summary
Introduced
02/17/2023
02/17/2023
In Committee
04/28/2023
04/28/2023
Crossed Over
03/24/2023
03/24/2023
Passed
Dead
01/08/2025
01/08/2025
Introduced Session
103rd General Assembly
Bill Summary
Amends the Financially Distressed City Law of the Illinois Municipal Code. Provides that, if a financially distressed city or the city's Financial Advisory Authority is awarded a State grant, any moneys the financially distressed city or Authority would be required to match under the grant are waived unless the moneys under the grant come from federal moneys that require the match. Provides that a municipality's status as a financially distressed city may not negatively impact a decision of whether or not to award a State grant to the municipality or negatively impact the amount of moneys received by the municipality from a State grant. Provides that, in addition to a request by the corporate authorities of a municipality to be certified and designated as a financially distressed city, the State Treasurer may conduct a preliminary review of the municipality's finances and establish a review team to make recommendations to the Governor for a municipality to be certified and designated as a financially distressed city. Provides an additional method for a municipality to qualify as a financially distressed city. Includes provisions allowing the municipality's Financial Advisory Authority to commence an action in circuit court to enforce the Law if the corporate authorities or employees of the municipality materially violate the provisions of the Law. Makes conforming and other changes.
AI Summary
This bill concerns the certification and designation of a home rule municipality as a financially distressed city in Illinois. It outlines the process for the State Comptroller to conduct a preliminary review to determine if a municipality is experiencing probable financial stress and establish a review team to further examine the municipality's financial situation. If the review team concludes that a financial emergency exists, the Governor can then certify and designate the municipality as a financially distressed city, which allows for the appointment of a financial advisory authority to assist the city in addressing its fiscal challenges. The bill also provides that a financially distressed city or its authority will not be required to match state grant funds, and sets forth a process for the authority to take legal action if the city materially violates the requirements of the legislation.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (3)
Last Action
Session Sine Die (on 01/07/2025)
Bill Topics
Government Operations
- ‐ Intergovernmental Relations
Local Government
- ‐ General Local Government
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3708&GAID=17&DocTypeID=HB&SessionID=112&GA=103 | 02/17/2023 |
| BillText | https://www.ilga.gov/legislation/103/HB/10300HB3708eng.htm | 03/27/2023 |
| House Amendment 001 | https://www.ilga.gov/legislation/103/HB/10300HB3708ham001.htm | 03/20/2023 |
| BillText | https://www.ilga.gov/legislation/103/HB/10300HB3708.htm | 02/17/2023 |
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