Steve Stadelman
- Democratic
- Senator
- District 34
Primary
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.
Alternate Chief Sponsor Changed to Rep. Michael Halpin
Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
Referred to Rules Committee
First Reading
Chief House Sponsor Rep. Maurice A. West, II
Arrived in House
Added as Co-Sponsor Sen. David Koehler
Third Reading - Passed; 055-000-000
Second Reading
Placed on Calendar Order of 3rd Reading March 3, 2020
Added as Chief Co-Sponsor Sen. Linda Holmes
Added as Chief Co-Sponsor Sen. Iris Y. Martinez
Placed on Calendar Order of 2nd Reading February 25, 2020
Do Pass Commerce and Economic Development; 010-000-000
Added as Co-Sponsor Sen. Napoleon Harris, III
Assigned to Commerce and Economic Development
Filed with Secretary by Sen. Steve Stadelman
Referred to Assignments
First Reading
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Document | Format |
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| No related documents. |
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