Illinois General Assembly - Bill Status for HB1458

Synopsis As Introduced
Amends the Illinois Finance Authority Act. Authorizes the Illinois Finance Authority to issue bonds and to guarantee loans to finance broadband projects in the State. Sets forth the powers of the Authority with respect to broadband financing. Sets forth requirements for State guarantees of broadband financing. Requires monetary transfers and continuing appropriations to funds of the Authority for broadband financing purposes. Provides that bonds for broadband financing may be moral obligations of the State. Provides that the exercise of powers of the Authority under these provisions is exempt from certain State taxation. Makes other changes. Effective immediately.

Actions

Date	Chamber	Action
2/21/2007	House	Filed with the Clerk by Rep. George Scully, Jr.
2/21/2007	House	First Reading
2/21/2007	House	Referred to Rules Committee
2/27/2007	House	Assigned to Executive Committee
3/2/2007	House	Added Chief Co-Sponsor Rep. David E. Miller
3/8/2007	House	Added Co-Sponsor Rep. Kurt M. Granberg
3/15/2007	House	Chief Sponsor Changed to Rep. David E. Miller
3/15/2007	House	Remove Chief Co-Sponsor Rep. David E. Miller
3/23/2007	House	Rule 19(a) / Re-referred to Rules Committee
1/13/2009	House	Session Sine Die

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