Full Text of SB2981 93rd General Assembly
SB2981sam001 93RD GENERAL ASSEMBLY
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Sen. Kimberly A. Lightford
Filed: 3/23/2004
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| AMENDMENT TO SENATE BILL 2981
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| AMENDMENT NO. ______. Amend Senate Bill 2981 as follows:
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| on page 3, by replacing lines 34 and 35 with the following: | 4 |
| " establish a procedure to designate and approve not-for-profit | 5 |
| corporations with offices in Illinois as agencies to assist | 6 |
| in "; and | 7 |
| on page 4, by replacing lines 1 and 2 with the following: | 8 |
| " under this paragraph shall assist, at the direction of the | 9 |
| Chairman, eligible mortgagors in completing the application | 10 |
| for assistance and, to the extent that the agency is willing | 11 |
| and able to do so, provide counseling. "; and | 12 |
| on page 4, line 24, after " Section. ", by inserting the | 13 |
| following: | 14 |
| " This assistance may include foreclosure intervention and | 15 |
| mortgage workout counseling. "; and | 16 |
| on page 5, line 24, after " insurance, " by inserting " and "; and | 17 |
| on page 5, by replacing lines 25 through 29 with the following: | 18 |
| " insurance premiums. The initial payment by each agency shall | 19 |
| be an amount that makes the mortgage current, including | 20 |
| reasonable costs and reasonable attorney fees already incurred | 21 |
| by the mortgagee. |
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| (2) Monthly assistance payments. The Authority shall make | 2 |
| monthly mortgage assistance "; and | 3 |
| on page 5, line 34, by deleting " or designated "; and | 4 |
| on page 5, line 35, by deleting " agency "; and | 5 |
| on page 5, line 36, by deleting " or designated agency "; and | 6 |
| on page 6, line 6, by changing " make " to " mail "; and | 7 |
| on page 6, line 8, by deleting " or the designated agency "; and | 8 |
| on page 6, line 14, by deleting " or designated agency "; and | 9 |
| on page 6, line 23, by deleting " or designated agency "; and | 10 |
| on page 6, line 25, by deleting " or designated agency "; and | 11 |
| on page 7, immediately below line 1, by inserting the | 12 |
| following: | 13 |
| " (5) Rules; availability of funds; necessity. Assistance | 14 |
| payments from the Fund may be made only according to rules | 15 |
| adopted by the Authority and are subject to the availability of | 16 |
| funds. Payments may be made from the Fund only if it is not | 17 |
| otherwise possible to prevent a foreclosure. "; and | 18 |
| on page 7, line 4, by deleting " or designated agency "; and | 19 |
| on page 7, line 6, by deleting " or designated agency "; and | 20 |
| on page 7, line 7, by deleting " or designated agency "; and | 21 |
| on page 7, line 12, by deleting " or designated agency "; and |
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| on page 7, line 16, after " Authority ", by deleting " or "; and | 2 |
| on page 7, line 17, by deleting " designated agency "; and | 3 |
| on page 7, line 18, by deleting " or designated agency "; and | 4 |
| on page 7, line 24, by deleting " or designated "; and | 5 |
| on page 7, line 25, by deleting " agency "; and | 6 |
| on page 7, line 27, after " Chairman ", by deleting " or "; and | 7 |
| on page 7, line 28, by deleting " designated agency "; and | 8 |
| on page 8, line 9, by changing " 30-year " to " 20-year "; and | 9 |
| on page 8, line 15, by deleting " or designated agency "; and | 10 |
| on page 8, line 27, by deleting " or designated "; and | 11 |
| on page 8, line 28, by deleting " agency "; and | 12 |
| on page 9, line 26, after "amended" by inserting "by changing | 13 |
| Section 8h and"; and | 14 |
| on page 9, immediately below line 29, by inserting the | 15 |
| following: | 16 |
| "(30 ILCS 105/8h)
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| Sec. 8h. Transfers to General Revenue Fund. | 18 |
| Notwithstanding any other
State law to the contrary, the | 19 |
| Director of the
Governor's Office of Management and Budget
may | 20 |
| from time to time direct the State Treasurer and Comptroller to |
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| transfer
a specified sum from any fund held by the State | 2 |
| Treasurer to the General
Revenue Fund in order to help defray | 3 |
| the State's operating costs for the
fiscal year. The total | 4 |
| transfer under this Section from any fund in any
fiscal year | 5 |
| shall not exceed the lesser of 8% of the revenues to be | 6 |
| deposited
into the fund during that year or 25% of the | 7 |
| beginning balance in the fund.
No transfer may be made from a | 8 |
| fund under this Section that would have the
effect of reducing | 9 |
| the available balance in the fund to an amount less than
the | 10 |
| amount remaining unexpended and unreserved from the total | 11 |
| appropriation
from that fund for that fiscal year. This Section | 12 |
| does not apply to any
funds that are restricted by federal law | 13 |
| to a specific use or to any funds in
the Motor Fuel Tax Fund , | 14 |
| the Emergency Mortgage Assistance Fund, or the Hospital | 15 |
| Provider Fund. Notwithstanding any
other provision of this | 16 |
| Section,
the total transfer under this Section from the Road | 17 |
| Fund or the State
Construction Account Fund shall not exceed 5% | 18 |
| of the revenues to be deposited
into the fund during that year.
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| In determining the available balance in a fund, the | 20 |
| Director of the
Governor's Office of Management and Budget
may | 21 |
| include receipts, transfers into the fund, and other
resources | 22 |
| anticipated to be available in the fund in that fiscal year.
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| The State Treasurer and Comptroller shall transfer the | 24 |
| amounts designated
under this Section as soon as may be | 25 |
| practicable after receiving the direction
to transfer from the | 26 |
| Director of the Governor's Office of Management and
Budget.
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| (Source: P.A. 93-32, eff. 6-20-03; 93-659, eff. 2-3-04.)".
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