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 Bill Status of SB1254  100th General Assembly


Short Description:  SAVINGS BANKS-REGULATORY FEES

Senate Sponsors
Sen. Chris Nybo

Last Action
DateChamber Action
  3/15/2017SenatePlaced on Calendar Order of 2nd Reading March 16, 2017

Statutes Amended In Order of Appearance
205 ILCS 205/9002.5


Synopsis As Introduced
Amends the Savings Bank Act. Provides that each savings bank and service corporation operating under the Act shall pay in quarterly installments equal to one-fourth of a specified rated regulatory fee determined by the amount of total assets (rather than previous rates and a fixed fee of $520). Makes related changes throughout the provisions. Provides that for any savings bank or service corporation operating under the Act that is examined by the Department of Financial and Professional Regulation between January 1, 2017 and the effective date of the amendatory Act, a regulatory fee shall not be paid to or due to the Department for the first billing of the regulatory fee immediately following the effective date of the amendatory Act. Provides that an affected institution shall pay the regulatory fee as prescribed in the specified regulatory fee schedule beginning with the second billing of the regulatory fee by the Department following the effective date of the amendatory Act. Effective immediately.

Actions 
DateChamber Action
  2/7/2017SenateFiled with Secretary by Sen. Chris Nybo
  2/7/2017SenateFirst Reading
  2/7/2017SenateReferred to Assignments
  3/7/2017SenateAssigned to Financial Institutions
  3/15/2017SenateDo Pass Financial Institutions; 006-000-000
  3/15/2017SenatePlaced on Calendar Order of 2nd Reading March 16, 2017

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