Illinois SB3825 authorizes the Illinois Environmental Protection Agency to issue up to $2 billion in bonds for lead service line replacement loans.
Illinois SB3825, known as the Lead Service Line Replacement Bonding Act, authorizes the Illinois Environmental Protection Agency to issue bonds up to $2 billion to fund the Lead Service Line Replacement Loans Program. This program provides low-interest or zero-interest loans for replacing lead service lines, which pose a serious risk to public health, particularly to children and pregnant persons. The bond proceeds may also be used for principal forgiveness, costs of issuance and administration, and refinancing or refunding of similar obligations.
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