House Sponsors: DART. Senate Sponsors: WALSH,T Short description: SAV BNK & LOAN-LOAN LIMIT Synopsis of Bill as introduced: Amends the Illinois Savings and Loan Act of 1985 to provide that all earnings received from investments of moneys in the Savings and Residential Finance Regulatory Fund shall be deposited into that fund and used for the same purposes as fees deposited into that fund. Amends the Savings Bank Act to raise from 20% to 25% the percentage of capital and general loan loss reserve that a bank may loan to any person at any one time. Effective immediately. FISCAL NOTE (Office of Banks and Real Estate) The Office of Banks and Real Estate estimates that the reten- tion of interest earnings (calculated at 6% interest rate) will add $318,000 annually to the Savings and Residential Finance Regulatory Fund and decrease the General Revenue Fund by an equivalent amount. Last action on Bill: PUBLIC ACT.............................. 92-0700 Last action date: JUL-19-2002 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status