Illinois General Assembly - Bill Status for SB1357

Synopsis As Introduced
Amends the Illinois State Collection Act of 1986. Provides that after accounts have been certified by the Debt Collection Board or the Attorney General as uncollectible, the State Comptroller may sell the debts to outside private vendors or enter into one or more contracts with outside private vendors for the purpose of pursuing a last-call collection effort to collect these debts for a contingent fee. Provides that beginning on the effective date of this amendatory Act, the outside private vendors shall remit to the State Comptroller either (i) all amounts collected under a contract, net of contingent fees (now, remitted to the respective State agencies to whom the money is owed) or (ii) the purchase price for debts sold. Provides that the State Comptroller shall deposit the money received under these provisions into the Budget Stabilization Fund. Effective immediately.

Actions

Date	Chamber	Action
2/18/2005	Senate	Filed with Secretary by Sen. Chris Lauzen
2/18/2005	Senate	First Reading
2/18/2005	Senate	Referred to Rules
1/9/2007	Senate	Session Sine Die

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