# Illinois SB2689: FINANCE AUTH-ENERGY STORAGE

Illinois SB2689, FINANCE AUTH-ENERGY STORAGE, is a 104th General Assembly (2025–2026) Senate bill sponsored by Willie Preston (Democratic); status in committee, last action 2025-10-14 (Referred to Assignments) (as of 2026-11-01).

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- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB2689
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: FINANCE AUTH-ENERGY STORAGE
- Status: in committee
- Chamber: Senate
- Introduced: 2025-10-14
- Last action: 2025-10-14, Referred to Assignments
- Sponsor: Willie Preston (Democratic)
- Cosponsors: 0
- Subjects: assignments
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Amends the Illinois Finance Authority Act. In provisions regarding clean coal, coal, energy efficiency, PACE, and renewable energy project financing, adds provisions regarding energy storage project financing. Makes changes in provisions concerning project bond authorizations and financing limits. Makes conforming changes to related provisions regarding findings, definitions, creation of reserve funds, powers and duties of the Illinois Finance Authority, criteria for program participation, securitization of bonds issued by the Authority, and other related provisions.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Willie Preston (Democratic), Senate

## Actions (3)

- 2025-10-14: Referred to Assignments (Senate)
- 2025-10-14: First Reading (Senate)
- 2025-10-14: Filed with Secretary by Sen. Willie Preston (Senate)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2689.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
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2689.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-SB2689-2025-2026 (as of 2026-11-01).