IL SB3343 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Enrolled on May 23 2024 - 75% progression
Action: 2024-06-21 - Sent to the Governor
Text: Latest bill text (Enrolled) [HTML]
Status: Enrolled on May 23 2024 - 75% progression
Action: 2024-06-21 - Sent to the Governor
Text: Latest bill text (Enrolled) [HTML]
Summary
Amends the State Officials and Employees Money Disposition Act. Provides that examiners of unclaimed property which is reported and remitted to the State Treasurer and custodians contracted by the State of Illinois to hold presumptively abandoned securities or virtual currency may deduct fees prior to remittance in accordance with the Revised Uniform Unclaimed Property Act. Amends the Revised Uniform Unclaimed Property Act. Changes the definition of property presumed to be abandoned to a corporate bond (rather than a state or municipal bond.) If a holder cannot liquidate virtual currency and cannot otherwise cause virtual currency to be liquidated, requires the holder to promptly notify the administrator in writing. The administrator may direct the holder to either (1) transfer the virtual currency that cannot be liquidated to a custodian selected by the administrator, or (2) continue to hold the virtual currency until the administrator or the holder determines that the virtual currency can be liquidated pursuant to this Act or there is an indication of apparent owner interest. Provides that the sole administrative and legal procedure for claiming property is under this Act. Requires compliance with this Act before exercising the exclusive judicial remedy. Any appeal from the administrator's decision under the Illinois Administrative Procedure Act must be taken under the provisions of the Administrative Review Law. In governing void agreements, provides that this Section does not apply to an apparent owner's agreement with a CPA firm licensed under the Illinois Public Accounting Act or with an affiliate of such firm under certain conditions. Makes other changes.
Title
FINANCE-RUUPA
Sponsors
Roll Calls
2024-05-23 - House - Third Reading in House (Y: 111 N: 0 NV: 1 Abs: 0) [PASS]
2024-04-10 - Senate - Third Reading in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
2024-04-10 - Senate - Third Reading in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-06-21 | Senate | Sent to the Governor |
| 2024-05-23 | Senate | Passed Both Houses |
| 2024-05-23 | House | Third Reading - Short Debate - Passed 111-000-000 |
| 2024-05-17 | House | Third Reading/Final Action Deadline Extended-9(b) May 24, 2024 |
| 2024-05-07 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2024-05-07 | House | Second Reading - Short Debate |
| 2024-05-01 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2024-04-30 | House | Do Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000 |
| 2024-04-24 | House | Assigned to Financial Institutions and Licensing Committee |
| 2024-04-11 | House | Referred to Rules Committee |
| 2024-04-11 | House | First Reading |
| 2024-04-11 | House | Chief House Sponsor Rep. Marcus C. Evans, Jr. |
| 2024-04-10 | House | Arrived in House |
| 2024-04-10 | Senate | Third Reading - Passed; 058-000-000 |
| 2024-04-10 | Senate | Placed on Calendar Order of 3rd Reading |
| 2024-04-10 | Senate | Senate Floor Amendment No. 1 Adopted |
| 2024-04-10 | Senate | Recalled to Second Reading |
| 2024-04-10 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 008-000-000 |
| 2024-04-09 | Senate | Senate Floor Amendment No. 1 Assignments Refers to Judiciary |
| 2024-03-21 | Senate | Senate Floor Amendment No. 1 Referred to Assignments |
| 2024-03-21 | Senate | Senate Floor Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick |
| 2024-03-14 | Senate | Placed on Calendar Order of 3rd Reading March 20, 2024 |
| 2024-03-14 | Senate | Second Reading |
| 2024-03-13 | Senate | Added as Co-Sponsor Sen. Michael E. Hastings |
| 2024-03-06 | Senate | Placed on Calendar Order of 2nd Reading March 7, 2024 |
| 2024-03-06 | Senate | Do Pass Judiciary; 008-000-000 |
| 2024-02-20 | Senate | Assigned to Judiciary |
| 2024-02-07 | Senate | Referred to Assignments |
| 2024-02-07 | Senate | First Reading |
| 2024-02-07 | Senate | Filed with Secretary by Sen. Robert F. Martwick |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 30 | 230 | 2 | Amended Code | Citation Text |
| 765 | 1026 | 15-1302 | Amended Code | Citation Text |
| 765 | 1026 | 15-201 | Amended Code | Citation Text |
| 765 | 1026 | 15-301 | Amended Code | Citation Text |
| 765 | 1026 | 15-501 | Amended Code | Citation Text |
| 765 | 1026 | 15-503 | Amended Code | Citation Text |
| 765 | 1026 | 15-603 | Amended Code | Citation Text |
| 765 | 1026 | 15-903 | Amended Code | Citation Text |
| 765 | 1026 | 15-906 | Amended Code | Citation Text |
