Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

20 ILCS 3501/830-20

20 ILCS 3501/830-30

20 ILCS 3501/830-35

20 ILCS 3501/830-45

Synopsis As Introduced
Amends the Illinois Finance Authority Act. In Sections concerning State guarantees for loans to farmers, provides that the total amount of the guarantees shall not exceed $2,000,000 per farmer (instead of $500,000). Provides that guarantees may be made if the farmer's net worth does not exceed $2,000,000 (instead of $500,000). In a Section concerning guarantees for existing debt, provides that the Illinois Agricultural Loan Guarantee Fund shall guarantee receipt of payment of 90% (instead of 85%) of the principal and interest owed on the State Guarantee Loan by the farmer to the guarantee holder. Effective immediately.

Actions 

Date	Chamber	Action
1/26/2017	House	Filed with the Clerk by Rep. C.D. Davidsmeyer
1/27/2017	House	First Reading
1/27/2017	House	Referred to Rules Committee
2/8/2017	House	Assigned to Executive Committee
3/31/2017	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2019	House	Session Sine Die

Back To Top