Bill Text: IL HB4921 | 2023-2024 | 103rd General Assembly | Chaptered
Bill Title: Amends the Home Equity Assurance Act. In provisions authoring a governing commission with no less than $4,000,000 in its guarantee fund to establish a Low Interest Home Improvement Loan Program, provides that the loan may be used for repair or maintenance of a guaranteed residence's water and sewer pipes and repair of a guaranteed residence, including, but not limited to, basement repairs, following flooding damage or other natural disaster damage to the property (rather than following flooding damage to the property). Provides that a commission may use loan funds to issue a grant or rebate for repairs, maintenance, remodeling, alteration, or improvement of a guaranteed residence for purposes of preventing or repairing damage as a result of a natural disaster, including, but not limited to, flooding.
Spectrum: Strong Partisan Bill (Democrat 14-1)
Status: (Passed) 2024-08-05 - Public Act . . . . . . . . . 103-0737 [HB4921 Detail]
Download: Illinois-2023-HB4921-Chaptered.html
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| Public Act 103-0737 | ||||
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AN ACT concerning local government.
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Be it enacted by the People of the State of Illinois, | ||||
represented in the General Assembly:
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Section 5. The Home Equity Assurance Act is amended by | ||||
changing Section 11 as follows:
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