In CommitteeFiled Feb 6, 2026
Sponsor: Ann M. Williams
Latest Action
Rule 19(a) / Re-referred to Rules Committee
Mar 27, 2026
Summary
The measure amends the Illinois Finance Authority Act to allow higher bond issuances for an individual agricultural real‑estate borrower when state law or regulation permits a larger amount. It also eliminates the rule that prevents bond proceeds from being loaned to a person with a net worth over $500,000 for buying new depreciable farm property. The changes aim to give farmers more financing flexibility.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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