97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB5555

 

Introduced 2/15/2012, by Rep. Lisa M. Dugan

 

SYNOPSIS AS INTRODUCED:
 
625 ILCS 5/7-601.5 new

    Amends the Illinois Vehicle Code. Provides that every insurance company or surety company authorized to do business in this State shall collect a surcharge of $1 for each liability insurance policy issued which complies with statutory minimum coverage requirements. Provides that the surcharge shall be deposited into the into the Illinois Law Enforcement Alarm Systems Fund and used as follows: (i) 66.6% shall be used for homeland security initiatives and (ii) 33.3% shall be used for airborne operations. Provides that Illinois Law Enforcement Alarm Systems Executive Board shall annually supply the Director of State Police with a report of the use of the surcharges. Exempts units of government and nonprofit organizations from the new provisions. Effective January 1, 2013.


LRB097 19112 HEP 65572 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB5555LRB097 19112 HEP 65572 b

1    AN ACT concerning transportation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Vehicle Code is amended by adding
5Section 7-601.5 as follows:
 
6    (625 ILCS 5/7-601.5 new)
7    Sec. 7-601.5. Illinois Law Enforcement Alarm Systems
8insurance surcharge.
9    (a) Every insurance company or surety company authorized to
10do business in this State shall collect a surcharge of $1 for
11each liability insurance policy issued in accordance with
12Section 7-601 of this Code. The surcharge shall be collected at
13the same time and in the same manner that the premium or other
14charge for the insurance coverage is collected.
15    (b) Each month, the insurer shall remit all surcharge
16moneys collected to the Treasurer for deposit into the Illinois
17Law Enforcement Alarm Systems Fund.
18    (c) Moneys deposited into the Illinois Law Enforcement
19Alarm Systems Fund under this Section shall be allocated,
20subject to the approval of the Illinois Law Enforcement Alarm
21Systems Executive Board, as follows: (i) 66.6% shall be used
22for homeland security initiatives and (ii) 33.3% shall be used
23for airborne operations. The Illinois Law Enforcement Alarm

 

 

HB5555- 2 -LRB097 19112 HEP 65572 b

1Systems Executive Board shall annually supply the Director of
2State Police with a report of the use of these surcharges.
3    (d) This Section does not apply to (i) units of local,
4State, or federal government; and (ii) organizations based in
5this State that meet the requirements of Title 26, Section
6501(c)(3) of the United States Code.
 
7    Section 99. Effective date. This Act takes effect January
81, 2013.