IllinoisHB5407104th General Assembly (2025–2026)House

FINANCE-IFA ETHICS

Sponsored By: Ann M. Williams (Democratic)

In Committee

Summary

Amends the Illinois Finance Authority Act. In provisions concerning bond authorization and financing limits for clean coal projects, coal projects, energy efficiency projects, PACE projects, and renewable energy projects, provides that the limitations apply to outstanding bonds (instead of issued bonds). Provides that those limitations do not include bonds issued to refund the bonds of the Illinois Finance Authority or bonds of predecessor authorities. Provides that no member, officer, or employee of the Illinois Finance Authority may be in any manner financially interested in any contract or agreement upon which that person may be called to act or vote. Requires those members, officers, and employees to abstain from deliberating or voting on the award or material modification of any contract or agreement in which that person holds a financial interest. Provides that no member, officer, or employee of the Illinois Finance Authority may take or receive, or offer to take or receive, any money or other thing of value as a gift, bribe, or means of influencing that person's vote or action in that person's official capacity. Amends the Public Officer Prohibited Activities Act. Provides that certain provisions do not apply to the members and officers of the Illinois Finance Authority. Makes other changes.

executive

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Ann M. Williams

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

    3/27/2026House
  2. Rule 19(a) / Re-referred to Rules Committee

    3/27/2026House
  3. House Committee Amendment No. 1 Rules Refers to Executive Committee

    3/25/2026House
  4. House Committee Amendment No. 1 Referred to Rules Committee

    3/24/2026House
  5. House Committee Amendment No. 1 Filed with Clerk by Rep. Ann M. Williams

    3/24/2026House
  6. Assigned to Executive Committee

    3/18/2026House
  7. Referred to Rules Committee

    2/13/2026House
  8. First Reading

    2/13/2026House
  9. Filed with the Clerk by Rep. Ann M. Williams

    2/6/2026House

Bill Text

  • House Amendment 1

  • Introduced

Related Bills

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