IL SB2099 | 2019-2020 | 101st General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 4-0)
Status: Passed on May 29 2020 - 100% progression
Action: 2020-05-29 - Public Act . . . . . . . . . 101-0630
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 4-0)
Status: Passed on May 29 2020 - 100% progression
Action: 2020-05-29 - Public Act . . . . . . . . . 101-0630
Text: Latest bill text (Chaptered) [HTML]
Summary
Creates the Coronavirus Urgent Remediation Emergency (CURE) Borrowing Act. Provides that the Governor, with the approval of the Comptroller and Treasurer, is authorized to borrow funds from the Federal Reserve Bank or its agent in accordance with the Municipal Liquidity Facility program established under the federal Coronavirus Aid, Relief, and Economic Stabilization Act (CARES) Act and the Federal Reserve Act, or in accordance with federal coronavirus financing legislation. Sets forth the purposes for which such funds can be used. Provides for the terms for borrowing, provides that the total amount borrowed may not exceed $5,000,000,000 outstanding at any time, and provides for the repayment of funds borrowed. Provides a continuing appropriation for the repayment of funds borrowed. Amends the State Finance Act. Creates the Coronavirus Urgent Remediation Emergency Borrowing Fund and makes conforming changes. Amends the Short Term Borrowing Act to make conforming changes. Effective immediately.
Title
CURE BORROWING ACT
Sponsors
Roll Calls
2020-05-22 - Senate - Concurrence in Senate (Y: 37 N: 19 NV: 3 Abs: 0) [PASS]
2020-05-22 - Senate - Concurrence in Senate (Y: 37 N: 19 NV: 3 Abs: 0) [PASS]
2020-05-22 - Senate - Concurrence in Senate (Y: 37 N: 19 NV: 3 Abs: 0) [PASS]
2020-05-22 - House - Third Reading in House (Y: 71 N: 45 NV: 0 Abs: 0) [PASS]
2019-03-27 - Senate - Third Reading in Senate (Y: 49 N: 0 NV: 10 Abs: 0) [PASS]
2020-05-22 - Senate - Concurrence in Senate (Y: 37 N: 19 NV: 3 Abs: 0) [PASS]
2020-05-22 - Senate - Concurrence in Senate (Y: 37 N: 19 NV: 3 Abs: 0) [PASS]
2020-05-22 - House - Third Reading in House (Y: 71 N: 45 NV: 0 Abs: 0) [PASS]
2019-03-27 - Senate - Third Reading in Senate (Y: 49 N: 0 NV: 10 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2020-05-29 | Senate | Public Act . . . . . . . . . 101-0630 |
2020-05-29 | Senate | Effective Date May 29, 2020 |
2020-05-29 | Senate | Governor Approved |
2020-05-29 | Senate | Sent to the Governor |
2020-05-22 | Senate | Added as Co-Sponsor Sen. Mattie Hunter |
2020-05-22 | Senate | Passed Both Houses |
2020-05-22 | Senate | Senate Concurs |
2020-05-22 | Senate | House Floor Amendment No. 3 Senate Concurs 037-019-000 |
2020-05-22 | Senate | House Floor Amendment No. 3 3/5 Vote Required |
2020-05-22 | Senate | House Floor Amendment No. 2 Senate Concurs 037-019-000 |
2020-05-22 | Senate | House Floor Amendment No. 2 3/5 Vote Required |
2020-05-22 | Senate | House Committee Amendment No. 1 Senate Concurs 037-019-000 |
2020-05-22 | Senate | House Committee Amendment No. 1 3/5 Vote Required |
2020-05-22 | Senate | Placed on Calendar Order of Concurrence House Amendment(s) 1, 2, 3 - May 22, 2020 |
2020-05-22 | Senate | House Floor Amendment No. 3 Motion to Concur Be Approved for Consideration Assignments |
2020-05-22 | Senate | House Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Assignments |
2020-05-22 | Senate | House Committee Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments |
2020-05-22 | Senate | House Floor Amendment No. 3 Motion to Concur Referred to Assignments |
2020-05-22 | Senate | House Floor Amendment No. 3 Motion to Concur Filed with Secretary Sen. Don Harmon |
2020-05-22 | Senate | House Floor Amendment No. 2 Motion to Concur Referred to Assignments |
2020-05-22 | Senate | House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Don Harmon |
2020-05-22 | Senate | House Committee Amendment No. 1 Motion to Concur Referred to Assignments |
2020-05-22 | Senate | House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon |
2020-05-22 | Senate | Secretary's Desk - Concurrence House Amendment(s) 1, 2, 3 |
2020-05-22 | House | Third Reading - Short Debate - Passed 071-045-000 |
2020-05-22 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
2020-05-22 | House | House Floor Amendment No. 3 Adopted |
2020-05-22 | House | House Floor Amendment No. 2 Adopted |
2020-05-22 | House | Recalled to Second Reading - Short Debate |
2020-05-22 | House | Added Alternate Chief Co-Sponsor Rep. Mary E. Flowers |
2020-05-22 | House | House Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 004-000-000 |
2020-05-22 | House | House Floor Amendment No. 3 Referred to Rules Committee |
2020-05-22 | House | House Floor Amendment No. 3 Filed with Clerk by Rep. Michael J. Zalewski |
2020-05-22 | House | House Floor Amendment No. 2 Recommends Be Adopted Executive Committee; 008-005-000 |
2020-05-21 | House | House Floor Amendment No. 2 Rules Refers to Executive Committee |
2020-05-21 | House | House Floor Amendment No. 2 Referred to Rules Committee |
2020-05-21 | House | House Floor Amendment No. 2 Filed with Clerk by Rep. Michael J. Zalewski |
2020-05-21 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
2020-05-21 | House | Second Reading - Short Debate |
2020-05-21 | House | Placed on Calendar 2nd Reading - Short Debate |
2020-05-21 | House | Do Pass as Amended / Short Debate Executive Committee; 008-005-000 |
2020-05-21 | House | House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote |
2020-05-21 | House | Legislation Considered in Special Session No. 1 |
2020-05-20 | House | House Committee Amendment No. 1 Suspend Rule 21 - Prevailed by Voice Vote |
2020-05-20 | House | House Committee Amendment No. 1 Moved to Suspend Rule 21 Rep. Gregory Harris |
2020-05-20 | House | Suspend Rule 21 - Prevailed by Voice Vote |
2020-05-20 | House | Moved to Suspend Rule 21 Rep. Gregory Harris |
2020-05-20 | House | House Committee Amendment No. 1 Rules Refers to Executive Committee |
2020-05-20 | House | House Committee Amendment No. 1 Referred to Rules Committee |
2020-05-20 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Gregory Harris; ; was filed before 3 pm |
2020-05-18 | House | Assigned to Executive Committee |
2020-01-20 | Senate | Chief Sponsor Changed to Sen. Don Harmon |
2019-11-04 | Senate | Chief Sponsor Changed to Sen. John J. Cullerton |
2019-05-10 | House | Rule 19(a) / Re-referred to Rules Committee |
2019-04-09 | House | Assigned to Executive Committee |
2019-03-28 | House | Referred to Rules Committee |
2019-03-28 | House | First Reading |
2019-03-28 | House | Chief House Sponsor Rep. Michael J. Zalewski |
2019-03-27 | House | Arrived in House |
2019-03-27 | Senate | Third Reading - Passed; 049-000-000 |
2019-03-26 | Senate | Placed on Calendar Order of 3rd Reading March 27, 2019 |
2019-03-26 | Senate | Second Reading |
2019-03-13 | Senate | Placed on Calendar Order of 2nd Reading March 14, 2019 |
2019-03-13 | Senate | Do Pass State Government; 005-000-000 |
2019-03-05 | Senate | Assigned to State Government |
2019-02-15 | Senate | Referred to Assignments |
2019-02-15 | Senate | First Reading |
2019-02-15 | Senate | Filed with Secretary by Sen. Toi W. Hutchinson |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
30 | 500 | 1-10 | Amended Code | Citation Text |
30 | 525 | 5.1 | New Code | See Bill Text |