SB 2544 Illinois Senate · 93rd Regular Session

FIN REG-SAVINGS BANK POWERS

Summary
Amends the Savings Bank Act. Deletes a provision pertaining to temporary service booths at International Fairs in this State. Adds a provision to allow savings banks operating under the Act to make debt or equity investments in corporations or projects designed to promote the development of the community, subject to specified limitations. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2004
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2004 Last action Jan 11, 2005
Floor votes

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Full legislative history

Actions timeline

Total actions
4
Key actions
0
Committee
1
Jan 11, 2005
Senate · Failed
Session Sine Die
Feb 3, 2004
Senate · Referred to committee
Referred to Rules
0 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
Co
Photo of Terry Link
Terry Link
DDemocratic
IL
30