VEH CD-JUNKING CERTIFICATES Senate SponsorsSen. Terry Link 1/9/2007SenateSession Sine Die 625 ILCS 5/3-117.1from Ch. 95 1/2, par. 3-117.1Amends the Illinois Vehicle Code with regard to when junking certificates or salvage certificates must be obtained. Provides that a vehicle that has been repossessed by a lienholder shall be considered to be salvage only when the cost of repairing the damage to the vehicle would be greater than 50% (rather than greater than 33 1/3%) of its fair market value. Makes corresponding changes with regard to obtaining a salvage certificate and the disposition of the vehicle. Makes similar changes with regard to when a vehicle that is part of a fleet of more than 5 commercial vehicles or a vehicle that has been submerged in water is to be considered salvage. 1/18/2006SenateFiled with Secretary by Sen. Terry Link 1/18/2006SenateFirst Reading 1/18/2006SenateReferred to Rules 1/9/2007SenateSession Sine Die