Bill > HB1985

This bill appropriates a minimal sum of $2 from the General Revenue Fund (GRF) to the Illinois Finance Authority (IFA) to cover its ordinary and contingent expenses for fiscal year 2026, with the appropriation becoming effective on July 1, 2025. The Illinois Finance Authority is a state agency responsible for providing financial assistance and support to various economic development projects and businesses in Illinois. While the appropriation amount is extremely small, which is unusual, the bill follows standard legislative appropriations procedures by specifying the funding source, recipient, purpose, and effective date. The bill appears to be a technical or placeholder appropriation that may be part of a broader budgeting process.

Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1985&GAID=18&DocTypeID=HB&SessionID=114&GA=104