90th General Assembly
Summary of SB1286
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Senate Sponsors:
LAUZEN-RAUSCHENBERGER-DUDYCZ-RADOGNO-OBAMA, 
   HALVORSON AND TROTTER.

House Sponsors:
ZICKUS-FEIGENHOLTZ-SAVIANO-ERWIN-RONEN

Short description: 
LEAD ABATEMNT-TORRENS ACT FUND                                             

Synopsis of Bill as introduced:
        Amends the Registered  Titles  (Torrens)  Act.   In  a  provision      
   requiring  the  county  treasurer to report to the county board on the      
   condition and income of the indemnity fund held by  the  treasurer  to      
   satisfy  claims  against the county related to this Act, provides that      
   the report shall show the claims made against the fund and paid by the      
   fund for each of the prior 10 years and that if the report shows  that      
   the  average  amount  of  claims paid over the prior 10 years from the      
   fund have been less than 5% of the fund's total current  balance,  and      
   the  claims  have  not  exceeded  5% of the current fund in any single      
   year, then the county board may preserve no less  than  20  times  the      
   highest  amount of total claims paid in any single year over the prior      
   10 years, and release  the  remainder  of  the  fund  to  finance  the      
   abatement  of  lead paint in structures where children may be at risk.      
   Provides that upon the statutory expiration of all potential claims to      
   the fund, the entirety of the fund may be used for lead abatement,  or      
   other  related  purposes  as  the  county  board  may  then determine.      
   Effective immediately.                                                      
        SENATE AMENDMENT NO. 1.                                                
          Adds reference to:                                                   
          765 ILCS 35/100.1 new                                                
        Deletes everything.   Reinserts  language  directing  the  county      
   treasurer  to  report  regarding  claims against the county related to      
   this Act over the prior 10  years.   Establishes  the  lead  poisoning      
   prevention  fund  to be used to provide financial assistance to owners      
   of residential property located within the county to pay for the costs      
   associated with lead  mitigation  and  abatement,  and  other  related      
   activities.  Provides  for  excess  money  in the indemnity fund to be      
   deposited into the lead poisoning prevention fund.  Provides that upon      
   the statutory expiration of all  potential  claims  to  the  indemnity      
   fund,  the  entirety of the indemnity fund shall be placed in the lead      
   poisoning prevention fund. Effective immediately.                           
        HOUSE AMENDMENT NO. 2. (House recedes May 22, 1998)                    
          Deletes reference to:                                                
          765 ILCS 35/100.1 new                                                
          Adds reference to:                                                   
          765 ILCS 35/102.1 new                                                
          765 ILCS 35/102.2 new                                                
        Deletes everything.  Amends the Registered Titles (Torrens)  Act.      
   Provides  that the county board may determine whether there are excess      
   funds in the indemnity fund and may transfer any  excess  funds  to  a      
   lead poisoning prevention fund or may use the funds for the benefit of      
   owners  of  real  property  in  the county provided certain conditions      
   related to the lead poisoning prevention fund are met first.   Creates      
   the  lead poisoning prevention fund to provide financial assistance to      
   owners of residential property located within the county  to  pay  for      
   the  cost  associated  with  lead mitigation and abatement and related      
   activities.  Provides for how  the  fund  shall  be  used.   Effective      
   immediately.                                                                
        CONFERENCE COMMITTEE REPORT NO. 1.                                     
        Recommends that the House recede from H-am 2.                          
        Recommends that the bill be amended as follows:                        
        Deletes everything.  Amends the Registered Titles (Torrens)  Act.      
   Provides  that the county board may determine whether there are excess      
   funds in the indemnity fund and may transfer any excess  funds  to  be      
   expended  for  lead  poisoning prevention or may use the funds for the      
   benefit of owners of real property  in  the  county  provided  certain      
   conditions  related  to  the  lead  poisoning  prevention fund are met      
   first.   Creates  the  lead  poisoning  prevention  fund  to   provide      
   financial  assistance to owners of residential property located within      
   the county to pay for the cost associated  with  lead  mitigation  and      
   abatement  and related activities.  Provides for how the fund shall be      
   used.  Effective immediately.                                               
 
Last action on Bill: PUBLIC ACT.............................. 90-0778

   Last action date: 98-08-14

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   1


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