Michael K. Smith
- Democratic
Primary
Amends the Illinois Credit Union Act. Provides that a credit union investing to fund an employee benefit plan obligation is not subject to the investment limitations of the Illinois Credit Union Act and may purchase an investment that would otherwise be impermissible if the investment is directly related to the credit union's obligation under the employee benefit plan and the credit union holds the investment only for so long as it has an actual or potential obligation under the employee benefit plan. Effective immediately.
Public Act . . . . . . . . . 95-0124
Effective Date August 13, 2007
Governor Approved
Sent to the Governor
Third Reading - Passed; 058-000-000
Passed Both Houses
Placed on Calendar Order of 3rd Reading May 8, 2007
Second Reading
Placed on Calendar Order of 2nd Reading April 24, 2007
Do Pass Financial Institutions; 007-000-000
Added as Alternate Chief Co-Sponsor Sen. Michael Noland
Assigned to Financial Institutions
Placed on Calendar Order of First Reading
Arrive in Senate
Chief Senate Sponsor Sen. David Koehler
First Reading
Referred to Rules
Third Reading - Short Debate - Passed 114-000-000
Added Co-Sponsor Rep. Joseph M. Lyons
Added Co-Sponsor Rep. Monique D. Davis
Added Chief Co-Sponsor Rep. Thomas Holbrook
Added Chief Co-Sponsor Rep. Patrick J Verschoore
Added Chief Co-Sponsor Rep. Aaron Schock
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Financial Institutions Committee; 020-000-000
Added Co-Sponsor Rep. Kurt M. Granberg
Assigned to Financial Institutions Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Michael K. Smith
| Bill Text Versions | Format |
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| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
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| Public Act |
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