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<xml>
<title>Illinois General Assembly - Bill Status for HB 3525         </title>
<shortdesc>HOME AND BUS FLOOD PROT FUND</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Mike Fortner-Patricia R. Bellock, Ann M. Williams, Elizabeth Hernandez, Sue Scherer and Martin J. Moylan</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>20 ILCS 801/1-45 new</reference><aliasreference></aliasreference><reference>30 ILCS 105/5.866 new</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>2/26/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Mike Fortner</action>
<statusdate>2/26/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/26/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/9/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Ann M. Williams</action>
<statusdate>3/10/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Patricia R. Bellock</action>
<statusdate>4/23/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Elizabeth Hernandez</action>
<statusdate>6/4/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Sue Scherer</action>
<statusdate>4/14/2016</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Martin J. Moylan</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

