Illinois General Assembly - Bill Status for HB1094

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Bill Status of HB1094 96th General Assembly

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Short Description: IHDA-REFINANCE MORTGAGE

House Sponsors
Rep. Michael W. Tryon

Last Action

Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

20 ILCS 3805/7.25i new

Synopsis As Introduced
Amends the Illinois Housing Development Act. Provides that the Authority must use at least $1,000,000,000 of its borrowing authority to refinance residential adjustable-rate mortgages with increased interest rates that take effect within 5 years after the effective date of the amendatory Act. Provides that the Authority must work with entities in the private sector to make and manage the loans. Effective immediately.

Actions

Date	Chamber	Action
2/11/2009	House	Filed with the Clerk by Rep. Michael W. Tryon
2/11/2009	House	First Reading
2/11/2009	House	Referred to Rules Committee
2/18/2009	House	Assigned to Executive Committee
3/13/2009	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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