Bill Title: Amends the State Treasurer Act. In provisions concerning the ABLE account program, provides that a "designated representative" means a person or entity (currently, person only) who is authorized to act on behalf of a "designated beneficiary". Provides that a designated representative must provide certification, subject to penalties of perjury, of the basis for the person's authority to act as a designated representative and that there is no other person or entity with higher priority to establish the ABLE account. Removes provisions allowing the State Treasurer to recognize specified persons or entities as a designated representative without appointment by a court. Defines "Internal Revenue Code". Effective immediately.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Passed) 2022-05-27 - Public Act . . . . . . . . . 102-1024 [SB3786 Detail]

Text: Latest bill text (Chaptered) [HTML]

---

Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Laura Ellman [D]	Primary	Sponsored Bills	SD-021	FollowTheMoney	Ballotpedia	VoteSmart
Senator John Connor [D]	Cosponsor	Sponsored Bills	SD-043	FollowTheMoney	Ballotpedia	VoteSmart
Senator Scott Bennett [D]	Cosponsor	Sponsored Bills	SD-052	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dagmara Avelar [D]	Primary	Sponsored Bills	HD-085	FollowTheMoney	Ballotpedia	VoteSmart
Representative Elizabeth Hernandez [D]	Cosponsor	Sponsored Bills	HD-002	FollowTheMoney	Ballotpedia	VoteSmart
Representative Curtis Tarver [D]	Cosponsor	Sponsored Bills	HD-025	FollowTheMoney	Ballotpedia	VoteSmart

Social Comments on IL SB3786