FINANCE-BROADBAND House SponsorsRep. George Scully, Jr.-Constance A. Howard 1/9/2007HouseSession Sine Die 20 ILCS 3501/801-120 ILCS 3501/801-1020 ILCS 3501/801-4020 ILCS 3501/825-6020 ILCS 3501/825-6520 ILCS 3501/830-2520 ILCS 3501/Art. 850 heading new20 ILCS 3501/850-5 new20 ILCS 3501/850-10 new20 ILCS 3501/850-15 new20 ILCS 3501/850-20 new20 ILCS 3501/850-25 new20 ILCS 3501/850-30 new20 ILCS 3501/850-35 new20 ILCS 3501/850-40 new20 ILCS 3501/850-45 new Amends the Illinois Finance Authority Act. Authorizes the Illinois Finance Authority to issue bonds and to guarantee loans to finance broadband projects in the State. Sets forth the powers of the Authority with respect to broadband financing. Sets forth requirements for State guarantees of broadband financing. Requires monetary transfers and continuing appropriations to funds of the Authority for broadband financing purposes. Provides that bonds for broadband financing may be moral obligations of the State. Provides that the exercise of powers of the Authority under these provisions is exempt from certain State taxation. Makes other changes. Effective immediately. 1/26/2006HouseFiled with the Clerk by Rep. George Scully, Jr. 1/26/2006HouseFirst Reading 1/26/2006HouseReferred to Rules Committee 2/1/2006HouseAdded Chief Co-Sponsor Rep. Constance A. Howard 2/7/2006HouseAssigned to Executive Committee 2/17/2006HouseRule 19(a) / Re-referred to Rules Committee 1/9/2007HouseSession Sine Die