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<xml>
<title>Illinois General Assembly - Bill Status for SB 3028         </title>
<shortdesc>TREASURER-INFRASTRUCTURE DEV</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Steve Stadelman, Napoleon Harris, III-Iris Y. Martinez-Linda Holmes and David Koehler-Kimberly A. Lightford</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Michael Halpin)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>30 ILCS 105/5.930 new</reference><aliasreference></aliasreference><SynopsisText>Creates the Infrastructure Development Act. Provides that the State Treasurer shall segregate a portion of the Treasurer's State investment portfolio in the Infrastructure Development Account, an account that shall be maintained separately and apart from other moneys invested by the State Treasurer. Allows the State Treasurer to make investments concerning the Infrastructure Development Account. Provides for Infrastructure Development Account-Recipient Funds created by Illinois infrastructure development firms in which the State Treasurer places money. Provides further requirements concerning Infrastructure Development Account-Recipient Funds. Provides for the adoption rules. Provides that the Infrastructure Development Fund is created as a special fund in the State treasury, which may receive a portion of earnings from the Infrastructure Development Account and may be used by the State Treasurer to pay expenses related to the Act. Defines terms. Amends the State Finance Act to provide for the Infrastructure Development Fund. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/5/2020</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Steve Stadelman</action>
<statusdate>2/5/2020</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/5/2020</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/11/2020</statusdate><chamber>Senate</chamber><action>Assigned to Commerce and Economic Development</action>
<statusdate>2/19/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Napoleon Harris, III</action>
<statusdate>2/20/2020</statusdate><chamber>Senate</chamber><action>Do Pass Commerce and Economic Development;  010-000-000</action>
<statusdate>2/20/2020</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading February 25, 2020</action>
<statusdate>2/20/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Iris Y. Martinez</action>
<statusdate>2/20/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Linda Holmes</action>
<statusdate>2/27/2020</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>2/27/2020</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 3, 2020</action>
<statusdate>3/4/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. David Koehler</action>
<statusdate>3/4/2020</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 055-000-000</action>
<statusdate>3/4/2020</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>3/4/2020</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Maurice A. West, II</action>
<statusdate>3/4/2020</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>3/4/2020</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/4/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Kimberly A. Lightford</action>
<statusdate>3/5/2020</statusdate><chamber>House</chamber><action>Alternate Chief Sponsor Changed to Rep. Michael Halpin</action>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

