Illinois General Assembly - Bill Status for SB2329
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 Bill Status of SB2329  94th General Assembly


Senate Sponsors
Sen. Iris Y. Martinez

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
625 ILCS 5/3-117.1from Ch. 95 1/2, par. 3-117.1

Synopsis As Introduced
Amends the Illinois Vehicle Code. Provides that a vehicle owned by a self-insured company shall be considered salvage if the vehicle has sustained damage to the extent that the self-insured company determines the vehicle to be a total loss, or if the cost of repairing the damage would be greater than 33 1/3 % of its fair market value. Establishes requirements for obtaining a salvage certificate for the vehicle. Provides for exchange of a salvage certificate for a certificate of title if a vehicle owned by a self-insured company that was declared a total loss because of a theft is recovered without damage.

DateChamber Action
  1/12/2006SenateFiled with Secretary by Sen. Iris Y. Martinez
  1/12/2006SenateFirst Reading
  1/12/2006SenateReferred to Rules
  1/9/2007SenateSession Sine Die

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