94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB3179

 

Introduced 3/24/2006, by Sen. Steven J. Rauschenberger - Christine Radogno

 

SYNOPSIS AS INTRODUCED:
 
20 ILCS 3501/801-50 new

    Amends the Illinois Finance Authority Act. Prohibits the Illinois Finance Authority from selling bonds or otherwise financing any project for a State agency. Effective immediately.


LRB094 19986 BDD 57418 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB3179 LRB094 19986 BDD 57418 b

1     AN ACT concerning State government.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Illinois Finance Authority Act is amended by
5 adding Section 801-50 as follows:
 
6     (20 ILCS 3501/801-50 new)
7     Sec. 801-50. Limitation on the financing of State agency
8 projects. Notwithstanding any other provision of this Act, the
9 Authority may not sell bonds or otherwise finance any project
10 for a State agency, as defined under Section 1-5 of the State
11 Officials and Employees Ethics Act.
 
12     Section 99. Effective date. This Act takes effect upon
13 becoming law.