IllinoisHB3374104th General Assembly (2025–2026)HouseWALLET

BOND AUTHORIZATION ACT

Sponsored By: Sponsor information unavailable

Signed by Governor

Summary

Amends the Renewable Energy, Energy Efficiency, and Coal Resources Development Law of 1997. Extends the repeal of the Act until December 31, 2030. Effective immediately.

energy & environmentassignmentsexecutive

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 0 benefits, 0 costs, 3 mixed.

Build Illinois expands community project borrowing

Illinois raises Build Illinois bond authority by $740.2 million to about $12.099 billion, excluding refinancing bonds and certain retired bonds. Full issuance is not required, but issued bonds create repayment obligations. The infrastructure allocation rises $132 million to about $4.873 billion for listed projects, local loans and grants, and bond-sale expenses. Economic and community development rises $546.5 million to about $4.101 billion for business support, broadband, affordable housing, and human services. Education, health, and human services rises $61.7 million to about $2.847 billion for listed programs, equipment, libraries, and health facilities.

Illinois expands borrowing for public projects

Illinois raises its general obligation bond limit by $875 million to about $82.665 billion; full issuance is not required. Within that limit, capital-facilities borrowing authority rises $675 million to about $21.769 billion. This adds $60 million for open spaces, recreation, and conservation, bringing that amount to about $751.5 million. It also adds $615 million for state facilities, bringing that amount to about $9.055 billion. The law extends required monthly Capital Projects Fund transfers to repay bonds authorized by this law and three earlier laws. Bonds issued in fiscal years 2025 and 2026, including information-technology bonds, can have unequal principal repayment or required redemption amounts.

Illinois raises borrowing for pension payments

The law raises pension-acceleration bond authority from $2 billion to $2.2 billion. After authorized bond-sale expenses, proceeds must go into the State Pension Obligation Acceleration Bond Fund. Money can only fund accelerated pension payments under Illinois Pension Code Articles 14, 15, and 16, or repay these bonds. This supports specified pension payments but creates state debt; it does not set a new pension amount for individuals.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

  • Elgie R. Sims, Jr.

    Democratic • Senate

  • Robert "Bob" Rita

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 302 • No: 154

House vote • 6/1/2025

Senate Floor Amendment No. 2 House Concurs

Yes: 77 • No: 38

Senate vote • 6/1/2025

Third Reading - Passed;

Yes: 37 • No: 19

House vote • 6/1/2025

Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee;

Yes: 3 • No: 2

House vote • 6/1/2025

Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Rules Committee;

Yes: 3 • No: 2

House vote • 6/1/2025

Senate Committee Amendment No. 1 House Concurs

Yes: 77 • No: 38

House vote • 5/31/2025

Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee;

Yes: 3 • No: 2

Senate vote • 5/15/2025

Do Pass as Amended Executive;

Yes: 9 • No: 4

House vote • 4/11/2025

Third Reading - Short Debate - Passed

Yes: 74 • No: 39

House vote • 3/20/2025

Do Pass / Short Debate Energy & Environment Committee;

Yes: 19 • No: 10

Actions Timeline

  1. Public Act . . . . . . . . . 104-0008

    6/16/2025House
  2. Effective Date January 1, 2026

    6/16/2025House
  3. Governor Approved

    6/16/2025House
  4. Sent to the Governor

    6/11/2025House
  5. Passed Both Houses

    6/4/2025House
  6. Motion to Reconsider Vote - Withdrawn Rep. Bob Morgan

    6/4/2025House
  7. Motion Filed to Reconsider Vote Rep. Bob Morgan

    6/1/2025House
  8. House Concurs

    6/1/2025House
  9. Senate Floor Amendment No. 2 House Concurs 075-037-000

    6/1/2025House
  10. Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000

    6/1/2025House
  11. Senate Committee Amendment No. 1 House Concurs 075-037-000

    6/1/2025House
  12. Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000

    6/1/2025House
  13. Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee

    6/1/2025House
  14. Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee

    6/1/2025House
  15. Senate Floor Amendment No. 2 Motion Filed Concur Rep. Robert "Bob" Rita

    6/1/2025House
  16. Senate Committee Amendment No. 1 Motion Filed Concur Rep. Robert "Bob" Rita

    6/1/2025House
  17. Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2

    6/1/2025House
  18. Arrived in House

    6/1/2025House
  19. Chief Sponsor Changed to Rep. Robert "Bob" Rita

    6/1/2025House
  20. Third Reading - Passed; 037-019-000

    6/1/2025Senate
  21. 3/5 Vote Required

    6/1/2025Senate
  22. Placed on Calendar Order of 3rd Reading

    6/1/2025Senate
  23. Senate Floor Amendment No. 2 Adopted; Sims

    6/1/2025Senate
  24. Recalled to Second Reading

    6/1/2025Senate
  25. Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000

    5/31/2025House

Bill Text

  • Engrossed

  • Enrolled

  • Introduced

  • Senate Amendment 1

  • Senate Amendment 2

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