Bill Text: IL SB1588 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Illinois Housing Development Act. Provides that the Illinois Housing Development Authority shall not acquire, and contract and enter into, any commitment to acquire a residential mortgage from a lending institution and shall not make any loan to a lending institution or individual if the residential mortgage is for any individual who is not a citizen or legal resident of the United States. Effective immediately.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2010-03-02 - Chief Sponsor Changed to Sen. J. Bradley Burzynski [SB1588 Detail]

Download: Illinois-2009-SB1588-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 SB1588 Introduced 2/19/2009, by Sen. Bill Brady SYNOPSIS AS INTRODUCED:
20 ILCS 3805/7.24i new
Amends the Illinois Housing Development Act. Provides that the Illinois Housing Development Authority shall not acquire, and contract and enter into, any commitment to acquire a residential mortgage from a lending institution and shall not make any loan to a lending institution or individual if the residential mortgage is for any individual who is not a citizen or legal resident of the United States. Effective immediately.
LRB096 09085 JAM 19226 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
SB1588 LRB096 09085 JAM 19226 b
AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Housing Development Act is amended
by adding Section 7.24i as follows:
(20 ILCS 3805/7.24i new)
Sec. 7.24i. Citizenship or legal residency required.
Notwithstanding any other provision of law to the contrary, the
Authority shall not acquire, and contract and enter into, any
commitment to acquire a residential mortgage from a lending
institution and shall not make any loan to a lending
institution or individual if the residential mortgage is for
any individual who is not a citizen or legal resident of the
United States.
Section 99. Effective date. This Act takes effect upon
becoming law.