Illinois 94th Regular Session Status: In Committee

HB 233 — FINANCIAL INSTITUTIONS-FEES

Last action — Session Sine Die

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 94th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the State Finance Act. Provides that certain provisions concerning transfers to the General Revenue Fund do not apply to any fund established under the Illinois Credit Union Act, the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, or the Savings Bank Act. Limits transfers and expenditures from those funds to the purposes specified in those Acts. Provides that no allocation and transfer of additional amounts generated by certain new and increased fees shall be made with respect to or from the Credit Union Fund. Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, and the Illinois Credit Union Act. With respect to the Bank and Trust Company Fund, the Savings and Residential Finance Regulatory Fund, and the Credit Union Fund: (i) exempts the moneys in each of those Funds from assignment or transfer under any other law or executive order for any purpose other than for unappropriated administrative expenses in an amount that does not exceed 2% of the total annual regulatory fees paid into the Fund and (ii) provides that the moneys in each fund remain the property of and shall be held in trust for the financial institutions upon from whom the moneys were collected. Amends the Illinois Banking Act. Provides that a credit to State Banks of unexpended funds is a continuing property interest of the State banks in those unexpended funds. Amends the Illinois Credit Union Act. Provides that the regulatory fee paid by a credit union to the Department of Financial and Professional Regulation shall be the lesser of (i) the rate pursuant to the regulatory fee schedule or (ii) a rate established in a manner proportionately consistent with the rates in the regulatory fee schedule and that would fund the actual administrative and operational expenses of the Credit Union Section. Increases rates in the regulatory fee schedule for credit unions with total assets over $5,000,000. Requires the Director of Financial and Professional Regulation to adjust the fee schedule for the next fiscal year. Provides that the fee schedule may be increased by no more than 5% annually if necessary to defray the actual (now, estimated) administrative and operational expenses of the Credit Union Section (now, the Department). Prohibits any increase in the fee schedule if the amount remaining in the Credit Union Fund at the end of the fiscal year is equal to or greater than 25% of the actual administrative and operational expenses for the preceding fiscal year. Requires the Director to base the regulatory fee for the next fiscal year on the credit union's total assets as of December 31 of the preceding calendar year. Beginning on July 1, 2005, requires a credit union to pay the regulatory fee in quarterly installments due and payable on the due date for the call report for the preceding quarter (now, a credit union is required to pay the regulatory fee in full no later than March 1 of each calendar year). Provides for a regulatory fee cap of $125,000 (now, $187,500). Effective immediately.

Bill Text

Action History

  1. Session Sine Die

  2. Rule 19(a) / Re-referred to Rules Committee

  3. Added Co-Sponsor Rep. Lisa M. Dugan

  4. Added Co-Sponsor Rep. Thomas Holbrook

  5. Added Co-Sponsor Rep. Daniel J. Burke

  6. Added Co-Sponsor Rep. Richard T. Bradley

  7. Added Co-Sponsor Rep. Timothy L. Schmitz

  8. Added Chief Co-Sponsor Rep. Lou Lang

  9. Added Chief Co-Sponsor Rep. Angelo Saviano

  10. Added Chief Co-Sponsor Rep. Mike Boland

  11. Added Chief Co-Sponsor Rep. Bill Mitchell

  12. Assigned to Executive Committee

  13. Referred to Rules Committee

  14. First Reading

  15. Filed with the Clerk by Rep. Joseph M. Lyons

Sponsors

  • Joseph M. Lyons · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

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

Sponsors (0)

None.

Co-sponsors (1)

  • Joseph M. Lyons

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

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 HB 233 do?
Amends the State Finance Act. Provides that certain provisions concerning transfers to the General Revenue Fund do not apply to any fund established under the Illinois Credit Union Act, the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, or the Savings Bank Act. Limits transfers and expenditures from those funds to the purposes specified in those Acts. Provides that no allocation and transfer of additional amounts generated by certain new and increased fees shall be made with respect to or from the Credit Union Fund. Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, and the Illinois Credit Union Act. With respect to the Bank and Trust Company Fund, the Savings and Residential Finance Regulatory Fund, and the Credit Union Fund: (i) exempts the moneys in each of those Funds from assignment or transfer under any other law or executive order for any purpose other than for unappropriated administrative expenses in an amount that does not exceed 2% of the total annual regulatory fees paid into the Fund and (ii) provides that the moneys in each fund remain the property of and shall be held in trust for the financial institutions upon from whom the moneys were collected. Amends the Illinois Banking Act. Provides that a credit to State Banks of unexpended funds is a continuing property interest of the State banks in those unexpended funds. Amends the Illinois Credit Union Act. Provides that the regulatory fee paid by a credit union to the Department of Financial and Professional Regulation shall be the lesser of (i) the rate pursuant to the regulatory fee schedule or (ii) a rate established in a manner proportionately consistent with the rates in the regulatory fee schedule and that would fund the actual administrative and operational expenses of the Credit Union Section. Increases rates in the regulatory fee schedule for credit unions with total assets over $5,000,000. Requires the Director of Financial and Professional Regulation to adjust the fee schedule for the next fiscal year. Provides that the fee schedule may be increased by no more than 5% annually if necessary to defray the actual (now, estimated) administrative and operational expenses of the Credit Union Section (now, the Department). Prohibits any increase in the fee schedule if the amount remaining in the Credit Union Fund at the end of the fiscal year is equal to or greater than 25% of the actual administrative and operational expenses for the preceding fiscal year. Requires the Director to base the regulatory fee for the next fiscal year on the credit union's total assets as of December 31 of the preceding calendar year. Beginning on July 1, 2005, requires a credit union to pay the regulatory fee in quarterly installments due and payable on the due date for the call report for the preceding quarter (now, a credit union is required to pay the regulatory fee in full no later than March 1 of each calendar year). Provides for a regulatory fee cap of $125,000 (now, $187,500). Effective immediately.
Who sponsors HB 233?
HB 233 is sponsored by Joseph M. Lyons.
What is the current status of HB 233?
This bill died with 94th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 233?
Track HB 233 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HB 233

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HB 233

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →