MADIGAN,MJ. (DELEO-MOLARO) 65 ILCS 95/11 from Ch. 24, par. 1611 Amends the Home Equity Assurance Act concerning guarantee funds. Makes a technical change. HOUSE AMENDMENT NO. 1. Deletes everything. Amends the Home Equity Assurance Act. Authorizes the governing commission of a Home Equity Program to establish a Low Interest Home Improvement Loan Program to be administered with funds from the Guaranteed Home Equity Program. Provides that the cumulative total of all loans and loan guarantees under the program may not exceed one-quarter of the aggregate balance of the taxes collected under the Guaranteed Home Equity Program. Establishes requirements for applicants, loan purposes, loan amounts, fees, and interest rates. HOUSE AMENDMENT NO. 2. Provides that a governing commission, with no less than $4,000,000 in its guarantee fund, may by majority resolution establish a Low Interest Home Improvement Loan Program. SENATE AMENDMENT NO. 1. Provides that a governing commission may, by referendum (instead of resolution), establish a Low Interest Home Improvement Loan Program according to and subject to procedures established by a financial institution. Provides that at any given time, the cumulative total of all loans and loan guarantees issued under the program may not reduce the balance of the guarantee fund to less than $3,000,000 (instead of may not exceed one-quarter of the aggregate balance of the taxes collected under the Guaranteed Home Equity Program). Deletes the amendatory provision allowing an applicant to participate more than once in the loan program. 99-02-11 H FILED WITH CLERK 99-02-11 H FIRST READING 99-02-11 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-17 H ASSIGNED TO COMMITTEE LOCAL GOVT 99-02-26 H AMENDMENT NO. 01-LOCAL GOVT H 99-02-26 H ADOPTED 99-02-26 H DO PASS AMENDED/SHORT DEBATE 009-000-000 HLGV 99-02-26 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-03-12 H AMENDMENT NO. 02-MADIGAN,MJ 99-03-12 H AMENDMENT REFERRED TO HRUL 99-03-12 H RECOMMENDS BE ADOPTED HRUL 99-03-12 H CALENDAR ORDER 2ND READING-SHORT DEBATE 99-03-16 H SECOND READING-SHORT DEBATE 99-03-16 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 99-03-17 H AMENDMENT NO. 02-MADIGAN,MJ 99-03-17 H ADOPTED 99-03-17 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-03-19 H THIRD READING/SHORT DEBATE/PASSED 114-003-001 99-03-22 S ARRIVE IN SENATE 99-03-22 S PLACED CALENDAR ORDER OF FIRST READING 99-03-23 99-03-23 S CHIEF SPONSOR DELEO 99-03-23 S FIRST READING 99-03-23 S REFERRED TO SENATE RULES COMMITTEE RULES 99-04-20 S ASSIGNED TO COMMITTEE EXECUTIVE 99-04-29 S POSTPONED 99-05-04 S ADDED AS A CHIEF CO-SPONSOR MOLARO 99-05-06 S AMENDMENT NO. 01-EXECUTIVE S 99-05-06 S ADOPTED 99-05-06 S DO PASS AS AMENDED 012-000-000 SEXC 99-05-06 S PLACED ON CALENDAR ORDER OF 2ND READING 99-05-07 99-05-07 S SECOND READING 99-05-07 S PLACED ON CALENDAR ORDER OF 3RD READING 99-05-11 99-05-11 S THIRD READING - PASSED 059-000-000 99-05-11 H ARRIVE IN HOUSE 99-05-11 H PLACED ON CALENDAR ORDER OF CONCURRENCE 01 99-05-18 H MOTION FILED CONCUR 01/MADIGAN,MJ 99-05-18 H MOTION REFERRED TO HRUL 99-05-18 H BE APPROVED FOR CONSIDERATION 01/HRUL 99-05-18 H CALENDAR ORDER OF CONCURRENCE 01 99-05-19 H HSE CONCURS IN SEN AMENDMENTS (NO.) 01/117-000-000 99-05-19 H PASSED BOTH HOUSES 99-06-17 H SENT TO THE GOVERNOR 99-08-13 H GOVERNOR APPROVED 99-08-13 H EFFECTIVE DATE 00-01-01 99-08-13 H PUBLIC ACT.............................. 91-0492 END OF INQUIRY Full Text Bill Summary