92nd General Assembly
Summary of HB5658
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House Sponsors:

Senate Sponsors:

Short description: 
CRIM CD-MONEY LAUNDERING                                                   

Synopsis of Bill as introduced:
        Amends the Criminal Code of 1961. Provides that theft of property      
   in excess of $500,000 is a Class X  felony  (rather  than  a  Class  1      
   felony).  In  the money laundering statute, provides that any property      
   expressly or impliedly represented  to  be  property  constituting  or      
   derived  from proceeds obtained, directly or indirectly, pursuant to a      
   violation of the  Criminal  Code  of  1961,  the  Illinois  Controlled      
   Substances  Act,  or  the  Cannabis  Control Act is criminally derived      
   property. Provides that  laundering  criminally  derived  property  in      
   excess of $500,000 is a Class X felony (rather than a Class 1 felony).      
   Effective immediately.                                                      
          FISCAL NOTE (Department of Corrections)                              
          HB 5658 would cause an increase of 9 inmates in the corrections      
          population and would have a fiscal impact of $1,729,400.             
          CORRECTIONAL NOTE (Department of Corrections)                        
          Same as DOC fiscal note.                                             
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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