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90_HB2059sam001
LRB9005169NTsbam01
1 AMENDMENT TO HOUSE BILL 2059
2 AMENDMENT NO. . Amend House Bill 2059 by replacing
3 everything after the enacting clause with the following:
4 "Section 5. The Department of Human Services Act is
5 amended by adding Section 10-30 as follows:
6 (20 ILCS 1305/10-30 new)
7 Sec. 10-30. Revolving loan program to maintain and
8 improve not-for-profit organizations' facilities.
9 (a) The Department shall, subject to appropriation,
10 contract with a qualified statewide not-for-profit community
11 development financial institution to establish a revolving
12 loan program for the purpose of assisting Illinois
13 not-for-profit organizations that qualify as exempt under
14 Section 501(c)(3) of the Internal Revenue Code and have
15 purchase of service contracts with the State to maintain and
16 improve their facilities. A qualified statewide
17 not-for-profit community development financial institution is
18 one that has been in existence for at least 7 years prior to
19 the effective date of this amendatory Act of 1997 and has
20 assets in excess of $25,000,000.
21 (b) The revolving loan program established by the
22 community development financial institution shall be a
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1 statewide program. Equal consideration shall be given to
2 loan applications throughout the State. Before making any
3 loans under the revolving loan program, the community
4 development financial institution shall develop a plan to
5 seek out qualified loan applications throughout the State.
6 (c) The contract shall require all of the following:
7 (1) All principal shall be used by the statewide
8 not-for-profit community development financial
9 institution to make loans to qualifying borrowers, to
10 serve as collateral for borrowers, and to leverage other
11 private funds.
12 (2) A Department representative chosen by the
13 Secretary of Human Services shall participate in
14 screening applicants.
15 (3) Repaid principal shall be used for the same
16 purpose as provided in item (1) of this subsection (c).
17 (d) This revolving loan program shall be used for the
18 following purposes:
19 (1) To assist not-for-profit organizations
20 identified in subsection (a) of this Section in meeting
21 regulatory standards.
22 (2) To enable not-for-profit organizations
23 identified in subsection (a) of this Section to comply
24 with the Americans with Disabilities Act.
25 (3) To enable not-for-profit organizations
26 identified in subsection (a) of this Section to remove
27 lead and asbestos from their buildings.
28 (4) To encourage not-for-profit organizations
29 identified in subsection (a) of this Section to
30 voluntarily make capital improvements for the purposes of
31 maintenance, repair and replacement, and preventive
32 maintenance of their facilities, such as improvements to
33 heating and cooling systems and structural items
34 necessary to comply with applicable building codes.
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1 Section 99. Effective date. This Act takes effect July
2 1, 1997.".