Illinois General Assembly - Bill Status for HB3781
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB3781  97th General Assembly


Short Description:  PUBLIC FUNDS-BRANCH CLOSINGS

House Sponsors
Rep. La Shawn K. Ford

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 225/1.5 new


Synopsis As Introduced
Amends the Public Funds Deposit Act. Provides that a depository institution that intends to close, relocate, or consolidate a branch location that impacts a low-income, moderate-income, or economically depressed urban or rural community must comply with certain advance notice and hearing requirements. Provides for the State Treasurer to hold a public hearing and determine whether it is in the best interests of the State to allow the closing, relocation, or consolidation. If the institution does not abide with a determination by the State Treasurer adverse to the institution's intent, then it may not receive or retain deposits of public funds. Effective immediately.

Actions 
DateChamber Action
  5/16/2011HouseFiled with the Clerk by Rep. La Shawn K. Ford
  5/16/2011HouseFirst Reading
  5/16/2011HouseReferred to Rules Committee
  1/8/2013HouseSession Sine Die

Back To Top