Illinois SB3019 removes net worth restrictions on agricultural loans from the Illinois Finance Authority.
Illinois SB3019 amends the Illinois Finance Authority Act to remove provisions that restrict loans for the purchase of new depreciable agricultural property to natural persons with a net worth over $500,000. The bill allows the Illinois Finance Authority to issue bonds for agricultural loans without the previous net worth limitation. The changes take effect immediately upon becoming law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.