Illinois General Assembly - Bill Status for HB5148
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 Bill Status of HB5148  97th General Assembly


Short Description:  VEH CD-DEALER RECOVERY FUND

House Sponsors
Rep. Jim Sacia

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

Statutes Amended In Order of Appearance
625 ILCS 5/5-101from Ch. 95 1/2, par. 5-101
625 ILCS 5/5-102from Ch. 95 1/2, par. 5-102
625 ILCS 5/5-102.7


Synopsis As Introduced
Amends the Illinois Vehicle Code. Changes the fees charged for inclusion in the Dealer Recovery Trust Fund to $50 (instead of $500 for the applicant's established place of business, and $50 for each additional place of business, if any, and half those amounts if the application is made after June 15 of any year). Provides that in any year for which the balance in the Fund as of August 31st is greater than $1,500,000 (instead of $3,500,000), the Fund Administrator shall notify the Secretary of State and the Secretary shall suspend collection of the fee for the following year for any dealer who meets certain criteria. Provides that no award for a claim from the Fund shall exceed $25,000 (instead of $35,000).

Actions 
DateChamber Action
  2/8/2012HouseFiled with the Clerk by Rep. Jim Sacia
  2/8/2012HouseFirst Reading
  2/8/2012HouseReferred to Rules Committee
  1/8/2013HouseSession Sine Die

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