Illinois General Assembly - Bill Status for HB4640
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 Bill Status of HB4640  96th General Assembly


Short Description:  COUNTIES CD-COUNTY ESCROW FUND

House Sponsors
Rep. Michael G. Connelly

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
55 ILCS 5/3-10005.6 new
735 ILCS 5/12-1007 new


Synopsis As Introduced
Amends the Counties Code. Provides that a county treasurer may, after receiving approval from the county board, establish an escrow fund for the safekeeping of moneys paid to the treasurer on behalf of property taxpayers. Protects money in these funds from judgment, attachment, execution, and seizure for the satisfaction of debts. Authorizes county treasurers to establish terms and conditions relating to these funds. Requires interest earned on these funds to be paid to the county treasury to offset administrative costs. Amends the Code of Civil Procedure to exempt qualified moneys in these funds from judgment, attachment, execution, and seizure for the satisfaction of debts. Effective immediately.

Actions 
DateChamber Action
  10/9/2009HouseFiled with the Clerk by Rep. Michael G. Connelly
  10/13/2009HouseFirst Reading
  10/13/2009HouseReferred to Rules Committee
  1/11/2011HouseSession Sine Die

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