TREASURER-COLLEGE SAVINGS POOL Senate SponsorsSen. Bill Cunningham-Patricia Van Pelt-Laura M. Murphy-Jacqueline Y. Collins and Kimberly A. Lightford-Cristina Castro House Sponsors(Rep. Emanuel Chris Welch) 11/28/2018SenateBill Dead - Amendatory Veto 15 ILCS 505/16.5Amends the State Treasurer Act. Modifies and reorganizes the provisions of a Section concerning the College Savings Pool. Provides that the State Treasurer may establish and administer a College Savings Pool as a qualified tuition program under the Internal Revenue Code, and that the Pool may consist of one or more college savings programs. Provides that the State Treasurer, in administering the College Savings Pool, may receive, hold, and invest moneys paid into the Pool and perform such other actions as are necessary to ensure that the Pool operates as a qualified tuition program under the Internal Revenue Code. Provides provisions concerning administration, availability, fees, and investment restrictions of the Pool. Modifies the way in which investments, distributions, contributions, and bonds are made regarding the Pool. Defines terms. Makes conforming, technical, and other changes. Effective immediately.House Floor Amendment No. 1 Deletes reference to:15 ILCS 505/16.5Adds reference to:15 ILCS 505/30 new30 ILCS 105/8.12from Ch. 127, par. 144.12Replaces everything after the enacting clause. Amends the State Treasurer Act. Provides that the State Treasurer, on behalf of the State of Illinois, is authorized to purchase specified real property located in the City of Springfield, Illinois which the State Treasurer deems necessary to properly carry out the powers and duties vested in him or her. Provides that the State Treasurer may enter into contracts relating to construction, reconstruction, or renovation projects for any such buildings or lands acquired, and may equip, lease, operate, and maintain those grounds, buildings, and facilities as may be appropriate to carry out his or her statutory purposes and duties. Provides that the State Treasurer may enter into agreements with any person with respect to the use and occupancy of the grounds, buildings, and facilities of the State Treasurer, including concession, license, and lease agreements on terms and conditions as the State Treasurer determines and in accordance with the procurement processes for the Office of the State Treasurer and substantially in accordance with the Illinois Procurement Code. Provides that the exercise of the authority vested in the State Treasurer by specified provisions is subject to the appropriation of the necessary funds. Amends the State Finance Act. Provides that the moneys in the State Pensions Fund shall be used exclusively for, among other specified purposes, the operational expenses of the Office of the State Treasurer, including the acquisition of land and buildings for use by the Office of the State Treasurer, as well as construction, reconstruction, improvement, repair, and maintenance, in accordance with the provisions of laws relating thereto, of such lands and buildings beginning in State fiscal year 2019 and for each fiscal year thereafter. Effective immediately.Governor Amendatory Veto Message Recommends deleting provisions added to the State Treasurer Act that: (i) authorize the State Treasurer to purchase specified real property located in the City of Springfield; (ii) permit the State Treasurer to enter into contracts relating to the construction, reconstruction, or renovation of any of the acquired property; (iii) permit the State Treasurer to equip, lease, operate, and maintain such property as may be appropriate to carry out his or her statutory purposes and duties; and (iv) permit the State Treasurer to enter into agreements with any person with respect to the use and occupancy of the grounds, buildings, and facilities of the State Treasurer. Recommends deleting provisions added to the State Finance Act that require moneys in the State Pension Fund to be used to acquire land and buildings for the Office of the State Treasurer and to cover the construction and maintenance costs of such lands and buildings beginning in State fiscal year 2019 and for each fiscal year thereafter. Recommends amending the Revised Uniform Unclaimed Property Act by: exempting from the Act any property due or owed by a business association resulting from a transaction occurring in the normal and ordinary course of business; providing that an action or proceeding may not be maintained by the State Treasurer to enforce the Act in regard to the reporting, delivery, or payment of property more than 5 (rather than 10) years after the holder filed a non-fraudulent report with the State Treasurer; providing that the parties may agree to extend this limitation period; prohibiting the State Treasurer from commencing an action with respect to a duty of a holder under the Act more than 10 years after the duty arose; permitting the State Treasurer to use estimation techniques that conform to either generally accepted auditing standards or generally accepted accounting principles to determine the amount of unclaimed property (rather than permitting the State Treasurer to determine the value of property due using a reasonable method of estimation based on all information available, including extrapolation and use of statistical sampling when appropriate and necessary); deleting language that prohibits a contingent fee arrangement between the State Treasurer and a contracted examiner that provides for a payment that exceeds 15% of the amount or value of property paid or delivered as a result of the examination; and deleting a provision concerning property to be listed in a transitional report on abandoned property. (Deletes reference to: 15 ILCS 505/30 new and 30 ILCS 105/8.12; Adds reference to: 765 ILCS 1026/15-201; 765 ILCS 1026/15-610; 765 ILCS 1026/15-1006; 765 ILCS 1026/15-1009; and 765 ILCS 1026/15-1503) 2/14/2018SenateFiled with Secretary by Sen. Bill Cunningham 2/14/2018SenateFirst Reading 2/14/2018SenateReferred to Assignments 2/21/2018SenateAssigned to State Government 2/28/2018SenateAdded as Chief Co-Sponsor Sen. Patricia Van Pelt 3/1/2018SenateDo Pass State Government; 006-000-000 3/1/2018SenatePlaced on Calendar Order of 2nd Reading March 13, 2018 3/15/2018SenateAdded as Chief Co-Sponsor Sen. Laura M. Murphy 4/10/2018SenateSecond Reading 4/10/2018SenatePlaced on Calendar Order of 3rd Reading April 11, 2018 4/18/2018SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins 4/18/2018SenateThird Reading - Passed; 057-000-000 4/18/2018HouseArrived in House 4/19/2018SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford 4/24/2018HouseChief House Sponsor Rep. Emanuel Chris Welch 4/24/2018HouseFirst Reading 4/24/2018HouseReferred to Rules Committee 5/28/2018HouseAssigned to Executive Committee 5/28/2018HouseFinal Action Deadline Extended-9(b) May 31, 2018 5/28/2018HouseMotion Filed to Suspend Rule 21 Executive Committee; Rep. Barbara Flynn Currie 5/28/2018HouseMotion to Suspend Rule 21 - Prevailed 5/29/2018HouseDo Pass / Short Debate Executive Committee; 011-000-000 5/29/2018HousePlaced on Calendar 2nd Reading - Short Debate 5/29/2018HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Emanuel Chris Welch 5/29/2018HouseHouse Floor Amendment No. 1 Referred to Rules Committee 5/29/2018HouseSecond Reading - Short Debate 5/29/2018HouseHeld on Calendar Order of Second Reading - Short Debate 5/30/2018HouseHouse Floor Amendment No. 1 Rules Refers to Executive Committee 5/30/2018HouseHouse Floor Amendment No. 1 Recommends Be Adopted Executive Committee; 011-000-000 5/31/2018HouseHouse Floor Amendment No. 1 Adopted 5/31/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/31/2018HouseThird Reading - Short Debate - Passed 101-013-000 5/31/2018SenateSecretary's Desk - Concurrence House Amendment(s) 1 5/31/2018SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 31, 2018 5/31/2018SenateHouse Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Bill Cunningham 5/31/2018SenateHouse Floor Amendment No. 1 Motion to Concur Referred to Assignments 5/31/2018SenateHouse Floor Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments 5/31/2018SenateHouse Floor Amendment No. 1 Senate Concurs 049-000-000 5/31/2018SenateSenate Concurs 5/31/2018SenatePassed Both Houses 5/31/2018SenateAdded as Chief Co-Sponsor Sen. Cristina Castro 6/29/2018SenateSent to the Governor 8/28/2018SenateGovernor Amendatory Veto 11/13/2018SenatePlaced on Calendar Amendatory Veto November 14, 2018 11/28/2018SenateBill Dead - Amendatory Veto