Amends the Illinois Credit Union Act. Makes a technical change in a Section concerning the fiscal year of credit unions.
Amends the Savings Bank Act. Makes technical changes in a Section concerning registration of savings bank holding companies.
Amends the Illinois Income Tax Act. Allows taxpayers who are teachers at qualifying schools to take a credit against the taxpayer's income tax. The amount of the credit ranges from $250 to $1,500 depending upon the years of services as a teacher at a qualifying school. Provides that the credit may not reduce a taxpayer's tax liability to less than zero. Provides that unused credits may not be carried forward. Effective immediately.
Amends the Illinois Banking Act and the Illinois Bank Holding Company Act. Eliminates provisions prohibiting an out of state bank or a national bank whose main banking premises is located outside Illinois from acquiring or merging with an Illinois bank that has existed and continually operated as a bank for 5 years or less. Effective immediately.
Amends the Savings Bank Act. Makes technical changes in a Section concerning registration of savings bank holding companies.
Amends the Poison Control System Act. Requires the Department of Public Health to establish a funding formula for the Poison Control System. Provides that the formula must increase or decrease the annual funding amount to match any increase or decrease in the consumer price index as reported on January 1 of each year. Provides that the State shall continue to provide funding to the Illinois Poison Control System on an annual basis in furtherance of the goals of the funding formula. Effective immediately.
Amends the Mortgage Act. Removes references to the Mortgage Certificate of Release Act. Repeals the Mortgage Certificate of Release Act. Effective immediately.
Amends the Code of Civil Procedure to prohibit court orders and judgments from concealing public hazards. Effective July 1, 2003, and applies to causes of action accruing on or after that date.
Creates the Illinois Family and Medical Leave Act. Contains provisions similar to those in the federal Family and Medical Leave Act of 1993, except that it applies to employers with 25 or more (instead of 50 or more) employees and some of the provisions of the Federal law pertaining to federal employees and federal matters have been deleted or changed. Effective 6 months after becoming law.
Amends the Title Insurance Act. Makes a technical change in a Section concerning the short title.
