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90_HB2059eng
20 ILCS 1305/10-30 new
Amends the Department of Human Services Act to allow the
Department to enter into a contract with a not-for-profit
organization to establish a revolving loan program to assist
not-for-profit organizations that work in service
partnerships with the State to maintain and improve their
facilities. Effective July 1, 1997.
LRB9005169NTsb
HB2059 Engrossed LRB9005169NTsb
1 AN ACT to amend the Department of Human Services Act by
2 adding Section 10-30.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Department of Human Services Act is
6 amended by adding Section 10-30 as follows:
7 (20 ILCS 1305/10-30 new)
8 Sec. 10-30. Revolving loan program to maintain and
9 improve not-for-profit organizations' facilities.
10 (a) The Department may enter into a contract with a
11 statewide not-for-profit community development financial
12 institution to establish a revolving loan program for the
13 purpose of assisting Illinois not-for-profit organizations
14 that work in service partnerships with the State to maintain
15 and improve their facilities.
16 (b) The contract shall require all of the following:
17 (1) All principal to be used by the statewide
18 not-for-profit community development financial
19 institution to make loans to qualifying borrowers, to
20 serve as collateral for borrowers, and to leverage other
21 private funds.
22 (2) Participation by a Department representative in
23 screening applicants.
24 (3) Interest to be used to defray administrative
25 costs for borrowers and the statewide not-for-profit
26 community development financial institution, including
27 but not limited to legal fees, underwriting costs, and
28 the cost of required environmental studies.
29 (4) Repaid principal to be used for the same
30 purpose as original principal.
31 (c) This revolving loan program shall be used for the
HB2059 Engrossed -2- LRB9005169NTsb
1 following purposes:
2 (1) To assist not-for-profit organizations in
3 meeting regulatory standards.
4 (2) To enable not-for-profit organizations to
5 comply with the Americans with Disabilities Act.
6 (3) To enable not-for-profit organizations to
7 remove lead and asbestos from their buildings.
8 (4) To encourage not-for-profit organizations to
9 voluntarily make building improvements that increase or
10 improve their ability to serve clients.
11 (5) To support facilities that are appropriate to
12 meeting the goals of the Department, including program
13 mergers, program consolidations, more strategic placement
14 of programs, and more efficient use of space.
15 Section 99. Effective date. This Act takes effect July
16 1, 1997.