IllinoisSB3247104th General Assembly (2025–2026)Senate

FINANCE-IFA ETHICS

Sponsored By: Elgie R. Sims, Jr. (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.

assignmentsexecutive

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Elgie R. Sims, Jr.

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

    5/22/2026Senate
  2. Rule 3-9(a) / Re-referred to Assignments

    5/22/2026Senate
  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

    5/15/2026Senate
  4. Senate Committee Amendment No. 1 To Ethics

    4/29/2026Senate
  5. Senate Committee Amendment No. 1 Assignments Refers to Executive

    4/28/2026Senate
  6. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

    4/24/2026Senate
  7. Senate Committee Amendment No. 1 Referred to Assignments

    4/23/2026Senate
  8. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Elgie R. Sims, Jr.

    4/23/2026Senate
  9. Rule 2-10 Committee Deadline Established As April 24, 2026

    3/27/2026Senate
  10. Rule 2-10 Committee Deadline Established As March 27, 2026

    3/13/2026Senate
  11. To Ethics

    2/18/2026Senate
  12. Assigned to Executive

    2/17/2026Senate
  13. Referred to Assignments

    2/3/2026Senate
  14. First Reading

    2/3/2026Senate
  15. Filed with Secretary by Sen. Elgie R. Sims, Jr.

    2/3/2026Senate

Bill Text

  • Introduced

  • Senate Amendment 1

Related Bills

Back to State Legislation