Date	Chamber	Action
1/8/2013	Senate	Session Sine Die

Statutes Amended In Order of Appearance

20 ILCS 3805/7.32 new

735 ILCS 5/15-1504.2 new

30 ILCS 105/5.786 new

Synopsis As Introduced
Amends the Illinois Housing Development Act. Creates the Neighborhood Stabilization Program. Provides that the Illinois Housing Development Authority shall establish and administer the Program and use moneys in the Neighborhood Stabilization Program Fund, and any other funds appropriated for this purpose, to make grants to non-profit organizations that serve communities with high rates of residential foreclosures. Provides that the Authority shall promulgate rules, including emergency rules. Provides that subject to appropriation, the Authority shall make grants from the Neighborhood Stabilization Program Fund to approved non-profit organizations that serve communities with high rates of residential foreclosures. Defines terms. Amends the Code of Civil Procedure. Provides that for uninhabited residential real estate in foreclosure, from the time of the filing of a foreclosure complaint until the plaintiff no longer has any interest in the property, the plaintiff shall pay to the circuit clerk a fee of $1000 per month for each month that the residential real estate is not inhabited until the property is sold to a bona fide buyer who will either inhabit the premises or lease the property to a tenant for inhabitation within 90 days after the closing. Provides that fees collected shall be deposited into the Neighborhood Stabilization Fund, a special fund created in the State treasury. The clerk shall remit the fees to the State Treasurer as follows: 98% to the State Treasurer for deposit into the Neighborhood Stabilization Fund Program Fund; and 2% to the circuit clerk for administrative expenses related to this program. Provides that annually, the circuit clerk shall submit to the Authority a report of the funds collected and remitted. Amends the State Finance Act. Creates the Neighborhood Stabilization Fund. Effective immediately.

Actions 

Date	Chamber	Action
2/8/2011	Senate	Filed with Secretary by Sen. Martin A. Sandoval
2/8/2011	Senate	First Reading
2/8/2011	Senate	Referred to Assignments
2/23/2011	Senate	Assigned to Financial Institutions
3/4/2011	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
3/10/2011	Senate	Held in Financial Institutions
3/17/2011	Senate	Held in Financial Institutions
3/18/2011	Senate	Rule 2-10 Committee Deadline Established As April 8, 2011
3/21/2011	Senate	Added as Co-Sponsor Sen. Annazette R. Collins
4/4/2011	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Martin A. Sandoval
4/4/2011	Senate	Senate Committee Amendment No. 1 Referred to Assignments
4/6/2011	Senate	Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
4/8/2011	Senate	Rule 3-9(a) / Re-referred to Assignments
4/8/2011	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
1/8/2013	Senate	Session Sine Die

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