House Sponsors: MOFFITT-SMITH,MICHAEL-RUTHERFORD-BOST-TENHOUSE, FRANKS, BRADY, JOHNSON, DAVIS,STEVE, MATHIAS, MCGUIRE, MITCHELL,BILL, POE, MITCHELL,JERRY, TURNER,JOHN, RYAN, REITZ, BELLOCK, LYONS,EILEEN, GRANBERG, MEYER, WINKEL, BEAUBIEN AND SCHOENBERG. Senate Sponsors: SULLIVAN-DONAHUE-NOLAND-BOMKE Short description: DCCA-FIRE TRUCK LOAN PROGRAM Synopsis of Bill as introduced: Amends the Department of Commerce and Community Affairs Law of the Civil Administrative Code of Illinois. Provides that DCCA shall administer a fire truck revolving loan program to provide zero interest loans for the purchase of fire trucks by a fire department or a fire protection district. Provides that DCCA shall determine eligibility for the loans based on need as determined by the Department and that the loan funds, subject to appropriation, shall be paid out of the Fire Truck Revolving Loan Fund, a special fund in the State treasury. Provides that (i) a loan for the purchase of fire trucks may not exceed $250,000 to any fire department or fire protection district; (ii) the repayment period for the loan may not exceed 20 years; and (iii) the fire department or fire protection district must repay each year at least 5% of the principal amount borrowed or the remaining balance of the loan, whichever is less. Provides that the Department shall adopt rules to administer the program. Amends the State Finance Act to create the Fund. HOUSE AMENDMENT NO. 1. Deletes reference to: 20 ILCS 605/605-917 new Adds reference to: 15 ILCS 505/20 new Deletes everything after the enacting clause. Amends the State Treasurer Act. Provides that the Treasurer shall administer a fire truck revolving loan program to provide zero interest loans for the purchase of fire trucks by a fire department or a fire protection district. Provides that the Treasurer shall determine eligibility for the loans based on need as determined by the Treasurer and that the loan funds, subject to appropriation, shall be paid out of the Fire Truck Revolving Loan Fund, a special fund in the State treasury. Provides that (i) a loan for the purchase of fire trucks may not exceed $250,000 to any fire department or fire protection district; (ii) the repayment period for the loan may not exceed 20 years; and (iii) the fire department or fire protection district must repay each year at least 5% of the principal amount borrowed or the remaining balance of the loan, whichever is less. Provides that the Treasurer shall adopt rules to administer the program. Amends the State Finance Act to create the Fund. SENATE AMENDMENT NO. 2. Deletes reference to: 15 ILCS 505/20 new 30 ILCS 105/5.545 new Adds reference to: 765 ILCS 1025/10.6 765 ILCS 1025/11 from Ch. 141, par. 111 765 ILCS 1025/12 from Ch. 141, par. 112 765 ILCS 1025/18 from Ch. 141, par. 118 765 ILCS 1025/20 from Ch. 141, par. 120 Deletes everything. Amends the Uniform Disposition of Unclaimed Property Act. Provides for an exemption from this Act for gift certificates or gift cards that contain an expiration date or expiration period issued by a nonprofit organization as defined under Section 501(c)(3) of the Internal Revenue Code. Provides that a holder or any party with information about the owner is prohibited from charging a fee or service charge to an owner in order to prevent abandonment from being presumed. Provides for confidentiality of information provided to the State Treasurer under the Act. Changes the notice requirements to owners. Provides that the proceeds in excess of $2,500,000 from the sale of abandoned property shall be deposited into the State Pensions Fund (instead of into a separate trust fund for the payment of claims). Requires any person or company charging a fee for discovering presumptively abandoned property to be a licensed private detective. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1 END OF INQUIRY Full Text Bill Status