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Rep. Elizabeth Hernandez
Filed: 5/5/2010
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09600SB3460ham002 |
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LRB096 20611 ASK 41213 a |
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| AMENDMENT TO SENATE BILL 3460
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| AMENDMENT NO. ______. Amend Senate Bill 3460, AS AMENDED, |
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| in Section 5, Sec. 5-300, by replacing subsec. (b-5) with the |
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| following:
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| "(b-5) When grants are made to non-profit corporations for |
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| the acquisition or construction of new facilities, the Capital |
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| Development Board or any State agency it so designates shall |
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| hold title to or place a lien on the facility for a period of 10 |
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| years after the date of the grant award, after which title to |
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| the facility shall be transferred to the non-profit corporation |
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| or the lien shall be removed, provided that the non-profit |
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| corporation has complied with the terms of its grant agreement. |
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| When grants are made to non-profit corporations for the purpose |
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| of renovation or rehabilitation, if the non-profit corporation |
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| does not comply with item (5) of subsection (b) of this |
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| Section, the Capital Development Board or any State agency it |
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| so designates shall recover the grant pursuant to the |
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| procedures outlined in the Illinois Grant Funds Recovery Act.".
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