IL HB5607 | 2015-2016 | 99th General Assembly

Illinois House Bill 5607 (Prior Session Legislation)

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 2)
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

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]

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

Illinois State Sources

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5607&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB5607.htm
Text	https://www.ilga.gov/legislation/99/HB/09900HB5607eng.htm
Text	https://www.ilga.gov/legislation/99/HB/09900HB5607enr.htm
Text	https://www.ilga.gov/legislation/publicacts/99/099-0556.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/99/house/09900HB5607_04192016_018000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/99/senate/09900HB5607_05252016_013000T.pdf