97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB4532

 

Introduced 1/31/2012, by Rep. Jim Sacia

 

SYNOPSIS AS INTRODUCED:
 
760 ILCS 55/5  from Ch. 14, par. 55

    Amends the Charitable Trust Act. Reduces from $200 to $50 the fee required upon re-registration after cancellation of registration of a trust or organization that by law is required to be registered.


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FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB4532LRB097 17778 JLS 62993 b

1    AN ACT concerning charitable trust fees.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Charitable Trust Act is amended by changing
5Section 5 as follows:
 
6    (760 ILCS 55/5)  (from Ch. 14, par. 55)
7    Sec. 5. Registration requirement.
8    (a) The Attorney General shall establish and maintain a
9register of trustees subject to this Act and of the particular
10trust or other relationship under which they hold property for
11charitable purposes and, to that end, shall conduct whatever
12investigation is necessary, and shall obtain from public
13records, court officers, taxing authorities, trustees and
14other sources, copies of instruments, reports and records and
15whatever information is needed for the establishment and
16maintenance of the register.
17    (b) A registration statement shall be signed and verified
18under penalty of perjury by 2 officers of a corporate
19charitable organization or by 2 trustees if not a corporate
20organization. One signature will be accepted if there is only
21one officer or one trustee. A registration fee of $15 shall be
22paid with each initial registration. If a person, trustee or
23organization fails to maintain a registration of a trust or

 

 

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1organization as required by this Act, and its registration is
2cancelled as provided in this Act, and if that trust or
3organization remains in existence and by law is required to be
4registered, in order to re-register, a new registration must be
5filed accompanied by required financial reports, and in all
6instances where re-registration is required, submitted, and
7allowed, the new re-registration materials must be filed,
8accompanied by a re-registration fee of $50 $200.
9    (c) If a person or trustee fails to register or maintain
10registration of a trust or organization or fails to file
11reports as provided in this Act, the person or trustee is
12subject to injunction, to removal, to account, and to
13appropriate other relief before a court of competent
14jurisdiction exercising chancery jurisdiction. In the event of
15such action, the court may impose a civil penalty of not less
16than that $500 nor more than $1,000 against the organization or
17trust estate that failed to register or to maintain a
18registration required under this Act. The collected penalty
19shall be used for charitable trust enforcement and for
20providing charitable trust information to the public.
21(Source: P.A. 90-469, eff. 8-17-97; 91-444, eff. 8-6-99;
22revised 11-21-11.)