Illinois General Assembly - Bill Status for HB4397

Synopsis As Introduced
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that, subject to appropriation, the Department shall establish and administer a guardsman and reservist homebuyer assistance program. Authorizes an eligible applicant of the program to apply to the Department for financial assistance for a portion of the down payment on the purchase of a house. Provides that the financial assistance shall not exceed 10% of the purchase price of the house and shall be in the form of a grant and that an eligible applicant may apply for financial assistance up to 3 years following the completion of active duty. Defines "eligible applicant". Authorizes the Department to adopt necessary rules for the program. Effective July 1, 2006

House Committee Amendment No. 1

	Deletes reference to:
	20 ILCS 605-955 new

	Adds reference to:
	20 ILCS 3805/7.29 new

Deletes everything after the enacting clause. Amends the Illinois Housing Development Act to provide that the National Guard and Reservist homebuyer assistance program shall be administered by the Illinois Housing Development Authority. Sets forth that financial assistance under the program (i) shall not exceed 10% of the first $100,000 of the purchase price of the house, (ii) shall not exceed 5% of any amount of the purchase price in excess of $100,000, (iii) shall not exceed a total of $15,000, and (iv) shall be in the form of a grant to the approved eligible applicant. Provides that an "eligible applicant" means a member of the Illinois National Guard or the reserves of the Armed Forces of the United States called to active duty after September 11, 2001 who is a legal resident of the State of Illinois and who was a legal resident of this State when called to active duty. Effective July 1, 2006.

House Floor Amendment No. 2
Provides that eligible applicants may apply to a lender approved by the Authority for the program assistance (instead of applying to the Authority).

Actions

Date	Chamber	Action
1/5/2006	House	Filed with the Clerk by Rep. Ronald A. Wait
1/10/2006	House	First Reading
1/10/2006	House	Referred to Rules Committee
1/18/2006	House	Assigned to State Government Administration Committee
2/1/2006	House	House Committee Amendment No. 1 Filed with Clerk by State Government Administration Committee
2/1/2006	House	House Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote
2/1/2006	House	Do Pass as Amended / Short Debate State Government Administration Committee; 007-000-000
2/1/2006	House	Placed on Calendar 2nd Reading - Short Debate
2/7/2006	House	Second Reading - Short Debate
2/7/2006	House	Placed on Calendar Order of 3rd Reading - Short Debate
2/8/2006	House	Recalled to Second Reading - Short Debate
2/8/2006	House	Held on Calendar Order of Second Reading - Short Debate
2/15/2006	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Ronald A. Wait
2/15/2006	House	House Floor Amendment No. 2 Referred to Rules Committee
2/15/2006	House	Added Co-Sponsor Rep. Linda Chapa LaVia
2/15/2006	House	Added Co-Sponsor Rep. John D'Amico
2/21/2006	House	House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000
2/21/2006	House	House Floor Amendment No. 2 Adopted by Voice Vote
2/21/2006	House	Placed on Calendar Order of 3rd Reading - Short Debate
2/21/2006	House	Added Chief Co-Sponsor Rep. Tom Cross
2/22/2006	House	Added Chief Co-Sponsor Rep. Thomas Holbrook
2/22/2006	House	Third Reading - Short Debate - Passed 111-000-000
2/22/2006	Senate	Arrive in Senate
2/22/2006	Senate	Placed on Calendar Order of First Reading February 23, 2006
3/1/2006	House	Added Co-Sponsor Rep. Naomi D. Jakobsson
3/1/2006	House	Added Co-Sponsor Rep. Terry R. Parke
3/1/2006	House	Added Co-Sponsor Rep. Aaron Schock
3/1/2006	House	Added Co-Sponsor Rep. Jim Sacia
3/1/2006	House	Added Co-Sponsor Rep. David R. Leitch
3/1/2006	House	Added Co-Sponsor Rep. Raymond Poe
3/1/2006	House	Added Co-Sponsor Rep. Renee Kosel
3/1/2006	House	Added Co-Sponsor Rep. Jim Watson
3/1/2006	House	Added Co-Sponsor Rep. Harry R. Ramey, Jr.
3/1/2006	Senate	Chief Senate Sponsor Sen. John J. Cullerton
3/2/2006	Senate	First Reading
3/2/2006	Senate	Referred to Rules
3/8/2006	Senate	Added as Alternate Co-Sponsor Sen. Cheryl Axley
1/9/2007	House	Session Sine Die

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