Illinois · Senate Bill 3458 · 103rd General Assembly

RESILIENT ILLINOIS LOAN FUND

SB 3458 Sponsored by Michael W. Halpin Died in committee

  1. Introduced Feb 8, 2024
  2. In committee Feb 8, 2024
  3. Died  
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Creates the Resilient Illinois Revolving Loan Fund Act. Establishes the Resilient Illinois Revolving Loan Fund as a special fund in the State treasury. Provides that moneys in the Fund shall be used to provide low-interest or no-interest loans to counties and nonprofit organizations for local resilience projects that address mitigation of hazards. Specifies that moneys in the Fund may also be used for administrative…

Read the full title (193 words)

Creates the Resilient Illinois Revolving Loan Fund Act. Establishes the Resilient Illinois Revolving Loan Fund as a special fund in the State treasury. Provides that moneys in the Fund shall be used to provide low-interest or no-interest loans to counties and nonprofit organizations for local resilience projects that address mitigation of hazards. Specifies that moneys in the Fund may also be used for administrative support associated with the Fund, including the hiring of necessary staff. Tasks the Illinois Emergency Management Agency and Office of Homeland Security with the Fund's administration. Requires the Director of the Illinois Emergency Management Agency and Office of Homeland Security (IEMA-OHS) to apply to the Federal Emergency Management Agency when funding is available under the federal STORM Act to capitalize the Fund. Directs IEMA-OHS to prioritize providing loans to projects it determines to have the greatest impact on eliminating hazards. Provides that the Fund shall be administered, operated, and maintained to remain available in perpetuity to provide loans and other financial assistance. Requires the Agencies to establish application procedures and eligibility criteria for loans from the Fund. Amends the State Finance Act to make a conforming change. Effective immediately.

Every action

10 steps, oldest first, as the legislature records them.

  1. SenateFiled with Secretary by Sen. Michael W. Halpin
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Appropriations · Senate Appropriations
  5. SenateRule 2-10 Committee Deadline Established As April 5, 2024
  6. SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  7. SenateRule 2-10 Committee Deadline Established As May 3, 2024
  8. SenateRule 2-10 Committee/3rd Reading Deadline Established As May 17, 2024
  9. CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
  10. SenateSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Democrat.

All 1 cosponsor

From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.