Bill Status of SB 1254   100th General Assembly

Short Description:  SAVINGS BANKS-REGULATORY FEES

Senate Sponsors
Sen. Chris Nybo

House Sponsors
(Rep. Patricia R. Bellock)


Last Action  View All Actions

DateChamber Action
  8/18/2017SenatePublic Act . . . . . . . . . 100-0232

Statutes Amended In Order of Appearance
205 ILCS 205/9002.5

Synopsis As Introduced
Amends the Savings Bank Act. Provides that each savings bank and service corporation operating under the Act shall pay in quarterly installments equal to one-fourth of a specified rated regulatory fee determined by the amount of total assets (rather than previous rates and a fixed fee of $520). Makes related changes throughout the provisions. Provides that for any savings bank or service corporation operating under the Act that is examined by the Department of Financial and Professional Regulation between January 1, 2017 and the effective date of the amendatory Act, a regulatory fee shall not be paid to or due to the Department for the first billing of the regulatory fee immediately following the effective date of the amendatory Act. Provides that an affected institution shall pay the regulatory fee as prescribed in the specified regulatory fee schedule beginning with the second billing of the regulatory fee by the Department following the effective date of the amendatory Act. Effective immediately.

Actions 
DateChamber Action
  2/7/2017SenateFiled with Secretary by Sen. Chris Nybo
  2/7/2017SenateFirst Reading
  2/7/2017SenateReferred to Assignments
  3/7/2017SenateAssigned to Financial Institutions
  3/15/2017SenateDo Pass Financial Institutions; 006-000-000
  3/15/2017SenatePlaced on Calendar Order of 2nd Reading March 16, 2017
  3/30/2017SenateSecond Reading
  3/30/2017SenatePlaced on Calendar Order of 3rd Reading April 4, 2017
  4/26/2017SenateThird Reading - Passed; 056-000-000
  4/26/2017HouseArrived in House
  4/26/2017HouseChief House Sponsor Rep. Patricia R. Bellock
  4/26/2017HouseFirst Reading
  4/26/2017HouseReferred to Rules Committee
  5/3/2017HouseAssigned to Financial Institutions Committee
  5/9/2017HouseDo Pass / Short Debate Financial Institutions Committee; 012-000-000
  5/10/2017HousePlaced on Calendar 2nd Reading - Short Debate
  5/22/2017HouseSecond Reading - Short Debate
  5/22/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/24/2017HouseThird Reading - Short Debate - Passed 112-000-000
  5/24/2017SenatePassed Both Houses
  6/22/2017SenateSent to the Governor
  8/18/2017SenateGovernor Approved
  8/18/2017SenateEffective Date August 18, 2017
  8/18/2017SenatePublic Act . . . . . . . . . 100-0232

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