IL HB4640 | 2009-2010 | 96th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on October 9 2009 - 25% progression, died in committee
Action: 2009-10-13 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on October 9 2009 - 25% progression, died in committee
Action: 2009-10-13 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Counties Code. Provides that a county treasurer may, after receiving approval from the county board, establish an escrow fund for the safekeeping of moneys paid to the treasurer on behalf of property taxpayers. Protects money in these funds from judgment, attachment, execution, and seizure for the satisfaction of debts. Authorizes county treasurers to establish terms and conditions relating to these funds. Requires interest earned on these funds to be paid to the county treasury to offset administrative costs. Amends the Code of Civil Procedure to exempt qualified moneys in these funds from judgment, attachment, execution, and seizure for the satisfaction of debts. Effective immediately.
Title
COUNTIES CD-COUNTY ESCROW FUND
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2009-10-13 | Referred to Rules Committee | |
| 2009-10-13 | First Reading | |
| 2009-10-09 | Filed with the Clerk by Rep. Michael G. Connelly |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4640&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
| Text | https://www.ilga.gov/legislation/96/HB/09600HB4640.htm |
