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SB 1095 Illinois Senate · 93rd Regular Session

UNCLAIMED PROP-PROCEEDS

Summary
Amends the Uniform Disposition of Unclaimed Property Act. Provides for confidentiality of information provided to the State Treasurer under the Act. Changes the notice requirements to owners. Provides that proceeds in excess of $2,500,000 from the sale of abandoned property shall be deposited into the State Pension Fund (instead of into a separate trust fund for the payment of claims). Requires any person or company charging a fee for discovering presumptively abandoned property to be a licensed private detective. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2003
Committee Review
May 2003
Senate Passage
May 2003
House Passage
May 2003
Signed into Law
Aug 2003
Introduced Apr 4, 2003 Signed Aug 14, 2003
Floor votes · Senate Apr 4, 2003 · House May 21, 2003

How they voted

52–0
Passed · 1 other
Total votes 53
Apr 4, 2003
D Democratic28
28 Yea
100% Yea
R Republican25
24 Yea 1
96% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
31
Key actions
6
Committee
7
Aug 14, 2003
Signed into law
Governor Approved
upper
May 21, 2003
Upper · Passed
Passed Both Houses
upper
May 21, 2003
House · Passed
House Vote: pass (106-0-2)
house
May 9, 2003
Lower · Passed
Do Pass / Standard Debate Financial Institutions Committee; 010-000-000
lower
Apr 29, 2003
Committee
Re-assigned to Financial Institutions Committee
lower
Apr 9, 2003
Committee
Assigned to Executive Committee
lower
Apr 8, 2003
Committee
Referred to Rules Committee
lower
Apr 4, 2003
Introduced
Arrived in House
lower
Apr 4, 2003
Senate · Passed
Senate Vote: pass (52-0-1)
senate
Mar 13, 2003
Upper · Passed
Do Pass Executive; 013-000-000
upper
Feb 26, 2003
Committee
Assigned to Executive
upper
Feb 19, 2003
Committee
Referred to Rules
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.