IL SB4021 | 2019-2020 | 101st General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Credit Union Act to provide that there shall be no issuance of a regulatory fee credit to credit unions if the balance in the Credit Union Fund at the end of fiscal years ending June 30, 2020 and June 30, 2021 exceeds 25% of the total administrative and operational expenses incurred by the State. Provides that there shall be no adjustment in the regulatory fee schedule for fiscal years ending June 30, 2020 and June 30, 2021. Provides that the provision is inoperative after June 30, 2021. Effective immediately.
Title
CREDIT UNIONS-REGULATORY FEES
Sponsors
| Sen. Andy Manar [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-13 | Senate | Session Sine Die |
| 2021-01-04 | Senate | Referred to Assignments |
| 2021-01-04 | Senate | First Reading |
| 2021-01-04 | Senate | Filed with Secretary by Sen. Andy Manar |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 205 | 305 | 12 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4021&GAID=15&DocTypeID=SB&SessionID=108&GA=101 |
| Text | https://www.ilga.gov/legislation/101/SB/10100SB4021.htm |
