# Illinois HB3374: BOND AUTHORIZATION ACT Illinois HB3374, BOND AUTHORIZATION ACT, is a 104th General Assembly (2025–2026) House bill sponsored by no sponsor on record; status signed, last action 2025-06-16 (Public Act . . . . . . . . . 104-0008); PRIA reads it as touching household money (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/IL-HB3374-2025-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Illinois HB3374 - State: Illinois - Session: 104th General Assembly (2025–2026) - Title: BOND AUTHORIZATION ACT - Status: signed - Chamber: House - Introduced: 2025-02-07 - Last action: 2025-06-16, Public Act . . . . . . . . . 104-0008 - Sponsors: no sponsor on record - Cosponsors: 2 - Subjects: energy & environment, assignments, executive - Touches household money: yes - Roll calls: 9 (302 yes, 154 no in all) - Economic provisions PRIA read: 3 ## 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. ## Bill overview: provisions PRIA read - Build Illinois expands community project borrowing: mixed, high. 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… - Illinois expands borrowing for public projects: mixed, high. 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, brin… - Illinois raises borrowing for pension payments: mixed, high. 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, o… ## Sponsors and cosponsors - Cosponsor: Elgie R. Sims, Jr. (Democratic), Senate - Cosponsor: Robert "Bob" Rita (Democratic), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-06-01 | House | Senate Floor Amendment No. 2 House Concurs | pass | 77 | 38 | | | 2025-06-01 | Senate | Third Reading - Passed; | pass | 37 | 19 | | | 2025-06-01 | House | Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; | pass | 3 | 2 | | | 2025-06-01 | House | Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Rules Committee; | pass | 3 | 2 | | | 2025-06-01 | House | Senate Committee Amendment No. 1 House Concurs | pass | 77 | 38 | | | 2025-05-31 | House | Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; | pass | 3 | 2 | | | 2025-05-15 | Senate | Do Pass as Amended Executive; | pass | 9 | 4 | | | 2025-04-11 | House | Third Reading - Short Debate - Passed | pass | 74 | 39 | | | 2025-03-20 | House | Do Pass / Short Debate Energy & Environment Committee; | pass | 19 | 10 | | ## Actions (58) - 2025-06-16: Public Act . . . . . . . . . 104-0008 (House) - 2025-06-16: Effective Date January 1, 2026 (House) - 2025-06-16: Governor Approved (House) - 2025-06-11: Sent to the Governor (House) - 2025-06-04: Passed Both Houses (House) - 2025-06-04: Motion to Reconsider Vote - Withdrawn Rep. Bob Morgan (House) - 2025-06-01: Motion Filed to Reconsider Vote Rep. Bob Morgan (House) - 2025-06-01: House Concurs (House) - 2025-06-01: Senate Floor Amendment No. 2 House Concurs 075-037-000 (House) - 2025-06-01: Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000 (House) - 2025-06-01: Senate Committee Amendment No. 1 House Concurs 075-037-000 (House) - 2025-06-01: Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000 (House) - 2025-06-01: Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee (House) - 2025-06-01: Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee (House) - 2025-06-01: Senate Floor Amendment No. 2 Motion Filed Concur Rep. Robert "Bob" Rita (House) - 2025-06-01: Senate Committee Amendment No. 1 Motion Filed Concur Rep. Robert "Bob" Rita (House) - 2025-06-01: Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2 (House) - 2025-06-01: Arrived in House (House) - 2025-06-01: Chief Sponsor Changed to Rep. Robert "Bob" Rita (House) - 2025-06-01: Third Reading - Passed; 037-019-000 (Senate) - 2025-06-01: 3/5 Vote Required (Senate) - 2025-06-01: Placed on Calendar Order of 3rd Reading (Senate) - 2025-06-01: Senate Floor Amendment No. 2 Adopted; Sims (Senate) - 2025-06-01: Recalled to Second Reading (Senate) - 2025-05-31: Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000 (House) - 2025-05-31: Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee (House) - 2025-05-31: Senate Floor Amendment No. 2 Be Approved for Consideration Assignments (Senate) - 2025-05-31: Alternate Chief Sponsor Changed to Sen. Elgie R. Sims, Jr. (Senate) - 2025-05-31: Senate Floor Amendment No. 2 Referred to Assignments (Senate) - 2025-05-31: Senate Floor Amendment No. 2 Filed with Secretary by Sen. Elgie R. Sims, Jr. (Senate) - 2025-05-23: Rule 2-10 Third Reading/Passage Deadline Established As June 1, 2025 (Senate) - 2025-05-15: Placed on Calendar Order of 3rd Reading May 20, 2025 (Senate) - 2025-05-15: Second Reading (Senate) - 2025-05-15: Placed on Calendar Order of 2nd Reading (Senate) - 2025-05-15: Do Pass as Amended Executive; 009-004-000 (Senate) - 2025-05-14: Senate Committee Amendment No. 1 Adopted (Senate) - 2025-05-14: Senate Committee Amendment No. 1 Assignments Refers to Executive (Senate) - 2025-05-13: Alternate Chief Sponsor Changed to Sen. Don Harmon (Senate) - 2025-05-13: Senate Committee Amendment No. 1 Referred to Assignments (Senate) - 2025-05-13: Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon (Senate) - 2025-05-09: Rule 2-10 Committee Deadline Established As May 23, 2025 (Senate) - 2025-05-08: Assigned to Executive (Senate) - 2025-04-23: Referred to Assignments (Senate) - 2025-04-23: First Reading (Senate) - 2025-04-23: Chief Senate Sponsor Sen. Graciela Guzmán (Senate) - 2025-04-14: Placed on Calendar Order of First Reading April 29, 2025 (Senate) - 2025-04-14: Arrive in Senate (Senate) - 2025-04-11: Third Reading - Short Debate - Passed 074-039-000 (House) - 2025-04-11: Placed on Calendar Order of 3rd Reading - Short Debate (House) - 2025-04-09: Chief Sponsor Changed to Rep. Norma Hernandez (House) - 2025-03-26: Held on Calendar Order of Second Reading - Short Debate (House) - 2025-03-26: Second Reading - Short Debate (House) - 2025-03-21: Placed on Calendar 2nd Reading - Short Debate (House) - 2025-03-20: Do Pass / Short Debate Energy & Environment Committee; 019-010-000 (House) - 2025-03-11: Assigned to Energy & Environment Committee (House) - 2025-02-18: Referred to Rules Committee (House) - 2025-02-18: First Reading (House) - 2025-02-07: Filed with the Clerk by Rep. Michelle Mussman (House) ## Bill text - Engrossed: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3374eng.pdf) - Enrolled: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3374enr.pdf) - Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3374.pdf) - Senate Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3374sam001.pdf) - Senate Amendment 2: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3374sam002.pdf) ## Related bills - HB5198: AFFORDABLE HOUSING-CILAS (passed house) - SB1937: PENSION CODE-VARIOUS (passed senate) - HB2563: CONDO-RESERVE STUDY (in committee) - HB4701: LIMITATIONS FACILITY FEES ACT (in committee) - SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate) - SB3484: VEH CD-PLATES-REGISTRATION (signed) ## Sources - [Engrossed (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3374eng.pdf) - [Enrolled (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3374enr.pdf) - [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3374.pdf) - [Senate Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3374sam001.pdf) - [Senate Amendment 2 (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3374sam002.pdf) ## Related - [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026) - [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026) - [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026) - [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026) - [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026) - [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026) - [Illinois bills](https://policyrisk.com/states/illinois/bills) - [Illinois state hub](https://policyrisk.com/states/illinois) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/IL-HB3374-2025-2026 (as of 2026-11-01).