IL SB1637 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 8 2023 - 25% progression
Action: 2023-03-31 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the State Comptroller Act. Provides that after 3 years from the date of issuance of an original Comptroller's warrant, any sum of money payable shall be presumed abandoned and subject to disposition under the Revised Uniform Unclaimed Property Act (rather than after 5 years from the date of issuance of the original warrant but no later than 10 years after that date, the Comptroller may issue a replacement warrant on the Warrant Escheat Fund to a person or entity entitled thereto if certain requirements are met). Amends the Probate Act of 1975. Provides that on or after July 1, 2024, when the receipt of a ward, a distributee of an estate, or a claimant cannot be found, the representative shall report and remit the share of the missing person to the State Treasurer for disposition under the Revised Uniform Unclaimed Property Act. Amends the Revised Uniform Unclaimed Property Act. Provides that certain amounts payable under a provision related to the refund for erroneous assessments or overpayments are presumed abandoned if it is unclaimed by the apparent owner 3 years after the property becomes payable. Provides that if the administrator reasonably believes that the apparent owner of property presumed abandoned held by the administrator is: a unit of local government which files an audit report or annual financial report with the Comptroller, the administrator may give written notice to the person or persons identified in the most recent annual financial report as the contact person, the chief executive officer, and the chief financial officer; and a State agency, the administrator may give written notice to the person whom the records of the Comptroller indicate are the chief executive officer and chief fiscal officer of such State agency. Provides that property presumed abandoned where the administrator reasonably believes the owner is a unit of local government shall escheat to the State and shall be deposited into the Comptroller's Audit Expense Revolving Fund if certain requirements apply. Provides that property presumed abandoned where the administrator reasonably believes the owner is a State agency shall escheat to the State and shall be deposited into the General Revenue Fund if certain requirements apply. Makes other changes. Makes conforming changes in the Property Tax Code and the Governmental Account Audit Act. Effective immediately.

Tracking Information

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Title

RUUPA-LOC GOV/ST AGENCY MONEYS

Sponsors


History

DateChamberAction
2023-03-31SenateRule 3-9(a) / Re-referred to Assignments
2023-03-23SenatePlaced on Calendar Order of 3rd Reading March 24, 2023
2023-03-23SenateSenate Floor Amendment No. 1 Adopted; Feigenholtz
2023-03-23SenateSecond Reading
2023-03-22SenateSenate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 009-000-000
2023-03-21SenateSenate Floor Amendment No. 1 Assignments Refers to Judiciary
2023-03-10SenateSenate Floor Amendment No. 1 Referred to Assignments
2023-03-10SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Sara Feigenholtz
2023-02-22SenatePlaced on Calendar Order of 2nd Reading February 23, 2023
2023-02-22SenateDo Pass Judiciary; 008-001-000
2023-02-14SenateAssigned to Judiciary
2023-02-08SenateReferred to Assignments
2023-02-08SenateFirst Reading
2023-02-08SenateFiled with Secretary by Sen. Sara Feigenholtz

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1540510.10Amended CodeCitation Text
3520020-175Amended CodeCitation Text
503104.5Amended CodeCitation Text
755524-20Amended CodeCitation Text
765102615-201Amended CodeCitation Text
765102615-202Amended CodeCitation Text
765102615-210Amended CodeCitation Text
765102615-504Amended CodeCitation Text
765102615-804Amended CodeCitation Text
765102615-805New CodeSee Bill Text
765102615-806New CodeSee Bill Text

Illinois State Sources


Bill Comments

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