Illinois · House Bill 3340 · 103rd General Assembly

MUNI CD-BORROWING FROM THE IFA

HB 3340 Sponsored by Kelly M. Burke Became law

  1. Introduced Feb 17, 2023
  2. In committee Feb 17, 2023
  3. Passed the House Mar 22, 2023
  4. Passed the Senate May 11, 2023
  5. To the governor Jun 9, 2023
  6. Became law Jun 30, 2023

What it does

The legislature's own summary of the bill, or its official long title.

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.

Every action

29 steps, oldest first, as the legislature records them.

Show the 21 earlier steps
  1. HouseFiled with the Clerk by Rep. Kelly M. Burke
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. CommitteeAssigned to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
  5. HouseAdded Chief Co-Sponsor Rep. Eva-Dina Delgado
  6. CommitteeDo Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000 · House Financial Institutions & Licensing
  7. HousePlaced on Calendar 2nd Reading - Short Debate
  8. HouseSecond Reading - Short Debate
  9. HousePlaced on Calendar Order of 3rd Reading - Short Debate
  10. HouseThird Reading - Short Debate - Passed 112-000-000
  11. HouseAdded Chief Co-Sponsor Rep. John Egofske
  12. HouseAdded Co-Sponsor Rep. Debbie Meyers-Martin
  13. SenateArrive in Senate
  14. SenatePlaced on Calendar Order of First Reading
  15. SenateChief Senate Sponsor Sen. Bill Cunningham
  16. SenateFirst Reading
  17. CommitteeReferred to Assignments · Senate Assignments
  18. CommitteeAssigned to Executive · Senate Executive
  19. CommitteeDo Pass Executive; 013-000-000 · Senate Executive
  20. SenatePlaced on Calendar Order of 2nd Reading April 25, 2023
  21. SenateSecond Reading
  1. SenatePlaced on Calendar Order of 3rd Reading April 27, 2023
  2. SenatePlaced on Calendar Order of 3rd Reading ** May 8, 2023
  3. SenateThird Reading - Passed; 055-001-000
  4. HousePassed Both Houses
  5. HouseSent to the Governor
  6. HouseGovernor Approved
  7. HouseEffective Date January 1, 2024
  8. HousePublic Act . . . . . . . . . 103-0187

Roll calls

4 recorded votes: 2 on the floor, 2 in committee. Each shows how every member voted.

Third Reading · Full House

Passed 112–0
Mar 22, 2023 · journal entry
Yes 112 No 0 Not voting 5
Democrats: 72 yes, 0 no Republicans: 40 yes, 0 no
How each member voted

Yes · 112

Not voting · 1

Absent · 2

Excused · 2

Third Reading · Full Senate

Passed 55–1
May 11, 2023 · journal entry
Yes 55 No 1 Not voting 3
Democrats: 37 yes, 0 no Republicans: 18 yes, 1 no
How each member voted

Yes · 55

No · 1

Not voting · 3

Committee and other votes

DateWhereQuestionResult
Mar 7, 2023 House Financial Institutions & Licensing Financial Institutions & Licensing - Do Pass
Members

Yes · 12

 Passed 12–0
Apr 19, 2023 Senate Executive Executive - Do Pass
Members

Yes · 13

 13–0

Sponsors

The member who introduced it, joined by 3 cosponsors: 2 Democrats, 1 Republican.

All 3 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.