Bill Status of SB 155   99th General Assembly

Short Description:  UNCLAIMED PROP-SAVINGS BONDS

Senate Sponsors
Sen. Jacqueline Y. Collins and Napoleon Harris, III-Mattie Hunter

House Sponsors
(Rep. Arthur Turner-Lou Lang)


Last Action  View All Actions

DateChamber Action
  12/17/2015SenatePublic Act . . . . . . . . . 99-0493

Statutes Amended In Order of Appearance
735 ILCS 5/8-2401from Ch. 110, par. 8-2401

Synopsis As Introduced
Amends the Code of Civil Procedure. Makes a technical change in a Section concerning evidence.

Senate Floor Amendment No. 2
Deletes reference to:
735 ILCS 5/8-2401
Adds reference to:
765 ILCS 1025/8.1from Ch. 141, par. 108.1

Replaces everything after the enacting clause. Amends the Uniform Disposition of Unclaimed Property Act. Provides that a United States savings bond held or owing in this State by any person, shall be presumed abandoned when such bond has remained unclaimed and unredeemed for 5 years after its date of maturity. Provides that United States savings bonds that are presumed abandoned and unclaimed, including bonds in the possession of the State Treasurer, and those lost, stolen, or destroyed bonds registered to persons with last known addresses in this State, shall escheat to this State and all property rights and legal title to and ownership of the United States savings bonds, or proceeds from the bonds, including all rights, powers, and privileges of survivorship of any owner, co-owner, or beneficiary, shall vest solely in this State according to the procedure set forth under the Act. Provides that the State Treasurer shall redeem from the Bureau of the Fiscal Service of the United States Treasury the United States savings bonds escheated to this State and deposit the proceeds from the redemption of United States savings bonds into the Unclaimed Property Trust Fund. Provides that any person making a claim for the United States savings bonds escheated to this State, or for the proceeds from such bonds, may file a claim with the State Treasurer; that upon providing sufficient proof of the validity of such person's claim, the State Treasurer may, in his or her sole discretion, pay such claim less any expenses and costs incurred by this State in securing full title and ownership of such property by escheat; and that if payment has been made to any claimant, no action thereafter shall be maintained by any other claimant against this State or any officer thereof for or on account of such funds. Effective immediately.

House Committee Amendment No. 1
Deletes reference to:
765 ILCS 1025/8.1from Ch. 141, par. 108.1
Adds reference to:
735 ILCS 5/15-1101from Ch. 110, par. 15-1101

Replaces everything after the enacting clause. Amends the Code of Civil Procedure. Makes a technical change in a Section regarding the short title of the Article concerning mortgage foreclosures.

House Floor Amendment No. 2
Deletes reference to:
765 ILCS 1025/8.1from Ch. 141, 108.1
Adds reference to:
735 ILCS 5/15-1507.1

Replaces everything after the enacting clause. Amends the Mortgage Foreclosure Article of the Code of Civil Procedure. Provides that portions of the Section concerning the judicial sale fee for the Abandoned Residential Property Municipality Relief Fund become inoperative on January 1, 2017 (instead of January 1, 2016). Repeals the Section on March 2, 2017 (instead of March 2, 2016). Effective immediately.

Actions 
DateChamber Action
  1/28/2015SenateFiled with Secretary by Sen. John J. Cullerton
  1/28/2015SenateFirst Reading
  1/28/2015SenateReferred to Assignments
  3/18/2015SenateAssigned to Executive
  3/19/2015SenateAdded as Co-Sponsor Sen. Napoleon Harris, III
  3/26/2015SenateDo Pass Executive; 016-000-000
  3/26/2015SenatePlaced on Calendar Order of 2nd Reading April 14, 2015
  3/26/2015SenateChief Sponsor Changed to Sen. William R. Haine
  4/1/2015SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. William R. Haine
  4/1/2015SenateSenate Floor Amendment No. 1 Referred to Assignments
  4/14/2015SenateSenate Floor Amendment No. 1 Assignments Refers to Financial Institutions
  4/16/2015SenateSecond Reading
  4/16/2015SenatePlaced on Calendar Order of 3rd Reading April 21, 2015
  4/22/2015SenateSenate Floor Amendment No. 1 Postponed - Financial Institutions
  5/7/2015SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. William R. Haine
  5/7/2015SenateSenate Floor Amendment No. 2 Referred to Assignments
  5/12/2015SenateSenate Floor Amendment No. 2 Assignments Refers to Financial Institutions
  5/13/2015SenateSenate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 011-000-000
  5/13/2015SenateRecalled to Second Reading
  5/13/2015SenateSenate Floor Amendment No. 2 Adopted; Haine
  5/13/2015SenatePlaced on Calendar Order of 3rd Reading May 14, 2015
  5/14/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015
  5/14/2015SenateThird Reading - Passed; 052-000-000
  5/14/2015SenateSenate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
  5/14/2015HouseArrived in House
  5/14/2015HouseChief House Sponsor Rep. Lou Lang
  5/14/2015HouseFirst Reading
  5/14/2015HouseReferred to Rules Committee
  10/14/2015HouseAssigned to Judiciary - Civil Committee
  10/14/2015HouseFinal Action Deadline Extended-9(b) October 31, 2015
  10/19/2015HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Arthur Turner
  10/19/2015HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  10/19/2015HouseAdded Alternate Chief Co-Sponsor Rep. Arthur Turner
  10/19/2015HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
  10/20/2015HouseAlternate Chief Co-Sponsor Removed Rep. Arthur Turner
  10/20/2015HouseAlternate Chief Sponsor Changed to Rep. Arthur Turner
  10/20/2015HouseAdded Alternate Chief Co-Sponsor Rep. Lou Lang
  10/20/2015HouseHouse Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
  10/20/2015HouseDo Pass as Amended / Short Debate Judiciary - Civil Committee; 009-000-000
  10/20/2015HousePlaced on Calendar 2nd Reading - Short Debate
  10/20/2015HouseSecond Reading - Short Debate
  10/20/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate
  10/30/2015HouseFinal Action Deadline Extended-9(b) December 4, 2015
  11/3/2015HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Arthur Turner
  11/3/2015HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  11/3/2015HouseHouse Floor Amendment No. 2 Rules Refers to Judiciary - Civil Committee
  11/5/2015HouseHouse Committee Amendment No. 1 Fiscal Note Requested as Amended by Rep. André Thapedi
  11/6/2015HouseHouse Committee Amendment No. 1 Fiscal Note Requested as Amended - Withdrawn by Rep. André Thapedi
  11/10/2015HouseHouse Floor Amendment No. 2 Recommends Be Adopted Judiciary - Civil Committee; 011-000-000
  11/10/2015HouseRecalled to Second Reading - Short Debate
  11/10/2015HouseHouse Floor Amendment No. 2 Adopted
  11/10/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate
  11/10/2015House3/5 Vote Required
  11/10/2015HouseThird Reading - Short Debate - Passed 079-032-001
  12/4/2015SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2
  12/4/2015SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1, 2 - December 7, 2015
  12/7/2015SenateChief Sponsor Changed to Sen. Jacqueline Y. Collins
  12/7/2015SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Jacqueline Y. Collins
  12/7/2015SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
  12/7/2015SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Jacqueline Y. Collins
  12/7/2015SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments
  12/7/2015SenateHouse Committee Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments
  12/7/2015SenateHouse Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Assignments
  12/7/2015SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter
  12/7/2015Senate3/5 Vote Required
  12/7/2015SenateHouse Committee Amendment No. 1 Senate Concurs 050-001-000
  12/7/2015SenateHouse Floor Amendment No. 2 Senate Concurs 050-001-000
  12/7/2015SenatePassed Both Houses
  12/15/2015SenateSent to the Governor
  12/17/2015SenateGovernor Approved
  12/17/2015SenateEffective Date December 17, 2015
  12/17/2015SenatePublic Act . . . . . . . . . 99-0493

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