Illinois House Bill 2677 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-04-12 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Revised Uniform Unclaimed Property Act. Makes changes concerning the time and circumstances under which financial organization deposits are presumed abandoned. Makes changes in provisions governing extending the reporting date of certain reported renewable time deposits. Deletes language requiring a holder to inform the administrator to provide a telephone number to contact the administrator to inquire about or claim property. Provides that the administrator does not need to notify the Department of Revenue of the names or social security numbers of apparent owners of abandoned property if he or she reasonably believes that the Department of Revenue will be unable to provide information that would provide sufficient evidence to establish that the person in the Department of Revenue's records is the apparent owner of unclaimed property in the custody of the administrator. Provides that the State Treasurer may, at reasonable times and upon reasonable notice: (1) examine the records of specified types of financial organizations under certain conditions; (2) issue an administrative subpoena requiring the financial organization to make records available for examination; and (3) bring an action seeking judicial enforcement of the subpoena. Provides that records obtained in examinations of State-regulated financial organizations are subject to the same provisions concerning use and confidentiality as records obtained in examinations of other persons. Makes other changes. Effective immediately.

UNCLAIMED PROPERTY-VARIOUS

Rep. Michael Zalewski [D]

Date	Chamber	Action
2019-04-12	House	Rule 19(a) / Re-referred to Rules Committee
2019-04-10	House	Held on Calendar Order of Second Reading - Short Debate
2019-04-10	House	Second Reading - Short Debate
2019-03-29	House	Placed on Calendar 2nd Reading - Short Debate
2019-03-28	House	Do Pass / Short Debate Revenue & Finance Committee; 015-000-000
2019-03-28	House	Reported Back To Revenue & Finance Committee;
2019-03-28	House	Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000
2019-03-06	House	To Property Tax Subcommittee
2019-02-26	House	Assigned to Revenue & Finance Committee
2019-02-14	House	Referred to Rules Committee
2019-02-14	House	First Reading
2019-02-14	House	Filed with the Clerk by Rep. Michael J. Zalewski

Chapter	Article	Section	Citation Type	Statute Text
765	1026	15-1002.1	Amended Code	Citation Text
765	1026	15-1004	Amended Code	Citation Text
765	1026	15-1401	Amended Code	Citation Text
765	1026	15-1402	Amended Code	Citation Text
765	1026	15-201	Amended Code	Citation Text
765	1026	15-210	Amended Code	Citation Text
765	1026	15-503	Amended Code	Citation Text
765	1026	15-603	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2677&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB2677.htm