Synopsis As Introduced Amends the Illinois Finance Authority Act. Requires the Authority and the State Fire Marshal to jointly administer a program of zero-interest loans to fire departments and fire protection districts for the construction, rehabilitation, remodeling, and expansion of fire stations and the acquisition of land for the construction and expansion of fire stations. Amends the State Finance Act. Creates the Fire Station Revolving Loan Fund as a special fund in the State treasury for purposes of the loan program. Effective July 1, 2008.
House Committee Amendment No. 1 Removes the requirement for the adoption of implementing rules. Provides that neither the Governor nor any agency or agency head under the jurisdiction of the Governor has any rulemaking authority under the amendatory Act, but that the Governor may suggest rules by filing them with the General Assembly and requesting that the General Assembly authorize such rulemaking by law, enact the suggested rules into law, or take other appropriate action in the General Assembly's discretion.
House Floor Amendment No. 2 Deletes everything after the enacting clause. Reinserts the provisions of House Bill 4645, as amended by House Amendment No. 1, with the following changes: Authorizes (now, requires) the fire station revolving loan program. Provides that the revolving loan program may (now, shall) provide zero-interest loans, and conditions the Authority's lending upon the program receiving funding. Provides that the loan funds may (now, shall) be paid out of the Fire Station Revolving Loan Fund and that the Fund may (now, shall) consist of funds transferred or appropriated into it and loan repayments. Makes the use of the Fund permissive and conditioned upon the program receiving funding. Effective July 1, 2008.