NOLAND-WALSH,L-SIEBEN. (MITCHELL,BILL) 20 ILCS 3605/7.2 20 ILCS 3605/12.1 from Ch. 5, par. 1212.1 20 ILCS 3605/12.2 from Ch. 5, par. 1212.2 20 ILCS 3605/12.6 new Amends the Illinois Farm Development Act. Creates the Interest Buy-Back Fund outside the State treasury to receive appropriations unexpended by the Farm Development Authority for the subsidizing of interest costs on farmers' loans. Authorizes the Authority to use the Fund for that same purpose. Requires the Authority to develop and administer a program of loans to Illinois entities for establishment and operation of facilities in Illinois that process, package, or otherwise enhance the value of Illinois farm products and by-products. Requires that a loan recipient provide a minimum percentage of matching funds. Specifies various limits on the amount of each loan and provides certain loan conditions. Establishes a special fund outside the State treasury for the funding of loans and the receipt of loan repayments. Permits the Authority to borrow from other of its funds while awaiting appropriations. Effective immediately. SENATE AMENDMENT NO. 1. Deletes reference to: 20 ILCS 3605/12.1 20 ILCS 3605/12.2 20 ILCS 3605/12.6 new Deletes everything. Amends the Illinois Farm Development Act. Makes a technical change in the buy-back program provision. 00-02-08 S FIRST READING 00-02-08 S REFERRED TO SENATE RULES COMMITTEE RULES 00-02-09 S ASSIGNED TO COMMITTEE AGRIC & CON 00-02-16 S AMENDMENT NO. 01-AGRICULTURE S 00-02-16 S ADOPTED 00-02-16 S DO PASS AS AMENDED 010-000-000 SAGR 00-02-16 S PLACED ON CALENDAR ORDER OF 2ND READING 00-02-17 00-02-17 S ADDED AS A CHIEF CO-SPONSOR WALSH,L 00-02-23 S ADDED AS A CO-SPONSOR SIEBEN 00-02-24 S SECOND READING 00-02-24 S PLACED ON CALENDAR ORDER OF 3RD READING 00-02-25 00-02-25 S ADDED AS A CHIEF CO-SPONSOR SIEBEN 00-02-25 S THIRD READING - PASSED 059-000-000 00-02-25 H ARRIVE IN HOUSE 00-02-25 H HOUSE SPONSOR WINTERS 00-02-25 H FIRST READING 00-02-25 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-03-03 H ALTERNATE PRIMARY SPONSOR CHANGED TO MITCHELL,BILL 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary