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[ House Amendment 001 ] |
92_HB3029 LRB9204659JMcs 1 AN ACT concerning elections. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Election Code is amended by adding 5 Section 1A-20 as follows: 6 (10 ILCS 5/1A-20 new) 7 Sec. 1A-20. Equipment upgrade loan program. For a 8 period of 5 years after the effective date of this amendatory 9 Act of the 92nd General Assembly, from funds appropriated for 10 this purpose, the State Board of Elections shall develop and 11 implement a program of low-interest loans to election 12 authorities for upgrading election equipment. The interest 13 rate charged shall equal one-half the State's general 14 obligation bond rate at the time of the loan. The State Board 15 shall adopt rules necessary for the implementation of this 16 Section.