HB 1953

Abstract

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. House Floor Amendment No. 2 Provides that the Infrastructure Development Fund is created as a non-appropriated trust fund (rather than a special fund) within the State Treasury. Senate Committee Amendment No. 1 Deletes reference to: New Act 30 ILCS 105/5.935 new Adds reference to: 5 ILCS 70/1 from Ch. 1, par. 1001 Replaces everything after the enacting clause. Amends the Statute on Statutes. Makes a technical change in a Section regarding the application of the Act. Senate Floor Amendment No. 2 Deletes reference to: 5 ILCS 70/1 Adds reference to: 10 ILCS 5/2A-1.1b 10 ILCS 5/7-4 from Ch. 46, par. 7-4 10 ILCS 5/7-10 from Ch. 46, par. 7-10 10 ILCS 5/8-8 from Ch. 46, par. 8-8 25 ILCS 130/9-2.5 Replaces everything after the enacting clause. Amends the Election Code. Provides that, notwithstanding any other provisions relating to voting by mail, for the 2022 general primary election, electors may request vote by mail ballots for the general primary election beginning on March 30, 2022 but no later than June 23, 2022. In provisions relating to petitions for nominations, for the 2022 general primary election only, the petition circulator shall certify that the signatures on the sheet were signed during the period of January 13, 2022 through March 14, 2022 or certify that the signatures on the sheet were signed during the period of January 13, 2022 through the date on which this Statement was sworn or affirmed to. Amends the Legislative Commission Reorganization Act of 1984. Provides that in 2022 the period during which newsletters and brochures may not be mailed begins on May 15, 2022 (currently, February 1). Defines "State Central Committeeperson". Effective immediately.