Bill Text: IL SB1281 | 2015-2016 | 99th General Assembly | Enrolled

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Illinois Act on the Aging. Provides that the Department on Aging has the power and duty to develop the content and format of a statement regarding non-recourse reverse mortgage loans under a specified provision of the Illinois Banking Act. Provides that the statement shall provide independent consumer information regarding the potential benefits and risks associated with non-recourse reverse mortgages, potential alternatives to non-recourse reverse mortgages, and the availability of independent counseling services, including services provided by nonprofit agencies certified by the federal government to provide required counseling for non-recourse reverse mortgages insured by the federal government. Amends the Illinois Banking Act. Provides that a reverse mortgage may be subject to any additional terms and conditions imposed by a lender that are required under the provisions of the federal Housing and Community Development Act of 1987 to enable the lender to obtain federal government insurance on mortgage borrowers 62 years of age or older if the loans are to be insured under that Act. Makes changes to provisions concerning the definition of a "reverse mortgage" and other definitions, repayment obligations under a reverse mortgage, disclosure requirements, restrictions on cross-selling, and certification requirements. Repeals a provision that regulated reverse mortgages. Amends the Savings Bank Act. Repeals a provision concerning reverse mortgage disclosures. Amends the Illinois Credit Union Act. Removes a provision concerning credit unions making reverse mortgages. Removes the definition of "real estate". Amends the Residential Mortgage License Act of 1987. Makes corresponding changes requiring licensees to follow the requirements of the Illinois Banking Act.

Spectrum: Moderate Partisan Bill (Democrat 9-1)

Status: (Vetoed) 2016-11-30 - Bill Dead - Amendatory Veto [SB1281 Detail]

Download: Illinois-2015-SB1281-Enrolled.html

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AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Environmental Protection Act is amended by
adding Section 14.7 as follows:
(415 ILCS 5/14.7 new)
Sec. 14.7. Preservation of community water supplies.
(a) The Agency shall adopt rules governing certain
corrosion prevention projects carried out on community water
supplies. Those rules shall not apply to buried pipelines
including, but not limited to, pipes, mains, and joints. The
rules shall exclude routine maintenance activities of
community water supplies including, but not limited to, the use
of protective coatings applied by the owner's utility personnel
during the course of performing routine maintenance
activities. The activities may include, but not be limited to,
the painting of fire hydrants; routine over-coat painting of
interior and exterior building surfaces such as floors, doors,
windows, and ceilings; and routine touch-up and over-coat
application of protective coatings typically found on water
utility pumps, pipes, tanks, and other water treatment plant
appurtenances and utility owned structures. Those rules shall
include:

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(1) standards for ensuring that community water
supplies carry out corrosion prevention and mitigation
methods according to corrosion prevention industry
standards adopted by the Agency;
(2) requirements that community water supplies use:
(A) protective coatings personnel to carry out
corrosion prevention and mitigation methods on exposed
water treatment tanks, exposed non-concrete water
treatment structures, exposed water treatment pipe
galleys; exposed pumps; and generators; the Agency
shall not limit to protective coatings personnel any
other work relating to prevention and mitigation
methods on any other water treatment appurtenances
where protective coatings are utilized for corrosion
control and prevention to prolong the life of the water
utility asset; and
(B) inspectors to ensure that best practices and
standards are adhered to on each corrosion prevention
project; and
(3) standards to prevent environmental degradation
that might occur as a result of carrying out corrosion
prevention and mitigation methods including, but not
limited to, standards to prevent the improper handling and
containment of hazardous materials, especially lead paint,
removed from the exterior of a community water supply.
In adopting rules under this subsection (a), the Agency

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shall obtain input from corrosion industry experts
specializing in the training of personnel to carry out
corrosion prevention and mitigation methods.
(b) As used in this Section:
"Community water supply" has the meaning ascribed to that
term in Section 3.145 of this Act.
"Corrosion" means a naturally occurring phenomenon
commonly defined as the deterioration of a metal that results
from a chemical or electrochemical reaction with its
environment.
"Corrosion prevention and mitigation methods" means:
the preparation, application, installation, removal,
or general maintenance as necessary of a protective coating
system, including any or more of the following:
(A) surface preparation and coating application on
the exterior or interior of a community water supply;
or
(B) shop painting of structural steel fabricated
for installation as part of a community water supply.
"Corrosion prevention project" means carrying out
corrosion prevention and mitigation methods. "Corrosion
prevention project" does not include clean-up related to
surface preparation.
(c) This Section shall apply to only those projects
receiving 100% funding from the State.
(d) Any contractors providing services covered by this

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Section shall comply with Section 30-22 of the Illinois
Procurement Code. The requirements of this Section do not apply
to an individual licensed under the Professional Engineering
Practice Act of 1989 or the Structural Engineering Act of 1989.
Section 10. The Illinois Highway Code is amended by adding
Section 4-106 as follows:
(605 ILCS 5/4-106 new)
Sec. 4-106. Preservation of bridge infrastructure.
(a) The Department may adopt rules governing all corrosion
prevention projects carried out on eligible bridges. Rules may
include a process for ensuring that corrosion prevention and
mitigation methods are carried out according to corrosion
prevention industry standards adopted by the Department for
eligible bridges that include:
(1) a plan to prevent environmental degradation that
could occur as a result of carrying out corrosion
prevention and mitigation methods including the careful
handling and containment of hazardous materials; and
(2) consulting and interacting directly with, for the
purpose of utilizing trained personnel specializing in the
design and inspection of corrosion prevention and
mitigation methods on bridges.
(b) As used in this Section:
"Corrosion" means a naturally occurring phenomenon

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commonly defined as the deterioration of a metal that results
from a chemical or electrochemical reaction with its
environment.
"Corrosion prevention and mitigation methods" means:
(1) the preparation, application, installation,
removal, or general maintenance as necessary of a
protective coating system including the following:
(A) surface preparation and coating application on
an eligible bridge, but does not include gunnite or
similar materials; or
(B) shop painting of structural steel fabricated
for installation as part of an eligible bridge.
"Corrosion prevention project" means carrying out
corrosion prevention and mitigation methods during
construction, alteration, maintenance, repair work on
permanently exposed portions of an eligible bridge, or at any
other time necessary on an eligible bridge. "Corrosion
prevention project" does not include traffic control or
clean-up related to surface preparation or the application of
any curing compound or other substance onto or into any cement,
cementitious substrate, or bituminous material.
"Eligible bridge" means a bridge or overpass the
construction, alteration, maintenance, or repair work on which
is 100% funded by the State. "Eligible bridge" does not include
a bridge or overpass that is being demolished, removed, or
replaced.

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(c) The requirements of this Section do not apply to an
individual licensed under the Professional Engineering
Practice Act of 1989 or the Structural Engineering Act of 1989.
Section 99. Effective date. This Act takes effect July 1,
2016.