HOME EQUITY-FLOOD REBATE Senate SponsorsSen. Mike Porfirio-Celina Villanueva-Javier L. Cervantes 3/11/2026SenatePlaced on Calendar Order of 3rd Reading March 12, 2026 65 ILCS 95/11from Ch. 24, par. 1611Amends the Home Equity Assurance Act. Provides that a governing commission may establish a program to provide a one-time per household direct relief payment in the form of a rebate to a member who owns a residence that is subject to flood damage. Provides that the governing commission may establish a limit on the amount of rebates that may be issued under this subsection. Provides that members shall be required to submit qualified receipts to the governing showing costs incurred as a result of flood damage to receive a rebate under the rebate program established under the provisions. Provides that the rebate shall provide up to 50% reimbursement, but shall not exceed $1,000. Provides that the rebate program shall last for 3 years unless reapproved by the governing commission. 2/6/2026SenateFiled with Secretary by Sen. Mike Porfirio 2/6/2026SenateFirst Reading 2/6/2026SenateReferred to Assignments 2/24/2026SenateAssigned to Local Government 3/5/2026SenateDo Pass Local Government; 010-000-000 3/5/2026SenatePlaced on Calendar Order of 2nd Reading March 10, 2026 3/5/2026SenateAdded as Chief Co-Sponsor Sen. Celina Villanueva 3/5/2026SenateAdded as Chief Co-Sponsor Sen. Javier L. Cervantes 3/11/2026SenateSecond Reading 3/11/2026SenatePlaced on Calendar Order of 3rd Reading March 12, 2026