|
| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB2667 Introduced 2/21/2013, by Rep. Kenneth Dunkin SYNOPSIS AS INTRODUCED:
| | |
Amends the Illinois Finance Authority Act. Makes a technical change in a
Section concerning definitions.
|
| |
| | A BILL FOR |
|
|
| | HB2667 | | LRB098 09213 HLH 39352 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 | | changing Section 805-10 as follows:
|
| 6 | | (20 ILCS 3501/805-10)
|
| 7 | | Sec. 805-10. Definitions. The
The following terms, |
| 8 | | whenever used or referred
to in this Article, shall have the |
| 9 | | following meanings ascribed to them, except
where the context |
| 10 | | clearly requires otherwise: |
| 11 | | (a) "Financial Institution" means a financial institution |
| 12 | | which is a trust
company, a bank, a savings bank, a credit |
| 13 | | union, an investment bank, a broker,
an investment trust, a |
| 14 | | pension fund, a building and loan association, a savings
and |
| 15 | | loan association, an insurance company, or any other |
| 16 | | institution acceptable
to the Authority, authorized to do |
| 17 | | business in the State and approved by the
Authority to insure |
| 18 | | bonds or loans for industrial projects authorized by this
Act.
|
| 19 | | (b) "Participating lender" means any trust company, bank, |
| 20 | | savings bank,
credit
union, investment bank, broker, |
| 21 | | investment trust, pension fund, building and
loan association, |
| 22 | | savings and loan association, insurance company or other
|
| 23 | | institution approved by the Authority which assumes a portion |