SAVINGS BANK ACT House SponsorsRep. Adam Brown Senate Sponsors(Sen. Chris Nybo) 7/14/2015HousePublic Act . . . . . . . . . 99-0039 205 ILCS 5/48205 ILCS 5/48.05205 ILCS 5/78from Ch. 17, par. 390205 ILCS 205/9002.5205 ILCS 205/10085205 ILCS 205/12201 Amends the Illinois Banking Act. Provides that the Secretary of Financial and Professional Regulation may assess reasonable receivership fees against any State bank that does not maintain insurance with the Federal Deposit Insurance Corporation. Provides that members of the State Banking Board of Illinois cease to be eligible to serve on the Board once they no longer meet the requirements of their original appointment; however a member from a State Bank shall not be disqualified solely due to a change in the bank's asset size. Amends the Savings Bank Act. Provides that savings banks and service corporations shall pay specified fees in quarterly installments. Removes a provision concerning a fee that is levied as an adjustment to the supervisory fee. Provides that the Secretary may assess reasonable receivership fees against any savings bank operating under the Act that does not maintain insurance with the Federal Deposit Insurance Corporation. Provides that if the funds in the estate of the savings bank are insufficient to cover the expenses that arise from the administration of a receivership, the Secretary may pay such expenses from the Non-insured Institutions Receivership account. Provides that members of the Board of Savings Banks cease to be eligible to serve on the Board once they no longer meet the requirements of their original appointment. 2/26/2015HouseFiled with the Clerk by Rep. Adam Brown 2/26/2015HouseFirst Reading 2/26/2015HouseReferred to Rules Committee 3/19/2015HouseAssigned to Business & Occupational Licenses Committee 3/25/2015HouseDo Pass / Short Debate Business & Occupational Licenses Committee; 009-000-000 3/26/2015HousePlaced on Calendar 2nd Reading - Short Debate 4/14/2015HouseSecond Reading - Short Debate 4/14/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/15/2015HouseThird Reading - Short Debate - Passed 114-000-001 4/15/2015SenateArrive in Senate 4/15/2015SenatePlaced on Calendar Order of First Reading April 16, 2015 4/15/2015SenateChief Senate Sponsor Sen. Chris Nybo 4/16/2015SenateFirst Reading 4/16/2015SenateReferred to Assignments 4/22/2015SenateAssigned to Financial Institutions 4/29/2015SenateDo Pass Financial Institutions; 007-000-000 4/29/2015SenatePlaced on Calendar Order of 2nd Reading April 30, 2015 5/18/2015SenateSecond Reading 5/18/2015SenatePlaced on Calendar Order of 3rd Reading May 19, 2015 5/19/2015SenateThird Reading - Passed; 056-000-000 5/19/2015HousePassed Both Houses 6/17/2015HouseSent to the Governor 7/14/2015HouseGovernor Approved 7/14/2015HouseEffective Date January 1, 2016 7/14/2015HousePublic Act . . . . . . . . . 99-0039