Illinois General Assembly - Bill Status for SB2524
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 Bill Status of SB2524  102nd General Assembly


Short Description:  COUNTIES CD-COUNTY ESCROW FUND

Senate Sponsors
Sen. Dan Cronin - Carole Pankau and Kirk W. Dillard

Last Action
DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
55 ILCS 5/3-10005.6 new
735 ILCS 5/12-1007 new


Synopsis As Introduced
Amends the Counties Code. Provides that a county treasurer may, after receiving approval from the county board, establish an escrow fund for the safekeeping of moneys paid to the treasurer on behalf of property taxpayers. Protects money in these funds from judgment, attachment, execution, and seizure for the satisfaction of debts. Authorizes county treasurers to establish terms and conditions relating to these funds. Requires interest earned on these funds to be paid to the county treasury to offset administrative costs. Amends the Code of Civil Procedure to exempt qualified moneys in these funds from judgment, attachment, execution, and seizure for the satisfaction of debts. Effective immediately.

Actions 
DateChamber Action
  1/12/2010SenateFiled with Secretary by Sen. Dan Cronin
  1/12/2010SenateFirst Reading
  1/12/2010SenateReferred to Assignments
  1/12/2010SenateAdded as Chief Co-Sponsor Sen. Carole Pankau
  2/9/2010SenateAdded as Co-Sponsor Sen. Kirk W. Dillard
  2/10/2010SenateAssigned to Local Government
  2/17/2010SenatePostponed - Local Government
  2/24/2010SenatePostponed - Local Government
  3/4/2010SenatePostponed - Local Government
  3/8/2010SenateRule 3-9(a) / Re-referred to Assignments
  1/12/2011SenateSession Sine Die

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