Bill Title: Amends the State Treasurer Act. Provides that for purposes of the ABLE account program, a designated beneficiary means the ABLE account owner. Provides that upon the death of a designated beneficiary, proceeds from an account may be transferred pursuant to a payable on death account agreement. Provides that upon the death of a designated beneficiary, the State Treasurer may require verification that the funeral and burial expenses of the designated beneficiary have been paid. Makes conforming changes. Effective immediately.

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Passed) 2021-08-16 - Public Act . . . . . . . . . 102-0392 [HB1836 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2021-08-17	HTML/Text	Link	View
Enrolled	2021-05-29	HTML/Text	Link	View
Engrossed	2021-04-14	HTML/Text	Link	View
Introduced	2021-02-16	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB1836

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB1836 currently on file.

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