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SB 3925·IL·senate

HOME EQUITY-FLOOD REBATE

Signed into LawFiled Feb 6, 2026
Sponsor: Mike Porfirio (D)
Latest Action

Public Act . . . . . . . . . 104-0834

Aug 14, 2026

Summary

The bill lets a governing commission create a three‑year program that provides a one‑time rebate of up to 50 % of documented flood‑damage costs, capped at $1,000, to owners of eligible residences. Households must submit qualified receipts to receive the payment, and the commission can set overall limits on how many rebates are issued.

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