Illinois House Bill 4192 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Deposit of State Moneys Act. Disqualifies banks and savings and loan associations that have not achieved a federal Community Reinvestment Act rating ("CRA rating") of "outstanding record of meeting community credit needs" from serving as a depositary of State moneys upon their failure to establish, within 365 days after the effective date of the amendatory Act and each year thereafter, in each low-income and moderate-income geography that is located in those portions of their assessment areas that are in the State, at least one more automated teller machine ("ATM") or branch than they operated in that geography on the first day of the preceding calendar year and to maintain those facilities. Defines the terms "assessment area", "automated teller machine", "branch", "geography", "low-income", and "moderate-income".

DEPOSIT OF STATE MONEY

Rep. Emanuel Welch [D]

Date	Chamber	Action
2014-12-03	House	Session Sine Die
2014-01-13	House	Referred to Rules Committee
2014-01-13	House	First Reading
2014-01-10	House	Filed with the Clerk by Rep. Emanuel Chris Welch

Chapter	Article	Section	Citation Type	Statute Text
15	520	15	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4192&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB4192.htm