Illinois General Assembly - Bill Status for HB0884
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 Bill Status of HB0884  101st General Assembly


House Sponsors
Rep. Michael T. Marron - Darren Bailey and Andrew S. Chesney

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 3501/820-65 new
30 ILCS 105/5.891 new

Synopsis As Introduced
Amends the Illinois Finance Authority Act. Provides that the Illinois Finance Authority may administer a local infrastructure revolving loan program. Provides that the program shall, in instances where sufficient loan funds exist to permit applications to be accepted, provide zero-interest and low-interest loans to units of local government to be used for specified infrastructure projects. Creates the Local Infrastructure Revolving Loan Fund, and provides for the use of the Fund. Provides for a continuing appropriation of moneys from the Fund to the Authority for payment to units of local government for specified purposes. Provides for the maximum amount of the loan to be given and repayment of the loan. Authorizes the Authority to adopt rules to administer the program. Amends the State Finance Act to provide for the Local Infrastructure Revolving Loan Fund.

DateChamber Action
  1/24/2019HouseFiled with the Clerk by Rep. Michael T. Marron
  1/28/2019HouseFirst Reading
  1/28/2019HouseReferred to Rules Committee
  2/5/2019HouseAssigned to Revenue & Finance Committee
  2/14/2019HouseTo Sales, Amusement & Other Taxes Subcommittee
  3/25/2019HouseAdded Chief Co-Sponsor Rep. Darren Bailey
  3/26/2019HouseAdded Co-Sponsor Rep. Andrew S. Chesney
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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