State of Illinois
91st General Assembly
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91_HB1247

 
                                               LRB9101473SMpr

 1        AN ACT to amend the Civil Administrative Code of Illinois
 2    by adding Section 46.19k.

 3        Be  it  enacted  by  the People of the State of Illinois,
 4    represented in the General Assembly:

 5        Section 5.  The Civil Administrative Code of Illinois  is
 6    amended by adding Section 46.19k as follows:

 7        (20 ILCS 605/46.19k new)
 8        Sec. 46.19k.  Family loan program.
 9        (a)  From  amounts  appropriated  for  such  purpose, the
10    Department in  consultation  with  the  Department  of  Human
11    Services  shall solicit proposals to establish programs to be
12    known as family loan programs.  Such programs  shall  provide
13    small,  no-interest  loans  to  custodial parents with income
14    below 200% of the federal poverty level and who  are  working
15    or  enrolled in a post-secondary education program, to aid in
16    covering  the  costs  of  unexpected  expenses   that   could
17    interfere  with  their  ability  to  maintain  employment  or
18    continue  education.   Loans  awarded  through  a family loan
19    program may be paid directly to a third party on behalf of  a
20    loan recipient and in either case shall not constitute income
21    or  resources  for the purposes of public assistance and care
22    so long as the funds are used for the intended purpose.
23        (b) The Director shall enter into written agreements with
24    not-for-profit organizations or local government agencies  to
25    administer loan pools.  Agreements shall be entered into with
26    no more than 4 organizations or agencies, no more than one of
27    which shall be located in the city of Chicago.
28        (c)   Program  sites  shall  be  approved  based  on  the
29    demonstrated ability  of  the  organization  or  governmental
30    agency  to  secure  funding  from  private  or public sources
31    sufficient to establish a loan pool to be maintained  through
 
                            -2-                LRB9101473SMpr
 1    repayment  agreements  entered  into  by  eligible low-income
 2    families.   Funds  awarded  by  the  Department  to  approved
 3    program sites shall be  used  for  the  express  purposes  of
 4    covering  staffing  and  administration costs associated with
 5    administering the loan pool.

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