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SB 2481

Residential subdivisions; authorize property owners to establish and/or amend covenants, conditions and restrictions.

2025 Regular Session Introduced by Tyler McCaughn

Preserves the Capital Development Board Revolving Fund by removing repeal of its creation and use rules, keeping funding sources, allowed uses, and restrictions in place.

Died In Committee
#judiciary #divisiona
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Bill Summary · SB 2481

SB 2481 — Summary (Introduced version)

Note up front: the bill text supplied concerns amendments to the State Finance Act related to the Capital Development Board Revolving Fund (30 ILCS 105/5.857 and 30 ILCS 105/6z-100). This does not match the bill title you provided about residential subdivisions; the analysis below follows the actual text in the bill packet.

Main purpose / intent

SB 2481 would remove the statutory provisions that schedule the repeal (on July 1, 2025) of two sections of the State Finance Act that establish and govern the Capital Development Board (CDB) Revolving Fund. In short, the bill aims to preserve (make permanent) the CDB Revolving Fund and the statutory rules for its use rather than allowing those sections to lapse.

Key provisions and changes

  • Amends 30 ILCS 105/5.857 and 30 ILCS 105/6z-100 (sections currently scheduled for statutory repeal on July 1, 2025).
  • Eliminates the language that repeals:
    • Section 5.857 (the statutory creation/description of the Capital Development Board Revolving Fund).
    • Section 6z-100 (the rules for payments into and permitted uses of the Fund).
  • Leaves intact the existing substantive descriptions of the Fund:
    • Sources: monies received by the Capital Development Board for publications, copies, contract administration fees, charges, and reimbursements.
    • Uses: as appropriated, the Fund may be used for CDB expenditures such as personal services, retirement, social security, contractual services, equipment, electronic data processing, and telecommunications.
    • Restrictions: unexpended monies may not be transferred or reallocated by the Comptroller or Treasurer to other funds (per current statutory language).
  • Effective date clause: the act takes effect upon becoming law.

Who or what is affected

  • Capital Development Board (primary): retains an ongoing statutory special fund to receive and spend specified fees and reimbursements.
  • State Comptroller and State Treasurer: maintain existing prohibitions/restrictions on transferring those Fund monies.
  • Potentially related entities: any agency that relies on services or reimbursements tied to CDB contract administration (and any referenced oversight or ethics bodies if existing language allocates limited use to them).
  • State budget/fiscal management: preserves an existing special fund mechanism rather than reverting revenues to the General Fund or requiring reclassification.

Procedural status and timeline

  • Introduced by Sen. Christopher Belt; filed Feb 7, 2025 (first reading).
  • Committee assignments and actions listed in the bill packet (Assigned to State Government, referred to Local Government, Judiciary Division A appears in the record).
  • The header information you provided lists status as “Died In Committee.” The legislative actions included in the packet show multiple committee referrals and readings (February through April 2025) that appear inconsistent with a “died” disposition. If SB 2481 ultimately “died in committee,” it was not enacted; if enacted, it would take effect upon becoming law.

Notes and issues

  • The bill packet contains fragmented and somewhat garbled text around references to other agencies/uses (e.g., partial references to the Executive Ethics Commission and procurement language). The core, clear effect is removal of the scheduled repeal so the Fund provisions remain permanent unless changed by future statute.
  • Because the measure preserves an existing fee-based special fund rather than authorizing new spending, its immediate fiscal impact is primarily to continue the current funding/receipts structure for the CDB rather than to create new expenditures.

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

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