TREASURER-ROAD GRADER LOANS House SponsorsRep. Donald L. Moffitt-Mike Boland-Michael K. Smith-Jack D. Franks-Keith P. Sommer Senate Sponsors(Sen. George P. Shadid) 1/11/2005HouseSession Sine Die 15 ILCS 505/21 new30 ILCS 105/5.595 new Amends the State Treasurer Act. Provides that the Treasurer shall administer a road grader revolving loan program to provide loans to units of local government for the purchase of road graders that are manufactured in the United States of America. Provides that the Treasurer shall determine eligibility for the loans based on need as determined by the Treasurer, and that the loan funds, subject to appropriation, shall be paid out of the Road Grader Revolving Loan Fund, a special fund in the State treasury. Provides that (i) the aggregate outstanding principal amount of loans to any one unit of local government for the purchase of road graders may not exceed $350,000; (ii) the repayment period for the loan may not exceed 15 years; and (iii) the unit of local government must repay each year at least 5% of the principal amount borrowed or the remaining balance of the loan, whichever is less. Provides that the the loan interest is 1% annually. Provides that the Treasurer must adopt rules to administer the program. Amends the State Finance Act to create the Fund.House Amendment No. 2 Deletes reference to:15 ILCS 505/21 newAdds reference to:30 ILCS 360/3-26 newDeletes everything. Amends the Rural Bond Bank Act and the State Finance Act. Contains provisions substantially similar to the original provisions but gives the Illinois Rural Bond Bank (instead of the Treasurer) power to administer a road grader revolving loan program. Defines "manufactured in the United States of America" for purposes of the road grader revolving loan program. Creates the Road Grader Revolving Loan Fund as a special fund in the State treasury. Makes other changes. 1/15/2003HouseFiled with the Clerk by Rep. Donald L. Moffitt 1/16/2003HouseFirst Reading 1/16/2003HouseReferred to Rules Committee 1/23/2003HouseAssigned to State Government Administration Committee 1/29/2003HouseAdded Chief Co-Sponsor Rep. Mike Boland 1/29/2003HouseAdded Chief Co-Sponsor Rep. Michael K. Smith 1/30/2003HouseDo Pass / Short Debate State Government Administration Committee; 010-000-000 1/30/2003HousePlaced on Calendar 2nd Reading - Short Debate 1/30/2003HouseAdded Chief Co-Sponsor Rep. Jack D. Franks 2/4/2003HouseAdded Chief Co-Sponsor Rep. Keith P. Sommer 3/4/2003HouseHouse Amendment No. 1 Filed with Clerk by Rep. Donald L. Moffitt 3/4/2003HouseHouse Amendment No. 1 Referred to Rules Committee 3/6/2003HouseHouse Amendment No. 2 Filed with Clerk by Rep. Donald L. Moffitt 3/6/2003HouseHouse Amendment No. 2 Referred to Rules Committee 3/11/2003HouseHouse Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000 4/1/2003HouseSecond Reading - Short Debate 4/1/2003HouseHouse Amendment No. 2 Adopted by Voice Vote 4/1/2003HouseHeld on Calendar Order of Second Reading - Short Debate 4/2/2003HouseSecond Reading - Short Debate 4/2/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/3/2003HouseHouse Amendment No. 1 Tabled Pursuant to Rule 40(a) 4/3/2003HouseThird Reading - Short Debate - Passed 117-000-000 4/4/2003SenateArrive in Senate 4/4/2003SenatePlaced on Calendar Order of First Reading April 8, 2003 4/4/2003SenateChief Senate Sponsor Sen. George P. Shadid 4/4/2003SenateFirst Reading 4/4/2003SenateReferred to Rules 4/16/2003SenateAssigned to Transportation 4/30/2003SenatePostponed - Transportation 5/2/2003SenateRule 3-9(a) / Re-referred to Rules 1/11/2005HouseSession Sine Die