Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of HB0753  100th General Assembly


Short Description:  IFA-AG GUARANTEE-RAISE LIMIT

House Sponsors
Rep. C.D. Davidsmeyer

Last Action
DateChamber Action
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
20 ILCS 3501/830-20
20 ILCS 3501/830-30
20 ILCS 3501/830-35
20 ILCS 3501/830-45


Synopsis As Introduced
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.

Actions 
DateChamber Action
  1/26/2017HouseFiled with the Clerk by Rep. C.D. Davidsmeyer
  1/27/2017HouseFirst Reading
  1/27/2017HouseReferred to Rules Committee
  2/8/2017HouseAssigned to Executive Committee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Back To Top