Bill > SB1430

This bill amends the Environmental Protection Act to specifically allow the wastewater treatment facility located in the Village of Lisbon, Kendall County (at 200 East Joliet Street) to apply for the Water Pollution Control Loan Program for the purpose of refinancing existing debt. The Water Revolving Fund, which is part of the State Treasury, contains three special programs: the Water Pollution Control Loan Program, the Public Water Supply Loan Program, and the Loan Support Program. These programs are administered by the Agency (the Illinois Environmental Protection Agency) and are designed to provide financial assistance to local government units for water-related infrastructure projects, including loans at below-market interest rates, grants, and debt refinancing. The bill adds a specific provision to enable the Lisbon wastewater treatment facility to access these loan programs, which previously had more general eligibility criteria. This targeted amendment will allow the facility to potentially refinance its existing debt under the Water Pollution Control Loan Program, which could provide financial relief or more favorable lending terms for the local wastewater treatment facility.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1430&GAID=18&DocTypeID=SB&SessionID=114&GA=104