Bill Status of SB3019

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SB3019 - 104th General Assembly

FINANCE-AGRICULTURAL BORROWER
Last Action
3/26/2026 - Senate: Placed on Calendar Order of 3rd Reading April 14, 2026
Statutes Amended In Order of Appearance
20 ILCS 3501/830-20
Synopsis As Introduced
Amends the Illinois Finance Authority Act. Provides that the maximum amount of notes or bonds that may be issued by the Illinois Finance Authority for any one agricultural real estate borrower may be increased by a higher amount than currently allowed if a higher amount is permitted by statute or regulation. In provisions concerning agricultural assistance loans, removes provisions providing that no proceeds from any bonds issued by the Illinois Finance Authority shall be loaned for the purchase of new depreciable agricultural property to any natural person who has a net worth in excess of $500,000. Effective immediately.
Actions
Date Chamber Action
1/29/2026 Senate Filed with Secretary by Sen. Patrick J. Joyce
1/29/2026 Senate First Reading
1/29/2026 Senate Referred to Assignments
3/10/2026 Senate Assigned to Financial Institutions
3/10/2026 Senate Added as Chief Co-Sponsor Sen. Sally J. Turner
3/13/2026 Senate Rule 2-10 Committee Deadline Established As March 27, 2026
3/23/2026 Senate Added as Chief Co-Sponsor Sen. Jason Plummer
3/25/2026 Senate Do Pass Financial Institutions; 008-000-000
3/25/2026 Senate Placed on Calendar Order of 2nd Reading March 26, 2026
3/26/2026 Senate Second Reading
3/26/2026 Senate Placed on Calendar Order of 3rd Reading April 14, 2026
3/26/2026 Senate Added as Co-Sponsor Sen. Christopher Belt
3/26/2026 Senate Added as Co-Sponsor Sen. Mark L. Walker
3/26/2026 Senate Added as Co-Sponsor Sen. Mike Porfirio
3/26/2026 Senate Added as Co-Sponsor Sen. Mattie Hunter
3/26/2026 Senate Added as Chief Co-Sponsor Sen. Paul Faraci