SB3019 - 104th General Assembly (2025-2026)

FINANCE-AGRICULTURAL BORROWER
Last Action
4/27/2026 - House: Assigned to Revenue & Finance Committee
Hearings
Revenue & Finance Committee Hearing May 7 2026 8:00AM Capitol Building 118 and Virtual Room 2 Springfield, IL
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
DateChamberAction
1/29/2026SenateFiled with Secretary by Sen. Patrick J. Joyce
1/29/2026SenateFirst Reading
1/29/2026SenateReferred to Assignments
3/10/2026SenateAssigned to Financial Institutions
3/10/2026SenateAdded as Chief Co-Sponsor Sen. Sally J. Turner
3/13/2026SenateRule 2-10 Committee Deadline Established As March 27, 2026
3/23/2026SenateAdded as Chief Co-Sponsor Sen. Jason Plummer
3/25/2026SenateDo Pass Financial Institutions; 008-000-000
3/25/2026SenatePlaced on Calendar Order of 2nd Reading March 26, 2026
3/26/2026SenateSecond Reading
3/26/2026SenatePlaced on Calendar Order of 3rd Reading April 14, 2026
3/26/2026SenateAdded as Co-Sponsor Sen. Christopher Belt
3/26/2026SenateAdded as Co-Sponsor Sen. Mark L. Walker
3/26/2026SenateAdded as Co-Sponsor Sen. Mike Porfirio
3/26/2026SenateAdded as Co-Sponsor Sen. Mattie Hunter
3/26/2026SenateAdded as Chief Co-Sponsor Sen. Paul Faraci
4/14/2026SenateThird Reading - Passed; 055-000-000
4/14/2026SenateAdded as Co-Sponsor Sen. Chris Balkema
4/14/2026SenateAdded as Co-Sponsor Sen. Michael W. Halpin
4/14/2026HouseArrived in House
4/14/2026HouseChief House Sponsor Rep. Ann M. Williams
4/14/2026HouseFirst Reading
4/14/2026HouseReferred to Rules Committee
4/15/2026SenateAdded as Co-Sponsor Sen. Rachel Ventura
4/27/2026HouseAssigned to Revenue & Finance Committee