Synopsis of Bill as introduced:
Amends the Illinois Public Aid Code and the Illinois Marriage and
Dissolution of Marriage Act. Provides that interest on support
obligations shall be calculated as simple interest. States
requirements concerning accounting for accrued interest on support
obligations. Effective immediately.
SENATE AMENDMENT NO. 1.
Adds reference to:
750 ILCS 16/20
750 ILCS 45/20.7
Deletes everything. Amends the Illinois Public Aid Code, the
Illinois Marriage and Dissolution of Marriage Act, the Non-Support
Punishment Act, and the Illinois Parentage Act of 1984. Provides that
a support obligation that becomes due and remains unpaid for 30 days
or more shall accrue simple interest (instead of simply "interest") at
the rate of 9% per annum. Effective immediately.
HOUSE AMENDMENT NO. 1.
Provides that an order for support entered or modified on or
after January 1, 2002 shall contain a statement that a support
obligation required under the order, or any portion of a support
obligation required under the order, that becomes due and remains
unpaid for 30 days or more shall accrue simple interest at the rate of
9% per annum. Provides that failure to include the statement in the
order for support does not affect the validity of the order or the
accrual of interest as provided by law.
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1
END OF INQUIRY
Full Text Bill Status