Date	Chamber	Action
1/10/2023	House	Session Sine Die

Statutes Amended In Order of Appearance

15 ILCS 516/30-10

15 ILCS 516/30-15

15 ILCS 516/30-25

15 ILCS 516/30-30

Synopsis As Introduced
Amends the Community Development Loan Guarantee Act. Provides that the State Treasurer may establish the Loan Guarantee Program by establishing one or more Loan Guarantee Accounts at approved financial institutions (currently, one Account as a special account outside the State treasury with the State Treasurer as custodian). Provides that moneys in a Loan Guarantee Account may be paid to a participating financial institution to cover losses on guaranteed loans up to the full amount in the Account or the amount of loss, whichever is lesser. Provides that the State of Illinois and the State Treasurer shall not be responsible for any losses in excess of the full amount in the Loan Guarantee Account designated for a participating financial institution. Provides that the State Treasurer may withdraw funds from any Loan Guarantee Account for a financial institution's failure to comply with Program requirements. Makes conforming and other changes. Effective immediately.

Actions 

Date	Chamber	Action
1/26/2022	House	Filed with the Clerk by Rep. Sonya M. Harper
1/27/2022	House	First Reading
1/27/2022	House	Referred to Rules Committee
2/9/2022	House	Assigned to Financial Institutions Committee
2/15/2022	House	Do Pass / Short Debate Financial Institutions Committee; 007-003-000
2/16/2022	House	Placed on Calendar 2nd Reading - Short Debate
2/22/2022	House	Second Reading - Short Debate
2/22/2022	House	Placed on Calendar Order of 3rd Reading - Short Debate
2/23/2022	House	Added Co-Sponsor Rep. Justin Slaughter
2/23/2022	House	Added Co-Sponsor Rep. Lakesia Collins
2/23/2022	House	Added Co-Sponsor Rep. Cyril Nichols
3/1/2022	House	Third Reading - Short Debate - Passed 072-036-000
3/2/2022	House	Added Co-Sponsor Rep. Jehan Gordon-Booth
3/2/2022	Senate	Arrive in Senate
3/2/2022	Senate	Placed on Calendar Order of First Reading
3/2/2022	Senate	Chief Senate Sponsor Sen. Christopher Belt
3/2/2022	Senate	First Reading
3/2/2022	Senate	Referred to Assignments
4/7/2022	Senate	Approved for Consideration Assignments
4/7/2022	Senate	Placed on Calendar Order of 2nd Reading
4/7/2022	Senate	Rule 2-10 Third Reading Deadline Established As April 8, 2022
4/7/2022	Senate	Second Reading
4/7/2022	Senate	Placed on Calendar Order of 3rd Reading April 8, 2022
5/10/2022	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
11/16/2022	Senate	Approved for Consideration Assignments
11/16/2022	Senate	Placed on Calendar Order of 3rd Reading November 29, 2022
1/1/2023	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
1/3/2023	Senate	Approved for Consideration Assignments
1/3/2023	Senate	Placed on Calendar Order of 3rd Reading January 4, 2023
1/6/2023	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon
1/6/2023	Senate	Senate Floor Amendment No. 1 Referred to Assignments
1/6/2023	Senate	Alternate Chief Sponsor Changed to Sen. Don Harmon
1/10/2023	House	Session Sine Die

Back To Top