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SB3925 - 104th General Assembly
HOME EQUITY-FLOOD REBATE
Last Action
Statutes Amended In Order of Appearance
65 ILCS 95/11from Ch. 24, par. 1611
Synopsis As Introduced
Amends the Home Equity Assurance Act. Provides that a governing commission may establish a program to provide a one-time per household direct relief payment in the form of a rebate to a member who owns a residence that is subject to flood damage. Provides that the governing commission may establish a limit on the amount of rebates that may be issued under this subsection. Provides that members shall be required to submit qualified receipts to the governing showing costs incurred as a result of flood damage to receive a rebate under the rebate program established under the provisions. Provides that the rebate shall provide up to 50% reimbursement, but shall not exceed $1,000. Provides that the rebate program shall last for 3 years unless reapproved by the governing commission.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/06/2026 | Senate | Filed with Secretary by Sen. Mike Porfirio |
| 2/06/2026 | Senate | First Reading |
| 2/06/2026 | Senate | Referred to Assignments |
| 2/24/2026 | Senate | Assigned to Local Government |
| 3/05/2026 | Senate | Do Pass Local Government; 010-000-000 |
| 3/05/2026 | Senate | Placed on Calendar Order of 2nd Reading March 10, 2026 |
| 3/05/2026 | Senate | Added as Chief Co-Sponsor Sen. Celina Villanueva |
| 3/05/2026 | Senate | Added as Chief Co-Sponsor Sen. Javier L. Cervantes |
| 3/11/2026 | Senate | Second Reading |
| 3/11/2026 | Senate | Placed on Calendar Order of 3rd Reading March 12, 2026 |