Illinois General Assembly - Bill Status for SB1224

Synopsis As Introduced
Creates the Teacher Homebuyer Assistance Act. Requires the Illinois Housing Development Authority to establish and administer a program to provide down payment assistance to public school teachers who teach in hard-to-staff schools or hard-to-staff positions for purchasing residences within the school district. Provides that the assistance shall be in the form of a deferred payment, low-interest subordinate mortgage loan with a term not longer than the term of the first mortgage loan, with interest accruing at a rate of up to 5% per annum. Provides that if the borrower has continuously been a teacher for the 5-year period immediately following the date of recordation of the loan deed of trust, then repayment of the loan shall be forgiven and considered a grant. Provides that repayment of the principal and accrued interest is due and payable upon the occurrence of certain events. Effective immediately.

Senate Committee Amendment No. 1
Provides that the requirement that the Illinois Housing Development Authority establish and administer a teacher homebuyer assistance program and allocate funds is subject to appropriation.

Senate Floor Amendment No. 2
Changes the definition of "hard-to-staff school" to mean an elementary or secondary school that ranks in the upper third of schools in this State in the number of teachers who leave their positions. Provides that the State Board of Education shall rank schools for this purpose based on mobility and teacher attrition over a 5-year average.

Actions

Date	Chamber	Action
2/9/2007	Senate	Filed with Secretary by Sen. Linda Holmes
2/9/2007	Senate	First Reading
2/9/2007	Senate	Referred to Rules
2/21/2007	Senate	Assigned to Financial Institutions
2/23/2007	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
3/2/2007	Senate	Postponed - Financial Institutions
3/6/2007	Senate	Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
3/7/2007	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Linda Holmes
3/7/2007	Senate	Senate Committee Amendment No. 1 Referred to Rules
3/7/2007	Senate	Senate Committee Amendment No. 1 Rules Refers to Financial Institutions
3/8/2007	Senate	Senate Committee Amendment No. 1 Adopted
3/8/2007	Senate	Do Pass as Amended Financial Institutions; 007-002-000
3/8/2007	Senate	Placed on Calendar Order of 2nd Reading March 13, 2007
3/8/2007	Senate	Added as Chief Co-Sponsor Sen. Dan Kotowski
3/8/2007	Senate	Added as Co-Sponsor Sen. Michael Bond
3/8/2007	Senate	Added as Co-Sponsor Sen. Michael Noland
3/14/2007	Senate	Second Reading
3/14/2007	Senate	Placed on Calendar Order of 3rd Reading March 15, 2007
3/21/2007	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Linda Holmes
3/21/2007	Senate	Senate Floor Amendment No. 2 Referred to Rules
3/27/2007	Senate	Senate Floor Amendment No. 2 Rules Refers to Financial Institutions
3/28/2007	Senate	Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 008-000-000
3/30/2007	Senate	Recalled to Second Reading
3/30/2007	Senate	Senate Floor Amendment No. 2 Adopted; Holmes
3/30/2007	Senate	Placed on Calendar Order of 3rd Reading
3/30/2007	Senate	Added as Chief Co-Sponsor Sen. Susan Garrett
3/30/2007	Senate	Added as Co-Sponsor Sen. James T. Meeks
3/30/2007	Senate	Added as Co-Sponsor Sen. David Koehler
3/30/2007	Senate	Added as Co-Sponsor Sen. Martin A. Sandoval
3/30/2007	Senate	Added as Co-Sponsor Sen. Edward D. Maloney
3/30/2007	Senate	Third Reading - Passed; 056-000-000
4/2/2007	House	Arrived in House
4/2/2007	House	Placed on Calendar Order of First Reading
4/2/2007	House	Alternate Chief Sponsor Removed Rep. Eddie Washington
4/2/2007	House	Chief House Sponsor Rep. Eddie Washington
4/9/2007	House	First Reading
4/9/2007	House	Referred to Rules Committee
4/18/2007	House	Added Alternate Chief Co-Sponsor Rep. Elga L. Jefferies
4/19/2007	Senate	Added as Co-Sponsor Sen. Gary Forby
4/25/2007	House	Added Alternate Chief Co-Sponsor Rep. Paul D. Froehlich
4/27/2007	House	Added Alternate Co-Sponsor Rep. John E. Bradley
4/30/2007	House	Assigned to Housing and Urban Development Committee
5/1/2007	House	Added Alternate Co-Sponsor Rep. Sandy Cole
5/16/2007	House	Do Pass / Short Debate Housing and Urban Development Committee; 005-000-000
5/17/2007	House	Placed on Calendar 2nd Reading - Short Debate
5/18/2007	Senate	Added as Co-Sponsor Sen. Mattie Hunter
5/24/2007	House	Second Reading - Short Debate
5/24/2007	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/30/2007	House	Third Reading - Short Debate - Passed 117-000-000
5/30/2007	Senate	Passed Both Houses
5/30/2007	House	Added Alternate Co-Sponsor Rep. Wyvetter H. Younge
6/4/2007	House	Added Alternate Co-Sponsor Rep. Cynthia Soto
6/4/2007	House	Added Alternate Co-Sponsor Rep. Elizabeth Hernandez
6/4/2007	House	Added Alternate Co-Sponsor Rep. Edward J. Acevedo
6/4/2007	House	Added Alternate Co-Sponsor Rep. Harry Osterman
6/4/2007	House	Added Alternate Co-Sponsor Rep. John A. Fritchey
6/4/2007	House	Added Alternate Co-Sponsor Rep. Karen A. Yarbrough
6/4/2007	House	Added Alternate Co-Sponsor Rep. Maria Antonia Berrios
6/4/2007	House	Added Alternate Co-Sponsor Rep. Susana A Mendoza
6/28/2007	Senate	Sent to the Governor
8/27/2007	Senate	Governor Approved
8/27/2007	Senate	Effective Date August 27, 2007
8/27/2007	Senate	Public Act . . . . . . . . . 95-0449

×