IL HB5419

Amends the Illinois Finance Authority Act to allow higher bond/note issuance limits for agricultural real estate borrowers when permitted by federal statute or regulation, beyond the current $450,000 base amount (adjusted for inflation)

Removes the $500,000 net worth cap that previously prohibited individuals with higher net worth from receiving Illinois Finance Authority bond proceeds for purchasing new depreciable agricultural property

Maintains existing restrictions barring loans to agribusinesses with more than 100 employees and gross income exceeding $2,000,000, except for research and development purposes or businesses without Illinois facilities

Takes effect immediately upon becoming law