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<xml>
<title>Illinois General Assembly - Bill Status for HB 5419</title>
<shortdesc>FINANCE-AGRICULTURAL BORROWER</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Ann M. Williams</sponsors>
</sponsor>
<lastaction>
<statusdate>3/27/2026</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>20 ILCS 3501/830-20</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>2/6/2026</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Ann M. Williams</action>
<statusdate>2/13/2026</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/13/2026</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/18/2026</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/27/2026</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</actions>
</xml>
