UNCLAIMED PROPERTY Senate SponsorsSen. Terry Link House Sponsors(Rep. Eddie Lee Jackson, Sr.) 7/15/2016SenatePublic Act . . . . . . . . . 99-0577 765 ILCS 1025/8from Ch. 141, par. 108765 ILCS 1025/8.1from Ch. 141, par. 108.1Amends the Uniform Disposition of Unclaimed Property Act. Decreases the duration from 7 years to 5 years for unclaimed property held by any federal, State, local government or governmental entity to be presumed abandoned. 2/17/2016SenateFiled with Secretary by Sen. Terry Link 2/17/2016SenateFirst Reading 2/17/2016SenateReferred to Assignments 3/1/2016SenateAssigned to Judiciary 3/9/2016SenateDo Pass Judiciary; 010-000-000 3/9/2016SenatePlaced on Calendar Order of 2nd Reading March 10, 2016 3/10/2016SenateSecond Reading 3/10/2016SenatePlaced on Calendar Order of 3rd Reading March 16, 2016 4/12/2016SenateThird Reading - Passed; 053-001-000 4/12/2016HouseArrived in House 4/15/2016HouseChief House Sponsor Rep. Eddie Lee Jackson, Sr. 4/15/2016HouseFirst Reading 4/15/2016HouseReferred to Rules Committee 4/18/2016HouseAssigned to Judiciary - Civil Committee 5/4/2016HouseDo Pass / Short Debate Judiciary - Civil Committee; 007-000-000 5/4/2016HousePlaced on Calendar 2nd Reading - Short Debate 5/10/2016HouseSecond Reading - Short Debate 5/10/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/12/2016HouseThird Reading - Short Debate - Passed 115-000-000 5/12/2016SenatePassed Both Houses 6/10/2016SenateSent to the Governor 7/15/2016SenateGovernor Approved 7/15/2016SenateEffective Date January 1, 2017 7/15/2016SenatePublic Act . . . . . . . . . 99-0577