Bill Status of SB 3719   96th General Assembly

Short Description:  IFA-AG WORKING CAPITAL LOANS

Senate Sponsors
Sen. Michael W. Frerichs and Kyle McCarter

House Sponsors
(Rep. John E. Bradley-Jack D. Franks-Keith Farnham-Linda Chapa LaVia, William B. Black and Kay Hatcher)


Last Action  View All Actions

DateChamber Action
  5/24/2010SenatePublic Act . . . . . . . . . 96-0897

Statutes Amended In Order of Appearance
20 ILCS 3501/805-20
20 ILCS 3501/830-55 new

Synopsis As Introduced
Amends the Illinois Finance Authority Act concerning agricultural assistance. Authorizes the Authority to insure and make advance commitments to insure payments on bonds issued for agricultural assistance. Authorizes the Authority to issue State Guarantees to lenders for working capital loans to finance planting and raising agricultural commodities. Sets forth eligibility, application, and renewal requirements. Establishes fees and loan limits. Contains other provisions. Effective immediately.

Senate Committee Amendment No. 1
Adds reference to:
20 ILCS 3501/805-5
20 ILCS 3501/805-15
20 ILCS 3501/830-5
20 ILCS 3501/830-35
20 ILCS 3501/830-45
20 ILCS 3501/830-50

Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Further amends the Illinois Finance Authority Act. Authorizes the use of the Industrial Project Insurance Fund, the Illinois Agricultural Loan Fund, and the Illinois Former and Agribusiness Loan Guarantee Fund to satisfy State Guarantees for agricultural assistance. Makes related changes. Effective immediately.

Actions 
DateChamber Action
  2/11/2010SenateFiled with Secretary by Sen. Michael W. Frerichs
  2/11/2010SenateFirst Reading
  2/11/2010SenateReferred to Assignments
  2/24/2010SenateAssigned to State Government and Veterans Affairs
  2/24/2010SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Michael W. Frerichs
  2/24/2010SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/2/2010SenateSenate Committee Amendment No. 1 Assignments Refers to State Government and Veterans Affairs
  3/4/2010SenateSenate Committee Amendment No. 1 Adopted
  3/4/2010SenateDo Pass as Amended State Government and Veterans Affairs; 009-000-000
  3/4/2010SenatePlaced on Calendar Order of 2nd Reading March 9, 2010
  3/10/2010SenateSecond Reading
  3/10/2010SenatePlaced on Calendar Order of 3rd Reading March 11, 2010
  3/11/2010SenateAdded as Co-Sponsor Sen. Kyle McCarter
  3/11/2010SenateThird Reading - Passed; 057-000-001
  3/11/2010HouseArrived in House
  3/11/2010HouseChief House Sponsor Rep. John E. Bradley
  3/11/2010HousePlaced on Calendar Order of First Reading
  3/11/2010HouseFirst Reading
  3/11/2010HouseReferred to Rules Committee
  3/22/2010HouseAssigned to Agriculture & Conservation Committee
  4/13/2010HouseAdded Alternate Co-Sponsor Rep. William B. Black
  4/13/2010HouseDo Pass / Short Debate Agriculture & Conservation Committee; 009-000-000
  4/13/2010HousePlaced on Calendar 2nd Reading - Short Debate
  4/14/2010HouseSecond Reading - Short Debate
  4/14/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/15/2010HouseThird Reading - Short Debate - Passed 112-000-000
  4/15/2010SenatePassed Both Houses
  4/15/2010HouseAdded Alternate Chief Co-Sponsor Rep. Jack D. Franks
  4/15/2010HouseAdded Alternate Chief Co-Sponsor Rep. Keith Farnham
  4/15/2010HouseAdded Alternate Chief Co-Sponsor Rep. Linda Chapa LaVia
  4/15/2010HouseAlternate Chief Co-Sponsor Changed to Rep. Jack D. Franks
  4/15/2010HouseAlternate Chief Co-Sponsor Changed to Rep. Linda Chapa LaVia
  4/15/2010HouseAdded Alternate Co-Sponsor Rep. Kay Hatcher
  5/14/2010SenateSent to the Governor
  5/24/2010SenateGovernor Approved
  5/24/2010SenateEffective Date May 24, 2010
  5/24/2010SenatePublic Act . . . . . . . . . 96-0897

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