Rep. Donald L. Moffitt
Filed: 4/10/2008
|
|||||||
| |||||||
| |||||||
1 | AMENDMENT TO HOUSE BILL 4645
| ||||||
2 | AMENDMENT NO. ______. Amend House Bill 4645, AS AMENDED, by | ||||||
3 | replacing everything after the enacting clause with the | ||||||
4 | following:
| ||||||
5 | "Section 5. The Illinois Finance Authority Act is amended | ||||||
6 | by adding Section 825-81 as follows: | ||||||
7 | (20 ILCS 3501/825-81 new) | ||||||
8 | Sec. 825-81. Fire station revolving loan program. | ||||||
9 | (a) The Authority and the State Fire Marshal may jointly | ||||||
10 | administer a fire station revolving loan program. The program | ||||||
11 | may provide zero-interest loans for the construction, | ||||||
12 | rehabilitation, remodeling, or expansion of a fire station or | ||||||
13 | the acquisition of land for the construction or expansion of a | ||||||
14 | fire station by a fire department, a fire protection district, | ||||||
15 | or a township fire department. Once the program receives | ||||||
16 | funding, the Authority shall make loans based on need, as |
| |||||||
| |||||||
1 | determined by the State Fire Marshal. | ||||||
2 | (b) The loan funds, subject to appropriation, may be paid | ||||||
3 | out of the Fire Station Revolving Loan Fund, a special fund in | ||||||
4 | the State treasury. The Fund may consist of any moneys | ||||||
5 | transferred or appropriated into the Fund, as well as all | ||||||
6 | repayments of loans made under the program. Once the program | ||||||
7 | receives funding, the Fund may be used for loans to fire | ||||||
8 | departments and fire protection districts to construct, | ||||||
9 | rehabilitate, remodel, or expand fire stations or acquire land | ||||||
10 | for the construction or expansion of fire stations and for no | ||||||
11 | other purpose. All interest earned on moneys in the Fund shall | ||||||
12 | be deposited into the Fund. | ||||||
13 | (c) A loan under the program may not exceed $2,000,000 to | ||||||
14 | any fire department or fire protection district. The repayment | ||||||
15 | period for the loan may not exceed 20 years. The fire | ||||||
16 | department or fire protection district shall repay each year at | ||||||
17 | least 5% of the principal amount borrowed or the remaining | ||||||
18 | balance of the loan, whichever is less. All repayments of loans | ||||||
19 | shall be deposited into the Fire Station Revolving Loan Fund. | ||||||
20 | (d) Notwithstanding any other rulemaking authority that | ||||||
21 | may exist, neither the Governor nor any agency or agency head | ||||||
22 | under the jurisdiction of the Governor has any authority to | ||||||
23 | make or promulgate rules to implement or enforce the provisions | ||||||
24 | of this amendatory Act of the 95th General Assembly. If, | ||||||
25 | however, the Governor believes that rules are necessary to | ||||||
26 | implement or enforce the provisions of this amendatory Act of |
| |||||||
| |||||||
1 | the 95th General Assembly, the Governor may suggest rules to | ||||||
2 | the General Assembly by filing them with the Clerk of the House | ||||||
3 | and the Secretary of the Senate and by requesting that the | ||||||
4 | General Assembly authorize such rulemaking by law, enact those | ||||||
5 | suggested rules into law, or take any other appropriate action | ||||||
6 | in the General Assembly's discretion. Nothing contained in this | ||||||
7 | amendatory Act of the 95th General Assembly shall be | ||||||
8 | interpreted to grant rulemaking authority under any other | ||||||
9 | Illinois statute where such authority is not otherwise | ||||||
10 | explicitly given. For the purposes of this subsection, "rules" | ||||||
11 | is given the meaning contained in Section 1-70 of the Illinois | ||||||
12 | Administrative Procedure Act, and "agency" and "agency head" | ||||||
13 | are given the meanings contained in Sections 1-20 and 1-25 of | ||||||
14 | the Illinois Administrative Procedure Act to the extent that | ||||||
15 | such definitions apply to agencies or agency heads under the | ||||||
16 | jurisdiction of the Governor. | ||||||
17 | Section 10. The State Finance Act is amended by adding | ||||||
18 | Section 5.708 as follows: | ||||||
19 | (30 ILCS 105/5.708 new) | ||||||
20 | Sec. 5.708. The Fire Station Revolving Loan Fund.
| ||||||
21 | Section 99. Effective date. This Act takes effect July 1, | ||||||
22 | 2008.".
|