102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB4628

 

Introduced 1/21/2022, by Rep. Jonathan Carroll

 

SYNOPSIS AS INTRODUCED:
 
205 ILCS 305/8  from Ch. 17, par. 4409
205 ILCS 305/9  from Ch. 17, par. 4410
205 ILCS 305/20  from Ch. 17, par. 4421
205 ILCS 305/59  from Ch. 17, par. 4460

    Amends the Illinois Credit Union Act. In provisions concerning reports and examinations, provides that one or more credit unions may be examined less frequently than biennially upon the Secretary of Financial and Professional Regulation's written statement. Provides that the Secretary's written statement shall include a finding that good cause exists; a finding that there is no reasonable expectation that harm to members will result; and, to the extent reasonable under the circumstances, identification of the affected credit unions and the expected frequency of examination. Provides that a written statement made pursuant to the provisions may be superseded by a subsequent statement. Provides that the Secretary is not required to conduct examinations that the Secretary would have been required to conduct but for a written statement. Provides that the written statement shall not be confidential supervisory information except to the extent it names or permits the identification of specific credit unions. Provides that the Secretary may accept an examination from the National Credit Union Administration or a private insurer instead of an examination conducted by the Department of Financial and Professional Regulation or by a public accountant registered by the Department. Provides that upon amendment of a credit union's bylaws (rather than upon amendment of a credit union's bylaws approved by the members), in all elections for directors, every member who is a natural person shall have the right to cast one vote in person, by proxy, or by secure electronic record if approved by the board of directors, for as many persons as there are directors to be elected. Changes a reference from "categories" to "investment grades". Makes other changes. Effective immediately.


LRB102 21294 BMS 30405 b

 

 

A BILL FOR

 

HB4628LRB102 21294 BMS 30405 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Credit Union Act is amended by
5changing Sections 8, 9, 20 and 59 as follows:
 
6    (205 ILCS 305/8)  (from Ch. 17, par. 4409)
7    Sec. 8. Secretary's powers and duties. Credit unions are
8regulated by the Department. The Secretary in executing the
9powers and discharging the duties vested by law in the
10Department has the following powers and duties:
11        (1) To exercise the rights, powers and duties set
12    forth in this Act or any related Act. The Director shall
13    oversee the functions of the Division and report to the
14    Secretary, with respect to the Director's exercise of any
15    of the rights, powers, and duties vested by law in the
16    Secretary under this Act. All references in this Act to
17    the Secretary shall be deemed to include the Director, as
18    a person authorized by the Secretary or this Act to assume
19    responsibility for the oversight of the functions of the
20    Department relating to the regulatory supervision of
21    credit unions under this Act.
22        (2) To prescribe rules and regulations for the
23    administration of this Act. The provisions of the Illinois

 

 

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1    Administrative Procedure Act are hereby expressly adopted
2    and incorporated herein as though a part of this Act, and
3    shall apply to all administrative rules and procedures of
4    the Department under this Act.
5        (3) To direct and supervise all the administrative and
6    technical activities of the Department including the
7    employment of a Credit Union Supervisor who shall have
8    knowledge in the theory and practice of, or experience in,
9    the operations or supervision of financial institutions,
10    preferably credit unions, and such other persons as are
11    necessary to carry out his functions. The Secretary shall
12    ensure that all examiners appointed or assigned to examine
13    the affairs of State-chartered credit unions possess the
14    necessary training and continuing education to effectively
15    execute their jobs.
16        (4) To issue cease and desist orders when in the
17    opinion of the Secretary, a credit union is engaged or has
18    engaged, or the Secretary has reasonable cause to believe
19    the credit union is about to engage, in an unsafe or
20    unsound practice, or is violating or has violated or the
21    Secretary has reasonable cause to believe is about to
22    violate a law, rule or regulation or any condition imposed
23    in writing by the Department.
24        (5) To suspend from office and to prohibit from
25    further participation in any manner in the conduct of the
26    affairs of any his credit union any director, officer or

 

 

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1    committee member who has committed any violation of a law,
2    rule, regulation or of a cease and desist order or who has
3    engaged or participated in any unsafe or unsound practice
4    in connection with the credit union or who has committed
5    or engaged in any act, omission, or practice which
6    constitutes a breach of his fiduciary duty as such
7    director, officer or committee member, when the Secretary
8    has determined that such action or actions have resulted
9    or will result in substantial financial loss or other
10    damage that seriously prejudices the interests of the
11    members.
12        (6) To assess a civil penalty against a credit union
13    provided that:
14            (A) the Secretary reasonably determines, based on
15        objective facts and an accurate assessment of
16        applicable legal standards, that the credit union has:
17                (i) committed a violation of this Act, any
18            rule adopted in accordance with this Act, or any
19            order of the Secretary issued pursuant to his or
20            her authority under this Act; or
21                (ii) engaged or participated in any unsafe or
22            unsound practice;
23            (B) before a civil penalty is assessed under this
24        item (6), the Secretary must make the further
25        reasonable determination, based on objective facts and
26        an accurate assessment of applicable legal standards,

 

 

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1        that the credit union's action constituting a
2        violation under subparagraph (i) of paragraph (A) of
3        item (6) or an unsafe and unsound practice under
4        subparagraph (ii) of paragraph (A) of item (6):
5                (i) directly resulted in a substantial and
6            material financial loss or created a reasonable
7            probability that a substantial and material
8            financial loss will directly result; or
9                (ii) constituted willful misconduct or a
10            material breach of fiduciary duty of any director,
11            officer, or committee member of the credit union;
12            Material financial loss, as referenced in this
13        paragraph (B), shall be assessed in light of
14        surrounding circumstances and the relative size and
15        nature of the financial loss or probable financial
16        loss. Certain benchmarks shall be used in determining
17        whether financial loss is material, such as a
18        percentage of total assets or total gross income for
19        the immediately preceding 12-month period. Absent
20        compelling and extraordinary circumstances, no civil
21        penalty shall be assessed, unless the financial loss
22        or probable financial loss is equal to or greater than
23        either 1% of the credit union's total assets for the
24        immediately preceding 12-month period, or 1% of the
25        credit union's total gross income for the immediately
26        preceding 12-month period, whichever is less;

 

 

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1            (C) before a civil penalty is assessed under this
2        item (6), the credit union must be expressly advised
3        in writing of the:
4                (i) specific violation that could subject it
5            to a penalty under this item (6); and
6                (ii) specific remedial action to be taken
7            within a specific and reasonable time frame to
8            avoid imposition of the penalty;
9            (D) Civil penalties assessed under this item (6)
10        shall be remedial, not punitive, and reasonably
11        tailored to ensure future compliance by the credit
12        union with the provisions of this Act and any rules
13        adopted pursuant to this Act;
14            (E) a credit union's failure to take timely
15        remedial action with respect to the specific violation
16        may result in the issuance of an order assessing a
17        civil penalty up to the following maximum amount,
18        based upon the total assets of the credit union:
19                (i) Credit unions with assets of less than $10
20            million................................................$1,000
21                (ii) Credit unions with assets of at least $10
22            million and less than $50 million......................$2,500
23                (iii) Credit unions with assets of at least
24            $50 million and less than $100 million.................$5,000
25                (iv) Credit unions with assets of at least
26            $100 million and less than $500 million...............$10,000

 

 

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1                (v) Credit unions with assets of at least $500
2            million and less than $1 billion......................$25,000
3                (vi) Credit unions with assets of $1 billion
4            and greater.....................................$50,000; and
5            (F) an order assessing a civil penalty under this
6        item (6) shall take effect upon service of the order,
7        unless the credit union makes a written request for a
8        hearing under 38 IL. Adm. Code 190.20 of the
9        Department's rules for credit unions within 90 days
10        after issuance of the order; in that event, the order
11        shall be stayed until a final administrative order is
12        entered.
13        This item (6) shall not apply to violations separately
14    addressed in rules as authorized under item (7) of this
15    Section.
16        (7) Except for the fees established in this Act, to
17    prescribe, by rule and regulation, fees and penalties for
18    preparing, approving, and filing reports and other
19    documents; furnishing transcripts; holding hearings;
20    investigating applications for permission to organize,
21    merge, or convert; failure to maintain accurate books and
22    records to enable the Department to conduct an
23    examination; and taking supervisory actions.
24        (8) To destroy, in his discretion, any or all books
25    and records of any credit union in his possession or under
26    his control after the expiration of three years from the

 

 

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1    date of cancellation of the charter of such credit unions.
2        (9) To make investigations and to conduct research and
3    studies and to publish some of the problems of persons in
4    obtaining credit at reasonable rates of interest and of
5    the methods and benefits of cooperative saving and lending
6    for such persons.
7        (10) To authorize, foster or establish experimental,
8    developmental, demonstration or pilot projects by public
9    or private organizations including credit unions which:
10            (a) promote more effective operation of credit
11        unions so as to provide members an opportunity to use
12        and control their own money to improve their economic
13        and social conditions; or
14            (b) are in the best interests of credit unions,
15        their members and the people of the State of Illinois.
16        (11) To cooperate in studies, training or other
17    administrative activities with, but not limited to, the
18    NCUA, other state credit union regulatory agencies and
19    industry trade associations in order to promote more
20    effective and efficient supervision of Illinois chartered
21    credit unions.
22        (12) Notwithstanding the provisions of this Section,
23    the Secretary shall not:
24            (1) issue an order against a credit union
25        organized under this Act for unsafe or unsound banking
26        practices solely because the entity provides or has

 

 

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1        provided financial services to a cannabis-related
2        legitimate business;
3            (2) prohibit, penalize, or otherwise discourage a
4        credit union from providing financial services to a
5        cannabis-related legitimate business solely because
6        the entity provides or has provided financial services
7        to a cannabis-related legitimate business;
8            (3) recommend, incentivize, or encourage a credit
9        union not to offer financial services to an account
10        holder or to downgrade or cancel the financial
11        services offered to an account holder solely because:
12                (A) the account holder is a manufacturer or
13            producer, or is the owner, operator, or employee
14            of a cannabis-related legitimate business;
15                (B) the account holder later becomes an owner
16            or operator of a cannabis-related legitimate
17            business; or
18                (C) the credit union was not aware that the
19            account holder is the owner or operator of a
20            cannabis-related legitimate business; and
21            (4) take any adverse or corrective supervisory
22        action on a loan made to an owner or operator of:
23                (A) a cannabis-related legitimate business
24            solely because the owner or operator owns or
25            operates a cannabis-related legitimate business;
26            or

 

 

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1                (B) real estate or equipment that is leased to
2            a cannabis-related legitimate business solely
3            because the owner or operator of the real estate
4            or equipment leased the equipment or real estate
5            to a cannabis-related legitimate business.
6(Source: P.A. 101-27, eff. 6-25-19.)
 
7    (205 ILCS 305/9)  (from Ch. 17, par. 4410)
8    Sec. 9. Reports and examinations.
9    (1) Credit unions shall report to the Department on forms
10supplied by the Department, in accordance with a schedule
11published by the Department. A recapitulation of the annual
12reports shall be compiled and published annually by the
13Department, for the use of the General Assembly, credit
14unions, various educational institutions and other interested
15parties. A credit union which fails to file any report when due
16shall pay to the Department a late filing fee for each day the
17report is overdue as prescribed by rule. The Secretary may
18extend the time for filing a report.
19    (2) The Secretary may require special examinations of and
20special financial reports from a credit union or a credit
21union organization in which a credit union loans, invests, or
22delegates substantially all managerial duties and
23responsibilities when he determines that such examinations and
24reports are necessary to enable the Department to determine
25the safety of a credit union's operation or its solvency. The

 

 

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1cost to the Department of the aforesaid special examinations
2shall be borne by the credit union being examined as
3prescribed by rule.
4    (3) All credit unions incorporated under this Act shall be
5examined at least biennially by the Department or, at the
6discretion of the Secretary, by a public accountant registered
7by the Department of Financial and Professional Regulation.
8The costs of an examination shall be paid by the credit union.
9The scope of all examinations by a public accountant shall be
10at least equal to the examinations made by the Department. The
11examiners shall have full access to, and may compel the
12production of, all the books, papers, securities and accounts
13of any credit union. A special examination shall be made by the
14Department or by a public accountant approved by the
15Department upon written request of 5 or more members, who
16guarantee the expense of the same. Any credit union refusing
17to submit to an examination when ordered by the Department
18shall be reported to the Attorney General, who shall institute
19proceedings to have its charter revoked. If the Secretary
20determines that the examination of a credit union is to be
21conducted by a public accountant registered by the Department
22of Financial and Professional Regulation and the examination
23is done in conjunction with the credit union's external
24independent audit of financial statements, the requirements of
25this Section and subsection (3) of Section 34 shall be deemed
26met.

 

 

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1    (3.5) Pursuant to Section 8, the Secretary shall adopt
2rules that ensure consistency and due process in the
3examination process. The Secretary may also establish
4guidelines that (i) define the scope of the examination
5process and (ii) clarify examination items to be resolved. The
6rules, formal guidance, interpretive letters, or opinions
7furnished to credit unions by the Secretary may be relied upon
8by the credit unions.
9    (4) A copy of the completed report of examination and a
10review comment letter, if any, citing exceptions revealed
11during the examination, shall be submitted to the credit union
12by the Department. A detailed report stating the corrective
13actions taken by the board of directors on each exception set
14forth in the review comment letter shall be filed with the
15Department within 40 days after the date of the review comment
16letter, or as otherwise directed by the Department. Any credit
17union through its officers, directors, committee members or
18employees, which willfully provides fraudulent or misleading
19information regarding the corrective actions taken on
20exceptions appearing in a review comment letter may have its
21operations restricted to the collection of principal and
22interest on loans outstanding and the payment of normal
23expenses and salaries until all exceptions are corrected and
24accepted by the Department.
25    (5) Notwithstanding the biennial examination requirement
26of subsection (3), one or more credit unions may be examined

 

 

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1less frequently upon the Secretary's written statement. The
2Secretary's statement shall include the following:
3        (a) a finding that good cause exists;
4        (b) a finding that there is no reasonable expectation
5    that harm to members will result; and
6        (c) to the extent reasonable under the circumstances,
7    identification of the affected credit unions and the
8    expected frequency of examination.
9    A written statement made pursuant to this subsection may
10be superseded by a subsequent statement made pursuant to this
11subsection. The Secretary is not required to conduct
12examinations that the Secretary would have been required to
13conduct but for a written statement made pursuant to this
14subsection. Nothing in this subsection shall be construed to
15limit the Secretary's authority under this Act. The written
16statement shall not be confidential supervisory information
17except to the extent it names or permits the identification of
18specific credit unions.
19    (6) The Secretary may accept an examination from the
20National Credit Union Administration or a private insurer
21instead of an examination conducted by the Department or by a
22public accountant registered by the Department pursuant to
23subsection (3).
24(Source: P.A. 102-558, eff. 8-20-21.)
 
25    (205 ILCS 305/20)  (from Ch. 17, par. 4421)

 

 

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1    Sec. 20. Election or appointment of officials.
2    (1) The credit union shall be directed by a board of
3directors consisting of no less than 7 in number, to be elected
4at the annual meeting by and from the members. Directors shall
5hold office until the next annual meeting, unless their terms
6are staggered. Upon amendment of its bylaws, a credit union
7may divide the directors into 2 or 3 classes with each class as
8nearly equal in number as possible. The term of office of the
9directors of the first class shall expire at the first annual
10meeting after their election, that of the second class shall
11expire at the second annual meeting after their election, and
12that of the third class, if any, shall expire at the third
13annual meeting after their election. At each annual meeting
14after the classification, the number of directors equal to the
15number of directors whose terms expire at the time of the
16meeting shall be elected to hold office until the second
17succeeding annual meeting if there are 2 classes or until the
18third succeeding annual meeting if there are 3 classes. A
19director shall hold office for the term for which he or she is
20elected and until his or her successor is elected and
21qualified.
22    (1.5) Except as provided in subsection (1.10), in all
23elections for directors, every member has the right to vote,
24in person, by proxy, or by secure electronic record if
25approved by the board of directors, the number of shares owned
26by him, or in the case of a member other than a natural person,

 

 

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1the member's one vote, for as many persons as there are
2directors to be elected, or to cumulate such shares, and give
3one candidate as many votes as the number of directors
4multiplied by the number of his shares equals, or to
5distribute them on the same principle among as many candidates
6as he may desire and the directors shall not be elected in any
7other manner. Shares held in a joint account owned by more than
8one member may be voted by any one of the members, however, the
9number of cumulative votes cast may not exceed a total equal to
10the number of shares multiplied by the number of directors to
11be elected. A majority of the shares entitled to vote shall be
12represented either in person or by proxy for the election of
13directors. Each director shall wholly take and subscribe to an
14oath that he will diligently and honestly perform his duties
15in administering the affairs of the credit union, that while
16he may delegate to another the performance of those
17administrative duties he is not thereby relieved from his
18responsibility for their performance, that he will not
19knowingly violate or permit to be violated any law applicable
20to the credit union, and that he is the owner of at least one
21share of the credit union.
22    (1.10) Upon amendment of a credit union's bylaws approved
23by the members, in all elections for directors, every member
24who is a natural person shall have the right to cast one vote,
25regardless of the number of his or her shares, in person, by
26proxy, or by secure electronic record if approved by the board

 

 

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1of directors, for as many persons as there are directors to be
2elected.
3    (1.15) If the board of directors has adopted a policy
4addressing age eligibility standards on voting, holding
5office, or petitioning the board, then a credit union may
6require (i) that members be at least 18 years of age by the
7date of the meeting in order to vote at meetings of the
8members, sign nominating petitions, or sign petitions
9requesting special meetings, and (ii) that members be at least
1018 years of age by the date of election or appointment in order
11to hold elective or appointive office.
12    (2) The board of directors shall appoint from among the
13members of the credit union, a supervisory committee of not
14less than 3 members at the organization meeting and within 30
15days following each annual meeting of the members for such
16terms as the bylaws provide. Members of the supervisory
17committee may, but need not be, on the board of directors, but
18shall not be officers of the credit union, members of the
19credit committee, or the credit manager if no credit committee
20has been appointed.
21    (3) The board of directors may appoint, from among the
22members of the credit union, a credit committee consisting of
23an odd number, not less than 3 for such terms as the bylaws
24provide. Members of the credit committee may, but need not be,
25directors or officers of the credit union, but shall not be
26members of the supervisory committee.

 

 

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1    (4) The board of directors may appoint from among the
2members of the credit union a membership committee of one or
3more persons. If appointed, the committee shall act upon all
4applications for membership and submit a report of its actions
5to the board of directors at the next regular meeting for
6review. If no membership committee is appointed, credit union
7management shall act upon all applications for membership and
8submit a report of its actions to the board of directors at the
9next regular meeting for review.
10    (5) As used in this Section, "electronic" and "electronic
11record" have the meanings ascribed to those terms in the
12Uniform Electronic Transactions Act. As used in this Section,
13"secured electronic record" means an electronic record that
14meets the criteria set forth in the Uniform Electronic
15Transactions Act.
16(Source: P.A. 102-38, eff. 6-25-21; revised 8-3-21.)
 
17    (205 ILCS 305/59)  (from Ch. 17, par. 4460)
18    Sec. 59. Investment of funds.
19    (a) Funds not used in loans to members may be invested,
20pursuant to subsection (7) of Section 30 of this Act, and
21subject to Departmental rules and regulations:
22        (1) In securities, obligations or other instruments of
23    or issued by or fully guaranteed as to principal and
24    interest by the United States of America or any agency
25    thereof or in any trust or trusts established for

 

 

HB4628- 17 -LRB102 21294 BMS 30405 b

1    investing directly or collectively in the same;
2        (2) In obligations of any state of the United States,
3    the District of Columbia, the Commonwealth of Puerto Rico,
4    and the several territories organized by Congress, or any
5    political subdivision thereof; however, a credit union may
6    not invest more than 10% of its unimpaired capital and
7    surplus in the obligations of one issuer, exclusive of
8    general obligations of the issuer, and investments in
9    municipal securities must be limited to securities rated
10    in one of the 4 highest rating investment grades
11    categories by a nationally recognized statistical rating
12    organization;
13        (3) In certificates of deposit or passbook type
14    accounts issued by a state or national bank, mutual
15    savings bank or savings and loan association; provided
16    that such institutions have their accounts insured by the
17    Federal Deposit Insurance Corporation or the Federal
18    Savings and Loan Insurance Corporation; but provided,
19    further, that a credit union's investment in an account in
20    any one institution may exceed the insured limit on
21    accounts;
22        (4) In shares, classes of shares or share certificates
23    of other credit unions, including, but not limited to
24    corporate credit unions; provided that such credit unions
25    have their members' accounts insured by the NCUA or other
26    approved insurers, and that if the members' accounts are

 

 

HB4628- 18 -LRB102 21294 BMS 30405 b

1    so insured, a credit union's investment may exceed the
2    insured limit on accounts;
3        (5) In shares of a cooperative society organized under
4    the laws of this State or the laws of the United States in
5    the total amount not exceeding 10% of the unimpaired
6    capital and surplus of the credit union; provided that
7    such investment shall first be approved by the Department;
8        (6) In obligations of the State of Israel, or
9    obligations fully guaranteed by the State of Israel as to
10    payment of principal and interest;
11        (7) In shares, stocks or obligations of other
12    financial institutions in the total amount not exceeding
13    5% of the unimpaired capital and surplus of the credit
14    union;
15        (8) In federal funds and bankers' acceptances;
16        (9) In shares or stocks of Credit Union Service
17    Organizations in the total amount not exceeding the
18    greater of 6% of the unimpaired capital and surplus of the
19    credit union or the amount authorized for federal credit
20    unions;
21        (10) In corporate bonds identified as investment grade
22    by at least one nationally recognized statistical rating
23    organization, provided that:
24            (i) the board of directors has established a
25        written policy that addresses corporate bond
26        investment procedures and how the credit union will

 

 

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1        manage credit risk, interest rate risk, liquidity
2        risk, and concentration risk; and
3            (ii) the credit union has documented in its
4        records that a credit analysis of a particular
5        investment and the issuing entity was conducted by the
6        credit union, a third party on behalf of the credit
7        union qualified by education or experience to assess
8        the risk characteristics of corporate bonds, or a
9        nationally recognized statistical rating agency before
10        purchasing the investment and the analysis is updated
11        at least annually for as long as it holds the
12        investment;
13        (11) To aid in the credit union's management of its
14    assets, liabilities, and liquidity in the purchase of an
15    investment interest in a pool of loans, in whole or in part
16    and without regard to the membership of the borrowers,
17    from other depository institutions and financial type
18    institutions, including mortgage banks, finance companies,
19    insurance companies, and other loan sellers, subject to
20    such safety and soundness standards, limitations, and
21    qualifications as the Department may establish by rule or
22    guidance from time to time;
23        (12) To aid in the credit union's management of its
24    assets, liabilities, and liquidity by receiving funds from
25    another financial institution as evidenced by certificates
26    of deposit, share certificates, or other classes of shares

 

 

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1    issued by the credit union to the financial institution;
2        (13) In the purchase and assumption of assets held by
3    other financial institutions, with approval of the
4    Secretary and subject to any safety and soundness
5    standards, limitations, and qualifications as the
6    Department may establish by rule or guidance from time to
7    time; and
8        (14) In the shares, stocks, or obligations of
9    community development financial institutions as defined in
10    regulations issued by the U.S. Department of the Treasury
11    and minority depository institutions as defined by the
12    National Credit Union Administration; however the
13    aggregate amount of all such investments shall not at any
14    time exceed 5% of the paid-in and unimpaired capital and
15    surplus of the credit union.
16    (b) As used in this Section:
17    "Political subdivision" includes, but is not limited to,
18counties, townships, cities, villages, incorporated towns,
19school districts, educational service regions, special road
20districts, public water supply districts, fire protection
21districts, drainage districts, levee districts, sewer
22districts, housing authorities, park districts, and any
23agency, corporation, or instrumentality of a state or its
24political subdivisions, whether now or hereafter created and
25whether herein specifically mentioned or not.
26    "Financial institution" includes any bank, savings bank,

 

 

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1savings and loan association, or credit union established
2under the laws of the United States, this State, or any other
3state.
4    (c) A credit union investing to fund an employee benefit
5plan obligation is not subject to the investment limitations
6of this Act and this Section and may purchase an investment
7that would otherwise be impermissible if the investment is
8directly related to the credit union's obligation under the
9employee benefit plan and the credit union holds the
10investment only for so long as it has an actual or potential
11obligation under the employee benefit plan.
12    (d) If a credit union acquires loans from another
13financial institution or financial-type institution pursuant
14to this Section, the credit union shall be authorized to
15provide loan servicing and collection services in connection
16with those loans.
17(Source: P.A. 101-567, eff. 8-23-19; 102-496, eff. 8-20-21.)
 
18    Section 99. Effective date. This Act takes effect upon
19becoming law.