Sign Up
HB 1516 Illinois House · 93rd Regular Session

CREDIT UNIONS BOARD POWERS

Summary
Amends the Illinois Credit Union Act. Provides for credit union fees to be paid to the Department of Financial Institutions by July 1 rather than March 1. Authorizes credit unions to expel members who violate board policy. Authorizes credit unions to make payments upon the order of a minor. Provides that compliance by a credit union with laws or regulations that preempt the Illinois Credit Union Act constitutes compliance with that Act. Authorizes credit unions to make loans to credit union organizations in an amount not greater than 3%, rather than 1%, of paid-in and unimpaired capital. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Mar 2003
Committee Review
Nov 2003
House Passage
May 2003
Senate Passage
May 2003
Signed into Law
Dec 2003
Introduced Mar 19, 2003 Signed Dec 31, 2003
Floor votes · Senate May 9, 2003 · House Mar 19, 2003

How they voted

42–0
Passed · 3 other
Total votes 45
May 9, 2003
D Democratic25
25 Yea
100% Yea
R Republican20
17 Yea 3
85% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
45
Key actions
6
Committee
9
Amendments
2
Nov 19, 2003
Vetoed
Both Houses Accepted Amendatory Veto
lower
Nov 19, 2003
Vetoed
Accept Amendatory Veto - Senate Passed 056-000-001
upper
Nov 18, 2003
Vetoed
Amendatory Veto Motion - Approved for Consideration Rules
upper
Nov 6, 2003
Committee
Amendatory Veto Motion - Motion Referred to Rules
upper
Nov 6, 2003
Vetoed
Amendatory Veto Motion - Motion Filed Accept Amendatory Veto Sen. Kimberly A. Lightford
upper
Nov 6, 2003
Vetoed
Placed on Calendar Amendatory Veto November 18, 2003
upper
Nov 4, 2003
Vetoed
Accept Amendatory Veto - House Passed 086-029-002
lower
Nov 4, 2003
Lower · Passed
Amendatory Veto Motion - Accept Motion Recommends Be Adopted Rules Committee; 005-000-000
lower
Oct 28, 2003
Committee
Amendatory Veto Motion - Motion Referred to Rules Committee
lower
Oct 28, 2003
Vetoed
Amendatory Veto Motion - Motion Filed Accept Amendatory Veto Rep. Joseph M. Lyons
lower
Oct 23, 2003
Vetoed
Placed on Calendar Amendatory Veto November 4, 2003
lower
Jul 17, 2003
Vetoed
Governor Amendatory Veto
lower
May 9, 2003
Lower · Passed
Passed Both Houses
lower
May 1, 2003
Upper · Passed
Do Pass Financial Institutions; 009-000-000
upper
Apr 3, 2003
Committee
Assigned to Financial Institutions
upper
Mar 20, 2003
Committee
Referred to Rules
upper
Mar 19, 2003
Introduced
Arrive in Senate
upper
Mar 19, 2003
House · Passed
House Vote: pass (90-0-4)
house
Mar 5, 2003
Lower · Passed
Do Pass as Amended / Short Debate Financial Institutions Committee; 013-000-000
lower
Mar 5, 2003
Lower · Passed
House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
lower
Mar 5, 2003
Introduced
House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
lower
Feb 11, 2003
Committee
Assigned to Financial Institutions Committee
lower
Feb 6, 2003
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.