Illinois General Assembly - Bill Status for SB 2566

Amends the Illinois Housing Development Act. Provides that the Illinois Housing Development Authority shall establish and administer a foreclosure prevention counseling program and shall use moneys in the Foreclosure Prevention Counseling Fund and funds appropriated for that purpose to make grants to HUD-certified counseling agencies for home-ownership education and foreclosure prevention counseling. Amends the State Finance Act. Creates the Foreclosure Prevention Counseling Fund and provides for allocation of moneys in the Fund. Provides for the payment of license fees of $3,700 annually, including the foreclosure prevention surcharge (instead of $2,700 annually). Amends the Residential Mortgage License Act of 1987. Provides that an application for a license or a license renewal on or after July 1, 2008, shall include payment of a foreclosure prevention surcharge of $1,000. Provides that the surcharge proceeds shall be deposited into the Foreclosure Prevention Counseling Fund. Effective immediately.

Replaces everything after the enacting clause with provisions that are substantially similar except for the following: (1) Further amends the Illinois Housing Development Act and the State Finance Act by providing that neither the Governor nor any agency or agency head under the jurisdiction of the Governor has any rulemaking authority under this amendatory Act, but that the Governor may suggest rules by filing them with the General Assembly and requesting that the General Assembly authorize such rulemaking by law, enact the suggested rules into law, or take other appropriate action in the General Assembly's discretion. (2) The Section creating the foreclosure prevention counseling program is repealed 3 years after the effective date of this amendatory Act. (3) The Foreclosure Prevention Counseling Fund shall consist of all moneys deposited, transferred, or appropriated into the Fund from any legal source. (4) Provides that subject to appropriations, the Authority shall use the moneys in the Fund in the following manner: (a) 75% of the moneys in the Fund, subject to appropriation, shall be used to make grants to HUD-certified housing counseling agencies that provide services outside Chicago, provided that the grants shall be based upon the number of foreclosures filed in a counseling agency's service area, the capacity of a counseling agency to provide foreclosure counseling services, and any other appropriate facts; and (b) the remaining moneys shall be distributed to the City of Chicago to provide, through the City's programs, grants to HUD-certified housing counseling agencies in Chicago for pre-purchase and post-purchase home-ownership education and foreclosure prevention counseling. (5) Provides that notwithstanding any other law, the Fund is not subject to sweeps, administrative charges or charge-backs, or any other fiscal or budgetary maneuver that would in any way transfer any funds from the Fund into any other fund of the State. (6) Provides that the Section concerning the grants is repealed 3 years after the effective date of this amendatory Act. Effective immediately.

Date	Chamber	Action
1/13/2009	Senate	Session Sine Die

Date	Chamber	Action
2/15/2008	Senate	Filed with Secretary by Sen. Jacqueline Y. Collins
2/15/2008	Senate	First Reading
2/15/2008	Senate	Referred to Rules
2/28/2008	Senate	Assigned to Housing and Community Affairs
3/5/2008	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
3/5/2008	Senate	Senate Committee Amendment No. 1 Referred to Rules
3/5/2008	Senate	Senate Committee Amendment No. 1 Rules Refers to Housing and Community Affairs
3/5/2008	Senate	Senate Committee Amendment No. 1 Adopted
3/6/2008	Senate	Held in Housing and Community Affairs
3/13/2008	Senate	Do Pass as Amended Housing and Community Affairs; 006-001-000
3/13/2008	Senate	Placed on Calendar Order of 2nd Reading April 1, 2008
4/1/2008	Senate	Second Reading
4/1/2008	Senate	Placed on Calendar Order of 3rd Reading April 2, 2008
4/3/2008	Senate	Added as Chief Co-Sponsor Sen. Kwame Raoul
4/3/2008	Senate	Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
4/3/2008	Senate	Third Reading - Passed; 033-021-001
4/4/2008	House	Arrived in House
4/4/2008	House	Placed on Calendar Order of First Reading
4/4/2008	House	Chief House Sponsor Rep. Kevin Joyce
4/7/2008	House	First Reading
4/7/2008	House	Referred to Rules Committee
4/23/2008	Senate	Added as Co-Sponsor Sen. Martin A. Sandoval
5/1/2008	House	Assigned to Housing and Urban Development Committee
5/9/2008	House	Committee Deadline Extended-Rule 9(b) May 23, 2008
5/23/2008	House	Final Action Deadline Extended-9(b) May 31, 2008
5/28/2008	House	House Amendment No. 1 Filed with Clerk by Housing and Urban Development Committee
5/28/2008	House	House Amendment No. 1 Adopted in Housing and Urban Development Committee; by Voice Vote
5/28/2008	House	Do Pass as Amended / Short Debate Housing and Urban Development Committee; 007-000-000
5/28/2008	House	Placed on Calendar 2nd Reading - Short Debate
5/28/2008	House	Second Reading - Short Debate
5/28/2008	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/28/2008	House	Added Alternate Chief Co-Sponsor Rep. Esther Golar
5/30/2008	House	Added Alternate Chief Co-Sponsor Rep. Marlow H. Colvin
5/30/2008	House	Added Alternate Chief Co-Sponsor Rep. Karen A. Yarbrough
5/30/2008	House	Added Alternate Chief Co-Sponsor Rep. Deborah L. Graham
5/30/2008	House	Third Reading - Short Debate - Passed 114-000-000
5/30/2008	Senate	Secretary's Desk - Concurrence House Amendment(s) 01
5/30/2008	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 01-May 31, 2008
5/30/2008	Senate	House Amendment No. 1 Motion to Non-Concur Filed with Secretary Sen. Jacqueline Y. Collins
7/1/2008	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
1/13/2009	Senate	Session Sine Die

	Deletes reference to:
	205 ILCS 635/2-2