Illinois House Bill 2823 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on August 23 2019 - 100% progression
Action: 2019-08-23 - Public Act . . . . . . . . . 101-0485
Text: Latest bill text (Chaptered) [HTML]

Amends the Metropolitan Transit Authority Act and Regional Transportation Authority Act. Establishes procedures for repayment of defaulted interim financing notes issued by the Chicago Transit Authority and defaulted working cash notes issued by the Regional Transportation Authority, in which State money in the State treasury was invested. Provides that the Regional Transportation Authority may issue, sell, and deliver additional working cash notes and establish lines of credit (rather than only working cash notes) before July 1, 2022 (rather than July 1, 2018) that are over and above and in addition to the $100,000,000 bond or note authorization. Establishes procedures for establishment of lines of credit. Requires notice to the Governor's Office of Management and Budget and State Comptroller before establishing a line of credit and provides that money borrowed under a line of credit are general obligations of the Authority that are secured by the full faith and credit of the Authority. Effective immediately.

RTA&CTA-NOTES & LINE OF CREDIT

Rep. Michael Zalewski [D]

Sen. Martin Sandoval [D]

Sen. Donald DeWitte [R]

2019-05-30 - Senate - Third Reading in Senate (Y: 46 N: 8 NV: 5 Abs: 0) [PASS]
2019-04-09 - House - Motion in House (Y: 62 N: 49 NV: 1 Abs: 1) [PASS]

Date	Chamber	Action
2019-08-23	House	Public Act . . . . . . . . . 101-0485
2019-08-23	House	Effective Date August 23, 2019
2019-08-23	House	Governor Approved
2019-06-28	House	Sent to the Governor
2019-05-30	House	Passed Both Houses
2019-05-30	Senate	Third Reading - Passed; 046-008-000
2019-05-24	Senate	Rule 2-10 Third Reading Deadline Established As May 31, 2019
2019-05-21	Senate	Placed on Calendar Order of 3rd Reading May 22, 2019
2019-05-21	Senate	Second Reading
2019-05-14	Senate	Added as Alternate Chief Co-Sponsor Sen. Donald P. DeWitte
2019-05-02	Senate	Placed on Calendar Order of 2nd Reading May 7, 2019
2019-05-02	Senate	Do Pass Transportation; 013-000-000
2019-04-24	Senate	Assigned to Transportation
2019-04-10	Senate	Referred to Assignments
2019-04-10	Senate	First Reading
2019-04-10	Senate	Chief Senate Sponsor Sen. Martin A. Sandoval
2019-04-10	Senate	Placed on Calendar Order of First Reading
2019-04-10	Senate	Arrive in Senate
2019-04-09	House	Third Reading - Short Debate - Passed 062-049-001
2019-04-09	House	Placed on Calendar Order of 3rd Reading - Short Debate
2019-04-04	House	Placed on Calendar - Consideration Postponed
2019-04-04	House	Third Reading - Consideration Postponed
2019-03-26	House	Placed on Calendar Order of 3rd Reading - Short Debate
2019-03-26	House	Second Reading - Short Debate
2019-03-21	House	Placed on Calendar 2nd Reading - Short Debate
2019-03-21	House	House Committee Amendment No. 1 Tabled Pursuant to Rule 40
2019-03-21	House	Do Pass / Short Debate Revenue & Finance Committee; 009-005-000
2019-03-21	House	Reported Back To Revenue & Finance Committee;
2019-03-21	House	Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000
2019-03-19	House	House Committee Amendment No. 1 Referred to Rules Committee
2019-03-19	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
2019-03-06	House	To Sales, Amusement & Other Taxes Subcommittee
2019-02-26	House	Assigned to Revenue & Finance Committee
2019-02-14	House	Referred to Rules Committee
2019-02-14	House	First Reading
2019-02-14	House	Filed with the Clerk by Rep. Michael J. Zalewski

Chapter	Article	Section	Citation Type	Statute Text
70	3605	12a	Amended Code	Citation Text
70	3615	4.04	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2823&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB2823.htm
Text	https://www.ilga.gov/legislation/101/HB/10100HB2823eng.htm
Text	https://www.ilga.gov/legislation/101/HB/10100HB2823enr.htm
Text	https://www.ilga.gov/legislation/publicacts/101/101-0485.htm
Amendment	https://www.ilga.gov/legislation/101/HB/10100HB2823ham001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/101/house/10100HB2823_04092019_027000.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/101/senate/10100HB2823_05302019_055000T.pdf