KENNER-BLACK-POE-KLINGLER-SCHOENBERG. (MUNOZ-DUDYCZ) 310 ILCS 10/8.4a new 310 ILCS 10/11 from Ch. 67 1/2, par. 11 310 ILCS 10/17 from Ch. 67 1/2, par. 17 310 ILCS 10/21 from Ch. 67 1/2, par. 21 Amends the Housing Authorities Act. Allows the Authority to issue revenue bonds, make or undertake commitments to make loans, or purchase or make commitments to purchase loans for the purpose of financing the acquisition, construction, equipping, rehabilitation, or refinancing of multifamily rental housing. Provides that the Authority may grant a specific pledge or assignment of and lien on or security interest in income and revenues derived from loan agreements. Allows the Authority to enter into loan agreements, regulatory agreements, and all other instruments or documentation with private borrowers of the proceeds of the Authority's multifamily housing revenue bonds and to accept guaranties from persons having an obligation to the Authority. Makes other changes. Effective immediately. HOUSE AMENDMENT NO. 1. Further amends the Housing Authorities Act. Defines "multifamily rental housing". In the definition of "loan agreement", provides that the term applies to a "multifamily rental housing project" rather than to a "project". SENATE AMENDMENT NO. 1. Further amends the Housing Authorities Act. Deletes language allowing an Authority to issue bonds, make or undertake commitments to make loans, or purchase or make commitments to purchase loans for the purpose of acquiring multifamily rental housing. Limits the ability of an Authority to issue revenue bonds, make or undertake commitments to make loans, or purchase or make commitments to purchase loans for the purpose of financing the construction, equipping, rehabilitation or refinancing of multifamily rental housing, grant a specific pledge or assignment of and lien on or security interest in income and revenues derived from loan agreements, and enter into loan agreements, regulatory agreements, and all other instruments or documentation with private borrowers to Authorities for municipalities having a population in excess of 1,000,000. Requires the Authority to use any proceeds collected for multifamily rental housing located within that municipality. SENATE AMENDMENT NO. 2. Further amends the Housing Authorities Act. Deletes language allowing an Authority to issue bonds, make or undertake commitments to make loans, or purchase or make commitments to purchase loans for the purpose of acquiring multifamily rental housing. Limits the ability of an Authority to issue revenue bonds, make or undertake commitments to make loans, or purchase or make commitments to purchase loans for the purpose of financing the construction, equipping, rehabilitation or refinancing of multifamily rental housing, grant a specific pledge or assignment of and lien on or security interest in income and revenues derived from loan agreements, and enter into loan agreements, regulatory agreements, and all other instruments or documentation with private borrowers to Authorities for municipalities having a population in excess of 1,000,000. Requires the Authority to use any proceeds collected for multifamily rental housing located within that municipality. SENATE AMENDMENT NO. 4. Further amends the Housing Authorities Act. Deletes language allowing an Authority to issue bonds, make or undertake commitments to make loans, or purchase or make commitments to purchase loans for the purpose of acquiring multifamily rental housing. Limits the ability of an Authority to issue revenue bonds, make or undertake commitments to make loans, or purchase or make commitments to purchase loans for the purpose of financing the construction, equipping, rehabilitation or refinancing of multifamily rental housing, grant a specific pledge or assignment of and lien on or security interest in income and revenues derived from loan agreements, and enter into loan agreements, regulatory agreements, and all other instruments or documentation with private borrowers to Authorities for municipalities having a population in excess of 1,000,000. Requires the Authority to use any proceeds collected for multifamily rental housing located within that municipality. FEB-23-2001 H FILED WITH CLERK FEB-23-2001 H FIRST READING FEB-23-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-27-2001 H ASSIGNED TO COMMITTEE STE GOV ADMIN MAR-14-2001 H ADDED AS A JOINT SPONSOR KLINGLER MAR-15-2001 H AMENDMENT NO. 01-STE GOV ADMIN H MAR-15-2001 H ADOPTED MAR-15-2001 H DO PASS AMENDED/SHORT DEBATE 009-000-000 HSGA MAR-15-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-15-2001 H ADDED AS A JOINT SPONSOR BLACK MAR-15-2001 H ADDED AS A JOINT SPONSOR POE MAR-23-2001 H ADDED AS A JOINT SPONSOR SCHOENBERG APR-03-2001 H SECOND READING-SHORT DEBATE APR-03-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE APR-05-2001 H THIRD READING/SHORT DEBATE/PASSED 116-000-000 APR-05-2001 S ARRIVE IN SENATE APR-05-2001 S PLACED CALENDAR ORDER OF FIRST READING 01-04-06 APR-06-2001 S CHIEF SPONSOR MUNOZ APR-06-2001 S ADDED AS A CHIEF CO-SPONSOR DUDYCZ APR-06-2001 S FIRST READING APR-06-2001 S REFERRED TO SENATE RULES COMMITTEE RULES APR-18-2001 S ASSIGNED TO COMMITTEE EXECUTIVE APR-26-2001 S POSTPONED MAY-03-2001 S POSTPONED MAY-09-2001 S AMENDMENT NO. 01-EXECUTIVE S MAY-09-2001 S ADOPTED MAY-10-2001 S DO PASS AS AMENDED 012-000-000 SEXC MAY-10-2001 S PLACED ON CALENDAR ORDER OF 2ND READING 01-05-11 MAY-11-2001 S SECOND READING MAY-11-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-05-14 MAY-16-2001 S FILED WITH SECRETARY MAY-16-2001 S AMENDMENT NO. 02-MUNOZ MAY-16-2001 S -DUDYCZ MAY-16-2001 S AMENDMENT REFERRED TO SRUL MAY-16-2001 S AMENDMENT NO. 02-MUNOZ MAY-16-2001 S -DUDYCZ MAY-16-2001 S BE APPROVED FOR CONSIDERATION SRUL MAY-17-2001 S RECALLED TO SECOND READING MAY-17-2001 S AMENDMENT NO. 02-MUNOZ MAY-17-2001 S -DUDYCZ MAY-17-2001 S ADOPTED MAY-17-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-05-18 MAY-18-2001 S FILED WITH SECRETARY MAY-18-2001 S AMENDMENT NO. 03-MUNOZ MAY-18-2001 S AMENDMENT REFERRED TO SRUL MAY-18-2001 S FINAL PASSAGE DEADLINE EXTENDED-RULE 2-10(E), MAY-18-2001 S TO MAY 31, 2001. MAY-22-2001 S AMENDMENT NO. 03-MUNOZ MAY-22-2001 S BE APPROVED FOR CONSIDERATION SRUL MAY-24-2001 S FILED WITH SECRETARY MAY-24-2001 S AMENDMENT NO. 04-MUNOZ MAY-24-2001 S AMENDMENT REFERRED TO SRUL MAY-24-2001 S AMENDMENT NO. 04-MUNOZ MAY-24-2001 S RULES REFERS TO SEXC MAY-25-2001 S AMENDMENT NO. 04-MUNOZ MAY-25-2001 S BE ADOPTED SEXC/011-000-000 MAY-30-2001 S RECALLED TO SECOND READING MAY-30-2001 S MOTION TO TABLE AMENDMENT - PREVAILED 03 MAY-30-2001 S AMENDMENT NO. 03-MUNOZ MAY-30-2001 S TABLED MAY-30-2001 S AMENDMENT NO. 04-MUNOZ MAY-30-2001 S ADOPTED MAY-30-2001 S PLACED ON CALENDAR ORDER OF 3RD READING MAY-30-2001 S THIRD READING - PASSED 055-000-000 MAY-30-2001 H ARRIVE IN HOUSE MAY-30-2001 H PLACED ON CALENDAR ORDER OF CONCURRENCE 01,02,04 MAY-31-2001 H MOTION FILED CONCUR #1/04/KENNER MAY-31-2001 H MOTION REFERRED TO HRUL MAY-31-2001 H RECOMMENDS BE ADOPTED HRUL/005-000-000 MAY-31-2001 H MOTION FILED NON-CONCUR #2/01,02/KENNER MAY-31-2001 H HSE NON-CONCURS IN SEN AMENDMENTS (NO.) 01,02 MAY-31-2001 H MOTION FILED TO RECONSIDER VOTE BY WHICH THE HOUSE MAY-31-2001 H NON-CONCURRED MAY-31-2001 H -KENNER MAY-31-2001 H MOTION TO RECONSIDER VOTE - PREVAILS MAY-31-2001 H MOTION FILED CONCUR #3/01,02,04/KENNER MAY-31-2001 H MOTION REFERRED TO HRUL MAY-31-2001 H RECOMMENDS BE ADOPTED HRUL/004-000-000 MAY-31-2001 H HSE CONCURS IN SEN AMENDMENTS (NO.) 1,2,4/117-000-000 MAY-31-2001 H PASSED BOTH HOUSES JUN-29-2001 H SENT TO THE GOVERNOR AUG-23-2001 H GOVERNOR APPROVED AUG-23-2001 H EFFECTIVE DATE 01-08-23 AUG-23-2001 H PUBLIC ACT.............................. 92-0481 END OF INQUIRY Full Text Bill Summary