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90_HB2585 415 ILCS 5/19.3 from Ch. 111 1/2, par. 1019.3 Amends the Environmental Protection Act. Makes technical changes in the Section concerning the Water Revolving Fund. LRB9009288LDmb LRB9009288LDmb 1 AN ACT to amend the Environmental Protection Act by 2 changing Section 19.3. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The Environmental Protection Act is amended 6 by changing Section 19.3 as follows: 7 (415 ILCS 5/19.3) (from Ch. 111 1/2, par. 1019.3) 8 Sec. 19.3. Water Revolving Fund. 9 (a) There is hereby created within the State Treasury a 10 Water Revolving Fund, consisting of 3 interest-bearing 11 special programs to be known as the Water Pollution Control 12 Loan Program, the Public Water Supply Loan Program, and the 13 Loan Support Program, which shall be used and administered by 14 the Agency. 15 (b) The Water Pollution Control Loan Program shall be 16 used and administered by the Agency to provide assistance to 17 local government units for the following public purposes: 18 (1) to accept and retain funds from grant awards, 19 appropriations, transfers, and payments of interest and 20 principal; 21 (2) to make direct loans at or below market 22 interest rates to any eligible local government unit to 23 finance the construction of wastewater treatments works; 24 (3) to make direct loans at or below market 25 interest rates to any eligible local government unit to 26 buy or refinance debt obligations for treatment works 27 incurred after March 7, 1985; 28 (4) to guarantee or purchase insurance for local 29 obligations where thatsuchaction would improve credit 30 market access or reduce interest rates; 31 (5) as a source of revenue or security for the -2- LRB9009288LDmb 1 payment of principal and interest on revenue or general 2 obligation bonds issued by the State, if the proceeds of 3 thosesuchbonds will be deposited in the Fund; 4 (6) to finance the reasonable costs incurred by the 5 Agency in the administration of the Fund; and 6 (7) to transfer funds to the Public Water Supply 7 Loan Program. 8 (c) The Loan Support Program shall be used and 9 administered by the Agency for the following purposes: 10 (1) to accept and retain funds from grant awards 11 and appropriations; 12 (2) to finance the reasonable costs incurred by the 13 Agency in the administration of the Fund, including 14 activities under Title III of this Act, including the 15 administration of the State construction grant program; 16 (3) to transfer funds to the Water Pollution 17 Control Loan Program and the Public Water Supply Loan 18 Program; 19 (4) to accept and retain a portion of the loan 20 repayments; 21 (5) to finance the development of the low interest 22 loan program for public water supply projects; 23 (6) to finance the reasonable costs incurred by the 24 Agency to provide technical assistance for public water 25 supplies; and 26 (7) to finance the reasonable costs incurred by the 27 Agency for public water system supervision programs, to 28 administer or provide for technical assistance through 29 source water protection programs, to develop and 30 implement a capacity development strategy, to delineate 31 and assess source water protection areas, and for an 32 operator certification program in accordance with Section 33 1452 of the federal Safe Drinking Water Act. 34 (d) The Public Water Supply Loan Program shall be used -3- LRB9009288LDmb 1 and administered by the Agency to provide assistance to local 2 government units for public water supplies for the following 3 public purposes: 4 (1) to accept and retain funds from grant awards, 5 appropriations, transfers, and payments of interest and 6 principal; 7 (2) to make direct loans at or below market 8 interest rates to any eligible local government unit to 9 finance the construction of public water supplies; 10 (3) to buy or refinance the debt obligation of a 11 local government unit for costs incurred on or after the 12 effective date of this amendatory Act of 1997; 13 (4) to guarantee local obligations where such 14 action would improve credit market access or reduce 15 interest rates; 16 (5) as a source of revenue or security for the 17 payment of principal and interest on revenue or general 18 obligation bonds issued by the State, if the proceeds of 19 thosesuchbonds will be deposited into the Fund; and 20 (6) to transfer funds to the Water Pollution 21 Control Loan Program. 22 (e) The Agency is designated as the administering 23 agency of the Fund. The Agency shall submit to the Regional 24 Administrator of the United States Environmental Protection 25 Agency an intended use plan which outlines the proposed use 26 of funds available to the State. The Agency shall take all 27 actions necessary to secure to the State the benefits of the 28 federal Water Pollution Control Act and the federal Safe 29 Drinking Water Act, as now or hereafter amended. 30 (Source: P.A. 89-27, eff. 1-1-96; 90-121, eff. 7-17-97.)