Date | Chamber | Action |
1/9/2007 | House | Session Sine Die |
55 ILCS 5/3-10009 | from Ch. 34, par. 3-10009 |
55 ILCS 5/3-11002 | from Ch. 34, par. 3-11002 |
55 ILCS 5/3-11003 | from Ch. 34, par. 3-11003 |
55 ILCS 5/3-11004 | from Ch. 34, par. 3-11004 |
55 ILCS 5/3-11006 | from Ch. 34, par. 3-11006 |
55 ILCS 5/3-11007 | from Ch. 34, par. 3-11007 |
55 ILCS 5/3-11009 | from Ch. 34, par. 3-11009 |
55 ILCS 5/3-11010 | from Ch. 34, par. 3-11010 |
55 ILCS 5/3-11011 | from Ch. 34, par. 3-11011 |
55 ILCS 5/3-11013 | from Ch. 34, par. 3-11013 |
55 ILCS 5/3-11018 | from Ch. 34, par. 3-11018 |
Fiscal Note (Dept of Financial and Professional Regulation) | |
Based on a review of House Bill 512, the Department of Financial and Professional Regulation does not believe this legislation will create a negative fiscal impact. An implementation issue could exist regarding whether the deposits are insured, and if so, only to the insurance limit. However, the agency feels this issue can be handled by current staff. Increased revenues could be expected in the Division of Financial Institutions as the administrative fees charged to Credit Unions are assessed based on asset size. However, a correlating reduction in revenue from Banks and Savings and Loans could also occur in the Division of Banks and Real Estate. As a result, it is expected that the impact on revenues would approximate a net wash. It is difficult to estimate this impact since the amount of funds that could change from Banks and Savings and Loans to Credit Unions is not known. |
Date | Chamber | Action | 1/27/2005 | House | Filed with the Clerk by Rep. Patrick J Verschoore | 1/27/2005 | House | First Reading | 1/27/2005 | House | Referred to Rules Committee | 2/3/2005 | House | Assigned to Local Government Committee | 2/8/2005 | House | Chief Sponsor Changed to Rep. Joseph M. Lyons | 2/10/2005 | House | Fiscal Note Filed | 3/10/2005 | House | Rule 19(a) / Re-referred to Rules Committee | 1/9/2007 | House | Session Sine Die |