Sonya Harper
- Democratic
- Representative
- District 6
Primary
Amends the Community Development Loan Guarantee Act. Provides that the State Treasurer may establish the Loan Guarantee Program by establishing one or more Loan Guarantee Accounts at approved financial institutions (currently, one Account as a special account outside the State treasury with the State Treasurer as custodian). Provides that moneys in a Loan Guarantee Account may be paid to a participating financial institution to cover losses on guaranteed loans up to the full amount in the Account or the amount of loss, whichever is lesser. Provides that the State of Illinois and the State Treasurer shall not be responsible for any losses in excess of the full amount in the Loan Guarantee Account designated for a participating financial institution. Provides that the State Treasurer may withdraw funds from any Loan Guarantee Account for a financial institution's failure to comply with Program requirements. Makes conforming and other changes. Effective immediately.
Session Sine Die
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon
Alternate Chief Sponsor Changed to Sen. Don Harmon
Senate Floor Amendment No. 1 Referred to Assignments
Approved for Consideration Assignments
Placed on Calendar Order of 3rd Reading January 4, 2023
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Placed on Calendar Order of 3rd Reading November 29, 2022
Approved for Consideration Assignments
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Approved for Consideration Assignments
Rule 2-10 Third Reading Deadline Established As April 8, 2022
Placed on Calendar Order of 3rd Reading April 8, 2022
Second Reading
Placed on Calendar Order of 2nd Reading
First Reading
Added Co-Sponsor Rep. Jehan Gordon-Booth
Arrive in Senate
Placed on Calendar Order of First Reading
Chief Senate Sponsor Sen. Christopher Belt
Referred to Assignments
Third Reading - Short Debate - Passed 072-036-000
Added Co-Sponsor Rep. Cyril Nichols
Added Co-Sponsor Rep. Lakesia Collins
Added Co-Sponsor Rep. Justin Slaughter
Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Financial Institutions Committee; 007-003-000
Assigned to Financial Institutions Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Sonya M. Harper
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Engrossed | HTML PDF |
| Senate Amendment 001 | HTML PDF |
| Document | Format |
|---|---|
| No related documents. |
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