Amends the Credit Agreements Act. Provides that specified provisions shall not constitute a defense to a claim that arises out of bad faith conduct intended to unjustly benefit a creditor or a third party. Provides that the mere failure by a creditor to enter into a credit agreement with or to provide a written commitment to a debtor, without more, shall not constitute bad faith under specified provisions. Provides for the legislative intent of the General Assembly and that certain provisions apply to pending actions as well as actions commenced on or after the effective date of the amendatory Act. Effective immediately.
Sponsored bills
Congratulates the Harper College Wrestling squad, the Hawks, on winning the 2010 NJCAA Championship on February 27, 2010 in Des Moines, Iowa.
Amends the Counties Code. Provides that the Cook County Board of Commissioners may override a veto by the County Board President by an affirmative vote of three-fifths of its members (instead of four-fifths). Effective immediately.
Mourns the death of Carl R. Hansen of Mount Prospect.
Congratulates the members of the Conant High School cheerleading team for winning the IHSA State championship in the competitive cheerleading finals.
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Makes a technical change in a Section concerning the short title.
Amends the State Commemorative Dates Act. Provides that Veterans Day honors the victory in all wars of all United States Armed Forces (now, United States Army, Navy, and Air Force).
Amends the Deposit of State Moneys Act. Authorizes investment in repurchase agreements of government securities having the meaning set out in the Government Securities Act of 1986,"as now or hereafter amended or succeeded". Effective immediately.
Amends the Gender-Neutral Statutes Commission Act. Makes a technical change in a Section concerning the Commission's duties.
Amends the Victims' Economic Security and Safety Act. Makes a technical change in a Section concerning posting of certain notices.