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IL HB5452
Bill
Status
7/13/2012
Primary Sponsor
Robyn Gabel
Click for details
AI Summary
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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
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Modifies language regarding consideration of fund-supported enterprises in loan allocation decisions from mandatory ("shall") to discretionary ("may")
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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")
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Allows the Authority discretion in coordinating its venture investment activities with industrial revenue bond insurance programs
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Takes effect upon becoming law
Legislative Description
IFA-VENTURE INVEST FUND LIMITS
Last Action
Public Act . . . . . . . . . 97-0789
7/13/2012