Fabio
111 lines
6.4 KiB
Markdown
111 lines
6.4 KiB
Markdown
---
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type: "Bill"
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title: "RURAL BOND BANK-ISSUANCE"
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description: "Amends the Rural Bond Bank Act. Increases the Bank's bond authorization to $500,000,000 outstanding at any time. Increases the maximum amount used to purchase securities issued by certain units of local government to $87,500,000. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "93rd"
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identifier: "SB 1075"
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citation: "Illinois SB 1075 (93rd)"
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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: 49
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vote_count: 4
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first_action: "2003-02-19"
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last_action: "2003-07-17"
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source: "openstates"
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source_identifier: "ocd-bill/0f665e2c-35d0-4886-be04-fd3ac35d00a1"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1075&GAID=3&DocTypeID=SB&LegId=3902&SessionID=3&GA=93"
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source_hash: "90fd64a50a5341980184863a68edbe341979f235409a9c41b5c404eb56ff67b6"
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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 1075 (93rd) — RURAL BOND BANK-ISSUANCE
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Amends the Rural Bond Bank Act. Increases the Bank's bond authorization to $500,000,000 outstanding at any time. Increases the maximum amount used to purchase securities issued by certain units of local government to $87,500,000. 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=09300SB1075&GA=93&SessionId=3&DocTypeId=SB&LegID=3902&DocNum=1075&GAID=3&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB1075eng&GA=93&SessionId=3&DocTypeId=SB&LegID=3902&DocNum=1075&GAID=3&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB1075enr&GA=93&SessionId=3&DocTypeId=SB&LegID=3902&DocNum=1075&GAID=3&Session=&print=true)
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## Votes
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- Concurrence, Amendment 2 — **30–25** (pass) · upper
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- Third Reading — **98–17** (pass) · lower
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- Third Reading — **53–0** (pass) · upper
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- Concurrence — **30–25** (pass) · upper
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## Sponsors
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- Vince Demuzio — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2003-02-19** Filed with Secretary by Sen. Vince Demuzio `filing`
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- **2003-02-19** First Reading `reading-1`
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- **2003-02-19** Referred to Rules `referral-committee`
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- **2003-02-26** Assigned to State Government `referral-committee`
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- **2003-03-06** Do Pass State Government; 008-000-000 `committee-passage`
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- **2003-03-06** Placed on Calendar Order of 2nd Reading March 11, 2003
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- **2003-03-21** Second Reading `reading-2`
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- **2003-03-21** Placed on Calendar Order of 3rd Reading March 24, 2003
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- **2003-03-24** Third Reading - Passed; 053-000-000 `reading-3, passage`
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- **2003-03-25** Arrived in House `introduction`
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- **2003-03-25** Placed on Calendar Order of First Reading `reading-1`
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- **2003-03-28** Chief House Sponsor Rep. Richard P. Myers
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- **2003-03-28** First Reading `reading-1`
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- **2003-03-28** Referred to Rules Committee `referral-committee`
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- **2003-03-31** Assigned to Executive Committee `referral-committee`
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- **2003-05-02** Committee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
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- **2003-05-15** House Committee Amendment No. 1 Filed with Clerk by Executive Committee `amendment-introduction`
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- **2003-05-15** House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote `amendment-passage`
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- **2003-05-15** Do Pass as Amended / Short Debate Executive Committee; 011-000-000 `committee-passage`
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- **2003-05-15** Placed on Calendar 2nd Reading - Short Debate
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- **2003-05-23** Third Reading/Final Action Deadline Extended-9(b) May 31, 2003 `reading-3`
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- **2003-05-29** House Committee Amendment No. 1 Motion Filed Rep. Richard P. Myers; to Table House Amendment
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- **2003-05-29** Second Reading - Short Debate `reading-2`
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- **2003-05-29** Held on Calendar Order of Second Reading - Short Debate `reading-2`
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- **2003-05-30** House Floor Amendment No. 2 Filed with Clerk by Rep. Gary Hannig `amendment-introduction`
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- **2003-05-30** House Floor Amendment No. 2 Referred to Rules Committee `referral-committee`
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- **2003-05-30** House Floor Amendment No. 2 Rules Refers to State Government Administration Committee
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- **2003-05-30** Alternate Chief Sponsor Changed to Rep. Gary Hannig
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- **2003-05-31** House Floor Amendment No. 2 Recommends Be Adopted State Government Administration Committee; 010-000-000 `committee-passage-favorable`
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- **2003-05-31** House Floor Amendment No. 2 Adopted by Voice Vote `amendment-passage`
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- **2003-05-31** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2003-05-31** Third Reading - Short Debate - Passed 098-017-000 `reading-3, passage`
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- **2003-05-31** Secretary's Desk - Concurrence House Amendment(s) 01,02
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- **2003-05-31** Placed on Calendar Order of Concurrence House Amendment(s) 01,02 - May 31, 2003
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- **2003-05-31** House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Vince Demuzio `filing`
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- **2003-05-31** House Committee Amendment No. 1 Motion to Concur Referred to Rules `referral-committee`
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- **2003-05-31** House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Vince Demuzio `filing`
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- **2003-05-31** House Floor Amendment No. 2 Motion to Concur Referred to Rules `referral-committee`
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- **2003-05-31** House Committee Amendment No. 1 Motion to Concur Be Approved for Consideration Rules
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- **2003-05-31** House Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Rules
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- **2003-05-31** Added as Chief Co-Sponsor Sen. Don Harmon
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- **2003-05-31** Added as Chief Co-Sponsor Sen. Jeffrey M. Schoenberg
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- **2003-05-31** House Committee Amendment No. 1 Senate Concurs 030-025-000
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- **2003-05-31** House Floor Amendment No. 2 Senate Concurs 030-025-000
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- **2003-05-31** Passed Both Houses
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- **2003-06-27** Sent to the Governor `executive-receipt`
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- **2003-07-17** Governor Approved `executive-signature`
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- **2003-07-17** Effective Date January 1, 2004
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- **2003-07-17** Public Act . . . . . . . . . 93-0205 `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/0f665e2c-35d0-4886-be04-fd3ac35d00a1`. Confidence: reported (aggregated from official Illinois legislature records).
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