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 Bill Status of HB4589  100th General Assembly


Short Description:  SAVINGS BANK-EXAMINATION

House Sponsors
Rep. Tony McCombie

Last Action
DateChamber Action
  2/6/2018HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
205 ILCS 205/9014from Ch. 17, par. 7309-14
205 ILCS 205/9004 rep.


Synopsis As Introduced
Amends the Savings Bank Act. Provides that a savings bank shall have its books, records, and accounts examined at least once every 18 months (rather than at least once in each year) in the same manner as a State Bank (rather than be audited by an independent licensed public accountant not connected with the savings bank). Removes requirements concerning an annual audit. Effective immediately.

Actions 
DateChamber Action
  2/6/2018HouseFiled with the Clerk by Rep. Tony McCombie
  2/6/2018HouseFirst Reading
  2/6/2018HouseReferred to Rules Committee

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