DCEO-VACANT BLDG LOANS House SponsorsRep. Keith Farnham-Jehan A. Gordon-Eddie Lee Jackson, Sr.-Kenneth Dunkin-Al Riley and Esther Golar Senate Sponsors(Sen. Toi W. Hutchinson-M. Maggie Crotty-Emil Jones, III-Linda Holmes-Mattie Hunter and Kimberly A. Lightford) 8/11/2009HousePublic Act . . . . . . . . . 96-0296 20 ILCS 605/605-337 new Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Allows the Department to implement and administer a pilot program during fiscal years 2010 and 2011 to encourage businesses to restore, refurbish, and retrofit existing buildings that have been vacant for at least 90 continuous days so that a business is able to occupy the building as a retail, professional, corporate, manufacturing, assembly, or distribution business. Subject to appropriation, allows the Department may make interest free loans for this purpose, but loans may not be made for any building that would be used for residential purposes. Provides that loans shall be for a term of 10 years, and the borrower must repay at least 5% of the original principal amount of the loan each year and the balance at the end of the term. On or before April 1, 2011, requires the Department to report to the General Assembly on the effectiveness of the pilot program and recommend whether it should be extended. Effective July 1, 2009. 2/24/2009HouseFiled with the Clerk by Rep. Keith Farnham 2/24/2009HouseFirst Reading 2/24/2009HouseReferred to Rules Committee 3/3/2009HouseAssigned to Infrastructure Committee 3/12/2009HouseDo Pass / Short Debate Infrastructure Committee; 012-000-000 3/12/2009HousePlaced on Calendar 2nd Reading - Short Debate 3/17/2009HouseSecond Reading - Short Debate 3/17/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/19/2009HouseAdded Chief Co-Sponsor Rep. Jehan A. Gordon 4/1/2009HouseAdded Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr. 4/1/2009HouseAdded Chief Co-Sponsor Rep. Kenneth Dunkin 4/1/2009HouseAdded Chief Co-Sponsor Rep. Al Riley 4/1/2009HouseAdded Co-Sponsor Rep. Esther Golar 4/1/2009HouseThird Reading - Short Debate - Passed 088-026-000 4/2/2009SenateArrive in Senate 4/2/2009SenatePlaced on Calendar Order of First Reading April 21, 2009 4/2/2009SenateChief Senate Sponsor Sen. Toi W. Hutchinson 4/2/2009SenateAdded as Alternate Chief Co-Sponsor Sen. M. Maggie Crotty 4/15/2009SenateFirst Reading 4/15/2009SenateReferred to Assignments 4/21/2009SenateAdded as Alternate Chief Co-Sponsor Sen. Emil Jones, III 4/22/2009SenateAssigned to Commerce 4/30/2009SenatePostponed - Commerce 5/1/2009SenateAdded as Alternate Chief Co-Sponsor Sen. Linda Holmes 5/7/2009SenateDo Pass Commerce; 008-000-000 5/7/2009SenatePlaced on Calendar Order of 2nd Reading May 12, 2009 5/12/2009SenateSecond Reading 5/12/2009SenatePlaced on Calendar Order of 3rd Reading May 13, 2009 5/14/2009SenateAdded as Alternate Chief Co-Sponsor Sen. Mattie Hunter 5/14/2009SenateAdded as Alternate Co-Sponsor Sen. Kimberly A. Lightford 5/14/2009SenateThird Reading - Passed; 055-000-000 5/14/2009HousePassed Both Houses 6/12/2009HouseSent to the Governor 8/11/2009HouseGovernor Approved 8/11/2009HouseEffective Date August 11, 2009 8/11/2009HousePublic Act . . . . . . . . . 96-0296