Illinois General Assembly - Full Text of SB1556
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Full Text of SB1556  100th General Assembly


Sen. Bill Cunningham

Filed: 3/27/2017





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2    AMENDMENT NO. ______. Amend Senate Bill 1556 as follows:
3on page 1, line 6, after "5-102," by inserting "5-107,"; and
4on page 39, immediately below line 11, by inserting:
5    "(625 ILCS 5/5-107)  (from Ch. 95 1/2, par. 5-107)
6    Sec. 5-107. Bond exemption. The following persons shall be
7exempt from the bond required in Sections 5-101 and 5-102: (1)
8Any person who has been continuously licensed under Section
95-101 or 5-102 since calendar year 1983; (2) any licensee who
10as determined by the Secretary of State, has faithfully and
11continuously complied with conditions of the bond requirement
12for a period of 60 36 consecutive months after the effective
13date of this amendatory Act of the 100th General Assembly.
14    This exemption shall continue for each licensee until such
15time as he may be determined by the Secretary of State to be



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1delinquent or deficient in the transmittal of title and
2registration fees or taxes.
3    This amendatory Act of 1983 shall be applicable to the 1984
4registration year and thereafter.
5    A person whose license is cancelled due to the voluntary
6surrender of such license, who applies for a new license for
7the same license year or one license year after the license
8year of the cancelled license, will remain exempt under
9paragraph (1) above if the only break in the continuous
10licensure is caused by the cancellation due to the voluntary
11surrender of the license.
12(Source: P.A. 88-158; 88-520.)".