IL FINANCE AUTHORITY Senate SponsorsSen. Dan Cronin 1/12/2011SenateSession Sine Die 20 ILCS 3501/801-1020 ILCS 3501/801-1520 ILCS 3501/801-20 new20 ILCS 3501/801-2520 ILCS 3501/845-520 ILCS 3501/845-1020 ILCS 3501/845-4020 ILCS 3501/845-4520 ILCS 3501/845-50Amends the Illinois Finance Authority Act. Replaces the existing governing board of the Authority with 4 new governing boards, appointed by the Governor with the advice and consent of the Senate. Gives each new governing board jurisdiction over certain specified programs of the Authority. Provides that certain actions affecting more than one governing board must be taken by the affected boards acting jointly. Replaces the Executive Director of the Authority with 4 new executive directors, one appointed by each of the governing boards. Contains provisions relating to officers, employees, finance, and the issuance of bonds. Provides that the change in governing boards does not affect any existing obligation of the Authority, or any existing bond or other instrument of indebtedness of the Authority or any of its Predecessor Authorities, or the rights of any bondholder. Includes other conforming and savings provisions. Effective January 1, 2010. 2/20/2009SenateFiled with Secretary by Sen. Dan Cronin 2/20/2009SenateFirst Reading 2/20/2009SenateReferred to Assignments 3/4/2009SenateAssigned to Executive 3/12/2009SenateTo Executive Subcommittee on State And Local Government 3/13/2009SenateRule 2-10 Committee Deadline Established As April 3, 2009 3/26/2009SenatePostponed - Executive; Subcommittee on State and Local Governments 4/3/2009SenateRule 3-9(a) / Re-referred to Assignments 1/12/2011SenateSession Sine Die