Illinois HB5419 amends the Illinois Finance Authority Act to increase the maximum amount of notes or bonds for agricultural borrowers and removes.
Illinois HB5419 amends the Illinois Finance Authority Act to allow for higher maximum amounts of notes or bonds for agricultural borrowers, provided it is permitted by statute or regulation. It also removes the restriction on loaning proceeds from bonds for the purchase of new depreciable agricultural property to natural persons with a net worth over $500,000. The changes apply immediately upon enactment.
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