92nd General Assembly
Status of HB0732
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 Full Text  Bill Summary

   New Act                                                                     
   20 ILCS 3505/7.89 new                                                       
   20 ILCS 3505/7.90 new                                                       
   20 ILCS 3505/7.91 new                                                       
   20 ILCS 3505/7.92 new                                                       
   20 ILCS 3505/7.93 new                                                       
   20 ILCS 3505/7.94 new                                                       
   20 ILCS 3505/7.95 new                                                       
   20 ILCS 3505/7.96 new                                                       

        Creates the Recyclable Markets Development Act.  Provides  for  a      
   Recyclable   Markets   Development  Advisory  Council  to  review  and      
   recommend applications relating to the manufacturing,  production,  or      
   constructing   of   recyclable   markets  commodities,  buildings,  or      
   facilities that  are  filed  with  the  Illinois  Development  Finance      
   Authority.   Amends  the  Illinois  Development Finance Authority Act.      
   Requires the Authority, upon recommendation of the  Advisory  Council,      
   to   provide  certain  financing  to  recyclable  markets  businesses.      
   Establishes guidelines.  Creates a trust fund in  the  State  Treasury      
   known  as  the  Recyclable Markets Loan Guarantee Fund.  Provides that      
   the  State  Treasurer  is  ex  officio  custodian  of  the  Fund   and      
   establishes obligations of the Fund.  Effective immediately.                
          BALANCED BUDGET NOTE (Bureau of the Budget)                          
          Since HB 732 is not a supplemental appropriation bill, the           
          Balanced Budget Note Act is inapplicable.                            
          STATE DEBT NOTE (Economic and Fiscal Commission)                     
          HB 732 would not affect the level of bonding authorization of        
          the State, and therefore, has no direct impact on the level of       
          State indebtedness.                                                  
          FISCAL NOTE (Development Finance Authority)                          
          The legislation does not reference a funding level from the          
          Authority and without specific information regarding the scale       
          and scope of the proposal or the potential amount available          
          from the Generation Skipping Tax Act, its fiscal effect on           
          IDFA cannot be determined.                                           
   FEB-07-2001  H  FILED WITH CLERK                                               
   FEB-07-2001  H  FIRST READING                                                  
   FEB-07-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-14-2001  H  ADDED AS A JOINT SPONSOR                 TURNER,ART            
   FEB-15-2001  H       ASSIGNED TO COMMITTEE               COMM BUSS DEV         
   FEB-27-2001  H  ADDED AS A CO-SPONSOR                    O'BRIEN               
   MAR-08-2001  H  DO PASS/SHORT DEBATE                     010-000-000   HCBD    
   MAR-08-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAR-13-2001  H                     FISCAL NOTE REQUESTED OSMOND                
   MAR-13-2001  H  BALANCED BUDGET NOTE REQUESTED           OSMOND                
   MAR-13-2001  H  STATE DEBT IMPACT NOTE REQUESTED         OSMOND                
   MAR-13-2001  H  SECOND READING-SHORT DEBATE                                    
   MAR-13-2001  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   MAR-19-2001  H  BALANCED BUDGET NOTE FILED                                     
   MAR-19-2001  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   MAR-20-2001  H  STATE DEBT IMPACT NOTE FILED                                   
   MAR-20-2001  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   MAR-23-2001  H                         FISCAL NOTE FILED                       
   MAR-23-2001  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   APR-04-2001  H                             AMENDMENT NO. 01-HULTGREN           
   APR-04-2001  H                     AMENDMENT REFERRED TO HRUL                  
   APR-04-2001  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   APR-06-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary