Illinois General Assembly - Full Text of SB2724
Illinois General Assembly

Previous General Assemblies

Full Text of SB2724  93rd General Assembly

SB2724ham001 93RD GENERAL ASSEMBLY

Housing and Urban Development Committee

Adopted in House Comm. on May 06, 2004

 

 


 

 


 
09300SB2724ham001 LRB093 19551 AMC 50308 a

1
AMENDMENT TO SENATE BILL 2724

2     AMENDMENT NO. ______. Amend Senate Bill 2724, on page 1,
3 line 5, by replacing "25, and 30" with "and 25"; and
 
4 on page 2, immediately below line 1, by inserting the
5 following:
6     ""Area median household income" means the median household
7 income adjusted for family size for applicable income limit
8 areas as determined annually by the federal Department of
9 Housing and Urban Development under Section 8 of the United
10 States Housing Act of 1937."; and
 
11 on page 2, by replacing lines 21 through 23 with the following:
12 "area median gross household income for households of the same
13 size within the county in which the housing is located."; and
 
14 on page 2, by replacing lines 29 through 32 with the following:
15 "50% but does not exceed 80% of the area median gross household
16 income for households of the same size within the county in
17 which the housing is located."; and
 
18 on page 4, line 4, after the period, by inserting "Upon
19 publishing a list of exempt and non-exempt local governments,
20 the Illinois Housing Development Authority shall notify a local
21 government that it is not exempt from the operation of this Act
22 and provide to it the data used to calculate its

 

 

09300SB2724ham001 - 2 - LRB093 19551 AMC 50308 a

1 determination."; and
 
2 on page 4, line 13, by replacing "January 1, 2005" with "April
3 1, 2005"; and
 
4 on page 5, by replacing lines 2 through 5 with the following:
5     "affordable housing within its jurisdiction, as described
6     in subsection (b) of defined in Section 20 of this Act; or
7     a minimum of a total of 10% of affordable housing within
8     its jurisdiction as described in subsection (b) of Section
9     20 of this Act."; and
 
10 on page 5, by deleting lines 11 through 35; and
 
11 by deleting all of page 6; and
 
12 on page 7, by deleting line 1.