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SB3247Introduced in the Senate

FINANCE-IFA ETHICS

IntroducedSenate Assignments

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

  1. Filed with Secretary by Sen. Elgie R. Sims, Jr.

  2. First Reading

  3. Referred to Assignments

  4. Assigned to Executive

  5. To Ethics

  6. Rule 2-10 Committee Deadline Established As March 27, 2026

  7. Rule 2-10 Committee Deadline Established As April 24, 2026

  8. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Elgie R. Sims, Jr.

  9. Senate Committee Amendment No. 1 Referred to Assignments

  10. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

  11. Senate Committee Amendment No. 1 Assignments Refers to Executive

  12. Senate Committee Amendment No. 1 To Ethics

  13. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

  14. Rule 3-9(a) / Re-referred to Assignments

  15. Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

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