HB4361 Engrossed LRB093 18886 NHT 44621 b

1     AN ACT concerning higher education.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 1. Short title. This Act may be cited as the Fire
5 Sprinkler Dormitory Act.
 
6     Section 5. Definition. "Post-secondary educational
7 institution" means an Illinois public or private college or
8 university offering degrees and instruction above the high
9 school level. This term does not include any public or private
10 college or university that does not provide on-campus housing
11 for its students in dormitories or equivalent facilities that
12 are owned, operated, or maintained by the public or private
13 college or university. This term does not include (i) any
14 public or private junior or community college or (ii) any
15 institution offering degrees and instruction that uses
16 correspondence as its primary mode of student instruction.
 
17     Section 10. Fire sprinkler systems required. Subject to the
18 establishment of a fire sprinkler dormitory revolving loan
19 program under Section 15 of this Act, fire sprinkler systems
20 are required in the dormitories of all post-secondary
21 educational institutions by 2013. This includes current
22 structures as well as newly constructed dormitories.
 
23     Section 15. Fire Sprinkler Dormitory Revolving Loan
24 Program. The Illinois Finance Authority and the Office of the
25 State Fire Marshal shall jointly administer a fire sprinkler
26 dormitory revolving loan program. The program shall provide
27 low-interest loans for the installation of fire sprinkler
28 systems in college dormitories by post-secondary educational
29 institutions. The loan funds, subject to appropriation, shall
30 be paid out of the Fire Sprinkler Dormitory Revolving Loan

 

 

HB4361 Engrossed - 2 - LRB093 18886 NHT 44621 b

1 Fund, a special fund in the State treasury. The Fund shall
2 consist of any moneys transferred into or appropriated to the
3 Fund as well as all repayments of loans made under this
4 Section. The Fund shall be used for loans to post-secondary
5 educational institutions for costs associated with the
6 installation of fire sprinkler systems in dormitories and for
7 no other purpose. All interest earned on moneys in the Fund
8 shall be deposited into the Fund.
 
9     Section 25. Rules. The Illinois Finance Authority and the
10 Office of the State Fire Marshal shall adopt rules to
11 administer the revolving loan program.
 
12
13     Section 30. The State Finance Act is amended by adding
14 Section 5.625 as follows:
 
15     (30 ILCS 105/5.625 new)
16     Sec. 5.625. The Fire Sprinkler Dormitory Revolving Loan
17 Fund.
 
18     Section 99. Effective date. This Act takes effect January
19 1, 2005.