Illinois Senate Bill 1264 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on August 23 2019 - 100% progression
Action: 2019-08-23 - Public Act . . . . . . . . . 101-0546
Text: Latest bill text (Chaptered) [HTML]

Amends the Revised Uniform Unclaimed Property Act. Provides, with exceptions, that the Act does not apply to any annuity, pension, or benefit fund held in a fiduciary capacity by a retirement system, pension fund, or investment board created under any Article of the Illinois Pension Code. Provides that property presumed abandoned in an annuity, pension, or benefit fund shall be reported by the retirement system, pension fund, or investment board to the administrator. Provides that no retirement system, pension fund, or investment board shall pay or deliver any annuity, pension, or benefit fund to the administrator. Provides, with exceptions, that the provisions are retroactive to January 1, 2018. Provides that a retirement system, pension fund, or investment board created under specified Articles of the Illinois Pension Code shall meet or exceed specified minimum standards for due diligence if an annuity, pension, or benefit fund would otherwise be presumed abandoned. Provides that a retirement system, pension fund, or investment board does not need to engage in due diligence if: the property is no longer presumptively abandoned because an apparent owner responds or otherwise indicates interest in the property in response to the due diligence efforts; or the property has a value of less than $50. Provides that the administrator and each retirement system, pension fund, and investment board shall enter into an interagency agreement concerning the implementation of the compliance provisions.

UNCLAIMED PROPERTY-PENSIONS

Sen. Omar Aquino [D]

Sen. Robert Martwick [D]

2019-05-31 - Senate - Concurrence in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
2019-05-26 - House - Third Reading in House (Y: 106 N: 0 NV: 2 Abs: 4) [PASS]
2019-04-10 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]

Date	Chamber	Action
2019-08-23	Senate	Public Act . . . . . . . . . 101-0546
2019-08-23	Senate	Effective Date January 1, 2020
2019-08-23	Senate	Governor Approved
2019-06-28	Senate	Sent to the Governor
2019-05-31	Senate	Passed Both Houses
2019-05-31	Senate	Senate Concurs
2019-05-31	Senate	House Floor Amendment No. 1 Senate Concurs 058-000-001
2019-05-28	Senate	House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Government Accountability and Ethics; 010-000-000
2019-05-28	Senate	House Floor Amendment No. 1 Motion to Concur Assignments Referred to Government Accountability and Ethics
2019-05-27	Senate	House Floor Amendment No. 1 Motion to Concur Referred to Assignments
2019-05-27	Senate	House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Omar Aquino
2019-05-27	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 28, 2019
2019-05-27	Senate	Secretary's Desk - Concurrence House Amendment(s) 1
2019-05-26	House	Third Reading - Short Debate - Passed 106-000-000
2019-05-24	House	Final Action Deadline Extended-9(b) May 31, 2019
2019-05-21	House	Placed on Calendar Order of 3rd Reading - Short Debate
2019-05-21	House	House Floor Amendment No. 1 Adopted
2019-05-21	House	Second Reading - Short Debate
2019-05-16	House	House Floor Amendment No. 1 Recommends Be Adopted Revenue & Finance Committee; 014-000-000
2019-05-14	House	House Floor Amendment No. 1 Rules Refers to Revenue & Finance Committee
2019-05-09	House	House Floor Amendment No. 1 Referred to Rules Committee
2019-05-09	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Robert Martwick
2019-05-09	House	Placed on Calendar 2nd Reading - Short Debate
2019-05-09	House	Do Pass / Short Debate Revenue & Finance Committee; 015-000-000
2019-04-24	House	Assigned to Revenue & Finance Committee
2019-04-10	House	Referred to Rules Committee
2019-04-10	House	First Reading
2019-04-10	House	Chief House Sponsor Rep. Robert Martwick
2019-04-10	House	Arrived in House
2019-04-10	Senate	Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
2019-04-10	Senate	Third Reading - Passed; 056-000-001
2019-04-09	Senate	Placed on Calendar Order of 3rd Reading April 10, 2019
2019-04-09	Senate	Second Reading
2019-04-09	Senate	Senate Floor Amendment No. 1 Pursuant to Senate Rule 3-8(b-1), this amendment will remain in the Committee on Assignments.
2019-04-05	Senate	Senate Floor Amendment No. 1 Referred to Assignments
2019-04-05	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Omar Aquino
2019-03-13	Senate	Placed on Calendar Order of 2nd Reading March 14, 2019
2019-03-13	Senate	Do Pass Government Accountability and Ethics; 009-000-000
2019-03-06	Senate	Postponed - Government Accountability and Ethics
2019-02-13	Senate	Assigned to Government Accountability and Ethics
2019-02-06	Senate	Referred to Assignments
2019-02-06	Senate	First Reading
2019-02-06	Senate	Filed with Secretary by Sen. Omar Aquino

Chapter	Article	Section	Citation Type	Statute Text
765	1026	15-1505	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1264&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB1264.htm
Text	https://www.ilga.gov/legislation/101/SB/10100SB1264eng.htm
Text	https://www.ilga.gov/legislation/101/SB/10100SB1264enr.htm
Text	https://www.ilga.gov/legislation/publicacts/101/101-0546.htm
Amendment	https://www.ilga.gov/legislation/101/SB/10100SB1264sam001.htm
Amendment	https://www.ilga.gov/legislation/101/SB/10100SB1264ham001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/101/senate/10100SB1264_04102019_015000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/101/house/10100SB1264_05262019_015000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/101/senate/10100SB1264ham001_05312019_039000C.pdf