Bill Status of SB 3205   96th General Assembly

Short Description:  IFA-DISTRESSED PROVIDERS

Senate Sponsors
Sen. Jeffrey M. Schoenberg

Last Action  View All Actions

DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 405/10.05c new
20 ILCS 3501/845-5
20 ILCS 3501/Art. 841 heading new
20 ILCS 3501/841-5 new
20 ILCS 3501/841-10 new
20 ILCS 3501/841-15 new
20 ILCS 3501/841-20 new
20 ILCS 3501/841-25 new
20 ILCS 3501/841-30 new
20 ILCS 3501/841-35 new
20 ILCS 3501/841-40 new
20 ILCS 3501/841-45 new
30 ILCS 105/5.756 new
30 ILCS 105/6z-82 new
35 ILCS 130/2from Ch. 120, par. 453.2

Synopsis As Introduced
Amends the Illinois Finance Authority Act and the State Finance Act. Provides that the Illinois Finance Authority must establish a financially distressed provider revolving loan program. Provides that the Authority may issue bonds in an aggregate principal amount not to exceed $300,000,000 for the purpose of providing short-term, no-interest loans to qualified health care and human services providers. Provides that certain amounts shall be transferred from cigarette tax receipts into the Financially Distressed Provider Debt Service Fund, and amends the State Finance Act to create the Financially Distressed Provider Debt Service Fund. Amends the Cigarette Tax Act to make conforming changes. Amends the State Comptroller Act to provide that delinquent loan amounts may be offset from warrants. Effective immediately.

Actions 
DateChamber Action
  2/9/2010SenateFiled with Secretary by Sen. Jeffrey M. Schoenberg
  2/9/2010SenateFirst Reading
  2/9/2010SenateReferred to Assignments
  2/24/2010SenateAssigned to Executive
  3/8/2010SenatePostponed - Executive
  3/8/2010SenateRule 3-9(a) / Re-referred to Assignments
  1/12/2011SenateSession Sine Die

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