AN ACT ESTABLISHING A REVOLVING LOAN FUND TO ASSIST ELDERLY HOMEOWNERS.
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SB 816 — AN ACT ESTABLISHING A REVOLVING LOAN FUND TO ASSIST ELDERLY HOMEOWNERS.
Last action — FAV. CHG. OF REF. HOUSE TO COMM. ON Appropriations
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 2021 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Bill Text
What changed in the latest version
15 added · 17 removed15 line(s) added, 17 removed.
The fund shall contain any moneys required by law to be deposited in the fund, including,butnotlimitedto,paymentsofprincipalandinterestonloans LCO 1706 \\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-00816-R01 of 3 SB.docx Raised Bill No.
1706816 1 of 3 Raised Bill No.816 made from the fund.
The fund shall be administered by the Secretary of theOffice ofPolicy andManagement andshallbeusedto (1)make loans attheprevailingrateofinterestpursuanttosubsection(c)ofthissection, andand(2)pay (2) to pay reasonable andandnecessary necessaryexpensesincurredby expensesthesecretary incurred by the secretary in administering loans under this section.
Any balance remaining in the fund at the end of any fiscal year shall be carriedforwardinthefundforthefiscalyearnextsucceeding.Paymentscarried offorward principalin or interest on a loan made pursuant to this section shall be paid to the Statefund Treasurer for depositthe infiscal theyear fund.next succeeding.
Payments of principalorinterestonaloanmadepursuanttothissectionshallbepaid to the State Treasurer for deposit in the fund.
(d) The Secretary of the Office of Policy and Management may adopt LCO 1706 {\\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-00812 of 3 R01-SB.docx } Raised Bill No.
1706 2 of 3 Raised Bill No.
Section 1 October 1, 2021 New section StatementAGE Joint Favorable C/R APP LCO 1706 R01-SB.docx }OUSERS\FORZANOF\WS\2021SB-00816- 3 of Purpose:3
To establish a revolving loan fund to help financially distressed senior citizens to pay property taxes.
[Proposed deletions are enclosed in brackets.
Proposed additions are indicated by underline, except underlined.]e entire text of a bill or resolution or a section of a bill or resolution is new, it is not LCO No.
1706 3 of 3
Action History
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FAV. CHG. OF REF. HOUSE TO COMM. ON Appropriations
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FAV. CHG. OF REF., SEN. TO COMM. ON Appropriations
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RPTD. OUT OF LCO
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FILED WITH LCO
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Joint Favorable Change of Reference APP
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PUBLIC HEARING 0209
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REF. TO JOINT COMM. ON Aging
Sponsors
- Kevin C. Kelly · Primary
- Michael DiGiovancarlo · Primary
- Paul M. Formica · Primary
Sponsorship breakdown
Export CSV (upgrade) →3 sponsors · 0 co-sponsors · 184 not signed on
Sponsors (3)
- Kevin C. Kelly
- Michael DiGiovancarlo Democratic
- Formica, Paul M.
Co-sponsors (0)
None.
Not signed on (184)
184 members have not signed on to this bill.
Show all 184 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- Who sponsors SB 816?
- SB 816 is sponsored by Kevin C. Kelly, Michael DiGiovancarlo (Democratic), and Formica, Paul M..
- What is the current status of SB 816?
- This bill died with 2021 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 816?
- Track SB 816 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 2 months ago · updated continuously
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