Illinois Senate Bill 3028 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 7-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]

Creates the Infrastructure Development Act. Provides that the State Treasurer shall segregate a portion of the Treasurer's State investment portfolio in the Infrastructure Development Account, an account that shall be maintained separately and apart from other moneys invested by the State Treasurer. Allows the State Treasurer to make investments concerning the Infrastructure Development Account. Provides for Infrastructure Development Account-Recipient Funds created by Illinois infrastructure development firms in which the State Treasurer places money. Provides further requirements concerning Infrastructure Development Account-Recipient Funds. Provides for the adoption rules. Provides that the Infrastructure Development Fund is created as a special fund in the State treasury, which may receive a portion of earnings from the Infrastructure Development Account and may be used by the State Treasurer to pay expenses related to the Act. Defines terms. Amends the State Finance Act to provide for the Infrastructure Development Fund. Effective immediately.

TREASURER-INFRASTRUCTURE DEV

Sen. Steve Stadelman [D]	Sen. Iris Martinez [D]	Sen. Linda Holmes [D]	Sen. Kimberly Lightford [D]
Sen. Napoleon Harris [D]	Sen. David Koehler [D]	Sen. Michael Halpin [D]

2020-03-04 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]

Date	Chamber	Action
2021-01-13	Senate	Session Sine Die
2020-03-05	House	Alternate Chief Sponsor Changed to Rep. Michael Halpin
2020-03-04	Senate	Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
2020-03-04	House	Referred to Rules Committee
2020-03-04	House	First Reading
2020-03-04	House	Chief House Sponsor Rep. Maurice A. West, II
2020-03-04	House	Arrived in House
2020-03-04	Senate	Third Reading - Passed; 055-000-000
2020-03-04	Senate	Added as Co-Sponsor Sen. David Koehler
2020-02-27	Senate	Placed on Calendar Order of 3rd Reading March 3, 2020
2020-02-27	Senate	Second Reading
2020-02-20	Senate	Added as Chief Co-Sponsor Sen. Linda Holmes
2020-02-20	Senate	Added as Chief Co-Sponsor Sen. Iris Y. Martinez
2020-02-20	Senate	Placed on Calendar Order of 2nd Reading February 25, 2020
2020-02-20	Senate	Do Pass Commerce and Economic Development; 010-000-000
2020-02-19	Senate	Added as Co-Sponsor Sen. Napoleon Harris, III
2020-02-11	Senate	Assigned to Commerce and Economic Development
2020-02-05	Senate	Referred to Assignments
2020-02-05	Senate	First Reading
2020-02-05	Senate	Filed with Secretary by Sen. Steve Stadelman

Chapter	Article	Section	Citation Type	Statute Text
30	105	5.930	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3028&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB3028.htm
Text	https://www.ilga.gov/legislation/101/SB/10100SB3028eng.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/101/senate/10100SB3028_03042020_008000T.pdf