Senate Sponsors: SIEBEN. Short description: FARM DEVELOP-VALUE-ADDED GURNT Synopsis of Bill as introduced: Amends the Illinois Farm Development Act. Creates the Enhanced Value-Added Agriculture Production Guarantee Program. Provides for State Guarantees for loans to finance or refinance debts for specialized agribusiness's that engage in the process of adding value to agricultural products. Sets the requirements for using the program. Requires the Illinois Farm Development Authority to provide or renew State Guarantees if certain conditions are met. Provides that the Illinois Farmer and Agribusiness Loan Guarantee Fund may be used to secure the State Guarantees. Effective immediately. FISCAL NOTE (Farm Development Authority) There may be some fiscal impact with regard to an appropria- tion of a Loss Reserve Fund if a new source of loan guarantee funds is included. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status