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Sen. William R. Haine
Filed: 4/11/2005
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09400SB0840sam001 |
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LRB094 04468 AJO 44306 a |
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| AMENDMENT TO SENATE BILL 840
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| AMENDMENT NO. ______. Amend Senate Bill 840 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Kaskaskia Regional Port District Act is |
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| amended by changing Section 20.2 as follows:
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| (70 ILCS 1830/20.2)
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| Sec. 20.2. Authorization to borrow moneys. The District's |
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| Board may borrow
money from any bank or other financial |
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| institution, and may provide appropriate
security for that |
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| borrowing, if the money is repaid within one year after the
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| money is borrowed. "Financial institution" means any bank |
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| subject to the
Illinois Banking Act, any savings and loan |
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| association subject to the Illinois
Savings and Loan Act of |
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| 1985, any savings bank subject to the Savings Bank Act,
and any |
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| federally chartered commercial bank or savings and loan |
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| association
organized and operated in this State pursuant to |
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| the laws of the United States.
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| (Source: P.A. 92-389, eff. 1-1-02.)
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| Section 10. The Tri-City Regional Port District Act is |
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| amended by adding Section 7.5 as follows:
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| (70 ILCS 1860/7.5 new) |
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| Sec. 7.5. Authorization to borrow moneys. The District's |