Bill Title: Amends the Home Equity Assurance Act. In provisions authoring a governing commission with no less than $4,000,000 in its guarantee fund to establish a Low Interest Home Improvement Loan Program, provides that the loan may be used for repair or maintenance of a guaranteed residence's water and sewer pipes and repair of a guaranteed residence, including, but not limited to, basement repairs, following flooding damage or other natural disaster damage to the property (rather than following flooding damage to the property). Provides that a commission may use loan funds to issue a grant or rebate for repairs, maintenance, remodeling, alteration, or improvement of a guaranteed residence for purposes of preventing or repairing damage as a result of a natural disaster, including, but not limited to, flooding.
Spectrum: Strong Partisan Bill (Democrat 14-1)
Status: (Passed) 2024-08-05 - Public Act . . . . . . . . . 103-0737
[HB4921 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Chaptered | 2024-08-05 | HTML/Text | Link | View |
| Enrolled | 2024-05-16 | HTML/Text | Link | View |
| Engrossed | 2024-04-11 | HTML/Text | Link | View |
| Introduced | 2024-02-07 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|
| No bill amendments currently on file for Illinois HB4921 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois HB4921 currently on file. |
Social Comments on IL HB4921
