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92_HB3207 LRB9204418WHcs 1 AN ACT concerning business transactions. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 (815 ILCS 705/Act rep.) 5 Section 5. The Franchise Disclosure Act of 1987 is 6 repealed. 7 Section 99. Effective date. This Act takes effect upon 8 becoming law.