Illinois General Assembly - Bill Status for HB0957
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 Bill Status of HB0957  98th General Assembly


Short Description:  PUBLIC FUNDS-BRANCH CLOSINGS

House Sponsors
Rep. La Shawn K. Ford

Last Action
DateChamber Action
  5/1/2013HouseTabled

Statutes Amended In Order of Appearance
30 ILCS 225/1.5 new


Synopsis As Introduced
Amends the Public Funds Deposit Act. Provides that a depository institution that intends to close, relocate, or consolidate a branch location that impacts a low-income, moderate-income, or economically depressed urban or rural community must comply with certain advance notice and hearing requirements. Provides for the State Treasurer to hold a public hearing and determine whether it is in the best interests of the State to allow the closing, relocation, or consolidation. Provides that if the institution does not abide with a determination by the State Treasurer adverse to the institution's intent, then it may not receive or retain deposits of public funds. Effective immediately.

Actions 
DateChamber Action
  1/24/2013HouseFiled with the Clerk by Rep. La Shawn K. Ford
  1/25/2013HouseFirst Reading
  1/25/2013HouseReferred to Rules Committee
  2/4/2013HouseAssigned to Financial Institutions Committee
  3/19/2013HouseMotion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. La Shawn K. Ford
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  5/1/2013HouseTabled

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