093_HB0222ham001
LRB093 04397 BDD 12877 a
1 AMENDMENT TO HOUSE BILL 222
2 AMENDMENT NO. . Amend House Bill 222 by replacing
3 everything after the enacting clause with the following:
4 "Section 5. The Adoption Act is amended by adding
5 Section 18.9 as follows:
6 (750 ILCS 50/18.9 new)
7 Sec. 18.9. Adoption incentive loans. In accordance with
8 the powers granted under Section 7 of the Deposit of State
9 Moneys Act regarding community development programs, the
10 State Treasurer may require adoption agencies and the
11 Department of Children and Family Services to provide to the
12 Treasurer any information that he or she deems necessary to
13 promulgate rules for and administer an adoption incentive
14 loan program, by which the Treasurer may, in his or her
15 discretion, accept a proposal from an eligible financial
16 institution that provides for a reduced rate of interest if
17 the institution documents the use of all or an agreed part of
18 the deposited funds for loans to assist in the payment of
19 adoption-related expenses of Illinois citizens seeking the
20 adoption of children under the jurisdiction of the Department
21 of Children and Family Services or of children placed through
22 a tax-exempt, not-for-profit adoption agency. These expenses
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1 may include, without limitation, placement agency fees, legal
2 fees that are the responsibility of the adoptive parent, and
3 an adoptee's medical or other support costs that are the
4 responsibility of the adoptive parent.".