Bill Title: Amends the Revised Uniform Unclaimed Property Act to exclude, from the scope of the term "property", funds on deposit or held in trust under the Illinois Pre-Need Cemetery Sales Act. Amends the Illinois Pre-Need Cemetery Sales Act to provide that amounts attributable to undelivered merchandise or unprovided services that are held in trust may be presumptively abandoned. Sets forth the terms for presumptive abandonment. Requires the remittance of presumptively abandoned funds to the Comptroller for deposit into the Cemetery Consumer Protection Fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-09 - Session Sine Die [SB3515 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Antonio Munoz [D]	Primary	Sponsored Bills	SD-001	FollowTheMoney	Ballotpedia	VoteSmart

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