Who sponsors SB 1095?

SB 1095 is sponsored by Dave Sullivan.

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Illinois 93rd Regular Session Status: Enacted

SB 1095 — UNCLAIMED PROP-PROCEEDS

Last action August 14, 2003 — Public Act . . . . . . . . . 93-0531

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✓
Introduced
✓
In Committee
✓
Passed Senate
✓
Passed House
✓
To Executive
6
Enacted

This bill has been enacted into law. Introduced February 19, 2003. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

Enacted

Current position in the legislative process.
1 sponsor

0 primary, 1 co-sponsors signed on.
Cleared a recorded vote

Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

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 Text

What changed in the latest version

8 added · 8 removed

Plain-language change summary

The recent changes to Bill SB 1095 involved adding eight new lines to the document while removing an equal number from an earlier version. This usually means that the bill has been updated to include new information or clarifications that were not present before. Such changes can be important as they may influence how the bill is interpreted or implemented, potentially affecting its effectiveness in addressing the issues it aims to resolve.

SB1095 ~~Engrossed~~Enrolled LRB093 07390 LCB 11141 b AN ACT concerning unclaimed property.

(3) The date when the property became payable, demandable, or returnable, and the date of the last SB1095 ~~Engrossed~~Enrolled -2- LRB093 07390 LCB 11141 b transaction with the owner with respect to the property;

The Department of Financial Institutions shall provide the State Treasurer with an accounting of the money orders located in the course of the annual examination including, where available, the amount of SB1095 ~~Engrossed~~Enrolled -3- LRB093 07390 LCB 11141 b service fees deducted and the date of the conclusion of the examination.

As of January 1, 1998, this subdivision (h)(1) shall not SB1095 ~~Engrossed~~Enrolled -4- LRB093 07390 LCB 11141 b be applicable unless the Department of Financial Institutions has commenced, but not finalized, an examination of the holder as of that date and the property is included in a final examination report for the period covered by the examination.

____________n_____ (a) _________________p______________________a_____________ -----n---------------------i------------------------r----------- -----e---------------------p----------------------t------------- -----r--- by Section 11, the State Treasurer shall cause SB1095 ~~Engrossed~~Enrolled -5- LRB093 07390 LCB 11141 b notice to be published once in an English language newspaper of general circulation in the county in this State in which is located the last known address of any person to be named in the notice o___________e______________________m_____________ _____r_____________________e________________________b___________ _____t______________________s______________________b____________ _____i_____________________e________________________c___________ _____h______________________S_____________________a_____________ ______a____________________n______________________o_____________ _____1____________________.

(c) The State Treasurer is not required to publish in such notice any item of less than $100 or any item for which SB1095 ~~Engrossed~~Enrolled -6- LRB093 07390 LCB 11141 b the address of the last known owner is in a state that has a reciprocal agreement with this State concerning abandoned property unless he deems such publication to be in the public interest.

(1) any costs in connection with sale of abandoned property, (2) any costs of mailing and publication in connection with any abandoned property, and (3) any costs in connection with the SB1095 ~~Engrossed~~Enrolled -7- LRB093 07390 LCB 11141 b maintenance of records or disposition of claims made pursuant to this Act.

(c) In order to carry out the purpose of this Act, no person or company shall be entitled to a fee for discovering presumptively abandoned property until it has been in the SB1095 ~~Engrossed~~Enrolled -8- LRB093 07390 LCB 11141 b custody of the Unclaimed Property Division of the Office of the State Treasurer for at least 24 months.

Latest

SB1095 ~~Engrossed~~ LRB093 07390 LCB 11141 b AN ACT concerning unclaimed property.

SB1095 Enrolled LRB093 07390 LCB 11141 b AN ACT concerning unclaimed property.

(3) The date when the property became payable, demandable, or returnable, and the date of the last SB1095 ~~Engrossed~~ -2- LRB093 07390 LCB 11141 b transaction with the owner with respect to the property;

(3) The date when the property became payable, demandable, or returnable, and the date of the last SB1095 Enrolled -2- LRB093 07390 LCB 11141 b transaction with the owner with respect to the property;

The Department of Financial Institutions shall provide the State Treasurer with an accounting of the money orders located in the course of the annual examination including, where available, the amount of SB1095 ~~Engrossed~~ -3- LRB093 07390 LCB 11141 b service fees deducted and the date of the conclusion of the examination.

The Department of Financial Institutions shall provide the State Treasurer with an accounting of the money orders located in the course of the annual examination including, where available, the amount of SB1095 Enrolled -3- LRB093 07390 LCB 11141 b service fees deducted and the date of the conclusion of the examination.

As of January 1, 1998, this subdivision (h)(1) shall not SB1095 ~~Engrossed~~ -4- LRB093 07390 LCB 11141 b be applicable unless the Department of Financial Institutions has commenced, but not finalized, an examination of the holder as of that date and the property is included in a final examination report for the period covered by the examination.

As of January 1, 1998, this subdivision (h)(1) shall not SB1095 Enrolled -4- LRB093 07390 LCB 11141 b be applicable unless the Department of Financial Institutions has commenced, but not finalized, an examination of the holder as of that date and the property is included in a final examination report for the period covered by the examination.

____________n_____ (a) _________________p______________________a_____________ -----n---------------------i------------------------r----------- -----e---------------------p----------------------t------------- -----r--- by Section 11, the State Treasurer shall cause SB1095 ~~Engrossed~~ -5- LRB093 07390 LCB 11141 b notice to be published once in an English language newspaper of general circulation in the county in this State in which is located the last known address of any person to be named in the notice o___________e______________________m_____________ _____r_____________________e________________________b___________ _____t______________________s______________________b____________ _____i_____________________e________________________c___________ _____h______________________S_____________________a_____________ ______a____________________n______________________o_____________ _____1____________________.

____________n_____ (a) _________________p______________________a_____________ -----n---------------------i------------------------r----------- -----e---------------------p----------------------t------------- -----r--- by Section 11, the State Treasurer shall cause SB1095 Enrolled -5- LRB093 07390 LCB 11141 b notice to be published once in an English language newspaper of general circulation in the county in this State in which is located the last known address of any person to be named in the notice o___________e______________________m_____________ _____r_____________________e________________________b___________ _____t______________________s______________________b____________ _____i_____________________e________________________c___________ _____h______________________S_____________________a_____________ ______a____________________n______________________o_____________ _____1____________________.

(c) The State Treasurer is not required to publish in such notice any item of less than $100 or any item for which SB1095 ~~Engrossed~~ -6- LRB093 07390 LCB 11141 b the address of the last known owner is in a state that has a reciprocal agreement with this State concerning abandoned property unless he deems such publication to be in the public interest.

(c) The State Treasurer is not required to publish in such notice any item of less than $100 or any item for which SB1095 Enrolled -6- LRB093 07390 LCB 11141 b the address of the last known owner is in a state that has a reciprocal agreement with this State concerning abandoned property unless he deems such publication to be in the public interest.

(1) any costs in connection with sale of abandoned property, (2) any costs of mailing and publication in connection with any abandoned property, and (3) any costs in connection with the SB1095 ~~Engrossed~~ -7- LRB093 07390 LCB 11141 b maintenance of records or disposition of claims made pursuant to this Act.

(1) any costs in connection with sale of abandoned property, (2) any costs of mailing and publication in connection with any abandoned property, and (3) any costs in connection with the SB1095 Enrolled -7- LRB093 07390 LCB 11141 b maintenance of records or disposition of claims made pursuant to this Act.

(c) In order to carry out the purpose of this Act, no person or company shall be entitled to a fee for discovering presumptively abandoned property until it has been in the SB1095 ~~Engrossed~~ -8- LRB093 07390 LCB 11141 b custody of the Unclaimed Property Division of the Office of the State Treasurer for at least 24 months.

(c) In order to carry out the purpose of this Act, no person or company shall be entitled to a fee for discovering presumptively abandoned property until it has been in the SB1095 Enrolled -8- LRB093 07390 LCB 11141 b custody of the Unclaimed Property Division of the Office of the State Treasurer for at least 24 months.

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Action History

August 14, 2003
Public Act . . . . . . . . . 93-0531
August 14, 2003
Effective Date August 14, 2003
August 14, 2003
Governor Approved
June 19, 2003
Sent to the Governor
May 21, 2003
Passed Both Houses
May 21, 2003
Third Reading - Standard Debate - Passed 116-000-001
May 13, 2003
Placed on Calendar Order of 3rd Reading - Standard Debate
May 13, 2003
Second Reading - Standard Debate
May 09, 2003
Placed on Calendar 2nd Reading - Standard Debate
May 09, 2003
Do Pass / Standard Debate Financial Institutions Committee; 010-000-000
May 02, 2003
Committee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
April 29, 2003
Re-assigned to Financial Institutions Committee
April 28, 2003
Added Alternate Chief Co-Sponsor Rep. Sidney H. Mathias
April 09, 2003
Assigned to Executive Committee
April 08, 2003
Alternate Chief Sponsor Changed to Rep. Daniel J. Burke
April 08, 2003
Referred to Rules Committee
April 08, 2003
First Reading
April 08, 2003
Chief House Sponsor Rep. Sidney H. Mathias
April 04, 2003
Placed on Calendar Order of First Reading
April 04, 2003
Arrived in House
April 04, 2003
Third Reading - Passed; 058-000-000
March 18, 2003
Placed on Calendar Order of 3rd Reading March 19, 2003
March 18, 2003
Second Reading
March 13, 2003
Placed on Calendar Order of 2nd Reading March 18, 2003
March 13, 2003
Do Pass Executive; 013-000-000
February 26, 2003
Assigned to Executive
February 19, 2003
Referred to Rules
February 19, 2003
First Reading
February 19, 2003
Filed with Secretary by Sen. Dave Sullivan

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

Dave Sullivan

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

May 21, 2003

Passed 116 Yea · 0 Nay · 2 Other

Party	Yea	Nay	Present	Not Voting
Unaffiliated	104	0	0	2
Democrat	9	0	0	0
Republican	3	0	0	0
Total	116	0	0	2
% of votes cast	98%	0%	0%	2%

How each member voted (118)

Member	Party	Vote
Saviano	—	Yea
Schmitz	—	Yea
Scully	—	Yea
Slone	—	Yea
Sommer	—	Yea
Acevedo	—	Yea
Aguilar	—	Yea
Mathias	—	Yea
Bassi	—	Yea
Beaubien	—	Yea
Bellock	—	Yea
Berrios	—	Yea
Mautino	—	Yea
Biggins	—	Yea
Black	—	Yea
Boland	—	Yea
May	—	Yea
Bost	—	Yea
Brauer	—	Yea
Brosnahan	—	Yea
Capparelli	—	Yea
Meyer	—	Yea
Molaro	—	Yea
Munson	—	Yea
Graham	—	Yea
Hamos	—	Yea
Holbrook	—	Yea
Jefferson	—	Yea
Novak	—	Yea
Leitch	—	Yea
Lindner	—	Yea
McAuliffe	—	Yea
Parke	—	Yea
Lyons, Eileen	—	Yea
Phelps	—	Yea
Bailey	—	Yea
Lyons, Joseph	—	Yea
Reitz	—	Yea
Dunkin	—	Yea
Dunn	—	Yea
Eddy	—	Yea
Flider	—	Yea
Flowers	—	Yea
Forby	—	Yea
Franks	—	Yea
McCarthy	—	Yea
McKeon	—	Yea
McGuire	—	Yea
Mendoza	—	Yea
Millner	—	Yea
Moffitt	—	Yea
Morrow	—	Yea
Mulligan	—	Yea
Bradley, Richard	—	Yea
Myers	—	Yea
Brady	—	Yea
Nekritz	—	Yea
O'Brien	—	Yea
Osmond	—	Yea
Soto	—	Yea
Mitchell, Bill	—	Yea
Hannig	—	Yea
Burke	—	Yea
Mitchell, Jerry	—	Yea
Tenhouse	—	Yea
Turner	—	Yea
Sullivan	—	Yea
Verschoore	—	Yea
Wait	—	Yea
Washington	—	Yea
Winters	—	Yea
Howard	—	Yea
Wirsing	—	Yea
Yarbrough	—	Yea
Watson	—	Yea
Jones	—	Yea
Davis, Monique	—	Yea
Churchill	—	Yea
Colvin	—	Yea
Coulson	—	Yea
Cross	—	Yea
Cultra	—	Yea
Currie	—	Yea
Daniels	—	Yea
Fritchey	—	Yea
Froehlich	—	Yea
Giles	—	Yea
Granberg	—	Yea
Grunloh	—	Yea
Hassert	—	Yea
Hultgren	—	Yea
Jakobsson	—	Yea
Kosel	—	Yea
Davis, Steve	—	Yea
Krause	—	Yea
Kurtz	—	Yea
Lang	—	Yea
Madigan	—	Not Voting
Osterman	—	Yea
Pankau	—	Not Voting
Younge	—	Yea
Pihos	—	Yea
Poe	—	Yea
Ryg	—	Yea
Sacia	—	Yea
Chapa LaVia	—	Yea
Eva-Dina Delgado	Democrat	Yea
Jay Hoffman	Democrat	Yea
Lakesia Collins	Democrat	Yea
Michael J. Kelly	Democrat	Yea
Nicholas K. Smith	Democrat	Yea
Patrick J. Joyce	Democrat	Yea
Robert "Bob" Rita	Democrat	Yea
Sara Feigenholtz	Democrat	Yea
William "Will" Davis	Democrat	Yea
Brad Stephens	Republican	Yea
Chapin Rose	Republican	Yea
Chris Miller	Republican	Yea

Official roll call →

Third Reading

April 04, 2003

Passed 58 Yea · 0 Nay · 1 Other

Party	Yea	Nay	Present	Not Voting
Unaffiliated	50	0	0	1
Democrat	7	0	0	0
Republican	1	0	0	0
Total	58	0	0	1
% of votes cast	98%	0%	0%	2%

How each member voted (59)

Member	Party	Vote
Sandoval	—	Yea
Shadid	—	Yea
Maloney	—	Yea
Althoff	—	Yea
Martinez	—	Yea
Bomke	—	Yea
Burzynski	—	Yea
Halvorson	—	Yea
Obama	—	Yea
Sieben	—	Yea
Munoz	—	Yea
Silverstein	—	Yea
Trotter	—	Yea
Sullivan, D.	—	Yea
Brady	—	Yea
Sullivan, J.	—	Yea
Petka	—	Yea
Viverito	—	Yea
Jacobs	—	Yea
Clayborne	—	Yea
Haine	—	Yea
Hendon	—	Yea
Jones, J.	—	Yea
Lauzen	—	Yea
Jones, W.	—	Yea
Watson	—	Yea
Cullerton	—	Yea
Link	—	Yea
Demuzio	—	Yea
Luechtefeld	—	Yea
Meeks	—	Yea
Schoenberg	—	Yea
Winkel	—	Yea
Wojcik	—	Yea
Woolard	—	Yea
Cronin	—	Yea
Crotty	—	Yea
DeLeo	—	Yea
Dillard	—	Yea
Garrett	—	Yea
Geo-Karis	—	Yea
Peterson	—	Yea
Philip	—	Not Voting
Radogno	—	Yea
Rauschenberger	—	Yea
Righter	—	Yea
Risinger	—	Yea
Ronen	—	Yea
Roskam	—	Yea
Rutherford	—	Yea
del Valle	—	Yea
Don Harmon	Democrat	Yea
Emanuel "Chris" Welch	Democrat	Yea
Emil Jones, III	Democrat	Yea
Kimberly A. Lightford	Democrat	Yea
Lakesia Collins	Democrat	Yea
Lawrence "Larry" Walsh, Jr.	Democrat	Yea
Mattie Hunter	Democrat	Yea
Dave Syverson	Republican	Yea

Official roll call →

Subjects

finance

Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 1095 do?: 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.
Who sponsors SB 1095?: SB 1095 is sponsored by Dave Sullivan.
What is the current status of SB 1095?: This bill has been enacted into law. Introduced February 19, 2003. Enacted.
Where can I track SB 1095?: Track SB 1095 free on One Click Politics — get push/email alerts when it moves.

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At a glance

Identifier: SB 1095
Jurisdiction: Illinois
Session: 93rd Regular Session
Type: Bill
Introduced: February 19, 2003
Status: Enacted
Prime sponsor: Dave Sullivan

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