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Bill > HB5577


IL HB5577

IL HB5577
$DEPT AGR-FARM DP GRANT


summary

Introduced
02/06/2026
In Committee
02/13/2026
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Appropriates $2,000,000 from the General Revenue Fund to the Department of Agriculture for the Illinois Down Payment Assistant Grant Program to offer grants for eligible applicants purchasing their first farms in the State. Effective July 1, 2026.

AI Summary

This bill appropriates $2,000,000 from the state's General Revenue Fund, which is the main fund for state government operations, to the Department of Agriculture for the Illinois Down Payment Assistant Grant Program; this program will provide financial assistance in the form of grants to individuals who are buying their first farm in Illinois, helping them with the initial down payment. The bill also specifies that this new funding and program will become effective on July 1, 2026.

Sponsors (1)

Last Action

Referred to Rules Committee (on 02/13/2026)

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