Bill Status of SB 4021   101st General Assembly

Short Description:  CREDIT UNIONS-REGULATORY FEES

Senate Sponsors
Sen. Andy Manar

Last Action  View All Actions

DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 305/12from Ch. 17, par. 4413

Synopsis As Introduced
Amends the Illinois Credit Union Act to provide that there shall be no issuance of a regulatory fee credit to credit unions if the balance in the Credit Union Fund at the end of fiscal years ending June 30, 2020 and June 30, 2021 exceeds 25% of the total administrative and operational expenses incurred by the State. Provides that there shall be no adjustment in the regulatory fee schedule for fiscal years ending June 30, 2020 and June 30, 2021. Provides that the provision is inoperative after June 30, 2021. Effective immediately.

Actions 
DateChamber Action
  1/4/2021SenateFiled with Secretary by Sen. Andy Manar
  1/4/2021SenateFirst Reading
  1/4/2021SenateReferred to Assignments
  1/13/2021SenateSession Sine Die

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