Michael J. Zalewski
- Democratic
Primary
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.
Governor Approved
Public Act . . . . . . . . . 101-0485
Effective Date August 23, 2019
Sent to the Governor
Passed Both Houses
Third Reading - Passed; 046-008-000
Rule 2-10 Third Reading Deadline Established As May 31, 2019
Second Reading
Placed on Calendar Order of 3rd Reading May 22, 2019
Added as Alternate Chief Co-Sponsor Sen. Donald P. DeWitte
Do Pass Transportation; 013-000-000
Placed on Calendar Order of 2nd Reading May 7, 2019
Assigned to Transportation
Arrive in Senate
Placed on Calendar Order of First Reading
Chief Senate Sponsor Sen. Martin A. Sandoval
First Reading
Referred to Assignments
Third Reading - Short Debate - Passed 062-049-001
Placed on Calendar Order of 3rd Reading - Short Debate
Placed on Calendar - Consideration Postponed
Third Reading - Consideration Postponed
Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate
Do Pass / Short Debate Revenue & Finance Committee; 009-005-000
Placed on Calendar 2nd Reading - Short Debate
House Committee Amendment No. 1 Tabled Pursuant to Rule 40
Reported Back To Revenue & Finance Committee;
Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
To Sales, Amusement & Other Taxes Subcommittee
Assigned to Revenue & Finance Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Michael J. Zalewski
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| House Amendment 001 |
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