Bill Title: Amends the Illinois Vehicle Code. Provides that every insurance company or surety company authorized to do business in this State shall collect a surcharge of $1 for each liability insurance policy issued which complies with statutory minimum coverage requirements. Provides that the surcharge shall be deposited into the into the Illinois Law Enforcement Alarm Systems Fund and used as follows: (i) 66.6% shall be used for homeland security initiatives and (ii) 33.3% shall be used for airborne operations. Provides that Illinois Law Enforcement Alarm Systems Executive Board shall annually supply the Director of State Police with a report of the use of the surcharges. Exempts units of government and nonprofit organizations from the new provisions. Effective January 1, 2013.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB5555 Detail]

Text: Latest bill text (Amended) [HTML]

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