SB2306: IFA-CLIMATE RESILIENCE PROJECT

Legislative Summary

Reinserts the provisions of the introduced bill with changes. Adds additional provisions concerning climate resilience projects. Further amends the Illinois Finance Authority Act. Provides that the Illinois Finance Authority may finance or refinance any accounts receivable, working capital, liability, or insurance or noncapital cost or operating expense for any unit of government, participating health institution, private institution of higher education, academic institution, cultural institution, or other person authorized to borrow funds from the Authority pursuant to the Act. Provides that those agreements are included in the definitions of "lease agreement" and "loan agreement" under the Act. Effective immediately.