SB2861eng 93RD GENERAL ASSEMBLY

SB2861 Engrossed LRB093 20386 BDD 46158 b

AN ACT concerning finance.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Finance Authority Act is amended by adding Section 845-90 as follows:

(20 ILCS 3501/845-90 new)

Sec. 845-90. Amounts of Illinois Farm Development and Rural Bond Bank program funding. The Illinois Finance Authority must, at a minimum, maintain the level of bond funding for all functions and programs that were operated under the Illinois Farm Development Act and the Rural Bond Bank Act that existed before the effective date of Public Act 93-205.

Section 99. Effective date. This Act takes effect upon becoming law.