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HB 185 Illinois House · 93rd Regular Session

TREASURER-ROAD GRADER LOANS

Summary
Amends the State Treasurer Act. Provides that the Treasurer shall administer a road grader revolving loan program to provide loans to units of local government for the purchase of road graders that are manufactured in the United States of America. Provides that the Treasurer shall determine eligibility for the loans based on need as determined by the Treasurer, and that the loan funds, subject to appropriation, shall be paid out of the Road Grader Revolving Loan Fund, a special fund in the State treasury. Provides that (i) the aggregate outstanding principal amount of loans to any one unit of local government for the purchase of road graders may not exceed $350,000; (ii) the repayment period for the loan may not exceed 15 years; and (iii) the unit of local government must repay each year at least 5% of the principal amount borrowed or the remaining balance of the loan, whichever is less. Provides that the the loan interest is 1% annually. Provides that the Treasurer must adopt rules to administer the program. Amends the State Finance Act to create the Fund.
Bill status failed 3 of 5 stages cleared
Introduction
Apr 2003
Committee Review
May 2003
House Passage
Apr 2003
Senate Passage
Governor
Introduced Apr 4, 2003 Last action Jan 11, 2005
Floor votes · House Apr 3, 2003

How they voted

107–0
Passed · 1 other
Total votes 108
Apr 3, 2003
D Democratic60
59 Yea 1
98% Yea
R Republican48
48 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
32
Key actions
4
Committee
9
Amendments
4
May 2, 2003
Committee
Rule 3-9(a) / Re-referred to Rules
upper
Apr 16, 2003
Committee
Assigned to Transportation
upper
Apr 4, 2003
Committee
Referred to Rules
upper
Apr 4, 2003
Introduced
Arrive in Senate
upper
Apr 3, 2003
Amended
House Floor Amendment No. 1 Tabled Pursuant to Rule 40(a)
lower
Apr 3, 2003
House · Passed
House Vote: pass (107-0-1)
house
Apr 1, 2003
Lower · Passed
House Floor Amendment No. 2 Adopted by Voice Vote
lower
Mar 11, 2003
Lower · Passed
House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000
lower
Mar 6, 2003
Committee
House Floor Amendment No. 2 Referred to Rules Committee
lower
Mar 6, 2003
Introduced
House Floor Amendment No. 2 Filed with Clerk by Rep. Donald L. Moffitt
lower
Mar 4, 2003
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
Mar 4, 2003
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. Donald L. Moffitt
lower
Jan 30, 2003
Lower · Passed
Do Pass / Short Debate State Government Administration Committee; 010-000-000
lower
Jan 23, 2003
Committee
Assigned to State Government Administration Committee
lower
Jan 16, 2003
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.