Illinois General Assembly - Bill Status for HB5607
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 Bill Status of HB5607  99th General Assembly


Short Description:  UNCLAIMED PROP US SAVINGS BOND

House Sponsors
Rep. Lou Lang

Senate Sponsors
(Sen. Terry Link)

Last Action
DateChamber Action
  7/15/2016HousePublic Act . . . . . . . . . 99-0556

Statutes Amended In Order of Appearance
765 ILCS 1025/8.1from Ch. 141, par. 108.1


Synopsis As Introduced
Amends the Uniform Disposition of Unclaimed Property Act. Provides that a United States Savings bond shall be presumed abandoned when the bond has remained unclaimed and unredeemed for 5 years after its date of final extended maturity. Provides that presumed abandoned and unclaimed bonds escheat to the State. Establishes a procedure by which the State Treasurer may obtain a judicial determination that the bond has escheated to the State.

Actions 
DateChamber Action
  2/9/2016HouseFiled with the Clerk by Rep. Lou Lang
  2/10/2016HouseFirst Reading
  2/10/2016HouseReferred to Rules Committee
  3/23/2016HouseAssigned to Executive Committee
  4/8/2016HouseCommittee Deadline Extended-Rule 9(b) April 22, 2016
  4/14/2016HouseDo Pass / Short Debate Executive Committee; 010-000-000
  4/14/2016HousePlaced on Calendar 2nd Reading - Short Debate
  4/15/2016HouseSecond Reading - Short Debate
  4/15/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/19/2016HouseThird Reading - Short Debate - Passed 108-006-000
  4/19/2016SenateArrive in Senate
  4/19/2016SenatePlaced on Calendar Order of First Reading April 20, 2016
  4/26/2016SenateChief Senate Sponsor Sen. Terry Link
  4/27/2016SenateFirst Reading
  4/27/2016SenateReferred to Assignments
  4/27/2016SenateAssigned to Judiciary
  5/4/2016SenateDo Pass Judiciary; 009-000-000
  5/4/2016SenatePlaced on Calendar Order of 2nd Reading May 5, 2016
  5/18/2016SenateSecond Reading
  5/18/2016SenatePlaced on Calendar Order of 3rd Reading May 19, 2016
  5/25/2016SenateThird Reading - Passed; 057-000-000
  5/25/2016HousePassed Both Houses
  6/23/2016HouseSent to the Governor
  7/15/2016HouseGovernor Approved
  7/15/2016HouseEffective Date January 1, 2017
  7/15/2016HousePublic Act . . . . . . . . . 99-0556

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