SB3019 - 104th General Assembly (2025-2026)

FINANCE-AGRICULTURAL BORROWER
Last Action
1/29/2026 - Senate: Referred to Assignments
Senate Sponsors
Sen. Patrick J. Joyce
Statutes Amended In Order of Appearance
20 ILCS 3501/830-20  
Synopsis As Introduced
Amends the Illinois Finance Authority Act. Provides that the maximum amount of notes or bonds that may be issued by the Illinois Finance Authority for any one agricultural real estate borrower may be increased by a higher amount than currently allowed if a higher amount is permitted by statute or regulation. In provisions concerning agricultural assistance loans, removes provisions providing that no proceeds from any bonds issued by the Illinois Finance Authority shall be loaned for the purchase of new depreciable agricultural property to any natural person who has a net worth in excess of $500,000. Effective immediately.
Actions
DateChamberAction
1/29/2026SenateFiled with Secretary by Sen. Patrick J. Joyce
1/29/2026SenateFirst Reading
1/29/2026SenateReferred to Assignments