Amends the Illinois Credit Union Act. Defines "charitable donation account" and provides that a credit union may establish one or more charitable donation accounts that must comply with the requirements of the Act. Further provides that the investments and purchases to fund a charitable donation account are not subject to the investment limitations of the Act and that the aggregate book value of the investments in all charitable donation accounts shall not exceed 5% of the credit union's net worth. Adds provisions establishing the procedural requirements of the Department of Financial and Professional Regulation's examination process and prescribes the requirements of the Department's examination reports. Provides that each member of the board of directors of a credit union shall have a working familiarity with basic finance and accounting practices consistent with the size and complexity of the credit union they serve. Further provides that members of the supervisory committee of a credit union shall receive training related to their duties under the Act and establishes the acceptable forms of such training. Provides that, for a renewal, refinancing, or restructuring of an existing loan that is secured by an interest in real estate, a new appraisal of the collateral shall not be required under certain circumstances. Additionally provides that a credit union may act as a representative of and enter into an agreement with other credit unions or organizations for certain purposes. Generally effective immediately, but some provisions take effect on January 1, 2015.
Sponsored bills
Amends the Nursing Home Care Act. In a provision concerning the reimbursement of receivers by the Department of Public Health adds that a monitor may also be reimbursed. Provides that the Department of Public Health may reimburse the receiver or monitor for its expenses from funds appropriated to the Department by the General Assembly after funds contained in the Long Term Care Monitor/Receiver Fund not allocated for the costs associated with hiring and maintaining of surveyors have been exhausted (currently, after funds contained in the Long Term Care Monitor/Receiver Fund have been exhausted). Effective immediately.
Amends the Property Tax Code. Creates an abatement for property that (i) is used exclusively for commercial or industrial purposes and (ii) has been rebuilt following a natural disaster occurring in taxable year 2013 or any taxable year thereafter. Effective immediately.
Amends the Juvenile Court Act of 1987. Makes a technical change in a Section concerning the short title.
Amends the Illinois Dental Practice Act. Adds a provision that allows dentists with the appropriate training to administer vaccinations to patients 10 years of age and older pursuant to a valid prescription or standing order of a physician. Provides that vaccinations may only be administered for influenza, hepatitis B, HPV, and shingles. Effective immediately.
Amends the Great Lakes-St. Lawrence River Basin Water Resources Compact Act. Makes a technical change in a Section concerning the short title.
With respect to the amendment to the Bill of Rights Article of the Illinois Constitution proposed by House Joint Resolution Constitutional Amendment 1 (which expands certain rights already granted to crime victims in Illinois, and give crime victims the ability to enforce their rights in a court of law), sets forth a brief explanation of the proposed amendment, a brief argument in favor of the amendment, a brief argument against the amendment, and the form in which the amendment will appear on the ballot.
Recognizes the Illinois Thoroughbred Horsemen's Association on the occasion of its 25th anniversary and congratulates the organization for its charitable activities and advocacy on behalf of horsemen working at Arlington International Racecourse and Hawthorne Race Course.
Congratulates the administration and staff of the Jewish Council on Urban Affairs on the occasion of the organization's 50th anniversary.
Mourns the death of John Edward Keane of Springfield.