Illinois General Assembly - Bill Status for HB1412
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 Bill Status of HB1412  95th General Assembly


Short Description:  ILLINOIS FINANCE-LOANS-BONDS

House Sponsors
Rep. Kurt M. Granberg

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 3501/801-25
20 ILCS 3501/801-40
20 ILCS 3501/801-50 new
20 ILCS 3501/845-40


Synopsis As Introduced
Amends the Illinois Finance Authority Act. Provides that all official acts of the Authority require the approval of a majority of the members then holding office (instead of 8 members). Provides that a majority of the members of the Authority holding office constitutes a quorum (instead of 8 members). Provides that the Authority may enter into agreements with respect to its bond payment obligations. Provides that any pledge of revenues or other moneys made by the Authority shall be binding from the time the pledge is made, and that revenues and other moneys pledged shall be held outside of the State treasury and shall be subject to certain liens. Allows the Executive Director to countersign checks and drafts. Makes other changes.

Actions 
DateChamber Action
  2/21/2007HouseFiled with the Clerk by Rep. Kurt M. Granberg
  2/21/2007HouseFirst Reading
  2/21/2007HouseReferred to Rules Committee
  2/27/2007HouseAssigned to Executive Committee
  3/23/2007HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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