Illinois General Assembly - Bill Status for HB4871
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 Bill Status of HB4871  102nd General Assembly


Short Description:  STATE GOVERNMENT-TECH

House Sponsors
Rep. Raymond Poe - Jack D. Franks - Rich Brauer - Ronald A. Wait - Donald L. Moffitt

Senate Sponsors
(Sen. Larry K. Bomke - Deanna Demuzio)

Last Action
DateChamber Action
  7/22/2010HousePublic Act . . . . . . . . . 96-1181

Statutes Amended In Order of Appearance
15 ILCS 520/2from Ch. 130, par. 21


Synopsis As Introduced
Amends the Deposit of State Moneys Act. Makes a technical change in a Section concerning interest on deposits.

House Committee Amendment No. 1
Deletes reference to:
15 ILCS 520/2
Adds reference to:
15 ILCS 520/22.9 new
30 ILCS 105/5.756 new

Replaces everything after the enacting clause. Amends the Deposit of State Moneys Act. Creates the Illinois Insured Mortgage Program Fund as a special fund in the State Treasury. Provides that the Fund shall be administered by the State Treasurer and shall receive moneys generated or recovered through or related to the Illinois Insured Mortgage Pilot Program for eventual transfer to the General Revenue Fund (GRF). Moneys deposited shall not be considered general revenues of the State. Provides for transfers to GRF, less amounts to be expended for (i) any costs in connection with the operations of the Illinois Insured Mortgage Pilot Program; (ii) legal or other professional services fees incurred because of the operations of the Illinois Insured Mortgage Pilot Program; or (iii) any costs associated with the winding down of the Illinois Insured Mortgage Pilot Program Trust. Repeals the provisions on December 31, 2011. Amends the State Finance Act to create the Fund. Effective immediately.

House Floor Amendment No. 2
Deletes reference to:
30 ILCS 105/5.756 new

Replaces everything after the enacting clause. Amends the Deposit of State Moneys Act. Provides for the dissolution of Illinois Insured Mortgage Pilot Program Trust. Requires the State Treasurer to make transfers from the Trust to the State's general investment pool. Authorizes the State Treasurer to retain a balance in the Trust to pay costs of operation, legal and professional fees, and costs of winding down the Trust. Makes other changes. Repeals the provisions on December 31, 2011. Effective immediately.

Actions 
DateChamber Action
  1/13/2010HouseFiled with the Clerk by Rep. Raymond Poe
  1/15/2010HouseFirst Reading
  1/15/2010HouseReferred to Rules Committee
  3/2/2010HouseAssigned to State Government Administration Committee
  3/9/2010HouseAdded Chief Co-Sponsor Rep. Jack D. Franks
  3/9/2010HouseAdded Chief Co-Sponsor Rep. Rich Brauer
  3/9/2010HouseAdded Chief Co-Sponsor Rep. Ronald A. Wait
  3/10/2010HouseHouse Committee Amendment No. 1 Filed with Clerk by State Government Administration Committee
  3/10/2010HouseHouse Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote
  3/10/2010HouseDo Pass as Amended / Short Debate State Government Administration Committee; 014-000-000
  3/10/2010HousePlaced on Calendar 2nd Reading - Short Debate
  3/17/2010HouseSecond Reading - Short Debate
  3/17/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/17/2010HouseRecalled to Second Reading - Short Debate
  3/17/2010HouseHeld on Calendar Order of Second Reading - Short Debate
  3/18/2010HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Raymond Poe
  3/18/2010HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  3/22/2010HouseHouse Floor Amendment No. 2 Rules Refers to State Government Administration Committee
  3/23/2010HouseHouse Floor Amendment No. 2 Recommends Be Adopted State Government Administration Committee; 014-000-000
  3/24/2010HouseAdded Chief Co-Sponsor Rep. Donald L. Moffitt
  3/24/2010HouseHouse Floor Amendment No. 2 Adopted by Voice Vote
  3/24/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/25/2010HouseThird Reading - Short Debate - Passed 114-000-000
  4/6/2010SenateArrive in Senate
  4/6/2010SenatePlaced on Calendar Order of First Reading
  4/6/2010SenateChief Senate Sponsor Sen. Larry K. Bomke
  4/6/2010SenateFirst Reading
  4/6/2010SenateReferred to Assignments
  4/6/2010SenateAssigned to State Government and Veterans Affairs
  4/13/2010SenateAdded as Alternate Chief Co-Sponsor Sen. Deanna Demuzio
  4/15/2010SenateDo Pass State Government and Veterans Affairs; 007-000-000
  4/15/2010SenatePlaced on Calendar Order of 2nd Reading April 20, 2010
  4/23/2010SenateSecond Reading
  4/23/2010SenatePlaced on Calendar Order of 3rd Reading April 27, 2010
  4/27/2010SenateThird Reading - Passed; 055-000-000
  4/27/2010HousePassed Both Houses
  5/26/2010HouseSent to the Governor
  7/22/2010HouseGovernor Approved
  7/22/2010HouseEffective Date July 22, 2010
  7/22/2010HousePublic Act . . . . . . . . . 96-1181

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