Fabio
85 lines
4.3 KiB
Markdown
85 lines
4.3 KiB
Markdown
---
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type: "Bill"
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title: "MUNI CODE-BORROWING"
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description: "Amends the Illinois Municipal Code. In provisions authorizing the corporate authorities of a municipality to borrow money from any bank or other financial institution, adds to the definition of \"financial institution\" any regional planning commission or joint regional planning commission established in accordance with the Counties Code. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "96th"
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identifier: "HB 5540"
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citation: "Illinois HB 5540 (96th)"
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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: 25
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vote_count: 2
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first_action: "2010-02-08"
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last_action: "2010-07-14"
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source: "openstates"
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source_identifier: "ocd-bill/aa626cc7-a362-4d0d-b5af-6682ba6e25b0"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=5540&GAID=10&DocTypeID=HB&LegId=50695&SessionID=76&GA=96"
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source_hash: "6725aa5a830d924e067cbaf084b4e953fcc6b00e1a11037e13355b6e11ac7ee3"
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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 HB 5540 (96th) — MUNI CODE-BORROWING
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Amends the Illinois Municipal Code. In provisions authorizing the corporate authorities of a municipality to borrow money from any bank or other financial institution, adds to the definition of "financial institution" any regional planning commission or joint regional planning commission established in accordance with the Counties Code. 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=09600HB5540&GA=96&SessionId=76&DocTypeId=HB&LegID=50695&DocNum=5540&GAID=10&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB5540eng&GA=96&SessionId=76&DocTypeId=HB&LegID=50695&DocNum=5540&GAID=10&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB5540enr&GA=96&SessionId=76&DocTypeId=HB&LegID=50695&DocNum=5540&GAID=10&Session=&print=true)
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## Votes
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- Third Reading — **53–1** (pass) · upper
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- Third Reading — **102–2** (pass) · lower
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## Sponsors
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- John D. Cavaletto — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2010-02-08** Filed with the Clerk by Rep. John D. Cavaletto `filing`
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- **2010-02-09** First Reading `reading-1`
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- **2010-02-09** Referred to Rules Committee `referral-committee`
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- **2010-02-16** Assigned to Cities & Villages Committee `referral-committee`
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- **2010-03-02** Do Pass / Short Debate Cities & Villages Committee; 010-000-000 `committee-passage`
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- **2010-03-02** Placed on Calendar 2nd Reading - Short Debate
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- **2010-03-11** Second Reading - Short Debate `reading-2`
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- **2010-03-11** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2010-03-12** Third Reading - Short Debate - Passed 102-002-001 `reading-3, passage`
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- **2010-03-12** Arrive in Senate `introduction`
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- **2010-03-12** Placed on Calendar Order of First Reading March 15, 2010 `reading-1`
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- **2010-03-12** Chief Senate Sponsor Sen. John O. Jones
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- **2010-03-15** First Reading `reading-1`
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- **2010-03-15** Referred to Assignments `referral-committee`
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- **2010-04-06** Assigned to Local Government `referral-committee`
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- **2010-04-14** Do Pass Local Government; 005-000-000 `committee-passage`
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- **2010-04-14** Placed on Calendar Order of 2nd Reading April 15, 2010
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- **2010-04-21** Second Reading `reading-2`
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- **2010-04-21** Placed on Calendar Order of 3rd Reading April 22, 2010
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- **2010-04-27** Third Reading - Passed; 053-001-000 `reading-3, passage`
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- **2010-04-27** Passed Both Houses
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- **2010-05-26** Sent to the Governor `executive-receipt`
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- **2010-07-14** Governor Approved `executive-signature`
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- **2010-07-14** Effective Date July 14, 2010
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- **2010-07-14** Public Act . . . . . . . . . 96-1047 `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/aa626cc7-a362-4d0d-b5af-6682ba6e25b0`. Confidence: reported (aggregated from official Illinois legislature records).
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