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IL HB3959

Bill

Official Source

Status

Failed

1/7/2025

Primary Sponsor

Mark Walker

Click for details

Origin

House of Representatives

103rd General Assembly

AI Summary

  • Amends the Illinois Finance Authority Act by adding Section 845-7 regarding bond unenforceability
  • Prohibits the Illinois Finance Authority from requiring organizations or companies that receive Authority funding to procure a bond
  • Renders all existing bond provisions in contracts between the Authority and organizations or companies unenforceable

Legislative Description

IFA BOND PROVISIONS

Last Action

Session Sine Die

1/7/2025

Committee Referrals

Rules3/10/2023
State Government Administration2/28/2023
Rules2/17/2023

Full Bill Text

No bill text available