Illinois General Assembly - Bill Status for HB5361
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 Bill Status of HB5361  94th General Assembly

Short Description:  FINANCE-BROADBAND

House Sponsors
Rep. George Scully, Jr. - Constance A. Howard

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 3501/801-1
20 ILCS 3501/801-10
20 ILCS 3501/801-40
20 ILCS 3501/825-60
20 ILCS 3501/825-65
20 ILCS 3501/830-25
20 ILCS 3501/Art. 850 heading new
20 ILCS 3501/850-5 new
20 ILCS 3501/850-10 new
20 ILCS 3501/850-15 new
20 ILCS 3501/850-20 new
20 ILCS 3501/850-25 new
20 ILCS 3501/850-30 new
20 ILCS 3501/850-35 new
20 ILCS 3501/850-40 new
20 ILCS 3501/850-45 new

Synopsis As Introduced
Amends the Illinois Finance Authority Act. Authorizes the Illinois Finance Authority to issue bonds and to guarantee loans to finance broadband projects in the State. Sets forth the powers of the Authority with respect to broadband financing. Sets forth requirements for State guarantees of broadband financing. Requires monetary transfers and continuing appropriations to funds of the Authority for broadband financing purposes. Provides that bonds for broadband financing may be moral obligations of the State. Provides that the exercise of powers of the Authority under these provisions is exempt from certain State taxation. Makes other changes. Effective immediately.

DateChamber Action
  1/26/2006HouseFiled with the Clerk by Rep. George Scully, Jr.
  1/26/2006HouseFirst Reading
  1/26/2006HouseReferred to Rules Committee
  2/1/2006HouseAdded Chief Co-Sponsor Rep. Constance A. Howard
  2/7/2006HouseAssigned to Executive Committee
  2/17/2006HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die

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