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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-BONDS Amends the Illinois Finance Authority Act. Provides that the Authority is authorized to issue bonds or notes in an amount not to exceed $450,000 (now, $250,000). Provides that in any calendar year after 2007, the $450,000 amount shall be increased by an amount equal to such dollar amount multiplied by the inflation percentage determined under Section 305(c) of the federal Consolidated Farm and Rural Development Act (7 U.S.C. 1925) as of June 18, 2008. Provides that any increase must be rounded to the nearest multiple of $100. Effective immediately. us/states/il Illinois General Assembly 96th SB 260 Illinois SB 260 (96th)
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3 36 2 2009-02-04 2009-08-14 openstates ocd-bill/7935fb16-8d87-46d7-bdf6-9cb3163ab66e http://ilga.gov/legislation/BillStatus.asp?DocNum=260&GAID=10&DocTypeID=SB&LegId=40939&SessionID=76&GA=96 f5413730a397376ef89d52283ebbea937c504e472417fa16383ed2a51c0524c8 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
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Illinois SB 260 (96th) — FINANCE AUTHORITY-BONDS

Amends the Illinois Finance Authority Act. Provides that the Authority is authorized to issue bonds or notes in an amount not to exceed $450,000 (now, $250,000). Provides that in any calendar year after 2007, the $450,000 amount shall be increased by an amount equal to such dollar amount multiplied by the inflation percentage determined under Section 305(c) of the federal Consolidated Farm and Rural Development Act (7 U.S.C. 1925) as of June 18, 2008. Provides that any increase must be rounded to the nearest multiple of $100. 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 — 1160 (pass) · lower
  • Third Reading — 580 (pass) · upper

Sponsors

  • Jack D. Franks — cosponsor (person)
  • Joseph M. Lyons — cosponsor (person)
  • Keith Farnham — cosponsor (person)
  • Linda Chapa LaVia — cosponsor (person)
  • Michael W. Frerichs — primary (person)
  • Shane Cultra — cosponsor (person)

Timeline

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

  • 2009-02-04 Filed with Secretary by Sen. Michael W. Frerichs filing
  • 2009-02-04 First Reading reading-1
  • 2009-02-04 Referred to Assignments referral-committee
  • 2009-02-10 Assigned to State Government and Veterans Affairs referral-committee
  • 2009-02-18 Added as Co-Sponsor Sen. Gary Forby
  • 2009-02-20 Do Pass State Government and Veterans Affairs; 008-000-000 committee-passage
  • 2009-02-20 Placed on Calendar Order of 2nd Reading February 25, 2009
  • 2009-02-20 Added as Chief Co-Sponsor Sen. John O. Jones
  • 2009-02-27 Second Reading reading-2
  • 2009-02-27 Placed on Calendar Order of 3rd Reading March 4, 2009
  • 2009-04-01 Placed on Calendar Order of 3rd Reading ** April 2, 2009
  • 2009-04-02 Third Reading - Passed; 058-000-001 reading-3, passage
  • 2009-04-03 Arrived in House introduction
  • 2009-04-03 Placed on Calendar Order of First Reading reading-1
  • 2009-04-03 Chief House Sponsor Rep. William B. Black
  • 2009-04-06 First Reading reading-1
  • 2009-04-06 Referred to Rules Committee referral-committee
  • 2009-04-20 Assigned to Executive Committee referral-committee
  • 2009-05-06 Do Pass / Short Debate Executive Committee; 011-000-000 committee-passage
  • 2009-05-06 Placed on Calendar 2nd Reading - Short Debate
  • 2009-05-06 Added Alternate Co-Sponsor Rep. Joseph M. Lyons
  • 2009-05-12 Second Reading - Short Debate reading-2
  • 2009-05-12 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2009-05-19 Third Reading - Short Debate - Passed 116-000-000 reading-3, passage
  • 2009-05-19 Passed Both Houses
  • 2009-05-19 Added Alternate Chief Co-Sponsor Rep. Jay C. Hoffman
  • 2009-05-19 Added Alternate Chief Co-Sponsor Rep. Donald L. Moffitt
  • 2009-05-19 Added Alternate Chief Co-Sponsor Rep. Jim Sacia
  • 2009-05-19 Added Alternate Co-Sponsor Rep. Shane Cultra
  • 2009-05-19 Added Alternate Co-Sponsor Rep. Jack D. Franks
  • 2009-05-19 Added Alternate Co-Sponsor Rep. Keith Farnham
  • 2009-05-19 Added Alternate Co-Sponsor Rep. Linda Chapa LaVia
  • 2009-06-17 Sent to the Governor executive-receipt
  • 2009-08-14 Governor Approved executive-signature
  • 2009-08-14 Effective Date August 14, 2009
  • 2009-08-14 Public Act . . . . . . . . . 96-0531 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/7935fb16-8d87-46d7-bdf6-9cb3163ab66e. Confidence: reported (aggregated from official Illinois legislature records).