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IL SB2663

Bill

Status

Failed

1/13/2015

Primary Sponsor

Julie Morrison

Click for details

Origin

Senate

98th General Assembly

AI Summary

  • Renames the "Division of Corporations Special Operations Fund" to the "Department of Business Services Special Operations Fund" under the Business Corporation Act of 1983.

  • Establishes that the fund balance at the end of any fiscal year cannot exceed $600,000, with excess amounts transferred to the General Revenue Fund.

  • Restricts the $50 expedited services fee for filings, copies of documents, and annual reports to materials submitted within 72 hours prior to the filing deadline.

  • Defines expedited services as requests completed within the same day or within 24 hours of submission to the Department's Springfield or Chicago offices.

  • Authorizes the Department of Business Services to use fund moneys for personal services, equipment, electronic data processing, telecommunications, and other costs related to providing expedited services.

Legislative Description

BUSINESS SPECIAL OP FUND-FEES

Last Action

Session Sine Die

1/13/2015

Committee Referrals

Assignments3/28/2014
Licensed Activities And Pensions1/29/2014
Assignments1/21/2014

Full Bill Text

No bill text available