ventura `filing`
- **2024-02-09** First Reading `reading-1`
- **2024-02-09** Referred to Assignments
- **2024-02-20** Assigned to Local Government `referral-committee`
- **2024-03-07** Postponed - Local Government
- **2024-03-08** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Rachel Ventura `amendment-introduction`
- **2024-03-08** Senate Committee Amendment No. 1 Referred to Assignments
- **2024-03-12** Senate Committee Amendment No. 1 Assignments Refers to Local Government
- **2024-03-13** Senate Committee Amendment No. 1 Adopted `amendment-passage`
- **2024-03-14** Do Pass as Amended Local Government; 009-000-000
- **2024-03-14** Placed on Calendar Order of 2nd Reading March 20, 2024 `reading-2`
- **2024-04-03** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Rachel Ventura `amendment-introduction`
- **2024-04-03** Senate Floor Amendment No. 2 Referred to Assignments
- **2024-04-09** Senate Floor Amendment No. 2 Assignments Refers to Local Government
- **2024-04-09** Senate Floor Amendment No. 3 Filed with Secretary by Sen. Rachel Ventura `amendment-introduction`
- **2024-04-09** Senate Floor Amendment No. 3 Referred to Assignments
- **2024-04-10** Second Reading `reading-2`
- **2024-04-10** Placed on Calendar Order of 3rd Reading April 11, 2024
- **2024-04-10** Senate Floor Amendment No. 3 Assignments Refers to Local Government
- **2024-04-10** Senate Floor Amendment No. 3 Recommend Do Adopt Local Government; 008-001-000
- **2024-04-11** Recalled to Second Reading `reading-2`
- **2024-04-11** Senate Floor Amendment No. 3 Adopted `amendment-passage`
- **2024-04-11** Placed on Calendar Order of 3rd Reading
- **2024-04-11** Third Reading - Passed; 049-006-000 `passage, reading-3`
- **2024-04-11** Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4a `amendment-failure`
- **2024-04-11** Arrived in House `introduction`
- **2024-04-12** Chief House Sponsor Rep. Robyn Gabel
- **2024-04-12** First Reading `reading-1`
- **2024-04-12** Referred to Rules Committee
- **2024-04-15** Added as Co-Sponsor Sen. David Koehler
- **2024-04-24** Assigned to Financial Institutions and Licensing Committee `referral-committee`
- **2024-04-30** Do Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000
- **2024-05-01** Placed on Calendar 2nd Reading - Short Debate `reading-2`
- **2024-05-03** House Floor Amendment No. 1 Filed with Clerk by Rep. Robyn Gabel `amendment-introduction`
- **2024-05-03** House Floor Amendment No. 1 Referred to Rules Committee
- **2024-05-13** House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
- **2024-05-16** Second Reading - Short Debate `reading-2`
- **2024-05-16** Held on Calendar Order of Second Reading - Short Debate `reading-2`
- **2024-05-17** Third Reading/Final Action Deadline Extended-9(b) May 24, 2024
- **2024-05-20** House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 007-004-000 `committee-passage-favorable`
- **2024-05-21** House Floor Amendment No. 1 Adopted `amendment-passage`
- **2024-05-21** Placed on Calendar Order of 3rd Reading - Short Debate
- **2024-05-21** Third Reading - Short Debate - Passed 086-027-000 `passage, reading-3`
- **2024-05-21** Secretary's Desk - Concurrence House Amendment(s) 1
- **2024-05-21** Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 21, 2024
- **2024-05-23** House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Rachel Ventura `filing`
- **2024-05-23** House Floor Amendment No. 1 Motion to Concur Referred to Assignments
- **2024-05-23** House Floor Amendment No. 1 Motion to Concur Assignments Referred to Local Government
- **2024-05-23** House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Local Government; 008-000-000
- **2024-05-24** House Floor Amendment No. 1 Senate Concurs 042-016-000
- **2024-05-24** Senate Concurs
- **2024-05-24** Passed Both Houses
- **2024-06-21** Sent to the Governor `executive-receipt`
- **2024-08-09** Governor Approved `executive-signature`
- **2024-08-09** Effective Date August 9, 2024
- **2024-08-09** Public Act . . . . . . . . . 103-1023 `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c0ce04fa-87d8-44a2-b010-9e490f5eabb9`. Confidence: reported (aggregated from official Illinois legislature records).