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Fabio 5941153bb7 Legislation: batch B — IL IN KS KY LA MA MD ME MI MN 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:27:20 -04:00

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---
type: "Bill"
title: "MUNI CD-BORROWING"
description: "Amends the Municipal Code. Provides that the corporate authorities of a municipality may borrow money from any bank or financial institution, provided that the money shall be repaid within 10 years (now, one year) from the time the money is borrowed. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "95th"
identifier: "SB 689"
citation: "Illinois SB 689 (95th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 80
vote_count: 4
first_action: "2007-02-08"
last_action: "2007-11-05"
source: "openstates"
source_identifier: "ocd-bill/1cc7f1d3-8665-43f0-a750-c4393d43145b"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=689&GAID=9&DocTypeID=SB&LegId=28561&SessionID=51&GA=95"
source_hash: "34b0d81c5040d0f18b75aa735e986671393866cc84f5f0df4c1438c788769f70"
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 689 (95th) — MUNI CD-BORROWING
Amends the Municipal Code. Provides that the corporate authorities of a municipality may borrow money from any bank or financial institution, provided that the money shall be repaid within 10 years (now, one year) from the time the money is borrowed. 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=09500SB0689&GA=95&SessionId=51&DocTypeId=SB&LegID=28561&DocNum=689&GAID=9&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500SB0689eng&GA=95&SessionId=51&DocTypeId=SB&LegID=28561&DocNum=689&GAID=9&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500SB0689enr&GA=95&SessionId=51&DocTypeId=SB&LegID=28561&DocNum=689&GAID=9&Session=&print=true)
## Votes
- Concurrence, Amendment 1 — **54–0** (pass) · upper
- Concurrence, Amendment 2 — **54–0** (pass) · upper
- Third Reading — **54–2** (pass) · upper
- Third Reading — **100–1** (pass) · lower
## Sponsors
- Brandon W. Phelps — cosponsor (person)
- Deanna Demuzio — primary (person)
- Patrick J Verschoore — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2007-02-08** Filed with Secretary by Sen. Louis S. Viverito `filing`
- **2007-02-08** First Reading `reading-1`
- **2007-02-08** Referred to Rules `referral-committee`
- **2007-02-21** Assigned to Local Government `referral-committee`
- **2007-03-06** Added as Chief Co-Sponsor Sen. Pamela J. Althoff
- **2007-03-07** Postponed - Local Government
- **2007-03-07** Added as Chief Co-Sponsor Sen. William E. Peterson
- **2007-03-07** Added as Chief Co-Sponsor Sen. Martin A. Sandoval
- **2007-03-12** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Louis S. Viverito `amendment-introduction`
- **2007-03-12** Senate Committee Amendment No. 1 Referred to Rules `referral-committee`
- **2007-03-13** Senate Committee Amendment No. 1 Rules Refers to Local Government
- **2007-03-13** Senate Committee Amendment No. 1 Adopted `amendment-passage`
- **2007-03-14** Do Pass as Amended Local Government; 010-000-000 `committee-passage`
- **2007-03-14** Placed on Calendar Order of 2nd Reading March 15, 2007
- **2007-03-22** Second Reading `reading-2`
- **2007-03-22** Placed on Calendar Order of 3rd Reading March 27, 2007
- **2007-03-29** Third Reading - Passed; 054-002-000 `reading-3, passage`
- **2007-03-30** Arrived in House `introduction`
- **2007-03-30** Placed on Calendar Order of First Reading `reading-1`
- **2007-03-30** Chief House Sponsor Rep. Carolyn H. Krause
- **2007-04-09** First Reading `reading-1`
- **2007-04-09** Referred to Rules Committee `referral-committee`
- **2007-04-30** Assigned to Local Government Committee `referral-committee`
- **2007-05-10** Do Pass / Short Debate Local Government Committee; 006-000-000 `committee-passage`
- **2007-05-10** Placed on Calendar 2nd Reading - Short Debate
- **2007-05-17** Fiscal Note Requested by Rep. Lou Lang
- **2007-05-17** State Mandates Fiscal Note Requested by Rep. Lou Lang
- **2007-05-17** Home Rule Note Requested by Rep. Lou Lang
- **2007-05-24** Second Reading - Short Debate `reading-2`
- **2007-05-24** Held on Calendar Order of Second Reading - Short Debate `reading-2`
- **2007-05-24** Added Alternate Chief Co-Sponsor Rep. Mike Fortner
- **2007-05-24** Fiscal Note Filed
- **2007-05-24** Home Rule Note Filed
- **2007-05-24** State Mandates Fiscal Note Filed
- **2007-05-25** Judicial Note Requested by Rep. Kurt M. Granberg
- **2007-05-29** Judicial Note Requested - Withdrawn by Rep. Kurt M. Granberg
- **2007-05-29** House Floor Amendment No. 1 Filed with Clerk by Rep. Brandon W. Phelps `amendment-introduction`
- **2007-05-29** House Floor Amendment No. 1 Referred to Rules Committee `referral-committee`
- **2007-05-30** House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-001-000 `committee-passage-favorable`
- **2007-05-31** Added Alternate Co-Sponsor Rep. Brandon W. Phelps
- **2007-05-31** Added Alternate Co-Sponsor Rep. Patrick J Verschoore
- **2007-05-31** Judicial Note Filed
- **2007-05-31** Final Action Deadline Extended-9(b) June 8, 2007
- **2007-06-08** Final Action Deadline Extended-9(b) June 15, 2007
- **2007-06-15** Final Action Deadline Extended-9(b) June 22, 2007
- **2007-06-22** Final Action Deadline Extended-9(b) June 30, 2007
- **2007-06-30** Final Action Deadline Extended-9(b) July 31, 2007
- **2007-07-31** Final Action Deadline Extended-9(b) August 4, 2007
- **2007-08-03** Added Alternate Chief Co-Sponsor Rep. Gary Hannig
- **2007-08-03** Added Alternate Chief Co-Sponsor Rep. Raymond Poe
- **2007-08-03** Added Alternate Chief Co-Sponsor Rep. Rich Brauer
- **2007-08-03** House Floor Amendment No. 2 Filed with Clerk by Rep. Gary Hannig `amendment-introduction`
- **2007-08-03** House Floor Amendment No. 2 Referred to Rules Committee `referral-committee`
- **2007-08-04** Final Action Deadline Extended-9(b) August 10, 2007
- **2007-08-07** House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000 `committee-passage-favorable`
- **2007-08-07** House Floor Amendment No. 1 Adopted by Voice Vote `amendment-passage`
- **2007-08-07** House Floor Amendment No. 2 Adopted by Voice Vote `amendment-passage`
- **2007-08-07** Placed on Calendar Order of 3rd Reading - Short Debate
- **2007-08-07** Third Reading - Short Debate - Passed 100-001-000 `reading-3, passage`
- **2007-08-07** Secretary's Desk - Concurrence House Amendment(s) 01,02
- **2007-08-07** Placed on Calendar Order of Concurrence House Amendment(s) 01,02 - August 8, 2007
- **2007-08-08** House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Louis S. Viverito `filing`
- **2007-08-08** House Floor Amendment No. 1 Motion to Concur Referred to Rules `referral-committee`
- **2007-08-08** House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Louis S. Viverito `filing`
- **2007-08-08** House Floor Amendment No. 2 Motion to Concur Referred to Rules `referral-committee`
- **2007-08-08** House Floor Amendment No. 1 Motion to Concur Rules Referred to State Government and Veterans Affairs `referral-committee`
- **2007-08-08** House Floor Amendment No. 2 Motion to Concur Rules Referred to State Government and Veterans Affairs `referral-committee`
- **2007-08-08** House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt State Government and Veterans Affairs; 008-000-000
- **2007-08-08** House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt State Government and Veterans Affairs; 008-000-000
- **2007-08-08** Added as Chief Co-Sponsor Sen. Larry K. Bomke
- **2007-08-08** Chief Sponsor Changed to Sen. Deanna Demuzio
- **2007-08-08** House Floor Amendment No. 1 3/5 Vote Required
- **2007-08-08** House Floor Amendment No. 1 Senate Concurs 054-000-000
- **2007-08-08** House Floor Amendment No. 2 3/5 Vote Required
- **2007-08-08** House Floor Amendment No. 2 Senate Concurs 054-000-000
- **2007-08-08** Passed Both Houses
- **2007-09-06** Sent to the Governor `executive-receipt`
- **2007-11-05** Governor Approved `executive-signature`
- **2007-11-05** Effective Date November 5, 2007
- **2007-11-05** Public Act . . . . . . . . . 95-0693 `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1cc7f1d3-8665-43f0-a750-c4393d43145b`. Confidence: reported (aggregated from official Illinois legislature records).
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