HB 5349

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House Apr 18, 2024
  • Passed House Apr 17, 2024
  • Passed Senate May 16, 2024
  • Became Law Jul 19, 2024

High Speed Rail Stock Fund

Abstract

Amends the Department of Transportation Law of the Civil Administrative Code of Illinois. Provides that whenever the Department of Transportation enters into an agreement with any state or state agency, any public or private entity or quasi-public entity for the lease, rental, or use of locomotives, passenger railcars, and other rolling stock equipment or accessions, the Department may deposit such receipts into a separate escrow account. Allows funds in an escrow account holding lease payments, use fees, or rental payments to be withdrawn by the Department with the consent of the Midwest Fleet Pool Board, and deposited into the High-Speed Rolling Stock Fund. Provides that at the end of the term of an escrow account holding lease payments, use fees, or rental payments, the remaining balance shall be deposited in the High-Speed Rail Rolling Stock Fund. Provides that whenever the Department enters into an agreement with any carrier, state or state agency, any public or private entity, or quasi-public entity for costs related to procurement and maintenance of locomotives, passenger railcars, and other rolling stock equipment or accessions, the Department shall deposit such receipts into the High-Speed Rolling Stock Fund. Provides that the Department may make transfers or payments into the High-Speed Rail Rolling Stock Fund for the State's share of the costs related to locomotives, passenger railcars, and other rolling stock equipment. House Floor Amendment No. 1 Corrects typographical errors. Removes language providing that the Department of Transportation may make transfers into the High-Speed Rail Rolling Stock Fund for the State's share of the costs related to locomotives, passenger railcars, and other rolling stock equipment.

Bill Sponsors (3)

Votes


Actions


Jul 19, 2024

House

Public Act . . . . . . . . . 103-0707

House

Effective Date January 1, 2025

House

Governor Approved

Jun 13, 2024

House

Sent to the Governor

May 16, 2024

Senate

Third Reading - Passed; 059-000-000

House

Passed Both Houses

May 09, 2024

Senate

Placed on Calendar Order of 3rd Reading

Senate

Second Reading

May 08, 2024

Senate

Do Pass Transportation; 014-000-000

Senate

Placed on Calendar Order of 2nd Reading May 9, 2024

Apr 30, 2024

Senate

Rule 2-10 Committee Deadline Established As May 10, 2024

Senate

Assigned to Transportation

Apr 24, 2024

Senate

First Reading

Senate

Referred to Assignments

Senate

Chief Senate Sponsor Sen. Steve Stadelman

Apr 18, 2024

Senate

Placed on Calendar Order of First Reading April 30, 2024

Senate

Arrive in Senate

Apr 17, 2024

House

Third Reading - Short Debate - Passed 108-000-000

Apr 11, 2024

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

House Floor Amendment No. 1 Adopted

House

Second Reading - Short Debate

Apr 03, 2024

House

House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000

Apr 02, 2024

House

House Floor Amendment No. 1 Referred to Rules Committee

House

House Floor Amendment No. 1 Filed with Clerk by Rep. Sharon Chung

Mar 22, 2024

House

Placed on Calendar 2nd Reading - Short Debate

House

Added Chief Co-Sponsor Rep. Matt Hanson

Mar 21, 2024

House

Do Pass / Short Debate State Government Administration Committee; 009-000-000

Mar 12, 2024

House

Assigned to State Government Administration Committee

Feb 09, 2024

House

First Reading

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. Sharon Chung

Bill Text

Bill Text Versions Format
Introduced HTML PDF
Engrossed HTML PDF
Enrolled HTML PDF
House Amendment 001 HTML PDF

Related Documents

Document Format
Public Act

Sources

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