92nd General Assembly
Status of HB5839
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   205 ILCS 105/7-19.1       from Ch. 17, par. 3307-19.1                       
   205 ILCS 205/6013         from Ch. 17, par. 7306-13                         

        Amends the Illinois Savings and Loan Act of 1985 to provide  that      
   all  earnings  received  from investments of moneys in the Savings and      
   Residential Finance Regulatory Fund shall be deposited into that  fund      
   and  used  for  the  same  purposes  as fees deposited into that fund.      
   Amends the Savings Bank Act to raise from 20% to 25% the percentage of      
   capital and general loan loss reserve that a  bank  may  loan  to  any      
   person at any one time.  Effective immediately.                             
          FISCAL NOTE (Office of Banks and Real Estate)                        
          The Office of Banks and Real Estate estimates that the reten-        
          tion of interest earnings (calculated at 6% interest rate) will      
          add $318,000 annually to the Savings and Residential Finance         
          Regulatory Fund and decrease the General Revenue Fund by an          
          equivalent amount.                                                   
   FEB-07-2002  H  FILED WITH CLERK                                               
   FEB-07-2002  H  FIRST READING                                                  
   FEB-07-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-13-2002  H       ASSIGNED TO COMMITTEE               FIN INSTIT            
   FEB-20-2002  H                         FISCAL NOTE FILED                       
   FEB-20-2002  H                   COMMITTEE               FIN INSTIT            
   FEB-21-2002  H  DO PASS/SHORT DEBATE                     016-000-000   HFIN    
   FEB-21-2002  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAR-22-2002  H  SECOND READING-SHORT DEBATE                                    
   MAR-22-2002  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   APR-01-2002  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   APR-02-2002  H  THIRD READING/SHORT DEBATE/PASSED        111-000-003           
   APR-03-2002  S  ARRIVE IN SENATE                                               
   APR-03-2002  S  PLACED CALENDAR ORDER OF FIRST READING   02-04-04              
   APR-11-2002  S  CHIEF SPONSOR                            WALSH,T               
   APR-11-2002  S  FIRST READING                                                  
   APR-11-2002  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   APR-18-2002  S       ASSIGNED TO COMMITTEE               FIN INST              
   APR-25-2002  S       DO PASS                             008-000-000   SFIC    
   APR-25-2002  S  PLACED ON CALENDAR ORDER OF 2ND READING  02-05-06              
   MAY-07-2002  S  SECOND READING                                                 
   MAY-07-2002  S  PLACED ON CALENDAR ORDER OF 3RD READING  02-05-08              
   MAY-08-2002  S  THIRD READING - PASSED                   056-000-000           
   MAY-08-2002  H  PASSED BOTH HOUSES                                             
   JUN-06-2002  H  SENT TO THE GOVERNOR                                           
   JUL-19-2002  H  GOVERNOR APPROVED                                              
   JUL-19-2002  H                            EFFECTIVE DATE 02-07-19              
   JUL-19-2002  H  PUBLIC ACT.............................. 92-0700               


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