Illinois HB 5419: FINANCE-AGRICULTURAL BORROWER

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB5419

Introduced 2/13/2026, by Rep. Ann M. Williams 

SYNOPSIS AS INTRODUCED:

20 ILCS 3501/830-20

 Amends the Illinois Finance Authority Act. Provides that the maximum amount of notes or bonds that may be issued by the Illinois Finance Authority for any one agricultural real estate borrower may be increased by a higher amount than currently allowed if a higher amount is permitted by statute or regulation. In provisions concerning agricultural assistance loans, removes provisions providing that no proceeds from any bonds issued by the Illinois Finance Authority shall be loaned for the purchase of new depreciable agricultural property to any natural person who has a net worth in excess of $500,000. Effective immediately.

LRB104 20257 HLH 33708 b

A BILL FOR

HB5419LRB104 20257 HLH 33708 b

1 AN ACT concerning finance.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Finance Authority Act is amended 

5by changing Section 830-20 as follows:

6 (20 ILCS 3501/830-20)

7 Sec. 830-20. The Authority may not pass a resolution 

8authorizing the issuance of any notes or bonds in excess of 

9$450,000 for any one agricultural real estate borrower. In any 

10calendar year after 2007, the $450,000 amount shall be 

11increased by an amount equal to such dollar amount multiplied 

12by the inflation percentage determined under Section 305(c) of 

13the federal Consolidated Farm and Rural Development Act (7 

14U.S.C. 1925) as of June 18, 2008, unless a higher amount is 

15permitted by statute or regulation. Any increase determined 

16under the preceding sentence shall be rounded to the nearest 

17multiple of