Bill Status of SB 3207   102nd General Assembly

Short Description:  CEMETERY CARE-DISTRIBUTIONS

Senate Sponsors
Sen. Don Harmon and Sara Feigenholtz

Last Action  View All Actions

DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
760 ILCS 100/2from Ch. 21, par. 64.2
760 ILCS 100/3from Ch. 21, par. 64.3
760 ILCS 100/4from Ch. 21, par. 64.4
760 ILCS 100/4.1 new
760 ILCS 100/4.2 new
760 ILCS 100/5from Ch. 21, par. 64.5

Synopsis As Introduced
Amends the Cemetery Care Act. Defines "average fair market value" and "total return percentage". Allows a cemetery authority to take distributions from its fund by net income distribution or total return distribution. Requires an application for implementation of the total return distribution method to be submitted at least 60 days before the effective date of the election to use total return. Provides that the total return percentage elected may be reduced but may not be increased unless additional application is made to the Comptroller with documentation demonstrating the rate of return of the care funds over the last 3 years to support an increase in the percentage. Allows a cemetery authority that has elected the total return distribution method to elect to reconvert to a net income distribution method by submitting written documentation to the Comptroller in support of the reconversion. Allows the Comptroller to take corrective measures and evaluate the care fund conditions and choose not to impose corrective measures under specified circumstances. Makes other changes.

Actions 
DateChamber Action
  1/14/2022SenateFiled with Secretary by Sen. Antonio Muņoz
  1/14/2022SenateFirst Reading
  1/14/2022SenateReferred to Assignments
  2/1/2022SenateAssigned to Licensed Activities
  2/10/2022SenateRule 2-10 Committee Deadline Established As February 18, 2022
  2/16/2022SenateAdded as Co-Sponsor Sen. Sara Feigenholtz
  2/17/2022SenatePostponed - Licensed Activities
  2/18/2022SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Antonio Muņoz
  2/18/2022SenateSenate Committee Amendment No. 1 Referred to Assignments
  2/18/2022SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  2/18/2022SenateRule 3-9(a) / Re-referred to Assignments
  2/22/2022SenateSenate Committee Amendment No. 1 Pursuant to Senate Rule 3-8 (b-1), the following amendments will remain in the Committee on Assignments.
  10/21/2022SenateChief Sponsor Changed to Sen. Don Harmon
  1/10/2023SenateSession Sine Die

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