Illinois General Assembly - Bill Status for SB1095
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 Bill Status of SB1095  93rd General Assembly

Short Description:  UNCLAIMED PROP-PROCEEDS

Senate Sponsors
Sen. Dave Sullivan

House Sponsors
(Rep. Daniel J. Burke - Sidney H. Mathias)

Last Action
DateChamber Action
  8/14/2003SenatePublic Act . . . . . . . . . 93-0531

Statutes Amended In Order of Appearance
765 ILCS 1025/11from Ch. 141, par. 111
765 ILCS 1025/12from Ch. 141, par. 112
765 ILCS 1025/18from Ch. 141, par. 118
765 ILCS 1025/20from Ch. 141, par. 120


Synopsis As Introduced
Amends the Uniform Disposition of Unclaimed Property Act. Provides for confidentiality of information provided to the State Treasurer under the Act. Changes the notice requirements to owners. Provides that proceeds in excess of $2,500,000 from the sale of abandoned property shall be deposited into the State Pension Fund (instead of into a separate trust fund for the payment of claims). Requires any person or company charging a fee for discovering presumptively abandoned property to be a licensed private detective. Effective immediately.

Actions 
DateChamber Action
  2/19/2003SenateFiled with Secretary by Sen. Dave Sullivan
  2/19/2003SenateFirst Reading
  2/19/2003SenateReferred to Rules
  2/26/2003SenateAssigned to Executive
  3/13/2003SenateDo Pass Executive; 013-000-000
  3/13/2003SenatePlaced on Calendar Order of 2nd Reading March 18, 2003
  3/18/2003SenateSecond Reading
  3/18/2003SenatePlaced on Calendar Order of 3rd Reading March 19, 2003
  4/4/2003SenateThird Reading - Passed; 058-000-000
  4/4/2003HouseArrived in House
  4/4/2003HousePlaced on Calendar Order of First Reading
  4/8/2003HouseChief House Sponsor Rep. Sidney H. Mathias
  4/8/2003HouseFirst Reading
  4/8/2003HouseReferred to Rules Committee
  4/8/2003HouseAlternate Chief Sponsor Changed to Rep. Daniel J. Burke
  4/9/2003HouseAssigned to Executive Committee
  4/28/2003HouseAdded Alternate Chief Co-Sponsor Rep. Sidney H. Mathias
  4/29/2003HouseRe-assigned to Financial Institutions Committee
  5/2/2003HouseCommittee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
  5/9/2003HouseDo Pass / Standard Debate Financial Institutions Committee; 010-000-000
  5/9/2003HousePlaced on Calendar 2nd Reading - Standard Debate
  5/13/2003HouseSecond Reading - Standard Debate
  5/13/2003HousePlaced on Calendar Order of 3rd Reading - Standard Debate
  5/21/2003HouseThird Reading - Standard Debate - Passed 116-000-001
  5/21/2003SenatePassed Both Houses
  6/19/2003SenateSent to the Governor
  8/14/2003SenateGovernor Approved
  8/14/2003SenateEffective Date August 14, 2003
  8/14/2003SenatePublic Act . . . . . . . . . 93-0531

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