Fabio
103 lines
7.2 KiB
Markdown
103 lines
7.2 KiB
Markdown
---
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type: "Bill"
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title: "ILLINOIS FINANCE-LOANS-BONDS"
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description: "Amends the Illinois Finance Authority Act. Provides that all official acts of the Authority require the approval of a majority of the members then holding office (instead of 8 members). Provides that a majority of the members of the Authority holding office constitutes a quorum (instead of 8 members). Provides that the Authority may enter into agreements with respect to its bond payment obligations. Provides that any pledge of revenues or other moneys made by the Authority shall be binding from the time the pledge is made, and that revenues and other moneys pledged shall be held outside of the State treasury and shall be subject to certain liens. Provides that \"clean coal and energy projects\" includes new gasification facilities. Provides that moneys in the Fire Truck Revolving Loan Fund and the Ambulance Revolving Loan Fund may also be used to reimburse the Authority for reasonable expenses incurred in connection with administering the loan programs, including reimbursement for time spent by Authority staff. Makes other changes. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "95th"
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identifier: "SB 66"
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citation: "Illinois SB 66 (95th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 42
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vote_count: 2
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first_action: "2007-01-31"
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last_action: "2007-08-27"
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source: "openstates"
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source_identifier: "ocd-bill/3f40e67a-b775-4663-8118-d097625878c4"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=66&GAID=9&DocTypeID=SB&LegId=27278&SessionID=51&GA=95"
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source_hash: "084d493b731f1f17a55918653ef0f5da2a41a7485911fda75e27356634b51fe8"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 66 (95th) — ILLINOIS FINANCE-LOANS-BONDS
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Amends the Illinois Finance Authority Act. Provides that all official acts of the Authority require the approval of a majority of the members then holding office (instead of 8 members). Provides that a majority of the members of the Authority holding office constitutes a quorum (instead of 8 members). Provides that the Authority may enter into agreements with respect to its bond payment obligations. Provides that any pledge of revenues or other moneys made by the Authority shall be binding from the time the pledge is made, and that revenues and other moneys pledged shall be held outside of the State treasury and shall be subject to certain liens. Provides that "clean coal and energy projects" includes new gasification facilities. Provides that moneys in the Fire Truck Revolving Loan Fund and the Ambulance Revolving Loan Fund may also be used to reimburse the Authority for reasonable expenses incurred in connection with administering the loan programs, including reimbursement for time spent by Authority staff. Makes other changes. Effective immediately.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500SB0066&GA=95&SessionId=51&DocTypeId=SB&LegID=27278&DocNum=66&GAID=9&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500SB0066eng&GA=95&SessionId=51&DocTypeId=SB&LegID=27278&DocNum=66&GAID=9&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500SB0066enr&GA=95&SessionId=51&DocTypeId=SB&LegID=27278&DocNum=66&GAID=9&Session=&print=true)
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## Votes
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- Third Reading — **45–8** (pass) · upper
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- Third Reading — **115–0** (pass) · lower
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## Sponsors
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- Kurt M. Granberg — cosponsor (person)
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- Susan Garrett — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2007-01-31** Filed with Secretary by Sen. Susan Garrett `filing`
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- **2007-01-31** First Reading `reading-1`
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- **2007-01-31** Referred to Rules `referral-committee`
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- **2007-02-07** Assigned to State Government and Veterans Affairs `referral-committee`
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- **2007-02-22** Postponed - State Government and Veterans Affairs
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- **2007-03-06** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Susan Garrett `amendment-introduction`
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- **2007-03-06** Senate Committee Amendment No. 1 Referred to Rules `referral-committee`
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- **2007-03-07** Senate Committee Amendment No. 1 Rules Refers to State Government and Veterans Affairs
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- **2007-03-07** Senate Committee Amendment No. 1 Adopted `amendment-passage`
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- **2007-03-08** Held in State Government and Veterans Affairs
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- **2007-03-12** Senate Committee Amendment No. 2 Filed with Secretary by Sen. Susan Garrett `amendment-introduction`
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- **2007-03-12** Senate Committee Amendment No. 2 Referred to Rules `referral-committee`
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- **2007-03-14** Senate Committee Amendment No. 3 Filed with Secretary by Sen. Susan Garrett `amendment-introduction`
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- **2007-03-14** Senate Committee Amendment No. 3 Referred to Rules `referral-committee`
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- **2007-03-14** Senate Committee Amendment No. 3 Rules Refers to State Government and Veterans Affairs
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- **2007-03-14** Senate Committee Amendment No. 3 Adopted `amendment-passage`
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- **2007-03-15** Do Pass as Amended State Government and Veterans Affairs; 006-001-002 `committee-passage`
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- **2007-03-15** Placed on Calendar Order of 2nd Reading March 20, 2007
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- **2007-03-20** Second Reading `reading-2`
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- **2007-03-20** Placed on Calendar Order of 3rd Reading March 21, 2007
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- **2007-03-22** Third Reading - Passed; 045-008-000 `reading-3, passage`
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- **2007-03-22** Senate Committee Amendment No. 2 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
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- **2007-03-22** Arrived in House `introduction`
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- **2007-03-22** Placed on Calendar Order of First Reading `reading-1`
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- **2007-03-22** Chief House Sponsor Rep. Dan Reitz
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- **2007-03-22** First Reading `reading-1`
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- **2007-03-22** Referred to Rules Committee `referral-committee`
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- **2007-04-18** Added Alternate Co-Sponsor Rep. Kurt M. Granberg
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- **2007-04-30** Assigned to Executive Committee `referral-committee`
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- **2007-05-18** Committee Deadline Extended-Rule 9(b) May 25, 2007
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- **2007-05-25** Final Action Deadline Extended-9(b) May 31, 2007
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- **2007-05-30** Do Pass / Short Debate Executive Committee; 013-000-000 `committee-passage`
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- **2007-05-30** Placed on Calendar 2nd Reading - Short Debate
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- **2007-05-30** Added Alternate Chief Co-Sponsor Rep. Jim Sacia
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- **2007-05-30** Second Reading - Short Debate `reading-2`
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- **2007-05-30** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2007-05-31** Third Reading - Short Debate - Passed 115-000-000 `reading-3, passage`
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- **2007-05-31** Passed Both Houses
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- **2007-06-29** Sent to the Governor `executive-receipt`
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- **2007-08-27** Governor Approved `executive-signature`
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- **2007-08-27** Effective Date August 27, 2007
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- **2007-08-27** Public Act . . . . . . . . . 95-0470 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3f40e67a-b775-4663-8118-d097625878c4`. Confidence: reported (aggregated from official Illinois legislature records).
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