IHDA-REFINANCE MORTGAGE House SponsorsRep. Michael W. Tryon 1/11/2011HouseSession 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. 2/11/2009HouseFiled with the Clerk by Rep. Michael W. Tryon 2/11/2009HouseFirst Reading 2/11/2009HouseReferred to Rules Committee 2/18/2009HouseAssigned to Executive Committee 3/13/2009HouseRule 19(a) / Re-referred to Rules Committee 1/11/2011HouseSession Sine Die