093_SB0519

 
                                     LRB093 09287 JAM 09520 b

 1        AN ACT concerning elections.

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

 4        Section  5.  The  Election  Code  is  amended  by  adding
 5    Section 1A-20 as follows:

 6        (10 ILCS 5/1A-20 new)
 7        Sec.  1A-20.   Equipment  upgrade  loan  program.   For a
 8    period of 5 years after the effective date of this amendatory
 9    Act of the 93rd General Assembly, from funds appropriated for
10    this purpose, the State Board of Elections shall develop  and
11    implement   a  program  of  low-interest  loans  to  election
12    authorities for upgrading election equipment.   The  interest
13    rate   charged  shall  equal  one-half  the  State's  general
14    obligation bond rate at the time of the loan. The State Board
15    shall adopt rules necessary for the  implementation  of  this
16    Section.