Illinois General Assembly - Bill Status for HB3525
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 Bill Status of HB3525  99th General Assembly


House Sponsors
Rep. Mike Fortner - Patricia R. Bellock, Ann M. Williams, Elizabeth Hernandez, Sue Scherer and Martin J. Moylan

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 801/1-45 new
30 ILCS 105/5.866 new

Synopsis As Introduced
Amends the Department of Natural Resources Act. Creates the Home and Business Flood Protection and Loan Program Fund, which shall be administered by the Department of Natural Resources. Provides that the Home and Business Flood Protection and Loan Program Fund shall be used and administered by the Department to (1) accept and retain funds from grant awards, appropriations, transfers, and payments of interest and principal, and (2) make direct loans at or below market interest rates and to provide additional subsidization, including, but not limited to, forgiveness of principal, negative interest rates, and grants, to any eligible local government unit to finance public mitigation projects that would bring relief from damage created by urban flooding. Amends the State Finance Act to create the Home and Business Flood Protection and Loan Program Fund. Effective immediately.

DateChamber Action
  2/26/2015HouseFiled with the Clerk by Rep. Mike Fortner
  2/26/2015HouseFirst Reading
  2/26/2015HouseReferred to Rules Committee
  3/9/2015HouseAdded Co-Sponsor Rep. Ann M. Williams
  3/10/2015HouseAdded Chief Co-Sponsor Rep. Patricia R. Bellock
  4/23/2015HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
  6/4/2015HouseAdded Co-Sponsor Rep. Sue Scherer
  4/14/2016HouseAdded Co-Sponsor Rep. Martin J. Moylan
  1/10/2017HouseSession Sine Die

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