IL HB5607 | 2015-2016 | 99th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on July 15 2016 - 100% progression
Action: 2016-07-15 - Public Act . . . . . . . . . 99-0556
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on July 15 2016 - 100% progression
Action: 2016-07-15 - Public Act . . . . . . . . . 99-0556
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the Uniform Disposition of Unclaimed Property Act. Provides that a United States Savings bond shall be presumed abandoned when the bond has remained unclaimed and unredeemed for 5 years after its date of final extended maturity. Provides that presumed abandoned and unclaimed bonds escheat to the State. Establishes a procedure by which the State Treasurer may obtain a judicial determination that the bond has escheated to the State.
Title
UNCLAIMED PROP US SAVINGS BOND
Sponsors
| Rep. Louis Lang [D] | Sen. Terry Link [D] |
Roll Calls
2016-05-25 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]
2016-04-19 - House - Third Reading in House (Y: 108 N: 6 NV: 1 Abs: 0) [PASS]
2016-04-19 - House - Third Reading in House (Y: 108 N: 6 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-07-15 | House | Public Act . . . . . . . . . 99-0556 |
| 2016-07-15 | House | Effective Date January 1, 2017 |
| 2016-07-15 | House | Governor Approved |
| 2016-06-23 | House | Sent to the Governor |
| 2016-05-25 | House | Passed Both Houses |
| 2016-05-25 | Senate | Third Reading - Passed; 057-000-000 |
| 2016-05-18 | Senate | Placed on Calendar Order of 3rd Reading May 19, 2016 |
| 2016-05-18 | Senate | Second Reading |
| 2016-05-04 | Senate | Placed on Calendar Order of 2nd Reading May 5, 2016 |
| 2016-05-04 | Senate | Do Pass Judiciary; 009-000-000 |
| 2016-04-27 | Senate | Assigned to Judiciary |
| 2016-04-27 | Senate | Referred to Assignments |
| 2016-04-27 | Senate | First Reading |
| 2016-04-26 | Senate | Chief Senate Sponsor Sen. Terry Link |
| 2016-04-19 | Senate | Placed on Calendar Order of First Reading April 20, 2016 |
| 2016-04-19 | Senate | Arrive in Senate |
| 2016-04-19 | House | Third Reading - Short Debate - Passed 108-006-000 |
| 2016-04-15 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2016-04-15 | House | Second Reading - Short Debate |
| 2016-04-14 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2016-04-14 | House | Do Pass / Short Debate Executive Committee; 010-000-000 |
| 2016-04-08 | House | Committee Deadline Extended-Rule 9(b) April 22, 2016 |
| 2016-03-23 | House | Assigned to Executive Committee |
| 2016-02-10 | House | Referred to Rules Committee |
| 2016-02-10 | House | First Reading |
| 2016-02-09 | House | Filed with the Clerk by Rep. Lou Lang |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 765 | 1025 | 8.1 | Amended Code | Citation Text |
