92nd General Assembly
Summary of SB2424
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Senate Sponsors:
LAUZEN-WELCH.

House Sponsors:
MAUTINO-LINDNER

Short description: 
STATE DEBT COLLECTION-SHERIDAN                                             

Synopsis of Bill as introduced:
        Amends the Illinois State Collection Act of 1986.  Provides  that      
   after accounts have been certified by the Debt Collection Board or the      
   Attorney  General as uncollectible, the State Comptroller may sell the      
   debts to outside private vendors or enter into one or  more  contracts      
   with  outside  private vendors for the purpose of pursuing a last-call      
   collection effort  to  collect  these  debts  for  a  contingent  fee.      
   Provides  that beginning on the effective date of this amendatory Act,      
   the outside private vendors  shall  remit  to  the  State  Comptroller      
   either  (i)  all amounts collected under a contract, net of contingent      
   fees (now, remitted to the respective State agencies to whom the money      
   is owed), or (ii) the purchase price for debts sold. Provides that the      
   State Comptroller shall deposit the first  $28,000,000  received  into      
   the  Sheridan  Correctional  Center  Fund  and  that all other amounts      
   received shall be deposited into the fund that would have received the      
   receipt had it been collected by the State agency. All moneys  in  the      
   Fund shall be appropriated to the Department of Corrections to be used      
   to keep open or re-open, as the case may be, the Sheridan Correctional      
   Center  and  for  its  continued  operation, and for no other purpose.      
   Amends the State Finance Act to create the special  fund.    Effective      
   immediately.                                                                
        HOUSE AMENDMENT NO. 1.                                                 
        Provides that the authorization for the Board to enter  into  one      
   or  more  contracts with outside private vendors for the collection of      
   delinquent accounts concerns accounts before they have been  certified      
   as  uncollectible.  Restores  language,  in  provisions concerning the      
   collection  of  accounts  before   they   have   been   certified   as      
   uncollectible, requiring contractors to remit the amount collected for      
   deposit into the fund that would have received the receipt had it been      
   collected  by  the  State.  For  accounts  that have been certified as      
   uncollectible, the Department of Central Management  Services,  rather      
   than  the  State  Comptroller, shall administer the contracting out or      
   selling of the debts and collect  the  payments  remitted  by  outside      
   private vendors. Provides that the provision concerning the collection      
   of  debts  that  have  been certified as uncollectible applies to only      
   those  uncollectible  debts  that  are  eligible.  Provides  that  the      
   proceeds to be deposited into the Sheridan  Correctional  Center  Fund      
   exclude  funds  that  by  law  may not be diverted from their original      
   purpose.                                                                    
 
Last action on Bill: TOTAL VETO STANDS

   Last action date: MAR-07-2003

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status