Illinois House Bill 957 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 24 2013 - 25% progression, died in chamber
Action: 2013-05-01 - Tabled
Text: Latest bill text (Introduced) [HTML]

Amends the Public Funds Deposit Act. Provides that a depository institution that intends to close, relocate, or consolidate a branch location that impacts a low-income, moderate-income, or economically depressed urban or rural community must comply with certain advance notice and hearing requirements. Provides for the State Treasurer to hold a public hearing and determine whether it is in the best interests of the State to allow the closing, relocation, or consolidation. Provides that if the institution does not abide with a determination by the State Treasurer adverse to the institution's intent, then it may not receive or retain deposits of public funds. Effective immediately.

PUBLIC FUNDS-BRANCH CLOSINGS

Rep. LaShawn Ford [D]

Date	Chamber	Action
2013-05-01	House	Tabled
2013-03-22	House	Rule 19(a) / Re-referred to Rules Committee
2013-03-19	House	Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. La Shawn K. Ford
2013-02-04	House	Assigned to Financial Institutions Committee
2013-01-25	House	Referred to Rules Committee
2013-01-25	House	First Reading
2013-01-24	House	Filed with the Clerk by Rep. La Shawn K. Ford

Chapter	Article	Section	Citation Type	Statute Text
30	225	1.5	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=957&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB0957.htm