MCGUIRE AND DART.
STATE LOAN ACT
Synopsis of Bill as introduced:
Creates the State Loan Act and amends the Uncollected State
Claims Act and the Illinois State Collection Act of 1986. Provides
that before any State loan may be made or renewed to any person the
name of the person must be made public. Provides that the person must
personally guarantee repayment of the loan. Prohibits certain
contracts with a person who is in default on any State loan. Provides
that all contributions made by the person in the past 5 years must be
disclosed. Provides that the Attorney General shall investigate any
default on a State loan. Provides that the provisions of the
Uncollected State Claims Act and the Illinois State Collection Act of
1986 must be met before any renegotiation or forgiveness of a State
loan. Provides that the Attorney General shall report to the General
Assembly certain information regarding State loans.
JUDICIAL NOTE (Administrative Office of Illinois Courts)
No decrease or increase in number of judges needed.
Last action on Bill: SESSION SINE DIE
Last action date: 01-01-09
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status