Synopsis As Introduced Amends the Illinois Vehicle Code. Allows the Secretary of State to cancel the driver's license of a nonresident or former Illinois resident who has submitted satisfactory documentation to the Secretary of State to be released from the requirement of showing proof of financial responsibility. Limits the Secretary of State's authority to deny renewal upon notification that a driver has an unpaid fine in another state to only those states that are members of the Nonresident Violator Compact of 1977. Allows the Secretary of State to suspend the registration, plates, and registration sticker of a judgment debtor's motor vehicle if that vehicle was involved in the crash leading to the judgment as indicated by the authenticated crash report. Allows the Secretary of State to transfer the balance of a security posted with the Secretary to the State Treasury if, after releasing security to a judgment debtor or claimant, the balanced is $5 or less. Requires the Secretary to compile a list of all security amounts $5 or less annually and file this list with the State Treasurer.
Senate Committee Amendment No. 1 Provides that if the amount of security posted with the Secretary of State is $5 or less after payment to a judgment debtor or claimant, the balance shall be transferred to the General Revenue Fund. Provides that the Secretary shall compile a list of all security amounts of $5 or less every July and certify this amount to the State Comptroller. Provides that once the Comptroller receives this certification, her or she shall order the State Treasurer to transfer that amount to the General Revenue Fund.