FINANCE AUTHORITY-BONDS Senate SponsorsSen. Michael W. Frerichs and Gary Forby-John O. Jones House Sponsors(Rep. William B. Black-Jay C. Hoffman-Donald L. Moffitt-Jim Sacia, Joseph M. Lyons, Shane Cultra, Jack D. Franks, Keith Farnham and Linda Chapa LaVia) 8/14/2009SenatePublic Act . . . . . . . . . 96-0531 20 ILCS 3501/830-20Amends the Illinois Finance Authority Act. Provides that the Authority is authorized to issue bonds or notes in an amount not to exceed $450,000 (now, $250,000). Provides that in any calendar year after 2007, the $450,000 amount shall be increased by an amount equal to such dollar amount multiplied by the inflation percentage determined under Section 305(c) of the federal Consolidated Farm and Rural Development Act (7 U.S.C. 1925) as of June 18, 2008. Provides that any increase must be rounded to the nearest multiple of $100. Effective immediately. 2/4/2009SenateFiled with Secretary by Sen. Michael W. Frerichs 2/4/2009SenateFirst Reading 2/4/2009SenateReferred to Assignments 2/10/2009SenateAssigned to State Government and Veterans Affairs 2/18/2009SenateAdded as Co-Sponsor Sen. Gary Forby 2/20/2009SenateDo Pass State Government and Veterans Affairs; 008-000-000 2/20/2009SenatePlaced on Calendar Order of 2nd Reading February 25, 2009 2/20/2009SenateAdded as Chief Co-Sponsor Sen. John O. Jones 2/27/2009SenateSecond Reading 2/27/2009SenatePlaced on Calendar Order of 3rd Reading March 4, 2009 4/1/2009SenatePlaced on Calendar Order of 3rd Reading ** April 2, 2009 4/2/2009SenateThird Reading - Passed; 058-000-001 4/3/2009HouseArrived in House 4/3/2009HousePlaced on Calendar Order of First Reading 4/3/2009HouseChief House Sponsor Rep. William B. Black 4/6/2009HouseFirst Reading 4/6/2009HouseReferred to Rules Committee 4/20/2009HouseAssigned to Executive Committee 5/6/2009HouseDo Pass / Short Debate Executive Committee; 011-000-000 5/6/2009HousePlaced on Calendar 2nd Reading - Short Debate 5/6/2009HouseAdded Alternate Co-Sponsor Rep. Joseph M. Lyons 5/12/2009HouseSecond Reading - Short Debate 5/12/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/19/2009HouseThird Reading - Short Debate - Passed 116-000-000 5/19/2009SenatePassed Both Houses 5/19/2009HouseAdded Alternate Chief Co-Sponsor Rep. Jay C. Hoffman 5/19/2009HouseAdded Alternate Chief Co-Sponsor Rep. Donald L. Moffitt 5/19/2009HouseAdded Alternate Chief Co-Sponsor Rep. Jim Sacia 5/19/2009HouseAdded Alternate Co-Sponsor Rep. Shane Cultra 5/19/2009HouseAdded Alternate Co-Sponsor Rep. Jack D. Franks 5/19/2009HouseAdded Alternate Co-Sponsor Rep. Keith Farnham 5/19/2009HouseAdded Alternate Co-Sponsor Rep. Linda Chapa LaVia 6/17/2009SenateSent to the Governor 8/14/2009SenateGovernor Approved 8/14/2009SenateEffective Date August 14, 2009 8/14/2009SenatePublic Act . . . . . . . . . 96-0531