Illinois General Assembly - Bill Status for HB7302

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Bill Status of HB7302 93rd General Assembly

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Short Description: VEH CD-JUNKING CERTIFICATES

House Sponsors
Rep. William B. Black

Last Action

Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

625 ILCS 5/3-117.1

from Ch. 95 1/2, par. 3-117.1

Synopsis As Introduced
Amends the Illinois Vehicle Code with regard to when junking certificates or salvage certificates must be obtained. Provides that a vehicle that has been repossessed by a lienholder shall be considered to be salvage only when the cost of repairing the damage to the vehicle would be greater than 66 2/3% (rather than greater than 33 1/3%) of its fair market value. Makes corresponding changes with regard to obtaining a salvage certificate and the disposition of the vehicle. Makes similar changes with regard to when a vehicle that is part of a fleet of more than 5 commercial vehicles or a vehicle that has been submerged in water is to be considered salvage.

Actions

Date	Chamber	Action
5/12/2004	House	Filed with the Clerk by Rep. William B. Black
5/12/2004	House	First Reading
5/12/2004	House	Referred to Rules Committee
1/11/2005	House	Session Sine Die

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