Executive Committee

Adopted in House Comm. on Mar 04, 2004

 

 


 

 


 
09300HB4361ham001 LRB093 18886 NHT 47693 a

1
AMENDMENT TO HOUSE BILL 4361

2     AMENDMENT NO. ______. Amend House Bill 4361 by replacing
3 everything after the enacting clause with the following:
 
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 pubic 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.
 

 

 

09300HB4361ham001 - 2 - LRB093 18886 NHT 47693 a

1     Section 15. Fire Sprinkler Dormitory Revolving Loan
2 Program. The Illinois Finance Authority and the Office of the
3 State Fire Marshal shall jointly administer a fire sprinkler
4 dormitory revolving loan program. The program shall provide
5 low-interest loans for the installation of fire sprinkler
6 systems in college dormitories by post-secondary educational
7 institutions. The loan funds, subject to appropriation, shall
8 be paid out of the Fire Sprinkler Dormitory Revolving Loan
9 Fund, a special fund in the State treasury. The Fund shall
10 consist of any moneys transferred into or appropriated to the
11 Fund as well as all repayments of loans made under this
12 Section. The Fund shall be used for loans to post-secondary
13 educational institutions for the installation of fire
14 sprinkler systems in dormitories and for no other purpose. All
15 interest earned on moneys in the Fund shall be deposited into
16 the Fund.
 
17     Section 20. Student fee surcharge. Post-secondary
18 educational institutions may levy a surcharge on their student
19 fees in order to repay the loan. The post-secondary educational
20 institution shall repay each year at least 5% of the principal
21 amount borrowed or the remaining balance of the loan, whichever
22 is less. All repayments of loans shall be deposited into the
23 Fire Sprinkler Dormitory Revolving Loan Fund.
 
24     Section 25. Rules. The Illinois Finance Authority and the
25 Office of the State Fire Marshal shall each adopt rules to
26 administer the revolving loan program.
 
27
28     Section 30. The State Finance Act is amended by adding
29 Section 5.625 as follows:
 
30     (30 ILCS 105/5.625 new)

 

 

09300HB4361ham001 - 3 - LRB093 18886 NHT 47693 a

1     Sec. 5.625. The Fire Sprinkler Dormitory Revolving Loan
2 Fund.
 
3     Section 99. Effective date. This Act takes effect January
4 1, 2005.".