Illinois General Assembly - Bill Status for HB4599
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 Bill Status of HB4599  97th General Assembly

Short Description:  MONEY DISPOSITION-PROTEST FUND

House Sponsors
Rep. David Harris

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 230/2afrom Ch. 127, par. 172


Synopsis As Introduced
Amends the State Officers and Employees Money Disposition Act. Provides that any interest earnings that are attributable to moneys in the protest fund must be deposited into the protest fund. Provides that, for moneys paid to the State under protest on and after July 1, 2013, any authorized payment from the protest fund shall bear prorated interest based upon the average monthly investable balance from the date of deposit through the date of disbursement from the protest fund. Provides that, on and after July 1, 2013, when the party paying under protest fails in the protest action, any interest earned and retained within the protest fund shall be transferred into the General Revenue Fund.

Actions 
DateChamber Action
  2/1/2012HouseFiled with the Clerk by Rep. David Harris
  2/1/2012HouseFirst Reading
  2/1/2012HouseReferred to Rules Committee
  2/17/2012HouseAssigned to Judiciary I - Civil Law Committee
  2/27/2012HouseRe-assigned to Revenue & Finance Committee
  3/9/2012HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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