Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

20 ILCS 3501/820-65 new

30 ILCS 105/5.891 new

Synopsis As Introduced
Amends the Illinois Finance Authority Act. Provides that the Illinois Finance Authority may administer a local infrastructure revolving loan program. Provides that the program shall, in instances where sufficient loan funds exist to permit applications to be accepted, provide zero-interest and low-interest loans to units of local government to be used for specified infrastructure projects. Creates the Local Infrastructure Revolving Loan Fund, and provides for the use of the Fund. Provides for a continuing appropriation of moneys from the Fund to the Authority for payment to units of local government for specified purposes. Provides for the maximum amount of the loan to be given and repayment of the loan. Authorizes the Authority to adopt rules to administer the program. Amends the State Finance Act to provide for the Local Infrastructure Revolving Loan Fund.

Actions 

Date	Chamber	Action
1/24/2019	House	Filed with the Clerk by Rep. Michael T. Marron
1/28/2019	House	First Reading
1/28/2019	House	Referred to Rules Committee
2/5/2019	House	Assigned to Revenue & Finance Committee
2/14/2019	House	To Sales, Amusement & Other Taxes Subcommittee
3/25/2019	House	Added Chief Co-Sponsor Rep. Darren Bailey
3/26/2019	House	Added Co-Sponsor Rep. Andrew S. Chesney
3/29/2019	House	Rule 19(a) / Re-referred to Rules Committee
1/13/2021	House	Session Sine Die

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