94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB3179


 
Introduced 3/24/2006, by Sen. Steven J. Rauschenberger - Christine Radogno
 
SYNOPSIS AS INTRODUCED:
 		













20 ILCS 3501/801-50 new










    Amends the Illinois Finance Authority Act. Prohibits the Illinois Finance Authority from selling bonds or otherwise financing any project for a State agency. Effective immediately.
















LRB094 19986 BDD 57418 b

















FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB3179

LRB094 19986 BDD 57418 b






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    AN ACT concerning State government.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Illinois Finance Authority Act is amended  by 
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adding Section 801-50 as follows:
 
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    (20 ILCS 3501/801-50  new)
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    Sec. 801-50. Limitation on the financing of State agency 
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projects. Notwithstanding any other provision of this Act, the 
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Authority may not sell bonds or otherwise finance any project 
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for a State agency, as defined under Section 1-5 of the State 
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Officials and Employees Ethics Act.
 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.