SB3247Introduced in the Senate
FINANCE-IFA ETHICS
Introduced by Elgie Sims, District 17
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
May 22, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Filed with Secretary by Sen. Elgie R. Sims, Jr.
First Reading
Referred to Assignments
Assigned to Executive
To Ethics
Rule 2-10 Committee Deadline Established As March 27, 2026
Rule 2-10 Committee Deadline Established As April 24, 2026
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Elgie R. Sims, Jr.
Senate Committee Amendment No. 1 Referred to Assignments
Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
Senate Committee Amendment No. 1 Assignments Refers to Executive
Senate Committee Amendment No. 1 To Ethics
Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
Rule 3-9(a) / Re-referred to Assignments
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
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