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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB4862 Introduced 2/3/2012, by Rep. Tom Cross SYNOPSIS AS INTRODUCED:
| | 625 ILCS 5/3-301 | from Ch. 95 1/2, par. 3-301 |
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Amends the Illinois Vehicle Code. Makes a technical change in a
Section concerning new certificates of title for rebuilt vehicles.
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| | A BILL FOR |
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| | HB4862 | | LRB097 17322 HEP 62523 b |
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| 1 | | AN ACT concerning transportation.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Vehicle Code is amended by changing |
| 5 | | Section 3-301 as follows:
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| 6 | | (625 ILCS 5/3-301) (from Ch. 95 1/2, par. 3-301)
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| 7 | | Sec. 3-301. New certificate of title for rebuilt vehicle.
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| 8 | | (a) For vehicles 8 model years of age or newer, the
the |
| 9 | | Secretary of State
shall issue a new certificate of title to |
| 10 | | any rebuilt
vehicle or any vehicle which previously had been |
| 11 | | titled as salvage
in this State or any other jurisdiction upon |
| 12 | | the successful inspection
of the vehicle in accordance with |
| 13 | | Section 3-308 of this Article. |
| 14 | | (b) Vehicles more than 8 model years old shall not be |
| 15 | | required to
complete a successful inspection required under |
| 16 | | Section 3-308 of this Code
before being issued a new |
| 17 | | certificate of title as provided under this
Section.
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| 18 | | (c) Vehicles designated as flood vehicles that have |
| 19 | | sustained damage
greater than 33 1/3% of their fair market |
| 20 | | value with that damage shall be
required to complete a
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| 21 | | successful
inspection required under Section 3-308 of this Code |
| 22 | | before being issued a new
certificate of title provided under |
| 23 | | paragraph (5), subsection (b) of Section
3-117.1.
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