Bill Title: Amends the Illinois Finance Authority Act. Provides that the Authority is authorized to issue bonds or notes in an amount not to exceed $450,000 (now, $250,000). Provides that in any calendar year after 2007, the $450,000 amount shall be increased by an amount equal to such dollar amount multiplied by the inflation percentage determined under Section 305(c) of the federal Consolidated Farm and Rural Development Act (7 U.S.C. 1925) as of June 18, 2008. Provides that any increase must be rounded to the nearest multiple of $100. Effective immediately.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Passed) 2009-08-14 - Public Act . . . . . . . . . 96-0531 [SB0260 Detail]

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Bill Drafts

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Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB0260

Supplemental Documents

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No supplemental documents for Illinois SB0260 currently on file.

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