SCHOENBERG-TURNER,ART, O'BRIEN. New Act 20 ILCS 3505/7.89 new 20 ILCS 3505/7.90 new 20 ILCS 3505/7.91 new 20 ILCS 3505/7.92 new 20 ILCS 3505/7.93 new 20 ILCS 3505/7.94 new 20 ILCS 3505/7.95 new 20 ILCS 3505/7.96 new Creates the Recyclable Markets Development Act. Provides for a Recyclable Markets Development Advisory Council to review and recommend applications relating to the manufacturing, production, or constructing of recyclable markets commodities, buildings, or facilities that are filed with the Illinois Development Finance Authority. Amends the Illinois Development Finance Authority Act. Requires the Authority, upon recommendation of the Advisory Council, to provide certain financing to recyclable markets businesses. Establishes guidelines. Creates a trust fund in the State Treasury known as the Recyclable Markets Loan Guarantee Fund. Provides that the State Treasurer is ex officio custodian of the Fund and establishes obligations of the Fund. Effective immediately. BALANCED BUDGET NOTE (Bureau of the Budget) Since HB 732 is not a supplemental appropriation bill, the Balanced Budget Note Act is inapplicable. STATE DEBT NOTE (Economic and Fiscal Commission) HB 732 would not affect the level of bonding authorization of the State, and therefore, has no direct impact on the level of State indebtedness. FISCAL NOTE (Development Finance Authority) The legislation does not reference a funding level from the Authority and without specific information regarding the scale and scope of the proposal or the potential amount available from the Generation Skipping Tax Act, its fiscal effect on IDFA cannot be determined. FEB-07-2001 H FILED WITH CLERK FEB-07-2001 H FIRST READING FEB-07-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-14-2001 H ADDED AS A JOINT SPONSOR TURNER,ART FEB-15-2001 H ASSIGNED TO COMMITTEE COMM BUSS DEV FEB-27-2001 H ADDED AS A CO-SPONSOR O'BRIEN MAR-08-2001 H DO PASS/SHORT DEBATE 010-000-000 HCBD MAR-08-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-13-2001 H FISCAL NOTE REQUESTED OSMOND MAR-13-2001 H BALANCED BUDGET NOTE REQUESTED OSMOND MAR-13-2001 H STATE DEBT IMPACT NOTE REQUESTED OSMOND MAR-13-2001 H SECOND READING-SHORT DEBATE MAR-13-2001 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE MAR-19-2001 H BALANCED BUDGET NOTE FILED MAR-19-2001 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE MAR-20-2001 H STATE DEBT IMPACT NOTE FILED MAR-20-2001 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE MAR-23-2001 H FISCAL NOTE FILED MAR-23-2001 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-04-2001 H AMENDMENT NO. 01-HULTGREN APR-04-2001 H AMENDMENT REFERRED TO HRUL APR-04-2001 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-06-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary