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---
type: "Bill"
title: "PARK DISTRICT-BORROWING MONEY"
description: "Amends the Park District Code. Provides that the board of a park district may borrow money for any corporate purpose from a bank or other financial institution, provided that the money shall be repaid within 2 years from the general funds of the park district and such other sources of payment as are otherwise lawfully available. Prohibits the indebtedness incurred, when aggregated with the existing indebtedness of the park district, from exceeding the debt limitation otherwise provided for by law. Defines \"financial institution\". Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "98th"
identifier: "HB 4597"
citation: "Illinois HB 4597 (98th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 26
vote_count: 2
first_action: "2014-02-04"
last_action: "2014-08-15"
source: "openstates"
source_identifier: "ocd-bill/953748a9-fdf6-4471-8e8c-3a281ff46e37"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=4597&GAID=12&DocTypeID=HB&LegId=79149&SessionID=85&GA=98"
source_hash: "2b5571cf655a20acc2fc9cc120f6b8bebbbb14210ebfaae1f9eeff952595de56"
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 HB 4597 (98th) — PARK DISTRICT-BORROWING MONEY
Amends the Park District Code. Provides that the board of a park district may borrow money for any corporate purpose from a bank or other financial institution, provided that the money shall be repaid within 2 years from the general funds of the park district and such other sources of payment as are otherwise lawfully available. Prohibits the indebtedness incurred, when aggregated with the existing indebtedness of the park district, from exceeding the debt limitation otherwise provided for by law. Defines "financial institution". 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=09800HB4597&GA=98&SessionId=85&DocTypeId=HB&LegID=79149&DocNum=4597&GAID=12&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800HB4597eng&GA=98&SessionId=85&DocTypeId=HB&LegID=79149&DocNum=4597&GAID=12&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800HB4597enr&GA=98&SessionId=85&DocTypeId=HB&LegID=79149&DocNum=4597&GAID=12&Session=&print=true)
## Votes
- Third Reading — **8230** (pass) · lower
- Third Reading — **507** (pass) · upper
## Sponsors
- Robert F. Martwick — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2014-02-04** Filed with the Clerk by Rep. Robert F. Martwick `filing`
- **2014-02-04** First Reading `reading-1`
- **2014-02-04** Referred to Rules Committee `referral-committee`
- **2014-03-03** Assigned to Counties & Townships Committee `referral-committee`
- **2014-03-20** Added Chief Co-Sponsor Rep. John M. Cabello
- **2014-03-21** Do Pass / Short Debate Counties & Townships Committee; 005-000-000 `committee-passage`
- **2014-03-21** Placed on Calendar 2nd Reading - Short Debate
- **2014-03-24** Second Reading - Short Debate `reading-2`
- **2014-03-24** Placed on Calendar Order of 3rd Reading - Short Debate
- **2014-04-01** Third Reading - Short Debate - Passed 082-030-001 `reading-3, passage`
- **2014-04-02** Arrive in Senate `introduction`
- **2014-04-02** Placed on Calendar Order of First Reading April 3, 2014 `reading-1`
- **2014-04-04** Chief Senate Sponsor Sen. Jennifer Bertino-Tarrant
- **2014-04-07** First Reading `reading-1`
- **2014-04-07** Referred to Assignments `referral-committee`
- **2014-04-23** Assigned to Local Government `referral-committee`
- **2014-04-30** Do Pass Local Government; 009-002-000 `committee-passage`
- **2014-04-30** Placed on Calendar Order of 2nd Reading May 1, 2014
- **2014-05-07** Second Reading `reading-2`
- **2014-05-07** Placed on Calendar Order of 3rd Reading May 8, 2014
- **2014-05-21** Third Reading - Passed; 050-007-000 `reading-3, passage`
- **2014-05-21** Passed Both Houses
- **2014-06-19** Sent to the Governor `executive-receipt`
- **2014-08-15** Governor Approved `executive-signature`
- **2014-08-15** Effective Date August 15, 2014
- **2014-08-15** Public Act . . . . . . . . . 98-0906 `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/953748a9-fdf6-4471-8e8c-3a281ff46e37`. Confidence: reported (aggregated from official Illinois legislature records).