SB2159 amends the Illinois Finance Authority Act to modify the Illinois Agricultural Loan Guarantee Fund and the Illinois Farmer and Agribusiness.
SB2159 amends the Illinois Finance Authority Act to modify the Illinois Agricultural Loan Guarantee Fund and the Illinois Farmer and Agribusiness Loan Guarantee Fund. The bill allows the moneys in these funds to be used by the Illinois Finance Authority for certain purposes. It also establishes rules for the eligibility of farmers, agribusinesses, and lenders to participate in the State Guarantee program and the terms, standards, and procedures that will apply. The bill sets limits on the amount and duration of State Guarantees and requires annual reviews and renewals.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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