CHARITABLE TRUST STABILIZATION House SponsorsRep. Constance A. Howard-Careen M Gordon Senate Sponsors(Sen. Donne E. Trotter) 10/17/2007HousePublic Act . . . . . . . . . 95-0655 New Act30 ILCS 105/5.675 new Creates the Charitable Trust Stabilization Act and amends the State Finance Act. Creates the Charitable Trust Stabilization Fund as a special fund in the State treasury and requires that the moneys in the Fund be used for financial assistance to participating eligible charitable organizations. Creates the Charitable Trust Stabilization Committee to administer the Fund. Provides that eligible charitable organizations may elect to participate by agreeing to have 3% of the proceeds received by that organization from a grant award or contract with any State agency placed in the Charitable Trust Stabilization Fund. Sets forth requirements for eligible organizations.House Amendment No. 1 Provides that on the June 30 that occurs in the third year after the transfer to the Charitable Trust Stabilization Fund, the Treasurer must transfer the amount of $1,000,000 from the Charitable Trust Stabilization Fund to the General Revenue Fund, and if, on that date, less than $1,000,000 is available for transfer, then the Treasurer must transfer the remaining balance of the Charitable Trust Stabilization Fund to the General Revenue Fund, and on each June 30 thereafter must transfer any balance in the Charitable Trust Stabilization Fund to the General Revenue Fund until the aggregate amount of $1,000,000 has been transferred. Provides that the grant program under this Act is permissive and is subject to appropriation by the General Assembly.Senate Committee Amendment No. 1 Adds reference to:805 ILCS 105/115.10from Ch. 32, par. 115.10Deletes everything after the enacting clause. Reinserts the provisions of the engrossed bill with the following changes: Makes changes to the membership of the Charitable Trust Stabilization Committee. Deletes the provision that an eligible organization may elect to participate in the Charitable Trust Stabilization Program by agreeing to have 3% of the proceeds received by that organization from a grant award or contract with any State agency placed in the Charitable Trust Stabilization Fund. Amends the General Not For Profit Corporation Act of 1986. Increases the fee for filing an annual report from $5 to $10 and requires that $5 of that fee must be deposited into the Charitable Trust Stabilization Fund. Makes other changes.Senate Floor Amendment No. 2 Adds reference to:805 ILCS 105/115.10from Ch. 32, par. 115.10Deletes everything after the enacting clause. Reinserts the provisions of the bill, as amended by Senate Amendment No. 1, with the following changes: Makes changes to the membership of the Charitable Trust Stabilization Committee and provides the Attorney General (instead of the Lieutenant Governor) or his or her designee shall serve as co-chair of the Charitable Trust Stabilization Committee).Governor Amendatory Veto Message Recommends that, to be eligible to receive a grant under the Charitable Trust Stabilization Act, the organization must provide evidence that it is in good financial standing, including, but not limited to, a showing that there have been no audit findings for the previous 2-year period that would adversely affect the organization's Section 501(c)(3) tax-exempt status and other evidence, as specified by Committee rules. 2/27/2007HouseFiled with the Clerk by Rep. Constance A. Howard 2/28/2007HouseFirst Reading 2/28/2007HouseReferred to Rules Committee 3/1/2007HouseAssigned to State Government Administration Committee 3/14/2007HouseDo Pass / Short Debate State Government Administration Committee; 011-000-000 3/15/2007HousePlaced on Calendar 2nd Reading - Short Debate 3/20/2007HouseSecond Reading - Short Debate 3/20/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/22/2007HouseRecalled to Second Reading - Short Debate 3/22/2007HouseHeld on Calendar Order of Second Reading - Short Debate 4/17/2007HouseHouse Amendment No. 1 Filed with Clerk by Rep. Constance A. Howard 4/17/2007HouseHouse Amendment No. 1 Referred to Rules Committee 4/18/2007HouseHouse Amendment No. 1 Recommends Be Adopted Rules Committee; 005-000-000 4/19/2007HouseSecond Reading - Short Debate 4/19/2007HouseHouse Amendment No. 1 Adopted by Voice Vote 4/19/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/19/2007HouseAdded Chief Co-Sponsor Rep. Careen M Gordon 4/24/2007HouseThird Reading - Short Debate - Passed 104-007-001 4/25/2007SenateArrive in Senate 4/25/2007SenatePlaced on Calendar Order of First Reading April 26, 2007 4/25/2007SenateChief Senate Sponsor Sen. Donne E. Trotter 4/26/2007SenateFirst Reading 4/26/2007SenateReferred to Rules 5/2/2007SenateAssigned to Judiciary Civil Law 5/9/2007SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Donne E. Trotter 5/9/2007SenateSenate Committee Amendment No. 1 Referred to Rules 5/9/2007SenateSenate Committee Amendment No. 1 Rules Refers to Judiciary Civil Law 5/15/2007SenateSenate Committee Amendment No. 1 Adopted 5/15/2007SenateDo Pass as Amended Judiciary Civil Law; 008-001-000 5/15/2007SenatePlaced on Calendar Order of 2nd Reading May 16, 2007 5/22/2007SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Donne E. Trotter 5/22/2007SenateSenate Floor Amendment No. 2 Referred to Rules 5/22/2007SenateSecond Reading 5/22/2007SenatePlaced on Calendar Order of 3rd Reading May 23, 2007 5/23/2007SenateSenate Floor Amendment No. 2 Rules Refers to Judiciary Civil Law 5/24/2007SenateSenate Floor Amendment No. 2 Recommend Do Adopt Judiciary Civil Law; 007-000-000 5/24/2007SenateRecalled to Second Reading 5/24/2007SenateSenate Floor Amendment No. 2 Adopted; Trotter 5/24/2007SenatePlaced on Calendar Order of 3rd Reading May 25, 2007 5/25/2007SenateRule 2-10 Third Reading Deadline Established As May 31, 2007 5/28/2007SenateThird Reading - Passed; 049-004-001 5/29/2007HouseArrived in House 5/29/2007HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1,2 5/31/2007HouseFinal Action Deadline Extended-9(b) June 8, 2007 6/5/2007HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Constance A. Howard 6/5/2007HouseSenate Floor Amendment No. 2 Motion Filed Concur Rep. Constance A. Howard 6/5/2007HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee 6/5/2007HouseSenate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee 6/7/2007HouseSenate Committee Amendment No. 1 Motion to Concur Rules Referred to State Government Administration Committee 6/7/2007HouseSenate Floor Amendment No. 2 Motion to Concur Rules Referred to State Government Administration Committee 6/8/2007HouseFinal Action Deadline Extended-9(b) June 15, 2007 6/13/2007HouseSenate Committee Amendment No. 1 Motion to Concur Recommends be Adopted State Government Administration Committee; 006-004-000 6/13/2007HouseSenate Floor Amendment No. 2 Motion to Concur Recommends be Adopted State Government Administration Committee; 006-003-000 6/14/2007HouseSenate Committee Amendment No. 1 House Concurs 061-038-000 6/14/2007HouseSenate Floor Amendment No. 2 House Concurs 061-038-000 6/14/2007HousePassed Both Houses 7/13/2007HouseSent to the Governor 9/11/2007HouseGovernor Amendatory Veto 9/19/2007HousePlaced on Calendar Amendatory Veto October 2, 2007 10/1/2007HouseMotion Filed Override Amendatory Veto Rep. Constance A. Howard 10/2/2007House3/5 Vote Required 10/2/2007HouseOverride Amendatory Veto - House Passed 071-042-000 10/10/2007SenatePlaced on Calendar Amendatory Veto October 11, 2007 10/11/2007SenateMotion Filed Override Amendatory Veto Sen. Donne E. Trotter 10/11/2007Senate3/5 Vote Required 10/11/2007SenateOverride Amendatory Veto - Senate Passed 049-006-001 10/11/2007HouseAmendatory Veto Overridden Both Houses 10/17/2007HouseEffective Date June 1, 2008 10/17/2007HousePublic Act . . . . . . . . . 95-0655