State of Illinois
2015 and 2016


Introduced 2/11/2016, by Rep. Eddie Lee Jackson, Sr.


765 ILCS 1025/8  from Ch. 141, par. 108
765 ILCS 1025/8.1  from Ch. 141, par. 108.1

    Amends the Uniform Disposition of Unclaimed Property Act. Decreases the duration from 7 years to 5 years for unclaimed property held by any federal, State, local government or governmental entity to be presumed abandoned.

LRB099 16221 AXK 40550 b





HB6074LRB099 16221 AXK 40550 b

1    AN ACT concerning civil law.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Uniform Disposition of Unclaimed Property
5Act is amended by changing Sections 8 and 8.1 as follows:
6    (765 ILCS 1025/8)  (from Ch. 141, par. 108)
7    Sec. 8. All funds and intangible personal property held for
8the owner by any court, public authority, or public officer of
9this State, or a political subdivision thereof, that has
10remained unclaimed by the owner for more than 5 7 years is
11presumed abandoned. This Section does not apply to deposits
12made to municipalities as a condition for the issuance of a
13building permit.
14(Source: P.A. 90-167, eff. 7-23-97.)
15    (765 ILCS 1025/8.1)  (from Ch. 141, par. 108.1)
16    Sec. 8.1. Property held by governments.
17    (a) All tangible personal property or intangible personal
18property and all debts owed or entrusted funds or other
19property held by any federal, state or local government or
20governmental subdivision, agency, entity, officer or appointee
21thereof, shall be presumed abandoned if the property has
22remained unclaimed for 5 7 years.



HB6074- 2 -LRB099 16221 AXK 40550 b

1    (b) This Section applies to all abandoned property held by
2any federal, state or local government or governmental
3subdivision, agency, entity, officer or appointee thereof, on
4the effective date of this amendatory Act of 1991 or at any
5time thereafter, regardless of when the property became or
6becomes presumptively abandoned.
7(Source: P.A. 90-167, eff. 7-23-97; 91-357, eff. 7-29-99.)