NOLAND-HARTKE-REITZ-POE-BRADY. (SIEBEN) 765 ILCS 1025/4.1 new Amends the Uniform Disposition of Unclaimed Property Act. Provides that funds held or owing by certain agricultural cooperatives are presumed abandoned if any qualified notice of allocation, including capital stock issued as patronage distributions or to reflect membership in or other capital stock, capital stock credits issued, or dividends by an agricultural cooperative has remained unclaimed for more than 7 years. Provides that the unclaimed qualified notices of allocation, capital stock, capital stock credits, or dividends shall not be subject to, or governed by, any other provisions of the Uniform Disposition of Unclaimed Property Act, but rather shall be used by the agricultural cooperative for the general membership of the agricultural cooperative. FISCAL NOTE (Dept. of Agriculture) HB2315 will have no fiscal impact on the Dept. of Agriculture. HOUSE AMENDMENT NO. 1. Changes from 7 to 5 years the amount of time a qualified notice of allocation must remain unclaimed before the funds will be presumed abandoned. FISCAL NOTE, H-AM 1 (Dept. of Agriculture) HB 2315 will have no fiscal impact on this Dept. FISCAL NOTE, H-AM 1 (Dpt. of Financial Institutions) HB 2315 would have a minimal fiscal impact. 97-10-16 H FILED WITH CLERK 97-10-16 H FIRST READING 97-10-16 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-10-17 H ASSIGNED TO COMMITTEE AGRIC CONSERV 98-01-02 H RE-REFERRED TO RULES COMM/RULE 19(B) RULES HRUL 98-01-08 H ADDED AS A CO-SPONSOR NOLAND 98-01-27 H ADDED AS A JOINT SPONSOR REITZ 98-01-27 H PRIMARY SPONSOR CHANGED TO NOLAND 98-01-27 H JOINT-SPONSOR CHANGED TO HARTKE 98-01-27 H ADDED AS A CO-SPONSOR POE 98-01-27 H ADDED AS A CO-SPONSOR BRADY 98-01-28 H ASSIGNED TO COMMITTEE AGRIC CONSERV 98-02-06 H FISCAL NOTE FILED 98-02-06 H COMMITTEE AGRIC CONSERV 98-02-25 H AMENDMENT NO. 01-AGRICULTURE H 98-02-25 H ADOPTED 98-02-25 H DO PASS AMENDED/SHORT DEBATE 014-000-000 HAGC 98-02-25 H PLACED CALENDAR 2ND READING-SHORT DEBATE 98-02-26 H SECOND READING-SHORT DEBATE 98-02-26 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 98-02-27 H FISCAL NOTE FILED AS AMENDED 98-02-27 H CALENDAR ORDER 3RD READING-SHORT DEBATE 98-03-18 H FISCAL NOTE FILED AS AMENDED 98-03-18 H CALENDAR ORDER 3RD READING-SHORT DEBATE 98-03-19 H THIRD READING/SHORT DEBATE/PASSED 108-009-000 98-03-24 S ARRIVE IN SENATE 98-03-24 S PLACED CALENDAR ORDER OF FIRST READING 98-03-24 S CHIEF SPONSOR SIEBEN 98-03-24 S FIRST READING 98-03-24 S REFERRED TO SENATE RULES COMMITTEE RULES 98-03-26 S ADDED AS A CO-SPONSOR O'DANIEL 98-04-01 S ASSIGNED TO COMMITTEE AGRIC & CON 98-04-23 S POSTPONED 98-05-06 S HELD IN COMMITTEE 98-05-06 S COMMITTEE AGRIC & CON 98-05-08 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary