HOME EQUITY ASSURANCE-LOANS House SponsorsRep. Lindsey LaPointe-Will Guzzardi-Eva-Dina Delgado-Aaron M. Ortiz-Angelica Guerrero-Cuellar, Theresa Mah, Lilian Jiménez, Sonya M. Harper and Brad Stephens Senate Sponsors(Sen. Robert F. Martwick, Cristina Castro, Rachel Ventura, Adriane Johnson, Mary Edly-Allen and Emil Jones, III) 8/5/2024HousePublic Act . . . . . . . . . 103-0737 65 ILCS 95/11from Ch. 24, par. 1611 Amends the Home Equity Assurance Act. In provisions authoring a governing commission with no less than $4,000,000 in its guarantee fund to establish a Low Interest Home Improvement Loan Program, provides that the loan may be used for repair or maintenance of a guaranteed residence's water and sewer pipes and repair of a guaranteed residence, including, but not limited to, basement repairs, following flooding damage or other natural disaster damage to the property (rather than following flooding damage to the property). Provides that a commission may use loan funds to issue a grant or rebate for repairs, maintenance, remodeling, alteration, or improvement of a guaranteed residence for purposes of preventing or repairing damage as a result of a natural disaster, including, but not limited to, flooding. 2/7/2024HouseFiled with the Clerk by Rep. Lindsey LaPointe 2/7/2024HouseFirst Reading 2/7/2024HouseReferred to Rules Committee 3/5/2024HouseAssigned to Housing 3/21/2024HouseAdded Chief Co-Sponsor Rep. Will Guzzardi 3/21/2024HouseDo Pass / Short Debate Housing; 012-005-000 3/21/2024HousePlaced on Calendar 2nd Reading - Short Debate 4/11/2024HouseSecond Reading - Short Debate 4/11/2024HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/16/2024HouseAdded Co-Sponsor Rep. Theresa Mah 4/16/2024HouseAdded Co-Sponsor Rep. Lilian Jiménez 4/16/2024HouseAdded Co-Sponsor Rep. Sonya M. Harper 4/16/2024HouseAdded Co-Sponsor Rep. Brad Stephens 4/16/2024HouseAdded Chief Co-Sponsor Rep. Eva-Dina Delgado 4/16/2024HouseAdded Chief Co-Sponsor Rep. Aaron M. Ortiz 4/16/2024HouseAdded Chief Co-Sponsor Rep. Angelica Guerrero-Cuellar 4/16/2024HouseThird Reading - Short Debate - Passed 073-038-000 4/17/2024SenateArrive in Senate 4/17/2024SenatePlaced on Calendar Order of First Reading 4/17/2024SenateChief Senate Sponsor Sen. Robert F. Martwick 4/17/2024SenateFirst Reading 4/17/2024SenateReferred to Assignments 4/24/2024SenateAssigned to Judiciary 5/1/2024SenateDo Pass Judiciary; 009-000-000 5/1/2024SenatePlaced on Calendar Order of 2nd Reading May 2, 2024 5/2/2024SenateSecond Reading 5/2/2024SenatePlaced on Calendar Order of 3rd Reading May 7, 2024 5/15/2024SenateThird Reading - Passed; 040-015-000 5/15/2024HousePassed Both Houses 5/24/2024SenateAdded as Alternate Co-Sponsor Sen. Cristina Castro 5/24/2024SenateAdded as Alternate Co-Sponsor Sen. Rachel Ventura 5/24/2024SenateAdded as Alternate Co-Sponsor Sen. Adriane Johnson 5/24/2024SenateAdded as Alternate Co-Sponsor Sen. Mary Edly-Allen 5/25/2024SenateAdded as Alternate Co-Sponsor Sen. Emil Jones, III 6/13/2024HouseSent to the Governor 8/2/2024HouseGovernor Approved 8/2/2024HouseEffective Date January 1, 2025 8/5/2024HousePublic Act . . . . . . . . . 103-0737