IL HB2826 | 2013-2014 | 98th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Finance Authority Act. In Sections concerning State guarantees for loans to farmers, provides that the total amount of the guarantees shall not exceed $2,000,000 per farmer (instead of $500,000). Provides that guarantees may be made if the farmer's net worth does not exceed $2,000,000 (instead of $500,000). In a Section concerning guarantees for existing debt, provides that the Illinois Agricultural Loan Guarantee Fund shall guarantee receipt of payment of 90% (instead of 85%) of the principal and interest owed on the State Guarantee Loan by the farmer to the guarantee holder. Effective immediately.
Title
IFA-AG GUARANTEE-RAISE LIMIT
Sponsors
History
Date | Chamber | Action |
---|---|---|
2014-12-03 | House | Session Sine Die |
2013-03-22 | House | Rule 19(a) / Re-referred to Rules Committee |
2013-03-04 | House | Assigned to Executive Committee |
2013-02-26 | House | Referred to Rules Committee |
2013-02-26 | House | First Reading |
2013-02-22 | House | Filed with the Clerk by Rep. C.D. Davidsmeyer |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
20 | 3501 | 830-20 | Amended Code | Citation Text |
20 | 3501 | 830-30 | Amended Code | Citation Text |
20 | 3501 | 830-35 | Amended Code | Citation Text |
20 | 3501 | 830-45 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2826&GAID=12&DocTypeID=HB&SessionID=85&GA=98 |
Text | https://www.ilga.gov/legislation/98/HB/09800HB2826.htm |