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IL HB5452

Bill

Status

Passed

7/13/2012

Primary Sponsor

Robyn Gabel

Click for details

Origin

House of Representatives

97th General Assembly

AI Summary

  • Changes the Illinois Finance Authority Act to make discretionary (rather than mandatory) the Authority's development and maintenance of a list of manufacturing firms available for purchase, merger, or acquisition

  • Modifies language regarding consideration of fund-supported enterprises in loan allocation decisions from mandatory ("shall") to discretionary ("may")

  • Changes the Authority's responsibility regarding health facility regulations from mandatory study and recommendation to discretionary authority ("may" instead of "is charged with responsibility to")

  • Allows the Authority discretion in coordinating its venture investment activities with industrial revenue bond insurance programs

  • Takes effect upon becoming law

Legislative Description

IFA-VENTURE INVEST FUND LIMITS

Last Action

Public Act . . . . . . . . . 97-0789

7/13/2012

Committee Referrals

State Government & Veterans Affairs4/11/2012
Assignments3/30/2012
State Government Administration2/27/2012
Rules2/15/2012

Full Bill Text

No bill text available