Bill Status of SB 324   99th General Assembly

Short Description:  FINANCE AUTHORITY-GUARANTEES

Senate Sponsors
Sen. Jennifer Bertino-Tarrant-William R. Haine, Pat McGuire, Michael E. Hastings and Dan McConchie

House Sponsors
(Rep. Natalie A. Manley-Frances Ann Hurley-Litesa E. Wallace-Sonya M. Harper-Deb Conroy, Mike Smiddy, Lawrence Walsh, Jr., Thaddeus Jones, Kelly M. Burke, Stephanie A. Kifowit and Katherine Cloonen)


Last Action  View All Actions

DateChamber Action
  6/24/2016SenatePublic Act . . . . . . . . . 99-0509

Statutes Amended In Order of Appearance
5 ILCS 325/1from Ch. 129, par. 501

Synopsis As Introduced
Amends the Military Leave of Absence Act. Makes a technical change in a Section concerning a State employee's leave of absence for active military service.

Senate Floor Amendment No. 1
Deletes reference to:
5 ILCS 325/1from Ch. 129, par. 501
Adds reference to:
20 ILCS 3501/805-20
20 ILCS 3501/830-30
20 ILCS 3501/830-35
20 ILCS 3501/830-45
20 ILCS 3501/830-55
20 ILCS 3501/Art. 835 heading new
20 ILCS 3501/835-5 new
20 ILCS 3501/835-10 new
20 ILCS 3501/835-15 new
20 ILCS 3501/835-20 new
20 ILCS 3501/835-25 new

Replaces everything after the enacting clause. Amends the Illinois Finance Authority Act. Provides that the Illinois Finance Authority may enter into State Guarantees with a lender who makes a loan or loans to a qualified veteran-owned small business. Provides that payments on State Guarantees under the Agricultural Loan Program, the Young Farmer Loan Guarantee Program, the Working Capital Loan Guarantee Program, and the Qualified Veteran-owned Small Business Program may be made from any of the following funds: (1) the Industrial Project Insurance Fund created under Article 805 of this Act; (2) the Illinois Farmer and Agribusiness Loan Guarantee Fund; or (3) the Illinois Agricultural Loan Guarantee Fund. Makes other changes. Effective immediately.

House Floor Amendment No. 1
Provides that the Illinois Finance Authority authorization for reimbursement of administrative expenses for the State Guarantee programs is limited (i) to fiscal years 2017 through 2019, (ii) to moneys available in the Industrial Project Insurance Fund, (iii) to specified amounts, and (iv) for a specified program.

Actions 
DateChamber Action
  1/28/2015SenateFiled with Secretary by Sen. John J. Cullerton
  1/28/2015SenateFirst Reading
  1/28/2015SenateReferred to Assignments
  3/18/2015SenateAssigned to Executive
  3/26/2015SenateDo Pass Executive; 016-000-000
  3/26/2015SenatePlaced on Calendar Order of 2nd Reading April 14, 2015
  4/15/2015SenateSecond Reading
  4/15/2015SenatePlaced on Calendar Order of 3rd Reading April 16, 2015
  4/24/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015
  5/15/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015
  10/8/2015SenateRule 2-10 Third Reading Deadline Established As October 20, 2015
  10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  4/14/2016SenateApproved for Consideration Assignments
  4/14/2016SenatePlaced on Calendar Order of 3rd Reading April 18, 2016
  4/22/2016SenateRule 2-10 Committee/3rd Reading Deadline Established As May 13, 2016
  5/13/2016SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Jennifer Bertino-Tarrant
  5/13/2016SenateSenate Floor Amendment No. 1 Referred to Assignments
  5/13/2016SenateRule 2-10 Committee/3rd Reading Deadline Established As May 27, 2016
  5/17/2016SenateChief Sponsor Changed to Sen. Jennifer Bertino-Tarrant
  5/17/2016SenateSenate Floor Amendment No. 1 Assignments Refers to State Government and Veterans Affairs
  5/17/2016SenateAdded as Chief Co-Sponsor Sen. William R. Haine
  5/19/2016SenateSenate Floor Amendment No. 1 Recommend Do Adopt State Government and Veterans Affairs; 008-000-000
  5/19/2016SenateAdded as Co-Sponsor Sen. Pat McGuire
  5/19/2016SenateRecalled to Second Reading
  5/19/2016SenateSenate Floor Amendment No. 1 Adopted; Bertino-Tarrant
  5/19/2016SenatePlaced on Calendar Order of 3rd Reading
  5/19/2016SenateAdded as Co-Sponsor Sen. Michael E. Hastings
  5/19/2016SenateAdded as Co-Sponsor Sen. Dan McConchie
  5/19/2016SenateThird Reading - Passed; 056-000-000
  5/20/2016HouseArrived in House
  5/20/2016HouseChief House Sponsor Rep. Natalie A. Manley
  5/23/2016HouseAdded Alternate Co-Sponsor Rep. Mike Smiddy
  5/23/2016HouseFirst Reading
  5/23/2016HouseReferred to Rules Committee
  5/23/2016HouseAssigned to Revenue & Finance Committee
  5/23/2016HouseFinal Action Deadline Extended-9(b) May 31, 2016
  5/23/2016HouseAdded Alternate Co-Sponsor Rep. Lawrence Walsh, Jr.
  5/23/2016HouseAdded Alternate Co-Sponsor Rep. Thaddeus Jones
  5/23/2016HouseAdded Alternate Co-Sponsor Rep. Kelly M. Burke
  5/23/2016HouseAdded Alternate Co-Sponsor Rep. Stephanie A. Kifowit
  5/30/2016HouseDo Pass / Short Debate Revenue & Finance Committee; 011-000-000
  5/30/2016HousePlaced on Calendar 2nd Reading - Short Debate
  5/30/2016HouseSecond Reading - Short Debate
  5/30/2016HouseHeld on Calendar Order of Second Reading - Short Debate
  5/31/2016HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Natalie A. Manley
  5/31/2016HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  5/31/2016HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000
  5/31/2016HouseHouse Floor Amendment No. 1 Adopted
  5/31/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/31/2016HouseAdded Alternate Chief Co-Sponsor Rep. Frances Ann Hurley
  5/31/2016HouseThird Reading - Short Debate - Passed 112-003-000
  5/31/2016HouseAdded Alternate Co-Sponsor Rep. Katherine Cloonen
  5/31/2016HouseAdded Alternate Chief Co-Sponsor Rep. Litesa E. Wallace
  5/31/2016HouseAdded Alternate Chief Co-Sponsor Rep. Sonya M. Harper
  5/31/2016HouseAdded Alternate Chief Co-Sponsor Rep. Deb Conroy
  5/31/2016SenateSecretary's Desk - Concurrence House Amendment(s) 1
  5/31/2016SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 31, 2016
  5/31/2016SenateHouse Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Jennifer Bertino-Tarrant
  5/31/2016SenateHouse Floor Amendment No. 1 Motion to Concur Referred to Assignments
  5/31/2016SenateHouse Floor Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments
  5/31/2016SenateHouse Floor Amendment No. 1 Senate Concurs 057-000-000
  5/31/2016SenateSenate Concurs
  5/31/2016SenatePassed Both Houses
  6/13/2016SenateSent to the Governor
  6/24/2016SenateGovernor Approved
  6/24/2016SenateEffective Date June 24, 2016
  6/24/2016SenatePublic Act . . . . . . . . . 99-0509

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