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90_HB2868
20 ILCS 1305/10-30 new
Amends the Department of Human Services Act to allow the
Department to enter into a contract with a qualified
statewide not-for-profit community development financial
institution to establish a revolving loan program to assist
not-for-profit organizations that have purchase of service
contracts with the State in maintaining and improving their
facilities. Effective immediately.
LRB9009923NTsb
LRB9009923NTsb
1 AN ACT to amend the Department of Human Services Act by
2 adding Section 10-30.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Department of Human Services Act is
6 amended by adding Section 10-30 as follows:
7 (20 ILCS 1305/10-30 new)
8 Sec. 10-30. Revolving loan program to maintain and
9 improve not-for-profit organizations' facilities.
10 (a) The Department, after soliciting a request for
11 proposals and subject to appropriation, shall contract with a
12 qualified statewide not-for-profit community development
13 financial institution to establish a revolving loan program
14 for the purpose of assisting Illinois not-for-profit
15 organizations that qualify as exempt under Section 501(c)(3)
16 of the Internal Revenue Code and have purchase of service
17 contracts with the State to maintain and improve their
18 facilities. A qualified statewide not-for-profit community
19 development financial institution is one that has been in
20 existence for at least 7 years prior to the effective date of
21 this amendatory Act of 1998 and has assets in excess of
22 $25,000,000.
23 (b) The revolving loan program established by the
24 community development financial institution shall be a
25 statewide program. Equal consideration shall be given to
26 loan applications throughout the State. Before making any
27 loans under the revolving loan program, the community
28 development financial institution shall develop a plan to
29 seek out qualified loan applications throughout the State.
30 (c) The contract shall require all of the following:
31 (1) All principal shall be used by the statewide
-2- LRB9009923NTsb
1 not-for-profit community development financial
2 institution to make loans to qualifying borrowers, to
3 serve as collateral for borrowers, and to leverage other
4 private funds.
5 (2) A Department representative chosen by the
6 Secretary of Human Services shall participate in
7 screening applicants.
8 (3) Repaid principal shall be used for the same
9 purpose as provided in item (1) of this subsection (c).
10 (d) This revolving loan program shall be used for the
11 following purposes:
12 (1) To assist not-for-profit organizations
13 identified in subsection (a) of this Section in meeting
14 regulatory standards.
15 (2) To enable not-for-profit organizations
16 identified in subsection (a) of this Section to comply
17 with the Americans with Disabilities Act.
18 (3) To enable not-for-profit organizations
19 identified in subsection (a) of this Section to remove
20 lead and asbestos from their buildings.
21 (4) To encourage not-for-profit organizations
22 identified in subsection (a) of this Section to
23 voluntarily make capital improvements for the purposes of
24 maintenance, repair and replacement, and preventive
25 maintenance of their facilities, such as improvements to
26 heating and cooling systems and structural items
27 necessary to comply with applicable building codes.
28 Section 99. Effective date. This Act takes effect upon
29 becoming law.