Date	Chamber	Action
6/17/2005	Senate	Public Act . . . . . . . . . 94-0054

Statutes Amended In Order of Appearance

240 ILCS 40/10-15

Synopsis As Introduced
Amends the Grain Code. Requires the Department of Agriculture to prescribe or authorize price later contract forms in electronic document format. Effective immediately.

Senate Floor Amendment No. 1

	Deletes reference to:
	240 ILCS 40/10-15

	Adds reference to:
	240 ILCS 40/20-20

240 ILCS 40/25-20

240 ILCS 40/30-5

240 ILCS 40/30-15

240 ILCS 40/35-5

Deletes everything after the enacting clause. Amends the Grain Code. Creates the Asset Preservation Account to be funded by the income earned on assets in the Illinois Grain Insurance Fund. Provides that this new Account may be used by the Fund Trustee for reasonable expenses incurred by the Department on or after a failure for preserving and liquidating grain assets, equity assets, collateral, and guarantees of or relating to a failed licensee, if the benefits of such preservation or liquidation outweigh the costs and all moneys in the Grain Indemnity Trust Account relating to the failure have been exhausted. Sets forth that the Asset Preservation Account shall not exceed $50,000. Requires the Trustee to file a report of all receipts by and disbursements from the Asset Preservation Account with the Illinois Grain Insurance Corporation prior to each meeting of their Board. Prohibits payments from the Fund for claims based on fraud or illegal Acts. Authorizes payment of the costs of certain Department activities prior to the return of any remaining grain assets, equity assets, or other guarantees to the failed licensee. Amends certain other provisions to facilitate the payments from the Fund to the Asset Preservation Account.

Actions 

Date	Chamber	Action
2/2/2005	Senate	Filed with Secretary by Sen. John M. Sullivan
2/2/2005	Senate	First Reading
2/2/2005	Senate	Referred to Rules
2/3/2005	Senate	Assigned to Agriculture & Conservation
2/16/2005	Senate	Do Pass Agriculture & Conservation; 009-000-000
2/16/2005	Senate	Placed on Calendar Order of 2nd Reading February 17, 2005
4/6/2005	Senate	Second Reading
4/6/2005	Senate	Placed on Calendar Order of 3rd Reading April 7, 2005
4/8/2005	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. John M. Sullivan
4/8/2005	Senate	Senate Floor Amendment No. 1 Referred to Rules
4/11/2005	Senate	Senate Floor Amendment No. 1 Rules Refers to Agriculture & Conservation
4/12/2005	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Agriculture & Conservation; 007-000-000
4/14/2005	Senate	Recalled to Second Reading
4/14/2005	Senate	Senate Floor Amendment No. 1 Adopted; J. Sullivan
4/14/2005	Senate	Placed on Calendar Order of 3rd Reading
4/14/2005	Senate	Third Reading - Passed; 057-000-000
4/14/2005	House	Arrived in House
4/14/2005	House	Placed on Calendar Order of First Reading
4/15/2005	House	Chief House Sponsor Rep. Dan Reitz
4/15/2005	House	First Reading
4/15/2005	House	Referred to Rules Committee
4/20/2005	House	Assigned to Agriculture & Conservation Committee
4/26/2005	House	Do Pass / Short Debate Agriculture & Conservation Committee; 013-000-000
4/27/2005	House	Placed on Calendar 2nd Reading - Short Debate
4/27/2005	House	Added Alternate Co-Sponsor Rep. Donald L. Moffitt
4/28/2005	House	Second Reading - Short Debate
4/28/2005	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/5/2005	House	Third Reading - Short Debate - Passed 115-000-000
5/5/2005	Senate	Passed Both Houses
5/5/2005	House	Added Alternate Chief Co-Sponsor Rep. Jim Watson
5/11/2005	House	Added Alternate Chief Co-Sponsor Rep. Kurt M. Granberg
5/11/2005	House	Added Alternate Chief Co-Sponsor Rep. Brandon W. Phelps
6/3/2005	Senate	Sent to the Governor
6/17/2005	Senate	Governor Approved
6/17/2005	Senate	Effective Date January 1, 2006
6/17/2005	Senate	Public Act . . . . . . . . . 94-0054

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