91st General Assembly
Status of HB1742
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BUGIELSKI-CAPPARELLI.

(WALSH,T-REA)

   765 ILCS 1025/2           from Ch. 141, par. 102                            

        Amends the Uniform  Disposition  of  Unclaimed  Property  Act  in      
   provisions  regarding  the presumption of abandonment of property held      
   or owing by a banking or financial  organization  to  provide  that  a      
   presumption  of  abandonment  does  not  apply  to charges that may be      
   lawfully withheld in connection with money orders issued  by  currency      
   exchanges.  Effective immediately.                                          
        HOUSE AMENDMENT NO. 1. (Tabled March 18, 1999)                         
        Provides that the exclusion for  charges  that  may  be  lawfully      
   withheld  applies  to  written  instruments  including certificates of      
   deposit, drafts, money orders, and travelers checks (instead  of  only      
   money orders issued by currency exchanges).                                 
          FISCAL NOTE, H-AM 1 (Department of Financial Institutions)           
          Loss of revenue would be a percentage of the total dollar            
          amount reported for the specified property codes.                    
   99-02-18  H  FIRST READING                                                  
   99-02-18  H  ADDED AS A JOINT SPONSOR                 CAPPARELLI            
   99-02-18  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-02-24  H       ASSIGNED TO COMMITTEE               FIN INSTIT            
   99-03-03  H                             AMENDMENT NO. 01-FIN INSTIT    H    
   99-03-03  H                                   ADOPTED                       
   99-03-03  H  DO PASS AMENDED/SHORT DEBATE             019-000-000   HFIN    
   99-03-03  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   99-03-09  H  FISCAL NOTE FILED AS AMENDED             BY HOUSE AMEND #1     
   99-03-09  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   99-03-16  H  SECOND READING-SHORT DEBATE                                    
   99-03-16  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   99-03-17  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   99-03-18  H  RECALLED TO SECOND READING-SHORT DEBATE                        
   99-03-18  H  MOTION TO TABLE AMENDMENT - PREVAILED    01                    
   99-03-18  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   99-03-19  H  THIRD READING/SHORT DEBATE/PASSED        116-000-002           
   99-03-22  S  ARRIVE IN SENATE                                               
   99-03-22  S  PLACED CALENDAR ORDER OF FIRST READING   99-03-23              
   99-03-22  S  CHIEF SPONSOR                            WALSH,T               
   99-03-23  S  FIRST READING                                                  
   99-03-23  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-03-25  S  ADDED AS A CHIEF CO-SPONSOR              REA                   
   99-04-22  S       ASSIGNED TO COMMITTEE               FIN INST              
   99-04-29  S       DO PASS                             009-000-000   SFIC    
   99-04-29  S  PLACED ON CALENDAR ORDER OF 2ND READING  99-05-04              
   99-05-04  S  SECOND READING                                                 
   99-05-04  S  PLACED ON CALENDAR ORDER OF 3RD READING  99-05-05              
   99-05-06  S  THIRD READING - PASSED                   054-001-002           
   99-05-06  H  PASSED BOTH HOUSES                                             
   99-06-04  H  SENT TO THE GOVERNOR                                           
   99-07-29  H  GOVERNOR APPROVED                                              
   99-07-29  H                            EFFECTIVE DATE 99-07-29              
   99-07-29  H  PUBLIC ACT.............................. 91-0316               

   END OF INQUIRY 



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