republic-os/legislation/us/states/il/96th/hb-5854.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	FINANCE AUTHORITY-PROJECTS	Amends the Illinois Finance Authority Act. Provides that the Act applies to certain projects located outside of the State, if the project involves property or facilities that are owned, operated, leased, or managed by an entity located within the State. Sets forth criteria for approving out-of-State projects. Provides that the Authority shall not provide financing for any project, or portion of a project, located outside of the United States. Provides that the Authority shall not provide financing that constitutes an indebtedness of the State for any project, or portion of a project, located outside of the State. Provides that the Illinois Finance Authority may approve an application to finance or refinance a project located outside of the State only if the Authority has the ability to issue at least another $1,000,000,000 of bonds after giving effect to the financing or refinancing or the out-of-state project. Proposes that the Authority shall not provide financing that uses State volume cap under Section 146 of the Internal Revenue Code of 1986 for a project located outside of the State. Effective immediately.	us/states/il	Illinois General Assembly	96th	HB 5854	Illinois HB 5854 (96th)	bill		enacted		3	32	2	2010-02-10	2010-07-12	openstates	ocd-bill/c5bf0162-35d1-4941-a96d-2cc87fb27ccc	http://ilga.gov/legislation/BillStatus.asp?DocNum=5854&GAID=10&DocTypeID=HB&LegId=51473&SessionID=76&GA=96	916d226e58c7928305c3679bbd5ccbcd7ec088edc07553aeb0050e7405aba61d	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois HB 5854 (96th) — FINANCE AUTHORITY-PROJECTS

Amends the Illinois Finance Authority Act. Provides that the Act applies to certain projects located outside of the State, if the project involves property or facilities that are owned, operated, leased, or managed by an entity located within the State. Sets forth criteria for approving out-of-State projects. Provides that the Authority shall not provide financing for any project, or portion of a project, located outside of the United States. Provides that the Authority shall not provide financing that constitutes an indebtedness of the State for any project, or portion of a project, located outside of the State. Provides that the Illinois Finance Authority may approve an application to finance or refinance a project located outside of the State only if the Authority has the ability to issue at least another $1,000,000,000 of bonds after giving effect to the financing or refinancing or the out-of-state project. Proposes that the Authority shall not provide financing that uses State volume cap under Section 146 of the Internal Revenue Code of 1986 for a project located outside of the State. Effective immediately.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Introduced (filed) — source
2. Engrossed (committee substitute) — source
3. Enrolled (enrolled) — source

Votes

• Third Reading — 69–26 (pass) · lower
• Third Reading — 32–15 (pass) · upper

Sponsors

• Marlow H. Colvin — primary (person)

Timeline

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

• 2010-02-10 Filed with the Clerk by Rep. Marlow H. Colvin filing
• 2010-02-10 First Reading reading-1
• 2010-02-10 Referred to Rules Committee referral-committee
• 2010-02-11 Added Chief Co-Sponsor Rep. William B. Black
• 2010-02-17 Added Chief Co-Sponsor Rep. Patrick J. Verschoore
• 2010-02-22 Assigned to State Government Administration Committee referral-committee
• 2010-03-03 Do Pass / Short Debate State Government Administration Committee; 013-004-000 committee-passage
• 2010-03-03 Placed on Calendar 2nd Reading - Short Debate
• 2010-03-04 Added Co-Sponsor Rep. Monique D. Davis
• 2010-03-11 Second Reading - Short Debate reading-2
• 2010-03-11 Placed on Calendar Order of 3rd Reading - Short Debate
• 2010-03-12 Third Reading - Short Debate - Passed 069-026-000 reading-3, passage
• 2010-03-12 Added Chief Co-Sponsor Rep. Luis Arroyo
• 2010-03-12 Added Chief Co-Sponsor Rep. Al Riley
• 2010-03-12 Added Co-Sponsor Rep. William Davis
• 2010-03-12 Added Co-Sponsor Rep. Deborah L. Graham
• 2010-03-15 Arrive in Senate introduction
• 2010-03-15 Placed on Calendar Order of First Reading reading-1
• 2010-03-15 Chief Senate Sponsor Sen. James F. Clayborne, Jr.
• 2010-03-15 First Reading reading-1
• 2010-03-15 Referred to Assignments referral-committee
• 2010-04-06 Assigned to State Government and Veterans Affairs referral-committee
• 2010-04-15 Do Pass State Government and Veterans Affairs; 006-002-001 committee-passage
• 2010-04-15 Placed on Calendar Order of 2nd Reading April 20, 2010
• 2010-04-23 Second Reading reading-2
• 2010-04-23 Placed on Calendar Order of 3rd Reading April 27, 2010
• 2010-04-28 Third Reading - Passed; 032-015-002 reading-3, passage
• 2010-04-28 Passed Both Houses
• 2010-05-27 Sent to the Governor executive-receipt
• 2010-07-12 Governor Approved executive-signature
• 2010-07-12 Effective Date July 12, 2010
• 2010-07-12 Public Act . . . . . . . . . 96-1021 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/c5bf0162-35d1-4941-a96d-2cc87fb27ccc. Confidence: reported (aggregated from official Illinois legislature records).