Illinois General Assembly

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 Bill Status of SB1383  99th General Assembly


Short Description:  ABLE ACCOUNT PROGRAM

Senate Sponsors
Sen. Scott M. Bennett - Julie A. Morrison - Patricia Van Pelt - Sue Rezin - Michael Noland, Chapin Rose, Thomas Cullerton, Toi W. Hutchinson, Antonio Muņoz, Jim Oberweis, Neil Anderson, David Koehler and Emil Jones, III

House Sponsors
(Rep. Kelly M. Burke - Robert W. Pritchard - Patricia R. Bellock - Laura Fine - John D. Anthony, Elaine Nekritz, Mary E. Flowers, Kelly M. Cassidy, Michelle Mussman, Rita Mayfield, Tom Demmer, La Shawn K. Ford, Kathleen Willis, Norine K. Hammond, Carol Ammons, Charles Meier, Michael D. Unes, Linda Chapa LaVia, Fred Crespo, Dan Brady, Frances Ann Hurley, Cynthia Soto, John C. D'Amico, Elizabeth Hernandez, Ann M. Williams, Will Guzzardi, Silvana Tabares, Emanuel Chris Welch, Robert Martwick and Katherine Cloonen)

Last Action
DateChamber Action
  7/27/2015SenatePublic Act . . . . . . . . . 99-0145

Statutes Amended In Order of Appearance
15 ILCS 505/16.6 new


Synopsis As Introduced
Amends the State Treasurer Act. Creates the "Achieving a Better Life Experience" or "ABLE" account program to encourage and assist individuals and families in saving private funds for the purpose of supporting persons with disabilities in endeavors to maintain health, independence, and quality of life, and to provide secure funding for disability-related expenses on behalf of designated beneficiaries with disabilities that will supplement, but not supplant, benefits provided through private insurance, federal and State medical and disability insurance, the beneficiary's employment, and other sources. Provides that the State Treasurer shall be primarily responsible for the plan but shall work with the Illinois State Board of Investment. Sets forth the requirements of the plan. Requires the State Treasurer to adopt rules to implement the program. Defines required terms.

Senate Floor Amendment No. 1
Adds reference to:
30 ILCS 105/5.866 new

Replaces everything after the enacting clause with the introduced bill. Makes the following changes: makes changes to defined terms. Adds additional defined terms. Allows the State Treasurer to enter into agreements with other states to either allow Illinois residents to participate in an ABLE account plan operated by another state or to allow residents of other states to participate in the Illinois ABLE plan. Requires the designated beneficiary of an ABLE account to be a resident of Illinois or a resident of a contracting state. Provides that plan assets are not subject to claims by creditors of the State and may not be used as security for a loan. Requires the State Treasurer to promote awareness of the availability and advantages of the ABLE account plan as a way to assist individuals and families in saving private funds for the purpose of supporting individuals with disabilities but prohibits the State Treasurer from promoting or accepting contributions for ABLE accounts until the Internal Revenue Service has issued its final regulations concerning ABLE accounts. Requires the account administrator to annually prepare and adopt a written statement of investment policy that includes a risk management and oversight program. Makes other changes concerning the administration of the ABLE account plan. Creates the Illinois ABLE Accounts Administrative Fund. Amends the State Finance Act. Adds the Illinois ABLE Accounts Administrative Fund.

House Committee Amendment No. 1
Corrects a citation.

Actions 
DateChamber Action
  2/20/2015SenateFiled with Secretary by Sen. Scott M. Bennett
  2/20/2015SenateFirst Reading
  2/20/2015SenateReferred to Assignments
  2/25/2015SenateAssigned to State Government and Veterans Affairs
  3/19/2015SenatePostponed - State Government and Veterans Affairs
  3/24/2015SenateAdded as Chief Co-Sponsor Sen. Julie A. Morrison
  3/25/2015SenateAdded as Co-Sponsor Sen. Chapin Rose
  3/25/2015SenateAdded as Chief Co-Sponsor Sen. Patricia Van Pelt
  3/25/2015SenateAdded as Co-Sponsor Sen. Thomas Cullerton
  3/26/2015SenateDo Pass State Government and Veterans Affairs; 007-000-000
  3/26/2015SenatePlaced on Calendar Order of 2nd Reading April 14, 2015
  4/17/2015SenateAdded as Co-Sponsor Sen. Toi W. Hutchinson
  4/17/2015SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Scott M. Bennett
  4/17/2015SenateSenate Floor Amendment No. 1 Referred to Assignments
  4/21/2015SenateSecond Reading
  4/21/2015SenatePlaced on Calendar Order of 3rd Reading April 22, 2015
  4/21/2015SenateSenate Floor Amendment No. 1 Assignments Refers to State Government and Veterans Affairs
  4/21/2015SenateAdded as Co-Sponsor Sen. Antonio Muņoz
  4/23/2015SenateSenate Floor Amendment No. 1 Recommend Do Adopt State Government and Veterans Affairs; 005-000-000
  4/23/2015SenateAdded as Co-Sponsor Sen. Jim Oberweis
  4/23/2015SenateRecalled to Second Reading
  4/23/2015SenateSenate Floor Amendment No. 1 Adopted; Bennett
  4/23/2015SenatePlaced on Calendar Order of 3rd Reading
  4/23/2015SenateAdded as Chief Co-Sponsor Sen. Sue Rezin
  4/23/2015SenateAdded as Chief Co-Sponsor Sen. Michael Noland
  4/23/2015SenateAdded as Co-Sponsor Sen. Neil Anderson
  4/23/2015SenateAdded as Co-Sponsor Sen. David Koehler
  4/23/2015SenateThird Reading - Passed; 057-000-000
  4/24/2015HouseArrived in House
  4/24/2015HouseChief House Sponsor Rep. Kelly M. Burke
  4/24/2015HouseFirst Reading
  4/24/2015HouseReferred to Rules Committee
  4/28/2015HouseAdded Alternate Chief Co-Sponsor Rep. Robert W. Pritchard
  4/28/2015HouseAdded Alternate Chief Co-Sponsor Rep. Patricia R. Bellock
  4/28/2015HouseAdded Alternate Chief Co-Sponsor Rep. Laura Fine
  5/4/2015HouseAssigned to Human Services Committee
  5/4/2015HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Kelly M. Burke
  5/4/2015HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  5/5/2015HouseAdded Alternate Chief Co-Sponsor Rep. John D. Anthony
  5/6/2015HouseAdded Alternate Co-Sponsor Rep. Elaine Nekritz
  5/6/2015HouseAdded Alternate Co-Sponsor Rep. Mary E. Flowers
  5/7/2015HouseAdded Alternate Co-Sponsor Rep. Kelly M. Cassidy
  5/7/2015HouseAdded Alternate Co-Sponsor Rep. Michelle Mussman
  5/7/2015HouseAdded Alternate Co-Sponsor Rep. Rita Mayfield
  5/7/2015HouseAdded Alternate Co-Sponsor Rep. Tom Demmer
  5/7/2015HouseAdded Alternate Co-Sponsor Rep. La Shawn K. Ford
  5/7/2015HouseAdded Alternate Co-Sponsor Rep. Kathleen Willis
  5/7/2015HouseAdded Alternate Co-Sponsor Rep. Norine K. Hammond
  5/8/2015HouseCommittee Deadline Extended-Rule 9(b) May 15, 2015
  5/11/2015HouseHouse Committee Amendment No. 1 Rules Refers to Human Services Committee
  5/12/2015HouseAdded Alternate Co-Sponsor Rep. Carol Ammons
  5/13/2015HouseHouse Committee Amendment No. 1 Adopted in Human Services Committee; by Voice Vote
  5/13/2015HouseDo Pass as Amended / Short Debate Human Services Committee; 014-000-000
  5/13/2015HousePlaced on Calendar 2nd Reading - Short Debate
  5/18/2015HouseSecond Reading - Short Debate
  5/18/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/19/2015HouseAdded Alternate Co-Sponsor Rep. Charles Meier
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. Michael D. Unes
  5/21/2015HouseThird Reading - Short Debate - Passed 117-000-000
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. Linda Chapa LaVia
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. Fred Crespo
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. Dan Brady
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. Frances Ann Hurley
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. Cynthia Soto
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. John C. D'Amico
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. Elizabeth Hernandez
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. Ann M. Williams
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. Will Guzzardi
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. Silvana Tabares
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. Emanuel Chris Welch
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. Robert Martwick
  5/21/2015HouseAdded Alternate Co-Sponsor Rep. Katherine Cloonen
  5/21/2015SenateSecretary's Desk - Concurrence House Amendment(s) 1
  5/21/2015SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 22, 2015
  5/25/2015SenateAdded as Co-Sponsor Sen. Emil Jones, III
  5/27/2015SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Scott M. Bennett
  5/27/2015SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
  5/28/2015SenateHouse Committee Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments
  5/31/2015SenateHouse Committee Amendment No. 1 Senate Concurs 058-000-000
  5/31/2015SenateSenate Concurs 058-000-000
  5/31/2015SenatePassed Both Houses
  6/29/2015SenateSent to the Governor
  7/27/2015SenateGovernor Approved
  7/27/2015SenateEffective Date January 1, 2016
  7/27/2015SenatePublic Act . . . . . . . . . 99-0145

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