92nd General Assembly
Summary of SB0993
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Senate Sponsors:
   PHILIP-DILLARD.
House Sponsors:
HULTGREN-MATHIAS-FRANKS

Short description: 
CHILD SUPPORT-INTEREST                                                     

Synopsis of Bill as introduced:
        Amends the Illinois Public Aid Code and the Illinois Marriage and      
   Dissolution of  Marriage  Act.   Provides  that  interest  on  support      
   obligations   shall   be   calculated   as  simple  interest.   States      
   requirements concerning accounting for  accrued  interest  on  support      
   obligations.  Effective immediately.                                        
        SENATE AMENDMENT NO. 1.                                                
          Adds reference to:                                                   
          750 ILCS 16/20                                                       
          750 ILCS 45/20.7                                                     
        Deletes everything.  Amends the Illinois  Public  Aid  Code,  the      
   Illinois  Marriage  and  Dissolution  of Marriage Act, the Non-Support      
   Punishment Act, and the Illinois Parentage Act of 1984.  Provides that      
   a support obligation that becomes due and remains unpaid for  30  days      
   or more shall accrue simple interest (instead of simply "interest") at      
   the rate of 9% per annum. Effective immediately.                            
        HOUSE AMENDMENT NO. 1.                                                 
        Provides that an order for support  entered  or  modified  on  or      
   after  January  1,  2002  shall  contain  a  statement  that a support      
   obligation required under the order,  or  any  portion  of  a  support      
   obligation  required  under  the  order,  that becomes due and remains      
   unpaid for 30 days or more shall accrue simple interest at the rate of      
   9% per annum.  Provides that failure to include the statement  in  the      
   order  for  support  does  not affect the validity of the order or the      
   accrual of interest as provided by law.                                     
 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   1


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 Full Text  Bill Status