91st General Assembly
Summary of HB3293
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
House Sponsors:

Senate Sponsors:

Short description: 

Synopsis of Bill as introduced:
        Amends the Illinois  Community  Development  Finance  Corporation      
   Act.   Dissolves the Community Development Finance Corporation (CDFC).      
   Requires that moneys in the CDFC Fund be returned to the  persons  who      
   donated  those  moneys.   Requires  that  the CDFC's records and other      
   property be transferred to  the  State  Treasurer,  and  requires  the      
   Treasurer to implement these provisions. Repeals the Act 30 days after      
   the   CDFC  Fund  moneys  are  returned  to  the  donors.    Effective      
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          315 ILCS 15/8 new                                                    
          Adds reference to:                                                   
          315 ILCS 15/2                   from Ch. 67 1/2, par. 712            
        Deletes everything.  Amends the  Illinois  Community  Development      
   Finance  Corporation  Act.   Removes the State Treasurer as a director      
   and as the chairman of  the  Illinois  Community  Development  Finance      
   Corporation  (CDFC).   Provides  that  the  Director  of  Commerce and      
   Community Affairs (who is also a director) shall serve as chairman  of      
   the  CDFC.   Provides  that the Governor shall appoint the remaining 8      
   (rather than 7) directors.  Effective immediately.                          
Last action on Bill: PUBLIC ACT.............................. 91-0804

   Last action date: 00-06-13

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


 Full Text  Bill Status