House Sponsors: SCOTT-GARRETT-MATHIAS-FLOWERS-OSTERMAN, FEIGENHOLTZ, HAMOS, FRANKS, FRITCHEY, HOWARD, KENNER, WINTERS, BEAUBIEN, DART, SCULLY, LANG, GILES AND MCKEON. Senate Sponsors: RAUSCHENBERGER-RONEN-OBAMA-PETERSON Short description: LIVE NEAR WORK ACT Synopsis of Bill as introduced: Creates the Live Near Work Act. Allows the Illinois Housing Development Authority to make grants from the Live Near Work Fund to employers, municipalities, counties, and non-profit housing organizations to develop and implement employer-assisted housing programs. Requires the Authority to adopt rules for determining eligibility for grants, regulating the use of grant funds, and reporting the results and impacts of the grants. Provides that grants may be used to match employer investments in housing resources. Provides that grants may be used to support the administration of employer-assisted housing programs. Limits the amount of moneys in the Fund that may be used for grants to non-profit organizations. Provides that the Act is repealed on July 1, 2006. Effective immediately. FISCAL NOTE (Illinois Housing Development Authority) HB 504 requires the authority to esablish a fund to develop and implement employer-assisted housing programs. The legislation does not reference a funding level, and without specific infor- mation regarding the scale and scope of the proposal, its fis- cal effect on IHDA cannot be determined. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status