IL SB3458 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 8 2024 - 25% progression
Action: 2024-05-17 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 8 2024 - 25% progression
Action: 2024-05-17 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Resilient Illinois Revolving Loan Fund Act. Establishes the Resilient Illinois Revolving Loan Fund as a special fund in the State treasury. Provides that moneys in the Fund shall be used to provide low-interest or no-interest loans to counties and nonprofit organizations for local resilience projects that address mitigation of hazards. Specifies that moneys in the Fund may also be used for administrative support associated with the Fund, including the hiring of necessary staff. Tasks the Illinois Emergency Management Agency and Office of Homeland Security with the Fund's administration. Requires the Director of the Illinois Emergency Management Agency and Office of Homeland Security (IEMA-OHS) to apply to the Federal Emergency Management Agency when funding is available under the federal STORM Act to capitalize the Fund. Directs IEMA-OHS to prioritize providing loans to projects it determines to have the greatest impact on eliminating hazards. Provides that the Fund shall be administered, operated, and maintained to remain available in perpetuity to provide loans and other financial assistance. Requires the Agencies to establish application procedures and eligibility criteria for loans from the Fund. Amends the State Finance Act to make a conforming change. Effective immediately.
Title
RESILIENT ILLINOIS LOAN FUND
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-05-17 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2024-05-03 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 17, 2024 |
| 2024-04-05 | Senate | Rule 2-10 Committee Deadline Established As May 3, 2024 |
| 2024-03-18 | Senate | Added as Co-Sponsor Sen. Laura M. Murphy |
| 2024-03-15 | Senate | Rule 2-10 Committee Deadline Established As April 5, 2024 |
| 2024-02-20 | Senate | Assigned to Appropriations |
| 2024-02-08 | Senate | Referred to Assignments |
| 2024-02-08 | Senate | First Reading |
| 2024-02-08 | Senate | Filed with Secretary by Sen. Michael W. Halpin |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3458&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB3458.htm |
