HB5555 97TH GENERAL ASSEMBLY

LRB097 19112 HEP 65572 b

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.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning transportation.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Vehicle Code is amended by adding Section 7-601.5 as follows:

(625 ILCS 5/7-601.5 new)

Sec. 7-601.5. Illinois Law Enforcement Alarm Systems insurance surcharge.

(a) 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 in accordance with Section 7-601 of this Code. The surcharge shall be collected at the same time and in the same manner that the premium or other charge for the insurance coverage is collected.

(b) Each month, the insurer shall remit all surcharge moneys collected to the Treasurer for deposit into the Illinois Law Enforcement Alarm Systems Fund.

(c) Moneys deposited into the Illinois Law Enforcement Alarm Systems Fund under this Section shall be allocated, subject to the approval of the Illinois Law Enforcement Alarm Systems Executive Board, as follows: (i) 66.6% shall be used for homeland security initiatives and (ii) 33.3% shall be used for airborne operations. The Illinois Law Enforcement Alarm Systems Executive Board shall annually supply the Director of State Police with a report of the use of these surcharges.

(d) This Section does not apply to (i) units of local, State, or federal government; and (ii) organizations based in this State that meet the requirements of Title 26, Section 501(c)(3) of the United States Code.

Section 99. Effective date. This Act takes effect January 1, 2013.