103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3959 Introduced , by Rep. Mark L. Walker SYNOPSIS AS INTRODUCED: 20 ILCS 3501/845-7 new Amends the Illinois Finance Authority Act. Provides that the Authority is prohibited from requiring an organization or company that receives funding from the Authority to procure a bond. Provides that all bond provisions in existing contracts between the Authority and an organization or company are unenforceable. LRB103 31051 DTM 57669 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3959 Introduced , by Rep. Mark L. Walker SYNOPSIS AS INTRODUCED: 20 ILCS 3501/845-7 new 20 ILCS 3501/845-7 new Amends the Illinois Finance Authority Act. Provides that the Authority is prohibited from requiring an organization or company that receives funding from the Authority to procure a bond. Provides that all bond provisions in existing contracts between the Authority and an organization or company are unenforceable. LRB103 31051 DTM 57669 b LRB103 31051 DTM 57669 b A BILL FOR
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3959 Introduced , by Rep. Mark L. Walker SYNOPSIS AS INTRODUCED:
20 ILCS 3501/845-7 new 20 ILCS 3501/845-7 new
20 ILCS 3501/845-7 new
Amends the Illinois Finance Authority Act. Provides that the Authority is prohibited from requiring an organization or company that receives funding from the Authority to procure a bond. Provides that all bond provisions in existing contracts between the Authority and an organization or company are unenforceable.
LRB103 31051 DTM 57669 b LRB103 31051 DTM 57669 b
LRB103 31051 DTM 57669 b
A BILL FOR
HB3959LRB103 31051 DTM 57669 b HB3959 LRB103 31051 DTM 57669 b
HB3959 LRB103 31051 DTM 57669 b
1 AN ACT concerning finance.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Finance Authority Act is amended
5 by adding Section 845-7 as follows:
6 (20 ILCS 3501/845-7 new)
7 Sec. 845-7. Bond unenforceability. Notwithstanding any
8 provision of law, the Authority is prohibited from requiring
9 an organization or company that receives funding from the
10 Authority to procure a bond. All such bond provisions in
11 existing contracts between the Authority and an organization
12 or company are unenforceable.
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3959 Introduced , by Rep. Mark L. Walker SYNOPSIS AS INTRODUCED:
20 ILCS 3501/845-7 new 20 ILCS 3501/845-7 new
20 ILCS 3501/845-7 new
Amends the Illinois Finance Authority Act. Provides that the Authority is prohibited from requiring an organization or company that receives funding from the Authority to procure a bond. Provides that all bond provisions in existing contracts between the Authority and an organization or company are unenforceable.
LRB103 31051 DTM 57669 b LRB103 31051 DTM 57669 b
LRB103 31051 DTM 57669 b
A BILL FOR
20 ILCS 3501/845-7 new
LRB103 31051 DTM 57669 b
HB3959 LRB103 31051 DTM 57669 b