Fabio
143 lines
8.8 KiB
Markdown
143 lines
8.8 KiB
Markdown
---
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type: "Bill"
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title: "BONDS-AGGREGATE PRINCIPAL-IFA"
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description: "Amends the Illinois Finance Authority Act. Provides that the Authority may not have outstanding at any one time bonds for any of its corporate purposes in an aggregate principal amount exceeding $29,000,000,000 (now, $23,000,000,000). Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "94th"
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identifier: "SB 1625"
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citation: "Illinois SB 1625 (94th)"
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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: 78
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vote_count: 4
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first_action: "2005-02-23"
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last_action: "2006-08-01"
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source: "openstates"
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source_identifier: "ocd-bill/9a9ec062-6df2-4b2b-824f-26ed8f094f36"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1625&GAID=8&DocTypeID=SB&LegId=19688&SessionID=50&GA=94"
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source_hash: "a77597e3aa361e9d2c66cf2622bdf4b71b4c309b72a8c332c2b00f3cb73c64c8"
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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 1625 (94th) — BONDS-AGGREGATE PRINCIPAL-IFA
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Amends the Illinois Finance Authority Act. Provides that the Authority may not have outstanding at any one time bonds for any of its corporate purposes in an aggregate principal amount exceeding $29,000,000,000 (now, $23,000,000,000). 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=09400SB1625&GA=94&SessionId=50&DocTypeId=SB&LegID=19688&DocNum=1625&GAID=8&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB1625eng&GA=94&SessionId=50&DocTypeId=SB&LegID=19688&DocNum=1625&GAID=8&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB1625enr&GA=94&SessionId=50&DocTypeId=SB&LegID=19688&DocNum=1625&GAID=8&Session=&print=true)
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## Votes
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- Third Reading — **61–49** (pass) · lower
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- Third Reading — **32–26** (pass) · upper
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- Concurrence, Amendment 4 — **32–26** (pass) · upper
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- Concurrence — **32–26** (pass) · upper
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## Sponsors
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- Edward J. Acevedo — cosponsor (person)
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- Jeffrey M. Schoenberg — primary (person)
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- Maria Antonia Berrios — cosponsor (person)
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- William Davis — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2005-02-23** Filed with Secretary by Sen. Jeffrey M. Schoenberg `filing`
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- **2005-02-23** First Reading `reading-1`
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- **2005-02-23** Referred to Rules `referral-committee`
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- **2005-03-02** Assigned to Executive `referral-committee`
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- **2005-03-10** Postponed - Executive
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- **2005-03-17** Do Pass Executive; 012-000-000 `committee-passage`
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- **2005-03-17** Placed on Calendar Order of 2nd Reading April 6, 2005
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- **2005-04-13** Second Reading `reading-2`
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- **2005-04-13** Placed on Calendar Order of 3rd Reading April 14, 2005
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- **2005-04-15** Third Reading - Passed; 032-026-000 `reading-3, passage`
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- **2005-04-15** Arrived in House `introduction`
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- **2005-04-15** Placed on Calendar Order of First Reading `reading-1`
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- **2005-05-03** Chief House Sponsor Rep. Gary Hannig
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- **2005-05-03** First Reading `reading-1`
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- **2005-05-03** Referred to Rules Committee `referral-committee`
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- **2005-05-04** Added Alternate Co-Sponsor Rep. Edward J. Acevedo
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- **2005-05-05** Assigned to Executive Committee `referral-committee`
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- **2005-05-05** Added Alternate Co-Sponsor Rep. Linda Chapa LaVia
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- **2005-05-05** Added Alternate Co-Sponsor Rep. Jack D. Franks
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- **2005-05-05** Added Alternate Co-Sponsor Rep. Maria Antonia Berrios
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- **2005-05-05** Added Alternate Co-Sponsor Rep. William Davis
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- **2005-05-13** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
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- **2005-05-27** Final Action Deadline Extended-9(b) May 31, 2005
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- **2005-05-27** Assigned to Revenue Committee `referral-committee`
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- **2005-05-27** Motion to Suspend Rule 25 - Prevailed
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- **2005-05-29** Added Alternate Chief Co-Sponsor Rep. Barbara Flynn Currie
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- **2005-05-29** House Committee Amendment No. 1 Filed with Clerk by Revenue Committee `amendment-introduction`
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- **2005-05-29** House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote `amendment-passage`
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- **2005-05-29** Do Pass as Amended / Standard Debate Revenue Committee; 007-005-000 `committee-passage`
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- **2005-05-29** Placed on Calendar 2nd Reading - Standard Debate
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- **2005-05-29** Second Reading - Standard Debate `reading-2`
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- **2005-05-29** Held on Calendar Order of Second Reading - Standard Debate `reading-2`
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- **2005-05-30** House Floor Amendment No. 2 Filed with Clerk by Rep. Gary Hannig `amendment-introduction`
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- **2005-05-30** House Floor Amendment No. 2 Referred to Rules Committee `referral-committee`
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- **2005-05-30** House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 003-002-000 `committee-passage-favorable`
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- **2005-05-31** House Floor Amendment No. 3 Filed with Clerk by Rep. Gary Hannig `amendment-introduction`
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- **2005-05-31** House Floor Amendment No. 3 Referred to Rules Committee `referral-committee`
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- **2005-05-31** House Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 003-002-000 `committee-passage-favorable`
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- **2005-05-31** Alternate Co-Sponsor Removed Rep. Linda Chapa LaVia
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- **2005-05-31** Alternate Co-Sponsor Removed Rep. Jack D. Franks
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- **2005-05-31** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
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- **2006-04-10** Final Action Deadline Extended-9(b) April 13, 2006
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- **2006-04-10** Approved for Consideration Rules Committee; 003-001-000
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- **2006-04-10** Placed on Calendar 2nd Reading - Standard Debate
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- **2006-04-11** House Floor Amendment No. 4 Filed with Clerk by Rep. Gary Hannig `amendment-introduction`
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- **2006-04-11** House Floor Amendment No. 4 Referred to Rules Committee `referral-committee`
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- **2006-04-12** House Floor Amendment No. 4 Recommends Be Adopted Rules Committee; 004-000-000 `committee-passage-favorable`
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- **2006-04-13** Final Action Deadline Extended-9(b) April 30, 2006
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- **2006-04-18** House Floor Amendment No. 2 Withdrawn by Rep. Gary Hannig
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- **2006-04-18** House Floor Amendment No. 3 Withdrawn by Rep. Gary Hannig
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- **2006-04-18** House Floor Amendment No. 4 Adopted by Voice Vote `amendment-passage`
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- **2006-04-18** Held on Calendar Order of Second Reading - Standard Debate `reading-2`
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- **2006-04-18** Fiscal Note Requested by Rep. William B. Black; As Amended by HA 4
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- **2006-04-18** Balanced Budget Note Requested by Rep. William B. Black; As Amended by HA 4
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- **2006-04-18** State Debt Impact Note Requested by Rep. William B. Black; As Amended by HA 4
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- **2006-04-19** Fiscal Note Filed As Amended by HA 4
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- **2006-04-19** State Debt Impact Note Filed As Amended by HA 4
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- **2006-04-25** Balanced Budget Note Filed As Amended by HA 4
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- **2006-04-30** Final Action Deadline Extended-9(b) May 5, 2006
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- **2006-05-02** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2006-05-02** Third Reading - Short Debate - Passed 061-049-001 `reading-3, passage`
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- **2006-05-02** Secretary's Desk - Concurrence House Amendment(s) 01,04
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- **2006-05-02** Placed on Calendar Order of Concurrence House Amendment(s) 01,04-May 3, 2006
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- **2006-05-02** House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Jeffrey M. Schoenberg `filing`
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- **2006-05-02** House Committee Amendment No. 1 Motion to Concur Referred to Rules `referral-committee`
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- **2006-05-02** House Floor Amendment No. 4 Motion to Concur Filed with Secretary Sen. Jeffrey M. Schoenberg `filing`
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- **2006-05-02** House Floor Amendment No. 4 Motion to Concur Referred to Rules `referral-committee`
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- **2006-05-02** House Committee Amendment No. 1 Motion to Concur Rules Referred to Executive `referral-committee`
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- **2006-05-02** House Floor Amendment No. 4 Motion to Concur Rules Referred to Executive `referral-committee`
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- **2006-05-03** House Committee Amendment No. 1 Recommend Do Adopt Executive; 007-005-000
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- **2006-05-03** House Floor Amendment No. 4 Recommend Do Adopt Executive; 007-005-000
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- **2006-05-04** House Committee Amendment No. 1 Senate Concurs 032-026-000
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- **2006-05-04** House Floor Amendment No. 4 Senate Concurs 032-026-000
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- **2006-05-04** Passed Both Houses
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- **2006-06-02** Sent to the Governor `executive-receipt`
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- **2006-08-01** Governor Approved `executive-signature`
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- **2006-08-01** Effective Date August 1, 2006
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- **2006-08-01** Public Act . . . . . . . . . 94-1068 `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/9a9ec062-6df2-4b2b-824f-26ed8f094f36`. Confidence: reported (aggregated from official Illinois legislature records).
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