STAR BONDS FINANCING ACT Senate SponsorsSen. James F. Clayborne, Jr., David Luechtefeld and John J. Millner House Sponsors(Rep. Thomas Holbrook-Mike Bost-Bob Biggins-Ed Sullivan, Jr.-Daniel V. Beiser, Charles E. Jefferson, Michael K. Smith, Patrick J. Verschoore, Brandon W. Phelps, William Davis, William D. Burns, Al Riley, Constance A. Howard, Mary E. Flowers, Marlow H. Colvin, Kenneth Dunkin, Karen A. Yarbrough, Eddie Washington, Cynthia Soto and Esther Golar) 10/29/2009SenateBill Dead - Amendatory Veto New ActCreates the STAR Bonds Financing Act. Contains only a short title provision.Senate Floor Amendment No. 1 Adds reference to:65 ILCS 5/8-4-1from Ch. 24, par. 8-4-1Deletes everything after the enacting clause. Creates the STAR Bonds Financing Act. Authorizes certain municipalities and counties to issue sales tax and revenue (STAR) bonds for the financing of a STAR bond project. Defines "STAR bond project". Grants certain powers to municipalities and counties, including the power to exercise the use of eminent domain and the power to issue bonds. Specifies eligibility requirements for STAR bond projects. Makes other changes. Amends the Illinois Municipal Code. Provides that the corporate authorities of a municipality may authorize the issuance of STAR bonds without submitting the question of issuing the bonds to the electors of the municipality. Effective immediately.State Debt Impact Note (Government Forecasting & Accountability) SB 1909, as engrossed, would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness. Home Rule Note (Dept. of Commerce & Economic Opportunity) SB 1909 does not pre-empt home rule authority.State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity) SB 1909 does not create a State mandate.Housing Affordability Impact Note (Housing Development Authority) This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence. Fiscal Note (Dept. of Revenue) SB 1909, as engrossed, would have a negative impact on State government revenue from the Retailers' Occupation Tax, Use Tax, Service Occupation Tax, Electricity Excise Tax, Gas Revenue Tax, and Hotel Operators' Occupation Tax. The combined annual loss to these revenue sources could exceed $15 million annually per established district given the terms of the proposal and depending on the location of the district. Much of this loss will be due to the erosion of the State government tax base that existed before the STAR district was created.Balanced Budget Note (Office of Management and Budget) SB 1909, as engrossed, would cost the State $15,000,000 in lost sales tax revenue as estimated by the Department of Revenue. SB 1909, if enacted into law would add $15,000,000 in additional spending pressure to the General Revenue Fund and to the current Fiscal Year 2009 budget deficit.Judicial Note, House Floor Amendment No. 2 (Admin Office of the Illinois Courts) Based on a review of the bill, it has been determined that SB 1909 (H-AM 2) would neither increase nor decrease the number of judges needed in the State. Correctional Note, House Floor Amendment No. 2 (Dept of Corrections) This legislation has no population or fiscal impact on the Department of Corrections. Pension Note, House Floor Amendment No. 2 (Government Forecasting & Accountability) SB 1909 (H-AM 2) will not impact any public pension fund or retirement system in Illinois. State Debt Impact Note, House Floor Amendment No. 2 (Government Forecasting & Accountability) SB 1909 (H-AM 2) would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness. Land Conveyance Appraisal Note, House Floor Amendment No. 2 (Dept. of Transportation) No land conveyances are included in this bill, therefore, there are no appraisals to be filed. Housing Affordability Impact Note, House Floor Amendment No. 2 (Housing Development Authority) This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence. Fiscal Note, House Floor Amendment No. 2 (Dept. of Revenue) The changes made by SB 1909 (H-AM 2) do not change the original estimate of State government losses from the Retailers' Occupation Tax, Use Tax, Service Occupation Tax, and Service Use Tax. The changes do limit the upper bound State loss insofar as they exclude several taxes previously included in the increment. The changes also reduce the estimate of potential sales tax losses to local governments by excluding from the increment taxes imposed pursuant to the Local Mass Transit District Act, the Metro-East Park and Recreation District Act, and the Flood Prevention District Act. State Mandates Fiscal Note, House Floor Amendment No. 2 (Dept. of Commerce & Economic Opportunity) SB 1909 (H-AM 2) does not create a State mandate.Home Rule Note, House Floor Amendment No. 2 (Dept. of Commerce & Economic Opportunity) SB 1909 (H-AM 2) does not pre-empt home rule authority.Correctional Note, House Floor Amendment No. 3 (Dept of Corrections) This legislation has no population or fiscal impact on the Department of Corrections. Pension Note, House Floor Amendment No. 3 (Government Forecasting & Accountability) SB 1909 (H-AM 3) will not impact any public pension fund or retirement system in Illinois. Fiscal Note, House Floor Amendment No. 3 (Dept. of Revenue) The changes made by SB 1909 (H-AM 3) do not change the original estimate of State government losses from the Retailers' Occupation Tax, Use Tax, Service Occupation Tax, and Service Use Tax. The changes do limit the upper bound State loss insofar as they exclude several taxes previously included in the increment. The changes also reduce the estimate of potential sales tax losses to local governments by excluding from the increment taxes imposed pursuant to the Local Mass Transit District Act, the Metro-East Park and Recreation District Act, and the Flood Prevention District Act. Home Rule Note, House Floor Amendment No. 3 (Dept. of Commerce & Economic Opportunity) SB 1909 (H-AM 3) does not pre-empt home rule authority.State Mandates Fiscal Note, House Floor Amendment No. 3 (Dept. of Commerce & Economic Opportunity) SB 1909 (H-AM 3) does not create a State mandate.Land Conveyance Appraisal Note, House Floor Amendment No. 3 (Dept. of Transportation) No land conveyances are included in this bill, therefore, there are no appraisals to be filed. State Debt Impact Note, House Floor Amendment No. 3 (Government Forecasting & Accountability) SB 1909 (H-AM 3) would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness. Judicial Note, House Floor Amendment No. 3 (Admin Office of the Illinois Courts) Based on a review of the bill, it has been determined that SB 1909 (H-AM 3) would neither increase nor decrease the number of judges needed in the State.Housing Affordability Impact Note, House Floor Amendment No. 3 (Housing Development Authority) This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence. House Floor Amendment No. 5 Adds reference to:30 ILCS 105/5.719 new30 ILCS 105/6z-18from Ch. 127, par. 142z-1830 ILCS 105/6z-20from Ch. 127, par. 142z-2055 ILCS 5/5-1006from Ch. 34, par. 5-100655 ILCS 5/5-1006.555 ILCS 5/5-1006.755 ILCS 5/5-1007from Ch. 34, par. 5-100765 ILCS 5/8-11-1from Ch. 24, par. 8-11-165 ILCS 5/8-11-1.3from Ch. 24, par. 8-11-1.365 ILCS 5/8-11-1.4from Ch. 24, par. 8-11-1.465 ILCS 5/8-11-1.665 ILCS 5/8-11-1.765 ILCS 5/8-11-5from Ch. 24, par. 8-11-565 ILCS 5/11-74.3-670 ILCS 210/13from Ch. 85, par. 123370 ILCS 750/2570 ILCS 1605/3070 ILCS 3610/5.01from Ch. 111 2/3, par. 355.0170 ILCS 3615/4.03from Ch. 111 2/3, par. 704.0370 ILCS 3720/4from Ch. 111 2/3, par. 254Deletes everything after the enacting clause. Creates the STAR Bonds Financing Act. Authorizes municipalities and counties to issue sales tax and revenue (STAR) bonds for the financing of a STAR bond project. Grants certain powers to municipalities and counties, including the power to exercise the use of eminent domain and the power to issue bonds. Sets forth eligibility requirements for STAR bond projects. Provides that the Department of Revenue shall not collect or allocate any local sales tax increment or State sales tax increment until the political subdivision satisfies certain requirements. Sets forth the requirements. Specifies the procedure for the transfer of local sales tax increment into the STAR Bonds Revenue Fund. Makes conforming changes in the Counties Code, the Illinois Municipal Code, the Metropolitan Pier and Exposition Authority Act, the Regional Transportation Authority Act, the Metro-East Park and Recreation District Act, the Local Mass Transit District Act, the Flood Prevention District Act, and the Water Commission Act of 1985. Amends the State Finance Act to create the STAR Bonds Revenue Fund. Contains other provisions. Effective immediately.Balanced Budget Note, House Floor Amendment No. 2 (Office of Management and Budget) SB 1909 (H-AM 2) would add $15,000,000 per STAR Bond District created in additional spending pressure to the General Revenue Fund and to the current Fiscal Year 2009 budget deficit. Balanced Budget Note, House Floor Amendment No. 3 (Office of Management and Budget) SB 1909 (H-AM 3) would add $15,000,000 per STAR Bond District created in additional spending pressure to the General Revenue Fund and to the current Fiscal Year 2009 budget deficit. Governor Amendatory Veto Message Recommends, in provisions listing revenues from which STAR bonds may be made payable, making the bonds payable from up to 50% of the State sales tax increment, but not to exceed 50% of the total project costs (rather than from all of the State sales tax increment). 2/20/2009SenateFiled with Secretary by Sen. James F. Clayborne, Jr. 2/20/2009SenateFirst Reading 2/20/2009SenateReferred to Assignments 3/5/2009SenateAssigned to Executive 3/12/2009SenateDo Pass Executive; 012-000-000 3/12/2009SenatePlaced on Calendar Order of 2nd Reading March 17, 2009 3/24/2009SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr. 3/24/2009SenateSenate Floor Amendment No. 1 Referred to Assignments 3/30/2009SenateSenate Floor Amendment No. 1 Assignments Refers to Revenue 3/31/2009SenateSenate Floor Amendment No. 1 Recommend Do Adopt Revenue; 008-001-000 3/31/2009SenateSecond Reading 3/31/2009SenateSenate Floor Amendment No. 1 Adopted; Clayborne 3/31/2009SenatePlaced on Calendar Order of 3rd Reading April 1, 2009 4/1/2009SenateAdded as Co-Sponsor Sen. David Luechtefeld 4/1/2009SenateAdded as Co-Sponsor Sen. John J. Millner 4/1/2009SenateThird Reading - Passed; 051-004-001 4/2/2009HouseArrived in House 4/2/2009HousePlaced on Calendar Order of First Reading 4/2/2009HouseChief House Sponsor Rep. Thomas Holbrook 4/2/2009HouseFirst Reading 4/2/2009HouseReferred to Rules Committee 4/14/2009HouseAssigned to Revenue & Finance Committee 4/15/2009HouseAdded Alternate Chief Co-Sponsor Rep. Patrick J. Verschoore 4/22/2009HouseAdded Alternate Chief Co-Sponsor Rep. Mary E. Flowers 4/30/2009HouseDo Pass / Short Debate Revenue & Finance Committee; 010-002-000 4/30/2009HousePlaced on Calendar 2nd Reading - Short Debate 4/30/2009HouseFiscal Note Requested by Rep. Jay C. Hoffman 4/30/2009HouseState Mandates Fiscal Note Requested by Rep. Jay C. Hoffman 4/30/2009HouseBalanced Budget Note Requested by Rep. Jay C. Hoffman 4/30/2009HouseHome Rule Note Requested by Rep. Jay C. Hoffman 4/30/2009HouseHousing Affordability Impact Note Requested by Rep. Jay C. Hoffman 4/30/2009HouseState Debt Impact Note Requested by Rep. Jay C. Hoffman 4/30/2009HouseAdded Alternate Chief Co-Sponsor Rep. Bob Biggins 4/30/2009HouseAdded Alternate Chief Co-Sponsor Rep. Mike Bost 4/30/2009HouseAlternate Chief Co-Sponsor Removed Rep. Mary E. Flowers 4/30/2009HouseAdded Alternate Co-Sponsor Rep. Charles E. Jefferson 5/6/2009HouseState Debt Impact Note Filed 5/7/2009HouseHome Rule Note Filed 5/7/2009HouseState Mandates Fiscal Note Filed 5/7/2009HouseAdded Alternate Chief Co-Sponsor Rep. Brandon W. Phelps 5/7/2009HouseAdded Alternate Co-Sponsor Rep. Ed Sullivan, Jr. 5/7/2009HouseAdded Alternate Co-Sponsor Rep. Michael K. Smith 5/12/2009HouseHousing Affordability Impact Note Filed 5/13/2009HouseFiscal Note Filed 5/14/2009HouseBalanced Budget Note Filed 5/14/2009HouseAlternate Chief Co-Sponsor Removed Rep. Patrick J. Verschoore 5/14/2009HouseAlternate Chief Co-Sponsor Removed Rep. Brandon W. Phelps 5/14/2009HouseAdded Alternate Co-Sponsor Rep. Patrick J. Verschoore 5/14/2009HouseAdded Alternate Co-Sponsor Rep. Brandon W. Phelps 5/14/2009HouseAdded Alternate Chief Co-Sponsor Rep. Ed Sullivan, Jr. 5/14/2009HouseAlternate Co-Sponsor Removed Rep. Ed Sullivan, Jr. 5/14/2009HouseAdded Alternate Chief Co-Sponsor Rep. Daniel V. Beiser 5/14/2009HouseAdded Alternate Co-Sponsor Rep. William Davis 5/15/2009HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Jay C. Hoffman 5/15/2009HouseHouse Floor Amendment No. 1 Referred to Rules Committee 5/15/2009HouseAdded Alternate Co-Sponsor Rep. William D. Burns 5/19/2009HouseSecond Reading - Short Debate 5/19/2009HouseHeld on Calendar Order of Second Reading - Short Debate 5/22/2009HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Thomas Holbrook 5/22/2009HouseHouse Floor Amendment No. 2 Referred to Rules Committee 5/22/2009HouseHouse Floor Amendment No. 2 Fiscal Note Requested as Amended by Rep. Thomas Holbrook 5/22/2009HouseHouse Floor Amendment No. 2 State Mandates Fiscal Note Requested as Amended by Rep. Thomas Holbrook 5/22/2009HouseHouse Floor Amendment No. 2 Balanced Budget Note Requested as Amended by Rep. Thomas Holbrook 5/22/2009HouseHouse Floor Amendment No. 2 Correctional Note Requested as Amended by Rep. Thomas Holbrook 5/22/2009HouseHouse Floor Amendment No. 2 Home Rule Note Requested as Amended by Rep. Thomas Holbrook 5/22/2009HouseHouse Floor Amendment No. 2 Housing Affordability Impact Note Requested as Amended by Rep. Thomas Holbrook 5/22/2009HouseHouse Floor Amendment No. 2 Judicial Note Requested as Amended by Rep. Thomas Holbrook 5/22/2009HouseHouse Floor Amendment No. 2 Land Conveyance Appraisal Note Requested as Amended by Rep. Thomas Holbrook 5/22/2009HouseHouse Floor Amendment No. 2 Pension Note Requested as Amended by Rep. Thomas Holbrook 5/22/2009HouseHouse Floor Amendment No. 2 State Debt Impact Note Requested as Amended by Rep. Thomas Holbrook 5/22/2009HouseFinal Action Deadline Extended-9(b) May 29, 2009 5/26/2009HouseHouse Floor Amendment No. 2 Judicial Note Filed as Amended 5/26/2009HouseHouse Floor Amendment No. 2 Correctional Note Filed as Amended 5/26/2009HouseHouse Floor Amendment No. 2 Pension Note Filed as Amended 5/26/2009HouseHouse Floor Amendment No. 2 State Debt Impact Note Filed as Amended 5/26/2009HouseHouse Floor Amendment No. 2 Land Conveyance Appraisal Note Filed as Amended 5/27/2009HouseHouse Floor Amendment No. 2 Housing Affordability Impact Note Filed as Amended 5/27/2009HouseHouse Floor Amendment No. 2 Fiscal Note Filed as Amended 5/27/2009HouseHouse Floor Amendment No. 2 State Mandates Fiscal Note Filed as Amended 5/27/2009HouseHouse Floor Amendment No. 2 Home Rule Note Filed as Amended 5/27/2009HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. Thomas Holbrook 5/27/2009HouseHouse Floor Amendment No. 3 Referred to Rules Committee 5/28/2009HouseHouse Floor Amendment No. 3 Fiscal Note Requested as Amended by Rep. Thomas Holbrook 5/28/2009HouseHouse Floor Amendment No. 3 State Mandates Fiscal Note Requested as Amended by Rep. Thomas Holbrook 5/28/2009HouseHouse Floor Amendment No. 3 Balanced Budget Note Requested as Amended by Rep. Thomas Holbrook 5/28/2009HouseHouse Floor Amendment No. 3 Correctional Note Requested as Amended by Rep. Thomas Holbrook 5/28/2009HouseHouse Floor Amendment No. 3 Home Rule Note Requested as Amended by Rep. Thomas Holbrook 5/28/2009HouseHouse Floor Amendment No. 3 Housing Affordability Impact Note Requested as Amended by Rep. Thomas Holbrook 5/28/2009HouseHouse Floor Amendment No. 3 Judicial Note Requested as Amended by Rep. Thomas Holbrook 5/28/2009HouseHouse Floor Amendment No. 3 Land Conveyance Appraisal Note Requested as Amended by Rep. Thomas Holbrook 5/28/2009HouseHouse Floor Amendment No. 3 Pension Note Requested as Amended by Rep. Thomas Holbrook 5/28/2009HouseHouse Floor Amendment No. 3 State Debt Impact Note Requested as Amended by Rep. Thomas Holbrook 5/28/2009HouseHouse Floor Amendment No. 3 Correctional Note Filed as Amended 5/28/2009HouseHouse Floor Amendment No. 3 Rules Refers to Revenue & Finance Committee 5/28/2009HouseHouse Floor Amendment No. 3 Pension Note Filed as Amended 5/28/2009HouseHouse Floor Amendment No. 3 Fiscal Note Filed as Amended 5/28/2009HouseHouse Floor Amendment No. 3 Home Rule Note Filed as Amended 5/28/2009HouseHouse Floor Amendment No. 3 State Mandates Fiscal Note Filed as Amended 5/28/2009HouseHouse Floor Amendment No. 3 Land Conveyance Appraisal Note Filed as Amended 5/28/2009HouseHouse Floor Amendment No. 3 State Debt Impact Note Filed as Amended 5/28/2009HouseAdded Alternate Co-Sponsor Rep. Al Riley 5/28/2009HouseAdded Alternate Co-Sponsor Rep. Constance A. Howard 5/28/2009HouseAdded Alternate Co-Sponsor Rep. Mary E. Flowers 5/28/2009HouseAdded Alternate Co-Sponsor Rep. Marlow H. Colvin 5/28/2009HouseAdded Alternate Co-Sponsor Rep. Kenneth Dunkin 5/28/2009HouseAdded Alternate Co-Sponsor Rep. Karen A. Yarbrough 5/28/2009HouseHouse Floor Amendment No. 3 Recommends Be Adopted Revenue & Finance Committee; 008-003-002 5/29/2009HouseHouse Floor Amendment No. 3 Judicial Note Filed as Amended 5/29/2009HouseHouse Floor Amendment No. 4 Filed with Clerk by Rep. Thomas Holbrook 5/29/2009HouseHouse Floor Amendment No. 4 Referred to Rules Committee 5/29/2009HouseHouse Floor Amendment No. 3 Housing Affordability Impact Note Filed as Amended 5/29/2009HouseHouse Floor Amendment No. 4 Recommends Be Adopted Rules Committee; 005-000-000 5/29/2009HouseFinal Action Deadline Extended-9(b) May 31, 2009 5/30/2009HouseHouse Floor Amendment No. 5 Filed with Clerk by Rep. Thomas Holbrook 5/30/2009HouseHouse Floor Amendment No. 5 Referred to Rules Committee 5/30/2009HouseHouse Floor Amendment No. 2 Balanced Budget Note Filed as Amended 5/30/2009HouseHouse Floor Amendment No. 3 Balanced Budget Note Filed as Amended 5/30/2009HouseHouse Floor Amendment No. 5 Recommends Be Adopted Rules Committee; 004-000-000 5/30/2009HouseHouse Floor Amendment No. 3 Withdrawn by Rep. Thomas Holbrook 5/30/2009HouseHouse Floor Amendment No. 4 Withdrawn by Rep. Thomas Holbrook 5/30/2009HouseHouse Floor Amendment No. 5 Adopted by Voice Vote 5/30/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/30/2009HouseAdded Alternate Co-Sponsor Rep. Eddie Washington 5/30/2009HouseAdded Alternate Co-Sponsor Rep. Cynthia Soto 5/30/2009HouseThird Reading - Short Debate - Passed 078-039-000 5/30/2009HouseMotion Filed to Reconsider Vote Rep. William B. Black 5/30/2009HouseHouse Floor Amendment No. 1 Tabled Pursuant to Rule 40(a) 5/30/2009HouseHouse Floor Amendment No. 2 Tabled Pursuant to Rule 40(a) 5/30/2009HouseMotion to Reconsider Vote - Withdrawn Rep. William B. Black 5/30/2009SenateSecretary's Desk - Concurrence House Amendment(s) 5 5/30/2009SenatePlaced on Calendar Order of Concurrence House Amendment(s) 5 - May 31, 2009 5/30/2009SenateHouse Floor Amendment No. 5 Motion to Concur Filed with Secretary Sen. James F. Clayborne, Jr. 5/30/2009SenateHouse Floor Amendment No. 5 Motion to Concur Referred to Assignments 5/30/2009HouseAdded Alternate Co-Sponsor Rep. Esther Golar 6/1/2009SenateHouse Floor Amendment No. 5 Motion to Concur Assignments Referred to Executive 6/1/2009SenateHouse Floor Amendment No. 5 Motion To Concur Recommended Do Adopt Executive; 011-002-000 6/1/2009SenateHouse Floor Amendment No. 5 Senate Concurs 044-011-000 6/1/2009SenatePassed Both Houses 6/30/2009SenateSent to the Governor 8/28/2009SenateGovernor Amendatory Veto 10/14/2009SenatePlaced on Calendar Amendatory Veto October 15, 2009 10/29/2009SenateBill Dead - Amendatory Veto