Financial Institutions Committee
Filed: 4/8/2008
 
 

 




 

 		












09500HB4461ham001

LRB095 16260 MJR 48251 a






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AMENDMENT TO HOUSE BILL 4461




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    AMENDMENT NO. ______. Amend House Bill 4461 on page 4, by 
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replacing lines 6 and 7 with the following:
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    "Notwithstanding any other rulemaking authority that may 
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exist, neither the Governor nor any agency or agency head under 
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the jurisdiction of the Governor has any authority to make or 
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promulgate rules to implement or enforce the provisions of this 
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amendatory Act of the 95th General Assembly.  If, however, the 
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Governor believes that rules are necessary to implement or 
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enforce the provisions of this amendatory Act of the 95th 
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General Assembly, the Governor may suggest rules to the General 
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Assembly by filing them with the Clerk of the House and the 
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Secretary of the Senate and by requesting that the General 
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Assembly authorize such rulemaking by law, enact those 
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suggested rules into law, or take any other appropriate action 
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in the General Assembly's discretion.   Nothing contained in this 
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amendatory Act of the 95th General Assembly shall be 
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interpreted to grant rulemaking authority under any other 
 


 






09500HB4461ham001
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LRB095 16260 MJR 48251 a




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Illinois statute where such authority is not otherwise 
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explicitly given.  For the purposes of this amendatory Act of 
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the 95th General Assembly, "rules" is given the meaning 
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contained in Section 1-70 of the Illinois Administrative 
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Procedure Act, and "agency" and "agency head" are given the 
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meanings contained in Sections 1-20 and 1-25 of the Illinois 
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Administrative Procedure Act to the extent that such 
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definitions apply to agencies or agency heads under the 
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jurisdiction of the Governor."; and


 
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by replacing line 22 on page 9 through line 4 on page 10 with 
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the following:
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    "(6) Credit unions may make residential real estate 
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mortgage loans on terms and conditions established by the 
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United States Department of Agriculture through its Rural 
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Development Housing and Community Facilities Program. The 
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portion of any loan in excess of the appraised value of the 
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real estate shall be allocable only to the guarantee fee 
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required under the program."; and
 
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by deleting line 6 on page 10 through line 20 on page 11.