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<xml>
<title>Illinois General Assembly - Bill Status for HB 3340         </title>
<shortdesc>MUNI CD-BORROWING FROM THE IFA</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Kelly M. Burke-Eva-Dina Delgado-John Egofske and Debbie Meyers-Martin</sponsors>
<sponsorhead2>Senate Sponsors</sponsorhead2><altsponsors>(Sen. Bill Cunningham)</altsponsors>
</sponsor>
<lastaction>
<statusdate>6/30/2023</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 103-0187</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>65 ILCS 5/8-1-3.1</reference><aliasreference>from Ch. 24, par. 8-1-3.1</aliasreference><SynopsisText>     Amends the Illinois Municipal Code. In provisions relating to a municipality borrowing money from a bank or other financial institution, modifies the definition of "financial institution" to include the Illinois Finance Authority.</SynopsisText></synopsis>
<actions>
<statusdate>2/17/2023</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Kelly M. Burke</action>
<statusdate>2/17/2023</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/17/2023</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/28/2023</statusdate><chamber>House</chamber><action>Assigned to Financial Institutions and Licensing Committee</action>
<statusdate>3/7/2023</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Eva-Dina Delgado</action>
<statusdate>3/7/2023</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Financial Institutions and Licensing Committee;  012-000-000</action>
<statusdate>3/8/2023</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>3/15/2023</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>3/15/2023</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>3/22/2023</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 112-000-000</action>
<statusdate>3/22/2023</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. John Egofske</action>
<statusdate>3/22/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Debbie Meyers-Martin</action>
<statusdate>3/23/2023</statusdate><chamber>Senate</chamber><action>Arrive in Senate</action>
<statusdate>3/23/2023</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of First Reading</action>
<statusdate>3/23/2023</statusdate><chamber>Senate</chamber><action>Chief Senate Sponsor Sen. Bill Cunningham</action>
<statusdate>3/23/2023</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>3/23/2023</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>4/12/2023</statusdate><chamber>Senate</chamber><action>Assigned to Executive</action>
<statusdate>4/20/2023</statusdate><chamber>Senate</chamber><action>Do Pass Executive;  013-000-000</action>
<statusdate>4/20/2023</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading April 25, 2023</action>
<statusdate>4/26/2023</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>4/26/2023</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading April 27, 2023</action>
<statusdate>5/5/2023</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading ** May 8, 2023</action>
<statusdate>5/11/2023</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 055-001-000</action>
<statusdate>5/11/2023</statusdate><chamber>House</chamber><action>Passed Both Houses</action>
<statusdate>6/9/2023</statusdate><chamber>House</chamber><action>Sent to the Governor</action>
<statusdate>6/30/2023</statusdate><chamber>House</chamber><action>Governor Approved</action>
<statusdate>6/30/2023</statusdate><chamber>House</chamber><action>Effective Date January 1, 2024</action>
<statusdate>6/30/2023</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 103-0187</action>
</actions>
</xml>

