House Sponsors: LANG-CURRY,JULIE-SCULLY-FANTIN-SCOTT AND GIGLIO. Senate Sponsors: SEVERNS Short description: 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. FISCAL NOTE (Comptroller) Primary cost would be for establishment and operation of the central repository, an estimated $175,000 annually. A dedicated PC or network server with data base software would be $9,000. JUDICIAL NOTE It has been determined that the bill would neither decrease nor increase the need for the number of judges in the State. STATE MANDATES FISCAL NOTE In the opinion of DCCA, HB959 fails to create a State mandate. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status