SMITH,MICHAEL-POE-BLACK-BOLAND-LAWFER, O'BRIEN, REITZ,
FOWLER AND BOST.
FARM DEV-ST GUARANTEE PROGRAM
Synopsis of Bill as introduced:
Amends the Illinois Farm Development Act. Provides that the
Illinois Farm Development Authority may transfer to the Illinois
Agricultural Loan Guarantee Fund such amounts as are necessary to
satisfy claims (now no more than $45,000,000). Provides that the
Authority may transfer from available appropriations and the Farm
Emergency Fund such amounts as are necessary to satisfy claims (now no
more than $15,000,000). Provides that the Authority may make rules
concerning the State Guarantee Program under certain emergency
conditions. Makes other changes.
FISCAL NOTE (Farm Development Authority)
There will be no additional cost to the State.
Last action on Bill: PUBLIC ACT.............................. 91-0386
Last action date: 99-07-30
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status