SCHOENBERG-WEAVER,MIKE. (PARKER-WALSH,T-HALVORSON) 205 ILCS 700/20 Amends the Adverse Claims to Deposit Accounts Act. Requires a financial institution to recognize an adverse claim to a deposit account if ordered to do so by a court. Provides that a financial institution may, in its discretion, recognize an adverse claim if the person making the claim posts a bond. Current law requires recognition of the claim if a bond is posted. Effective immediately. FISCAL NOTE (Dpt. of Financial Inst.) HB 1923 would have no fiscal impact on the Dept. STATE MANDATES FISCAL NOTE In the opinion of DCCA, HB1923 fails to create a State mandate under the State Mandates Act. HOME RULE NOTE HB 1923 does not preempt home rule authority. 97-03-07 H FIRST READING 97-03-07 H ADDED AS A JOINT SPONSOR WEAVER,MIKE 97-03-07 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-11 H ASSIGNED TO COMMITTEE FIN INSTIT 97-03-19 H DO PASS/SHORT DEBATE 029-000-000 HFIN 97-03-19 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-03-20 H FISCAL NOTE REQUESTED BLACK 97-03-20 H STATE MANDATES FISCAL NOTE REQUESTED BLACK 97-03-20 H FISCAL NOTE FILED 97-03-20 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-07 H STATE MANDATES FISCAL NOTE FILED 97-04-07 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-08 H HOME RULE NOTE FILED 97-04-08 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-11 H SECOND READING-SHORT DEBATE 97-04-11 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-04-12 H THIRD READING/SHORT DEBATE/PASSED 114-000-001 97-04-14 S ARRIVE IN SENATE 97-04-14 S PLACED CALENDAR ORDER OF FIRST READING 97-04-15 S CHIEF SPONSOR PARKER 97-04-16 S FIRST READING 97-04-16 S REFERRED TO SENATE RULES COMMITTEE RULES 97-04-17 S ASSIGNED TO COMMITTEE FIN INST 97-04-17 S ADDED AS A CHIEF CO-SPONSOR WALSH,T 97-04-23 S ADDED AS A CHIEF CO-SPONSOR HALVORSON 97-05-01 S DO PASS 008-000-000 SFIC 97-05-01 S PLACED ON CALENDAR ORDER OF 2ND READING 97-05-06 97-05-07 S SECOND READING 97-05-07 S PLACED ON CALENDAR ORDER OF 3RD READING 97-05-08 97-05-09 S THIRD READING - PASSED 056-000-001 97-05-09 H PASSED BOTH HOUSES 97-06-06 H SENT TO THE GOVERNOR 97-07-23 H GOVERNOR APPROVED 97-07-23 H EFFECTIVE DATE 97-07-23 97-07-23 H PUBLIC ACT.............................. 90-0163 END OF INQUIRY Full Text Bill Summary