CURE BORROWING ACT Senate SponsorsSen. Don Harmon and Mattie Hunter House Sponsors(Rep. Michael J. Zalewski-Mary E. Flowers) 5/29/2020SenatePublic Act . . . . . . . . . 101-0630 30 ILCS 500/1-1030 ILCS 525/5.1 newAmends the Illinois Procurement Code. Provides that the Code does not apply to contracts entered into prior to July 1, 2022 by a State agency, or by multiple State agencies, for the single integrated tax processing system currently in use by the Department of Revenue on the effective date of the amendatory Act. Amends the Governmental Joint Purchasing Act. Provides that the Act does not apply to contracts entered into by multiple State agencies for the single integrated tax processing system currently in use by the Department of Revenue on the effective date of the amendatory Act.House Committee Amendment No. 1 Deletes reference to:35 ILCS 200/18-16535 ILCS 200/21-9035 ILCS 200/22-35Adds reference to:35 ILCS 200/1-55Replaces everything after the enacting clause. Amends the Property Tax Code. Makes a technical change in a Section concerning the definition of "33 1/3%".House Floor Amendment No. 2 Deletes reference to:30 ILCS 500/1-1030 ILCS 525/5.1 newAdds reference to:New Act30 ILCS 105/5.934 new30 ILCS 105/6z-123 new30 ILCS 340/1from Ch. 120, par. 40630 ILCS 340/1.130 ILCS 340/2from Ch. 120, par. 40730 ILCS 340/3from Ch. 120, par. 408Replaces everything after the enacting clause. Creates the Coronavirus Urgent Remediation Emergency (CURE) Borrowing Act. Provides that the Governor, with the approval of the Comptroller and Treasurer, is authorized to borrow funds from the Federal Reserve Bank or its agent in accordance with the Municipal Liquidity Facility program established under the federal Coronavirus Aid, Relief, and Economic Stabilization Act (CARES) Act and the Federal Reserve Act, or in accordance with federal coronavirus relief legislation. Sets forth the purposes for which such funds can be used. Provides for the terms for borrowing, provides that the total amount borrowed may not exceed $5,000,000,000 outstanding at any time, and provides for the repayment of funds borrowed. Provides a continuing appropriation for the repayment of funds borrowed. Amends the State Finance Act. Creates the Coronavirus Urgent Remediation Emergency Borrowing Fund and makes conforming changes. Amends the Short Term Borrowing Act to make conforming changes. Effective immediately.House Floor Amendment No. 3 Deletes reference to:30 ILCS 500/1-1030 ILCS 525/5.1 newAdds reference to:New Act30 ILCS 105/5.934 new30 ILCS 105/6z-123 new30 ILCS 340/1from Ch. 120, par. 40630 ILCS 340/1.130 ILCS 340/2from Ch. 120, par. 40730 ILCS 340/3from Ch. 120, par. 408Replaces everything after the enacting clause. Creates the Coronavirus Urgent Remediation Emergency (CURE) Borrowing Act. Provides that the Governor, with the approval of the Comptroller and Treasurer, is authorized to borrow funds from the Federal Reserve Bank or its agent in accordance with the Municipal Liquidity Facility program established under the federal Coronavirus Aid, Relief, and Economic Stabilization Act (CARES) Act and the Federal Reserve Act, or in accordance with federal coronavirus financing legislation. Sets forth the purposes for which such funds can be used. Provides for the terms for borrowing, provides that the total amount borrowed may not exceed $5,000,000,000 outstanding at any time, and provides for the repayment of funds borrowed. Provides a continuing appropriation for the repayment of funds borrowed. Amends the State Finance Act. Creates the Coronavirus Urgent Remediation Emergency Borrowing Fund and makes conforming changes. Amends the Short Term Borrowing Act to make conforming changes. Effective immediately. 2/15/2019SenateFiled with Secretary by Sen. Toi W. Hutchinson 2/15/2019SenateFirst Reading 2/15/2019SenateReferred to Assignments 3/5/2019SenateAssigned to State Government 3/13/2019SenateDo Pass State Government; 005-000-000 3/13/2019SenatePlaced on Calendar Order of 2nd Reading March 14, 2019 3/26/2019SenateSecond Reading 3/26/2019SenatePlaced on Calendar Order of 3rd Reading March 27, 2019 3/27/2019SenateThird Reading - Passed; 049-000-000 3/27/2019HouseArrived in House 3/28/2019HouseChief House Sponsor Rep. Michael J. Zalewski 3/28/2019HouseFirst Reading 3/28/2019HouseReferred to Rules Committee 4/9/2019HouseAssigned to Executive Committee 5/10/2019HouseRule 19(a) / Re-referred to Rules Committee 11/4/2019SenateChief Sponsor Changed to Sen. John J. Cullerton 1/20/2020SenateChief Sponsor Changed to Sen. Don Harmon 5/18/2020HouseAssigned to Executive Committee 5/20/2020HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Gregory Harris; ; was filed before 3 pm 5/20/2020HouseHouse Committee Amendment No. 1 Referred to Rules Committee 5/20/2020HouseHouse Committee Amendment No. 1 Rules Refers to Executive Committee 5/20/2020HouseMoved to Suspend Rule 21 Rep. Gregory Harris 5/20/2020HouseSuspend Rule 21 - Prevailed 5/20/2020HouseHouse Committee Amendment No. 1 Moved to Suspend Rule 21 Rep. Gregory Harris 5/20/2020HouseHouse Committee Amendment No. 1 Suspend Rule 21 - Prevailed 5/21/2020HouseLegislation Considered in Special Session No. 1 5/21/2020HouseHouse Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote 5/21/2020HouseDo Pass as Amended / Short Debate Executive Committee; 008-005-000 5/21/2020HousePlaced on Calendar 2nd Reading - Short Debate 5/21/2020HouseSecond Reading - Short Debate 5/21/2020HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/21/2020HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Michael J. Zalewski 5/21/2020HouseHouse Floor Amendment No. 2 Referred to Rules Committee 5/21/2020HouseHouse Floor Amendment No. 2 Rules Refers to Executive Committee 5/22/2020HouseHouse Floor Amendment No. 2 Recommends Be Adopted Executive Committee; 008-005-000 5/22/2020HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. Michael J. Zalewski 5/22/2020HouseHouse Floor Amendment No. 3 Referred to Rules Committee 5/22/2020HouseHouse Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 004-000-000 5/22/2020HouseAdded Alternate Chief Co-Sponsor Rep. Mary E. Flowers 5/22/2020HouseRecalled to Second Reading - Short Debate 5/22/2020HouseHouse Floor Amendment No. 2 Adopted 5/22/2020HouseHouse Floor Amendment No. 3 Adopted 5/22/2020HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/22/2020HouseThird Reading - Short Debate - Passed 071-045-000 5/22/2020SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2, 3 5/22/2020SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon 5/22/2020SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments 5/22/2020SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Don Harmon 5/22/2020SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments 5/22/2020SenateHouse Floor Amendment No. 3 Motion to Concur Filed with Secretary Sen. Don Harmon 5/22/2020SenateHouse Floor Amendment No. 3 Motion to Concur Referred to Assignments 5/22/2020SenateHouse Committee Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments 5/22/2020SenateHouse Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Assignments 5/22/2020SenateHouse Floor Amendment No. 3 Motion to Concur Be Approved for Consideration Assignments 5/22/2020SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1, 2, 3 - May 22, 2020 5/22/2020SenateHouse Committee Amendment No. 1 3/5 Vote Required 5/22/2020SenateHouse Committee Amendment No. 1 Senate Concurs 037-019-000 5/22/2020SenateHouse Floor Amendment No. 2 3/5 Vote Required 5/22/2020SenateHouse Floor Amendment No. 2 Senate Concurs 037-019-000 5/22/2020SenateHouse Floor Amendment No. 3 3/5 Vote Required 5/22/2020SenateHouse Floor Amendment No. 3 Senate Concurs 037-019-000 5/22/2020SenateSenate Concurs 5/22/2020SenatePassed Both Houses 5/22/2020SenateAdded as Co-Sponsor Sen. Mattie Hunter 5/29/2020SenateSent to the Governor 5/29/2020SenateGovernor Approved 5/29/2020SenateEffective Date May 29, 2020 5/29/2020SenatePublic Act . . . . . . . . . 101-0630