Illinois Senate Bill 1464 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on August 23 2019 - 100% progression
Action: 2019-08-23 - Public Act . . . . . . . . . 101-0552
Text: Latest bill text (Chaptered) [HTML]

Amends the Presumption of Abandonment Article of the Revised Uniform Unclaimed Property Act. Provides that funds on deposit or held in trust in relation to a prepayment contract are presumed abandoned 40 years after the contract for prepayment was executed, unless the apparent owner has indicated an interest in the property more than 40 years after the contract for prepayment was executed, in which case, 3 years after the last indication of interest in the property by the apparent owner. Amends the Illinois Funeral or Burial Funds Act and the Illinois Pre-Need Cemetery Sales Act. Provides that if a trustee has a reason to believe that the contact information for a purchaser is no longer valid or the purchaser is deceased, then the trustee shall promptly notify the seller. Provides that a trustee shall report and remit any trust funds relating to an individual account that is presumed abandoned to the State Treasurer.

RUUPA-PREPAID BURIAL FUNDS

Sen. Antonio Munoz [D]

Sen. Robert Martwick [D]

Rep. Debbie Meyers-Martin [D]

2019-05-31 - Senate - Concurrence in Senate (Y: 59 N: 0 NV: 0 Abs: 0) [PASS]
2019-05-30 - House - Third Reading in House (Y: 70 N: 45 NV: 2 Abs: 0) [PASS]
2019-04-12 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]

Date	Chamber	Action
2019-08-23	Senate	Public Act . . . . . . . . . 101-0552
2019-08-23	Senate	Effective Date January 1, 2020
2019-08-23	Senate	Governor Approved
2019-06-28	Senate	Sent to the Governor
2019-05-31	Senate	Passed Both Houses
2019-05-31	Senate	Senate Concurs
2019-05-31	Senate	House Floor Amendment No. 2 Senate Concurs 059-000-000
2019-05-31	Senate	House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 012-000-000
2019-05-30	Senate	House Floor Amendment No. 2 Motion to Concur Assignments Referred to Executive
2019-05-30	Senate	House Floor Amendment No. 2 Motion to Concur Referred to Assignments
2019-05-30	Senate	House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Antonio Muñoz
2019-05-30	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 2 - May 31, 2019
2019-05-30	Senate	Secretary's Desk - Concurrence House Amendment(s) 2
2019-05-30	House	Added Alternate Chief Co-Sponsor Rep. Debbie Meyers-Martin
2019-05-30	House	Third Reading - Short Debate - Passed 070-045-000
2019-05-30	House	Placed on Calendar Order of 3rd Reading - Short Debate
2019-05-30	House	House Floor Amendment No. 2 Adopted
2019-05-30	House	House Floor Amendment No. 1 Withdrawn by Rep. Robert Martwick
2019-05-28	House	House Floor Amendment No. 2 Recommends Be Adopted Revenue & Finance Committee; 015-000-000
2019-05-28	House	House Floor Amendment No. 2 Rules Refers to Revenue & Finance Committee
2019-05-26	House	House Floor Amendment No. 2 Referred to Rules Committee
2019-05-26	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Robert Martwick
2019-05-24	House	Final Action Deadline Extended-9(b) May 31, 2019
2019-05-22	House	Held on Calendar Order of Second Reading - Short Debate
2019-05-22	House	Second Reading - Short Debate
2019-05-22	House	House Floor Amendment No. 1 Recommends Be Adopted Revenue & Finance Committee; 015-000-000
2019-05-20	House	House Floor Amendment No. 1 Rules Refers to Revenue & Finance Committee
2019-05-17	House	House Floor Amendment No. 1 Referred to Rules Committee
2019-05-17	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Robert Martwick
2019-05-09	House	Placed on Calendar 2nd Reading - Short Debate
2019-05-09	House	Do Pass / Short Debate Revenue & Finance Committee; 015-000-000
2019-05-08	House	Alternate Chief Sponsor Changed to Rep. Robert Martwick
2019-04-30	House	Assigned to Revenue & Finance Committee
2019-04-12	House	Referred to Rules Committee
2019-04-12	House	First Reading
2019-04-12	House	Chief House Sponsor Rep. Jerry Costello, II
2019-04-12	House	Arrived in House
2019-04-12	Senate	Third Reading - Passed; 055-000-000
2019-03-28	Senate	Placed on Calendar Order of 3rd Reading April 3, 2019
2019-03-28	Senate	Second Reading
2019-03-20	Senate	Placed on Calendar Order of 2nd Reading March 21, 2019
2019-03-20	Senate	Do Pass Financial Institutions; 007-000-000
2019-02-20	Senate	Assigned to Financial Institutions
2019-02-13	Senate	Referred to Assignments
2019-02-13	Senate	First Reading
2019-02-13	Senate	Filed with Secretary by Sen. Antonio Muñoz

Chapter	Article	Section	Citation Type	Statute Text
225	45	2	Amended Code	Citation Text
765	1026	15-201	Amended Code	Citation Text
815	390	16	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1464&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB1464.htm
Text	https://www.ilga.gov/legislation/101/SB/10100SB1464eng.htm
Text	https://www.ilga.gov/legislation/101/SB/10100SB1464enr.htm
Text	https://www.ilga.gov/legislation/publicacts/101/101-0552.htm
Amendment	https://www.ilga.gov/legislation/101/SB/10100SB1464ham001.htm
Amendment	https://www.ilga.gov/legislation/101/SB/10100SB1464ham002.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/101/senate/10100SB1464_04122019_013000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/101/house/10100SB1464_05302019_010000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/101/senate/10100SB1464ham002_05312019_059000C.pdf