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91_HB1247enr HB1247 Enrolled LRB9101473SMpr 1 AN ACT to amend the Civil Administrative Code of Illinois 2 by adding Section 46.19k. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The Civil Administrative Code of Illinois is 6 amended by adding Section 46.19k as follows: 7 (20 ILCS 605/46.19k new) 8 Sec. 46.19k. Family loan program. 9 (a) From amounts appropriated for such purpose, the 10 Department in consultation with the Department of Human 11 Services shall solicit proposals to establish programs to be 12 known as family loan programs. Such programs shall provide 13 small, no-interest loans to custodial parents with income 14 below 200% of the federal poverty level and who are working 15 or enrolled in a post-secondary education program, to aid in 16 covering the costs of unexpected expenses that could 17 interfere with their ability to maintain employment or 18 continue education. Loans awarded through a family loan 19 program may be paid directly to a third party on behalf of a 20 loan recipient and in either case shall not constitute income 21 or resources for the purposes of public assistance and care 22 so long as the funds are used for the intended purpose. 23 (b) The Director shall enter into written agreements with 24 not-for-profit organizations or local government agencies to 25 administer loan pools. Agreements shall be entered into with 26 no more than 4 organizations or agencies, no more than one of 27 which shall be located in the city of Chicago. 28 (c) Program sites shall be approved based on the 29 demonstrated ability of the organization or governmental 30 agency to secure funding from private or public sources 31 sufficient to establish a loan pool to be maintained through HB1247 Enrolled -2- LRB9101473SMpr 1 repayment agreements entered into by eligible low-income 2 families. Funds awarded by the Department to approved 3 program sites shall be used for the express purposes of 4 covering staffing and administration costs associated with 5 administering the loan pool.