Bill Text: IL SB1718 | 2013-2014 | 98th General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Illinois Insurance Code. Provides that subject to the restrictions provided in the Article concerning life and health insurers, an insurer may invest in bonds, notes, warrants, and other securities not in default that are the direct obligations of the government of any foreign country that is a member of the Organisation for Economic Co-operation and Development (OECD) and for which the full faith and credit of such government has been pledged for the payment of principal and interest, provided that (i) the debt of the issuing country has been rated as investment grade for at least 10 years immediately before the time of acquiring the obligations by at least 2 of the major ratings agencies, including Moody's Investors Service, Standard & Poor's Rating Services, Fitch Rating, and the Securities Valuation Office of the National Association of Insurance Commissioners and (ii) the issuing country has not defaulted and has met its payment obligations in a timely manner on all similar obligations for a period of at least 30 years immediately before the time of acquiring the obligations.

Spectrum: Bipartisan Bill

Status: (Passed) 2013-08-27 - Public Act . . . . . . . . . 98-0571 [SB1718 Detail]

Download: Illinois-2013-SB1718-Amended.html

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Rep. Sara Feigenholtz

Filed: 5/9/2013

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AMENDMENT TO SENATE BILL 1718
AMENDMENT NO. ______. Amend Senate Bill 1718 by replacing
everything after the enacting clause with the following:
"Section 5. The Liquor Control Act of 1934 is amended by
adding Section 6-28 as follows:
(235 ILCS 5/6-28) (from Ch. 43, par. 144d)
Sec. 6-28. Happy hours prohibited.
(a) All retail licensees shall maintain a schedule of the
prices charged for all drinks of alcoholic liquor to be served
and consumed on the licensed premises or in any room or part
thereof. Whenever a hotel or multi-use establishment which
holds a valid retailer's license operates on its premises more
than one establishment at which drinks of alcoholic liquor are
sold at retail, the hotel or multi-use establishment shall
maintain at each such establishment a separate schedule of the
prices charged for such drinks at that establishment.

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(b) No retail licensee or employee or agent of such
licensee shall:
(1) serve 2 or more drinks of alcoholic liquor at one
time to one person for consumption by that one person,
except conducting product sampling pursuant to Section
6-31 or selling or delivering wine by the bottle or carafe;
(2) sell, offer to sell or serve to any person an
unlimited number of drinks of alcoholic liquor during any
set period of time for a fixed price, except at private
functions not open to the general public;
(3) sell, offer to sell or serve any drink of alcoholic
liquor to any person on any one date at a reduced price
other than that charged other purchasers of drinks on that
day where such reduced price is a promotion to encourage
consumption of alcoholic liquor, except as authorized in
paragraph (7) of subsection (c);
(4) increase the volume of alcoholic liquor contained
in a drink, or the size of a drink of alcoholic liquor,
without increasing proportionately the price regularly
charged for the drink on that day;
(5) encourage or permit, on the licensed premises, any
game or contest which involves drinking alcoholic liquor or
the awarding of drinks of alcoholic liquor as prizes for
such game or contest on the licensed premises; or
(6) advertise or promote in any way, whether on or off
the licensed premises, any of the practices prohibited

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under paragraphs (1) through (5).
(c) Nothing in subsection (b) shall be construed to
prohibit a licensee from:
(1) offering free food or entertainment at any time;
(2) including drinks of alcoholic liquor as part of a
meal package;
(3) including drinks of alcoholic liquor as part of a
hotel package;
(4) negotiating drinks of alcoholic liquor as part of a
contract between a hotel or multi-use establishment and
another group for the holding of any function, meeting,
convention or trade show;
(5) providing room service to persons renting rooms at
a hotel;
(6) selling pitchers (or the equivalent, including but
not limited to buckets), carafes, or bottles of alcoholic
liquor which are customarily sold in such manner, or
selling bottles of spirits, and delivered to 2 or more
persons at one time; or
(7) increasing prices of drinks of alcoholic liquor in
lieu of, in whole or in part, a cover charge to offset the
cost of special entertainment not regularly scheduled; or .
(8) including drinks of alcoholic liquor as part of an
entertainment package where the licensee is separately
licensed by a municipal ordinance that (A) restricts dates
of operation to dates during which there is an event at an

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adjacent stadium, (B) restricts hours of serving alcoholic
liquor to 2 hours before the event and one hour after the
event, (C) restricts alcoholic liquor sales to beer and
wine, (D) requires tickets for admission to the
establishment, and (E) prohibits sale of admission tickets
on the day of an event and permits the sale of admission
tickets for single events only.
(d) A violation of this Act shall be grounds for suspension
or revocation of the retailer's license as provided by this
Act.
(Source: P.A. 94-1112, eff. 2-27-07.)
Section 99. Effective date. This Act takes effect upon
becoming law.".