HB 3573

  • Illinois House Bill
  • 97th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Ifa-Natural Gas Loan Guarantee

Abstract

Amends the Illinois Finance Authority Act. Creates the Rural Natural Gas Expansion Loan Guarantee Program. Authorizes the Illinois Finance Authority to issue State Guarantees to lenders for loans to agribusinesses for the purpose of expanding or increasing capacity of natural gas lines for their agribusiness. Provides that lenders shall apply for the State Guarantees on forms provided by the Authority. Provides that the lender must agree to charge an interest rate, which may vary, that the Authority determines to be below the market rate of interest generally available to the agribusiness. Provides that a State Guarantee shall not exceed $5,000,000 per agribusiness. Provides that the Illinois Farmer and Agribusiness Loan Guarantee Fund may be used to secure State Guarantees.

Bill Sponsors (1)

Votes


No votes to display

Actions


Jan 08, 2013

House

Session Sine Die

Mar 17, 2011

House

Rule 19(a) / Re-referred to Rules Committee

Mar 03, 2011

House

Assigned to Executive Committee

Feb 24, 2011

House

Chief Co-Sponsor Rep. Adam Brown

House

Filed with the Clerk by Rep. Wayne Rosenthal

House

Referred to Rules Committee

House

First Reading

House

Chief Co-Sponsor Rep. Norine Hammond

House

Chief Co-Sponsor Rep. Jil Tracy

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.