IDHA-REFINANCE MORTGAGE House SponsorsRep. Michael Tryon-Ronald A. Wait-Brent Hassert-Robert W. Pritchard-Patricia R. Bellock, Sandra M. Pihos, Jim Durkin, Dave Winters and Rosemary Mulligan 1/13/2009HouseSession Sine Die 20 ILCS 3805/7.25i new Amends the Illinois Housing Development Act. Provides that the Authority must use at least $1,000,000,000 of its borrowing authority to refinance residential adjustable-rate mortgages with increased interest rates that take effect within 5 years after the effective date of the amendatory Act. Provides that the Authority must work with entities in the private sector to make and manage the loans. Effective immediately. 5/16/2008HouseFiled with the Clerk by Rep. Michael Tryon 5/16/2008HouseChief Co-Sponsor Rep. Ronald A. Wait 5/16/2008HouseChief Co-Sponsor Rep. Brent Hassert 5/16/2008HouseChief Co-Sponsor Rep. Robert W. Pritchard 5/16/2008HouseChief Co-Sponsor Rep. Patricia R. Bellock 5/16/2008HouseCo-Sponsor Rep. Sandra M. Pihos 5/16/2008HouseCo-Sponsor Rep. Jim Durkin 5/19/2008HouseFirst Reading 5/19/2008HouseReferred to Rules Committee 7/31/2008HouseAdded Co-Sponsor Rep. Dave Winters 9/26/2008HouseAdded Co-Sponsor Rep. Rosemary Mulligan 1/13/2009HouseSession Sine Die