STATE DEBT COLLECTION-BUDGET Senate SponsorsSen. Chris Lauzen 1/9/2007SenateSession Sine Die 30 ILCS 210/8from Ch. 15, par. 158Amends the Illinois State Collection Act of 1986. Provides that after accounts have been certified by the Debt Collection Board or the Attorney General as uncollectible, the State Comptroller may sell the debts to outside private vendors or enter into one or more contracts with outside private vendors for the purpose of pursuing a last-call collection effort to collect these debts for a contingent fee. Provides that beginning on the effective date of this amendatory Act, the outside private vendors shall remit to the State Comptroller either (i) all amounts collected under a contract, net of contingent fees (now, remitted to the respective State agencies to whom the money is owed) or (ii) the purchase price for debts sold. Provides that the State Comptroller shall deposit the money received under these provisions into the Budget Stabilization Fund. Effective immediately. 2/18/2005SenateFiled with Secretary by Sen. Chris Lauzen 2/18/2005SenateFirst Reading 2/18/2005SenateReferred to Rules 1/9/2007SenateSession Sine Die