Illinois Senate Bill 1983 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 20 2009 - 25% progression, died in committee
Action: 2009-04-03 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Finance Authority Act. Replaces the existing governing board of the Authority with 4 new governing boards, appointed by the Governor with the advice and consent of the Senate. Gives each new governing board jurisdiction over certain specified programs of the Authority. Provides that certain actions affecting more than one governing board must be taken by the affected boards acting jointly. Replaces the Executive Director of the Authority with 4 new executive directors, one appointed by each of the governing boards. Contains provisions relating to officers, employees, finance, and the issuance of bonds. Provides that the change in governing boards does not affect any existing obligation of the Authority, or any existing bond or other instrument of indebtedness of the Authority or any of its Predecessor Authorities, or the rights of any bondholder. Includes other conforming and savings provisions. Effective January 1, 2010.

IL FINANCE AUTHORITY

Sen. Dan Cronin [R]

Date	Chamber	Action
2009-04-03		Rule 3-9(a) / Re-referred to Assignments
2009-03-26		Postponed - Executive; Subcommittee on State and Local Governments
2009-03-13		Rule 2-10 Committee Deadline Established As April 3, 2009
2009-03-12		To Executive Subcommittee on State And Local Government
2009-03-04		Assigned to Executive
2009-02-20		Referred to Assignments
2009-02-20		First Reading
2009-02-20		Filed with Secretary by Sen. Dan Cronin

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1983&GAID=10&DocTypeID=SB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/SB/09600SB1983.htm