91st General Assembly
Summary of HB3386
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House Sponsors:

Short description: 
RECYCLABLE MARKETS DEVELOPMENT                                             

Synopsis of Bill as introduced:
        Creates  the  Illinois  Recyclable   Markets   Development   Act.      
   Provides  for  an  Illinois  Recyclable  Markets  Development Advisory      
   Council  to  review  and  recommend  applications  relating   to   the      
   manufacturing, production, or constructing of  recyclable markets           
   commodities, buildings, or facilities that shall come to the  Illinois      
   Development   Finance  Authority.   Amends  the  Illinois  Development      
   Finance Authority Act.  Requires the Authority, upon recommendation of      
   the Advisory Council,  to  provide  certain  financing  to  recyclable      
   markets  businesses.  Establishes guidelines.  Creates a trust fund in      
   the State Treasury known  as  the  Illinois  Recyclable  Markets  Loan      
   Guarantee Fund.  Provides that the State Treasurer shall be ex officio      
   custodian  of  the  Fund  and  establishes  obligations  of  the Fund.      
   Effective immediately.                                                      
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

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


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