92nd General Assembly
Summary of HB0089
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House Sponsors:
LANG-KENNER-HOWARD AND BOLAND.

Short description: 
STATE LOAN ACT                                                             

Synopsis of Bill as introduced:
        Creates the State Loan  Act  and  amends  the  Uncollected  State      
   Claims  Act  and the Illinois State Collection Act of 1986.  Provides       
   that before any State loan may be made or renewed to  any  person  the      
   name of the person must be made public.  Provides that the person must      
   personally   guarantee  repayment  of  the  loan.   Prohibits  certain      
   contracts with a person who is in default on any State loan.  Provides      
   that all contributions made by the person in the past 5 years must  be      
   disclosed.   Provides  that the Attorney General shall investigate any      
   default on  a  State  loan.   Provides  that  the  provisions  of  the      
   Uncollected  State Claims Act and the Illinois State Collection Act of      
   1986 must be met before any renegotiation or forgiveness  of  a  State      
   loan.   Provides that the Attorney General shall report to the General      
   Assembly  certain  information  regarding  State   loans.    Effective      
   immediately.                                                                
          FISCAL NOTE (Attorney General)                                       
          HB 89 would not have a measurable fiscal impact on the Office        
          of the Attorney General.                                             
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status