State of Illinois
91st General Assembly
Legislation

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91_HB2569

 
                                               LRB9104112ACcd

 1        AN ACT to  amend  the  Environmental  Protection  Act  by
 2    changing Section 19.3.

 3        Be  it  enacted  by  the People of the State of Illinois,
 4    represented in the General Assembly:

 5        Section  5.  The Environmental Protection Act is  amended
 6    by changing Section 19.3 as follows:

 7        (415 ILCS 5/19.3) (from Ch. 111 1/2, par. 1019.3)
 8        Sec. 19.3.  Water Revolving Fund.
 9        (a)  There  is hereby created within the State Treasury a
10    Water  Revolving  Fund,  consisting  of  3   interest-bearing
11    special  programs  to be known as the Water Pollution Control
12    Loan Program, the Public Water Supply Loan Program,  and  the
13    Loan Support Program, which shall be used and administered by
14    the Agency.
15        (b)  The  Water  Pollution  Control Loan Program shall be
16    used and administered by the Agency to provide assistance  to
17    local government units for the following public purposes:
18             (1)  to  accept  and retain funds from grant awards,
19        appropriations, transfers, and payments of  interest  and
20        principal;
21             (2)  to   make  direct  loans  at  or  below  market
22        interest rates to any eligible local government  unit  to
23        finance the construction of wastewater treatments works;
24             (3)  to   make  direct  loans  at  or  below  market
25        interest rates to any eligible local government  unit  to
26        buy  or  refinance  debt  obligations for treatment works
27        incurred after March 7, 1985;
28             (4)  to guarantee or purchase  insurance  for  local
29        obligations where such action would improve credit market
30        access or reduce interest rates;
31             (5)  as  a  source  of  revenue  or security for the
 
                            -2-                LRB9104112ACcd
 1        payment of principal and interest on revenue  or  general
 2        obligation bonds issued by the State, if the proceeds of
 3        the such bonds will be deposited in the Fund;
 4             (6)  to finance the reasonable costs incurred by the
 5        Agency in the administration of the Fund; and
 6             (7)  to  transfer  funds  to the Public Water Supply
 7        Loan Program.
 8        (c)  The  Loan  Support  Program  shall   be   used   and
 9    administered by the Agency for the following purposes:
10             (1)  to  accept  and  retain funds from grant awards
11        and appropriations;
12             (2)  to finance the reasonable costs incurred by the
13        Agency in  the  administration  of  the  Fund,  including
14        activities  under  Title  III  of this Act, including the
15        administration of the State construction grant program;
16             (3)  to  transfer  funds  to  the  Water   Pollution
17        Control  Loan  Program  and  the Public Water Supply Loan
18        Program;
19             (4)  to accept and retain  a  portion  of  the  loan
20        repayments;
21             (5)  to  finance the development of the low interest
22        loan program for public water supply projects;
23             (6)  to finance the reasonable costs incurred by the
24        Agency to provide technical assistance for  public  water
25        supplies; and
26             (7)  to finance the reasonable costs incurred by the
27        Agency  for  public water system supervision programs, to
28        administer or provide for  technical  assistance  through
29        source   water   protection   programs,  to  develop  and
30        implement a capacity development strategy,  to  delineate
31        and  assess  source  water  protection  areas, and for an
32        operator certification program in accordance with Section
33        1452 of the federal Safe Drinking Water Act.
34        (d)  The Public Water Supply Loan Program shall  be  used
 
                            -3-                LRB9104112ACcd
 1    and administered by the Agency to provide assistance to local
 2    government  units for public water supplies for the following
 3    public purposes:
 4             (1)  to accept and retain funds from  grant  awards,
 5        appropriations,  transfers,  and payments of interest and
 6        principal;
 7             (2)  to  make  direct  loans  at  or  below   market
 8        interest  rates  to any eligible local government unit to
 9        finance the construction of public water supplies;
10             (3)  to buy or refinance the debt  obligation  of  a
11        local  government unit for costs incurred on or after the
12        effective date of this amendatory Act of 1997;
13             (4)  to  guarantee  local  obligations  where   such
14        action  would  improve  credit  market  access  or reduce
15        interest rates;
16             (5)  as a source of  revenue  or  security  for  the
17        payment  of  principal and interest on revenue or general
18        obligation bonds issued by the State, if the proceeds  of
19        such bonds will be deposited into the Fund; and
20             (6)  to   transfer  funds  to  the  Water  Pollution
21        Control Loan Program.
22        (e)   The  Agency  is  designated  as  the  administering
23    agency of the Fund.  The Agency shall submit to the  Regional
24    Administrator  of  the United States Environmental Protection
25    Agency an intended use plan which outlines the  proposed  use
26    of  funds  available to the State.  The Agency shall take all
27    actions necessary to secure to the State the benefits of  the
28    federal  Water  Pollution  Control  Act  and the federal Safe
29    Drinking Water Act, as now or hereafter amended.
30    (Source: P.A. 89-27, eff. 1-1-96; 90-121, eff. 7-17-97.)

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