HB4361ham001 93RD GENERAL ASSEMBLY

Executive Committee

Adopted in House Comm. on Mar 04, 2004

09300HB4361ham001 LRB093 18886 NHT 47693 a

AMENDMENT TO HOUSE BILL 4361

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

"Section 1. Short title. This Act may be cited as the Fire Sprinkler Dormitory Act.

Section 5. Definition. "Post-secondary educational institution" means an Illinois public or private college or university offering degrees and instruction above the high school level. This term does not include any public or private college or university that does not provide on-campus housing for its students in dormitories or equivalent facilities that are owned, operated, or maintained by the pubic or private college or university. This term does not include (i) any public or private junior or community college or (ii) any institution offering degrees and instruction that uses correspondence as its primary mode of student instruction.

Section 10. Fire sprinkler systems required. Subject to the establishment of a fire sprinkler dormitory revolving loan program under Section 15 of this Act, fire sprinkler systems are required in the dormitories of all post-secondary educational institutions by 2013. This includes current structures as well as newly constructed dormitories.

Section 15. Fire Sprinkler Dormitory Revolving Loan Program. The Illinois Finance Authority and the Office of the State Fire Marshal shall jointly administer a fire sprinkler dormitory revolving loan program. The program shall provide low-interest loans for the installation of fire sprinkler systems in college dormitories by post-secondary educational institutions. The loan funds, subject to appropriation, shall be paid out of the Fire Sprinkler Dormitory Revolving Loan Fund, a special fund in the State treasury. The Fund shall consist of any moneys transferred into or appropriated to the Fund as well as all repayments of loans made under this Section. The Fund shall be used for loans to post-secondary educational institutions for the installation of fire sprinkler systems in dormitories and for no other purpose. All interest earned on moneys in the Fund shall be deposited into the Fund.

Section 20. Student fee surcharge. Post-secondary educational institutions may levy a surcharge on their student fees in order to repay the loan. The post-secondary educational institution shall repay each year at least 5% of the principal amount borrowed or the remaining balance of the loan, whichever is less. All repayments of loans shall be deposited into the Fire Sprinkler Dormitory Revolving Loan Fund.

Section 25. Rules. The Illinois Finance Authority and the Office of the State Fire Marshal shall each adopt rules to administer the revolving loan program.

Section 30. The State Finance Act is amended by adding Section 5.625 as follows:

(30 ILCS 105/5.625 new)

Sec. 5.625. The Fire Sprinkler Dormitory Revolving Loan Fund.

Section 99. Effective date. This Act takes effect January 1, 2005.".