WeVote
Log In

Bill

Bill

SB 2306

A BILL for an Act to create and enact a new section to chapter 50-11.1 of the North Dakota Century Code, relating to the establishment of a child care workforce recruitment and retention program.

69th Legislative Assembly (2025-26) Introduced by Ryan Braunberger and 4 co-sponsors

Expands the Illinois Finance Authority's powers to finance clean energy, water, and climate-resilience projects using diverse funds, public/private partnerships, and new bonds.

Second reading, failed to pass, yeas 11 nays 36
0
WeVote Research Nonpartisan
Bill Summary · SB 2306

Bill summary — SB 2306 (104th General Assembly)

Note up front: the available bill materials contain multiple inconsistencies. The bill metadata lists the title as “Sexual activity between certain individuals incarcerated in correctional facilities; clarify.” but the legislative text and amendment replace the bill with changes to the Illinois Finance Authority Act and the Climate Bank Loan Financing Act (clean energy / climate resilience financing). The status listed at top (“Died In Committee”) also conflicts with the legislative actions log, which shows later committee and floor action and a stated effective date. This summary focuses on the substantive text in the bill document (finance / climate provisions). Readers should treat procedural metadata as uncertain.

Purpose / intent

SB 2306 (as revised by Senate Amendment 001) expands and clarifies the Illinois Finance Authority’s (IFA) clean-energy and climate-related financing authorities and amends the State’s Climate Bank statute to add and define “climate resilience projects.” The intent is to broaden the Authority’s ability to support clean energy, clean/drinking water, wastewater, and climate resilience projects through additional funding sources, financing tools, and project eligibility.

Key provisions and changes

  • Amendments to the Illinois Finance Authority Act (20 ILCS 3501):
    • Revise several definitions in Article 801 (project, industrial project, health facility, etc.) (20 ILCS 3501/801-10).
    • In Article 850 (clean energy powers), explicitly authorize the IFA, in its role as the State Climate Bank, to:
    • Use various funding sources to support clean energy, clean water/drinking water, wastewater treatment, and climate resilience projects. Authorized sources include:
      • Funds repurposed from existing programs (subject to General Assembly approval for any transfers).
      • Federal or other external funds usable for these purposes.
      • Charitable gifts, grants, contributions, and endowment funds from private donors or foundations.
      • Earnings and interest from IFA financing activities.
    • Administer programs and appropriations targeted at eligible and environmental-justice communities to promote clean energy, clean water, and wastewater investments.
    • Enter joint ventures, invest in, and participate with public/private partners; enter contracts with private sources to raise capital.
    • Finance working capital, refinance private indebtedness, and otherwise assist persons or entities in connection with eligible projects.
    • Charge fees to cover reasonable costs and disclose financing terms publicly while protecting confidential commercial/financial information.
  • Amendments to the Climate Bank Loan Financing Act (30 ILCS 445):
    • Define “Climate resilience project” as a project that reduces hazards/risks from future disasters or climate-related conditions. Explicit examples include projects ensuring access to clean/drinking water, supporting wastewater treatment or resiliency of essential infrastructure, and other projects reducing disaster or climate impacts.
    • Add climate resilience projects to the scope of “clean energy infrastructure projects” and to the IFA’s authority to issue bonds and other financing in support of clean energy/clean water/climate resilience work.

Who is affected

  • Illinois Finance Authority (IFA): expands authorities, funding options, and programmatic responsibilities.
  • Local governments, public utilities, colleges/universities, health facilities, private developers, and other entities seeking financing for clean energy, water infrastructure, wastewater, or resilience projects.
  • Communities designated as “eligible” or “environmental justice” communities may be prioritized for certain programs and appropriations.
  • State budget and existing program administrators — transfers of funds from existing programs require General Assembly approval.

Procedural / timeline aspects

  • The statutory sections amended include 20 ILCS 3501/801-10 and 850-10 and 30 ILCS 445/5, 10, and 35.
  • The bill text as provided contains language indicating immediate effectiveness for some provisions; however, the legislative actions log contains conflicting entries (including an effective date of 9/1/2025 and a record of being signed). The file also lists a status of “Died In Committee.” Users should verify current status with the General Assembly’s bill tracking site for authoritative procedural outcome and effective date.

Potential impacts

  • Broadening eligible project types and permissible funding sources could accelerate investment in clean energy and water infrastructure and climate resilience projects across Illinois.
  • Allowing repurposing of funds (subject to legislative approval) and use of charitable/federal funds increases flexibility but raises oversight and appropriation considerations.
  • Expanded authority to refinance private indebtedness and enter joint ventures could encourage public–private partnerships; safeguards about conflicts of interest and public disclosure are partially addressed in the draft (public availability of financing terms, confidentiality exemptions).

If you want, I can:
- Produce a one-page fact sheet emphasizing budget and programmatic implications for municipalities and utilities; or
- Check current official status and effective date on the Illinois General Assembly website and update this summary.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.