All Roll Calls
Yes: 298 • No: 152
IllinoisHB3374104th General Assembly (2025–2026)HouseWALLET
BOND AUTHORIZATION ACT
Sponsored By: Robert "Bob" Rita (Democratic)
Became Law
energy & environmentassignmentsexecutive
Your PRIA Score
Score Hidden
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
12 provisions identified: 8 benefits, 0 costs, 4 mixed.
Faster payments for some pensions
The state can issue $2.0 billion in Pension Obligation Acceleration Bonds. The money goes into a special fund to pay accelerated pension benefits for workers covered by Articles 14, 15, and 16. The fund can also pay principal and interest on these bonds. The deposit is an ongoing, irrevocable appropriation.
Energy upgrades at state buildings
State agencies receive $8.44 billion for capital work, including renewable energy upgrades and energy‑efficiency projects at state‑owned buildings. These projects lower energy use and modernize public facilities.
Upgrades to state prisons and jails
The law provides $2.59 billion for capital projects at state prisons and correctional centers. It also sets aside $25 million in grants for local jails that do not meet state minimum standards. Local grants can pay for construction, repairs, and durable equipment.
Big boost for local infrastructure and jobs
The law provides $4.74 billion for public infrastructure like water, transit, and school projects. It adds $3.55 billion for economic development, including small business loans, broadband grants, site work, and electric‑vehicle infrastructure. Another $599.59 million funds state-run grants to local governments for buildings, equipment, land, and planning.
Parks, cleanups, and flood control funds
The law funds $691.49 million for open space, recreation, and conservation work. It adds $237.13 million for the Illinois Open Land Trust to buy and preserve land. Another $277.87 million supports environmental projects, including up to $60 million for hazardous waste and brownfields cleanups. Water and flood projects receive $425.46 million for dams, waterways, and risk reduction. Park‑district aquariums get $5.01 million for improvements.
Health, child care, and veterans projects
The law provides $1.08 billion for state child care, mental health, and public health facilities, and for veterans’ care facilities. It also funds grants to community health centers, hospitals, and other providers for their capital projects. These projects expand space and improve care sites across the state.
More money for colleges and libraries
The law funds $6.91 billion for capital projects at state universities and community colleges. It adds $2.79 billion for education facilities, including early childhood and vocational projects. Another $16.94 million supports food production research spaces. Public libraries get $75.13 million for building improvements.
Statewide capital plan authorized
The law authorizes $21.09 billion for capital facilities statewide. Funds can pay for construction, planning, demolition, financing costs, and information technology purchases. This keeps the overall capital plan moving across agencies and communities.
Build Illinois bond funding rules tightened
Each month while bonds are outstanding, the state transfers the larger of: one‑twelfth of 150% of the certified annual debt service or the month’s Tax Act Amount, adding any shortfall carried forward. Total payments for the year cannot exceed the larger of those two figures. Variable-rate interest is counted at the maximum rate, and trustees must certify scheduled payments. The total cap for limited‑obligation bonds is $11.36 billion. Any unspent bond proceeds in the Build Illinois Bond Fund can be used to redeem or refund outstanding bonds.
Monthly GO bond payments and road backstop
Each month, the Treasurer and Comptroller must move money from the Capital Projects Fund to the General Obligation Bond Retirement and Interest Fund to cover the next payment. The monthly amount is spread evenly between payment dates and counts variable-rate interest at the maximum rate. If the Capital Projects Fund falls short for certain bonds issued before January 1, 2012, the Road Fund must cover the gap. That Road Fund advance becomes a debt of the Capital Projects Fund and must be repaid first each month until fully paid.
State updates GO and income-tax bonds
The state may issue up to $81.79 billion in General Obligation Bonds. Within this, up to $2.2 billion can be College Savings Bonds and up to $300 million can be Retirement Savings Bonds. The state may also issue Income Tax Proceed Bonds, with details set by the Governor and budget office under interest limits.
More transparency from bond underwriters
Firms that seek to join the state’s underwriter pool must report any State of Illinois credit default swap activity from the past 3 months. Underwriters in the pool must also file quarterly reports on their State CDS market activity. The Comptroller publishes these reports online. The law sets initial filing dates in statute and requires ongoing quarterly filings.
Sponsors & Cosponsors
Sponsor
Robert "Bob" Rita
Democratic • House
Cosponsors
Elgie R. Sims, Jr.
Democratic • Senate
Roll Call Votes
House vote • 6/1/2025
Senate Floor Amendment No. 2 House Concurs
Yes: 75 • No: 37
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 Committee Amendment No. 1 House Concurs
Yes: 75 • No: 37
House vote • 6/1/2025
Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Rules Committee;
Yes: 3 • No: 2
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
Public Act . . . . . . . . . 104-0008
6/16/2025HouseEffective Date January 1, 2026
6/16/2025HouseGovernor Approved
6/16/2025HouseSent to the Governor
6/11/2025HousePassed Both Houses
6/4/2025HouseMotion to Reconsider Vote - Withdrawn Rep. Bob Morgan
6/4/2025HouseMotion Filed to Reconsider Vote Rep. Bob Morgan
6/1/2025HouseHouse Concurs
6/1/2025HouseSenate Floor Amendment No. 2 House Concurs 075-037-000
6/1/2025HouseSenate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000
6/1/2025HouseSenate Committee Amendment No. 1 House Concurs 075-037-000
6/1/2025HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000
6/1/2025HouseSenate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee
6/1/2025HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
6/1/2025HouseSenate Floor Amendment No. 2 Motion Filed Concur Rep. Robert "Bob" Rita
6/1/2025HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Robert "Bob" Rita
6/1/2025HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1, 2
6/1/2025HouseArrived in House
6/1/2025HouseChief Sponsor Changed to Rep. Robert "Bob" Rita
6/1/2025HouseThird Reading - Passed; 037-019-000
6/1/2025Senate3/5 Vote Required
6/1/2025SenatePlaced on Calendar Order of 3rd Reading
6/1/2025SenateSenate Floor Amendment No. 2 Adopted; Sims
6/1/2025SenateRecalled to Second Reading
6/1/2025SenateSenate 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