Senate Sponsors: LAUZEN-RAUSCHENBERGER-DUDYCZ-RADOGNO-OBAMA, HALVORSON AND TROTTER. House Sponsors: ZICKUS-FEIGENHOLTZ-SAVIANO-ERWIN-RONEN Short description: LEAD ABATEMNT-TORRENS ACT FUND Synopsis of Bill as introduced: Amends the Registered Titles (Torrens) Act. In a provision requiring the county treasurer to report to the county board on the condition and income of the indemnity fund held by the treasurer to satisfy claims against the county related to this Act, provides that the report shall show the claims made against the fund and paid by the fund for each of the prior 10 years and that if the report shows that the average amount of claims paid over the prior 10 years from the fund have been less than 5% of the fund's total current balance, and the claims have not exceeded 5% of the current fund in any single year, then the county board may preserve no less than 20 times the highest amount of total claims paid in any single year over the prior 10 years, and release the remainder of the fund to finance the abatement of lead paint in structures where children may be at risk. Provides that upon the statutory expiration of all potential claims to the fund, the entirety of the fund may be used for lead abatement, or other related purposes as the county board may then determine. Effective immediately. SENATE AMENDMENT NO. 1. Adds reference to: 765 ILCS 35/100.1 new Deletes everything. Reinserts language directing the county treasurer to report regarding claims against the county related to this Act over the prior 10 years. Establishes the lead poisoning prevention fund to be used to provide financial assistance to owners of residential property located within the county to pay for the costs associated with lead mitigation and abatement, and other related activities. Provides for excess money in the indemnity fund to be deposited into the lead poisoning prevention fund. Provides that upon the statutory expiration of all potential claims to the indemnity fund, the entirety of the indemnity fund shall be placed in the lead poisoning prevention fund. Effective immediately. HOUSE AMENDMENT NO. 2. (House recedes May 22, 1998) Deletes reference to: 765 ILCS 35/100.1 new Adds reference to: 765 ILCS 35/102.1 new 765 ILCS 35/102.2 new Deletes everything. Amends the Registered Titles (Torrens) Act. Provides that the county board may determine whether there are excess funds in the indemnity fund and may transfer any excess funds to a lead poisoning prevention fund or may use the funds for the benefit of owners of real property in the county provided certain conditions related to the lead poisoning prevention fund are met first. Creates the lead poisoning prevention fund to provide financial assistance to owners of residential property located within the county to pay for the cost associated with lead mitigation and abatement and related activities. Provides for how the fund shall be used. Effective immediately. CONFERENCE COMMITTEE REPORT NO. 1. Recommends that the House recede from H-am 2. Recommends that the bill be amended as follows: Deletes everything. Amends the Registered Titles (Torrens) Act. Provides that the county board may determine whether there are excess funds in the indemnity fund and may transfer any excess funds to be expended for lead poisoning prevention or may use the funds for the benefit of owners of real property in the county provided certain conditions related to the lead poisoning prevention fund are met first. Creates the lead poisoning prevention fund to provide financial assistance to owners of residential property located within the county to pay for the cost associated with lead mitigation and abatement and related activities. Provides for how the fund shall be used. Effective immediately. Last action on Bill: PUBLIC ACT.............................. 90-0778 Last action date: 98-08-14 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1 END OF INQUIRY Full Text Bill Status