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 END OF INQUIRY Full Text Bill Status