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<xml>
<title>Illinois General Assembly - Bill Status for HB 5607         </title>
<shortdesc>UNCLAIMED PROP US SAVINGS BOND</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Lou Lang</sponsors>
<sponsorhead2>Senate Sponsors</sponsorhead2><altsponsors>(Sen. Terry Link)</altsponsors>
</sponsor>
<lastaction>
<statusdate>7/15/2016</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 99-0556</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>765 ILCS 1025/8.1</reference><aliasreference>from Ch. 141, par. 108.1</aliasreference><SynopsisText>     Amends the Uniform Disposition of Unclaimed Property Act. Provides that a United States Savings bond shall be presumed abandoned when the bond has remained unclaimed and unredeemed for 5 years after its date of final extended maturity. Provides that presumed abandoned and unclaimed bonds escheat to the State. Establishes a procedure by which the State Treasurer may obtain a judicial determination that the bond has escheated to the State.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2016</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Lou Lang</action>
<statusdate>2/10/2016</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/10/2016</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/23/2016</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>4/8/2016</statusdate><chamber>House</chamber><action>Committee Deadline Extended-Rule 9(b) April 22, 2016</action>
<statusdate>4/14/2016</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Executive Committee;  010-000-000</action>
<statusdate>4/14/2016</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>4/15/2016</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>4/15/2016</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>4/19/2016</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 108-006-000</action>
<statusdate>4/19/2016</statusdate><chamber>Senate</chamber><action>Arrive in Senate</action>
<statusdate>4/19/2016</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of First Reading April 20, 2016</action>
<statusdate>4/26/2016</statusdate><chamber>Senate</chamber><action>Chief Senate Sponsor Sen. Terry Link</action>
<statusdate>4/27/2016</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>4/27/2016</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>4/27/2016</statusdate><chamber>Senate</chamber><action>Assigned to Judiciary</action>
<statusdate>5/4/2016</statusdate><chamber>Senate</chamber><action>Do Pass Judiciary;  009-000-000</action>
<statusdate>5/4/2016</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading May 5, 2016</action>
<statusdate>5/18/2016</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>5/18/2016</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading May 19, 2016</action>
<statusdate>5/25/2016</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 057-000-000</action>
<statusdate>5/25/2016</statusdate><chamber>House</chamber><action>Passed Both Houses</action>
<statusdate>6/23/2016</statusdate><chamber>House</chamber><action>Sent to the Governor</action>
<statusdate>7/15/2016</statusdate><chamber>House</chamber><action>Governor Approved</action>
<statusdate>7/15/2016</statusdate><chamber>House</chamber><action>Effective Date January 1, 2017</action>
<statusdate>7/15/2016</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 99-0556</action>
</actions>
</xml>

