Illinois Senate Bill 1254 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Passed on August 18 2017 - 100% progression
Action: 2017-08-18 - Public Act . . . . . . . . . 100-0232
Text: Latest bill text (Chaptered) [HTML]

Amends the Savings Bank Act. Provides that each savings bank and service corporation operating under the Act shall pay in quarterly installments equal to one-fourth of a specified rated regulatory fee determined by the amount of total assets (rather than previous rates and a fixed fee of $520). Makes related changes throughout the provisions. Provides that for any savings bank or service corporation operating under the Act that is examined by the Department of Financial and Professional Regulation between January 1, 2017 and the effective date of the amendatory Act, a regulatory fee shall not be paid to or due to the Department for the first billing of the regulatory fee immediately following the effective date of the amendatory Act. Provides that an affected institution shall pay the regulatory fee as prescribed in the specified regulatory fee schedule beginning with the second billing of the regulatory fee by the Department following the effective date of the amendatory Act. Effective immediately.

SAVINGS BANKS-REGULATORY FEES

Sen. Chris Nybo [R]

Rep. Patricia Bellock [R]

2017-05-24 - House - Third Reading in House (Y: 112 N: 0 NV: 4 Abs: 1) [PASS]
2017-04-26 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]

Date	Chamber	Action
2017-08-18	Senate	Public Act . . . . . . . . . 100-0232
2017-08-18	Senate	Effective Date August 18, 2017
2017-08-18	Senate	Governor Approved
2017-06-22	Senate	Sent to the Governor
2017-05-24	Senate	Passed Both Houses
2017-05-24	House	Third Reading - Short Debate - Passed 112-000-000
2017-05-22	House	Placed on Calendar Order of 3rd Reading - Short Debate
2017-05-22	House	Second Reading - Short Debate
2017-05-10	House	Placed on Calendar 2nd Reading - Short Debate
2017-05-09	House	Do Pass / Short Debate Financial Institutions Committee; 012-000-000
2017-05-03	House	Assigned to Financial Institutions Committee
2017-04-26	House	Referred to Rules Committee
2017-04-26	House	First Reading
2017-04-26	House	Chief House Sponsor Rep. Patricia R. Bellock
2017-04-26	House	Arrived in House
2017-04-26	Senate	Third Reading - Passed; 056-000-000
2017-03-30	Senate	Placed on Calendar Order of 3rd Reading April 4, 2017
2017-03-30	Senate	Second Reading
2017-03-15	Senate	Placed on Calendar Order of 2nd Reading March 16, 2017
2017-03-15	Senate	Do Pass Financial Institutions; 006-000-000
2017-03-07	Senate	Assigned to Financial Institutions
2017-02-07	Senate	Referred to Assignments
2017-02-07	Senate	First Reading
2017-02-07	Senate	Filed with Secretary by Sen. Chris Nybo

Chapter	Article	Section	Citation Type	Statute Text
205	205	9002.5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1254&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB1254.htm
Text	https://www.ilga.gov/legislation/100/SB/10000SB1254eng.htm
Text	https://www.ilga.gov/legislation/100/SB/10000SB1254enr.htm
Text	https://www.ilga.gov/legislation/publicacts/100/100-0232.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000SB1254_04262017_025000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/house/10000SB1254_05242017_009000T.pdf