Illinois General Assembly - Bill Status for HB3573
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 Bill Status of HB3573  9th General Assembly


House Sponsors
Rep. Wayne Rosenthal - Norine Hammond - Jil Tracy - Adam Brown

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 3501/830-60 new

Synopsis As Introduced
Amends the Illinois Finance Authority Act. Creates the Rural Natural Gas Expansion Loan Guarantee Program. Authorizes the Illinois Finance Authority to issue State Guarantees to lenders for loans to agribusinesses for the purpose of expanding or increasing capacity of natural gas lines for their agribusiness. Provides that lenders shall apply for the State Guarantees on forms provided by the Authority. Provides that the lender must agree to charge an interest rate, which may vary, that the Authority determines to be below the market rate of interest generally available to the agribusiness. Provides that a State Guarantee shall not exceed $5,000,000 per agribusiness. Provides that the Illinois Farmer and Agribusiness Loan Guarantee Fund may be used to secure State Guarantees.

DateChamber Action
  2/24/2011HouseFiled with the Clerk by Rep. Wayne Rosenthal
  2/24/2011HouseChief Co-Sponsor Rep. Norine Hammond
  2/24/2011HouseChief Co-Sponsor Rep. Jil Tracy
  2/24/2011HouseChief Co-Sponsor Rep. Adam Brown
  2/24/2011HouseFirst Reading
  2/24/2011HouseReferred to Rules Committee
  3/3/2011HouseAssigned to Executive Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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