CURRENCY EXCHANGE BLANKET BOND House SponsorsRep. Ralph C. Capparelli-Joseph M. Lyons-Richard T. Bradley-Angelo Saviano Senate Sponsors(Sen. John J. Cullerton and Dan Rutherford) 12/3/2003HousePublic Act . . . . . . . . . 93-0614 205 ILCS 405/5from Ch. 17, par. 4812 Amends the Currency Exchange Act. Provides that community currency exchanges may meet their bonding requirements by means of a blanket bond that covers currency exchanges that are members of a statewide association. Requires the bond to be in a principal amount of $2,000,000. Effective immediately.Governor Amendatory Veto Message Recommends that the language be replaced with language providing that a community currency exchange may meet its bonding requirement by annually submitting evidence that the community currency exchange licensee is covered by a blanket bond approved by the Director of Financial Institutions. Provides guidelines for the blanket bond, including that it shall not be less than $10,000 nor less than the total of the outstanding liabilities of each licensee covered by the bond. 2/20/2003HouseFiled with the Clerk by Rep. Ralph C. Capparelli 2/20/2003HouseChief Co-Sponsor Rep. Joseph M. Lyons 2/20/2003HouseChief Co-Sponsor Rep. Richard T. Bradley 2/20/2003HouseChief Co-Sponsor Rep. Angelo Saviano 2/20/2003HouseFirst Reading 2/20/2003HouseReferred to Rules Committee 2/26/2003HouseAssigned to Executive Committee 3/5/2003HouseRe-assigned to Financial Institutions Committee 3/13/2003HouseDo Pass / Short Debate Financial Institutions Committee; 018-000-000 3/13/2003HousePlaced on Calendar 2nd Reading - Short Debate 3/13/2003HouseHouse Amendment No. 1 Filed with Clerk by Rep. Ralph C. Capparelli 3/13/2003HouseHouse Amendment No. 1 Referred to Rules Committee 3/18/2003HouseSecond Reading - Short Debate 3/18/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/26/2003HouseThird Reading - Short Debate - Passed 116-000-000 3/27/2003SenateArrive in Senate 3/27/2003SenatePlaced on Calendar Order of First Reading April 2, 2003 3/27/2003SenateChief Senate Sponsor Sen. John J. Cullerton 4/2/2003SenateFirst Reading 4/2/2003SenateReferred to Rules 4/16/2003SenateAssigned to Financial Institutions 4/30/2003SenateAdded as Alternate Co-Sponsor Sen. Dan Rutherford 5/1/2003SenateDo Pass Financial Institutions; 009-000-000 5/1/2003SenatePlaced on Calendar Order of 2nd Reading May 6, 2003 5/6/2003SenateSecond Reading 5/6/2003SenatePlaced on Calendar Order of 3rd Reading May 7, 2003 5/15/2003SenateThird Reading - Passed; 058-000-000 5/15/2003HousePassed Both Houses 6/13/2003HouseSent to the Governor 8/12/2003HouseGovernor Amendatory Veto 10/23/2003HousePlaced on Calendar Amendatory Veto November 4, 2003 10/30/2003HouseMotion Filed Override Amendatory Veto Rep. Ralph C. Capparelli 11/4/2003House3/5 Vote Required 11/4/2003HouseOverride Amendatory Veto - House Passed 112-001-003 11/6/2003SenatePlaced on Calendar Amendatory Veto November 18, 2003 11/6/2003SenateMotion Filed Override Amendatory Veto Sen. John J. Cullerton 11/18/2003Senate3/5 Vote Required 11/18/2003SenateOverride Amendatory Veto - Senate Passed 058-000-000 11/18/2003HouseAmendatory Veto Overridden Both Houses 12/3/2003HouseEffective Date November 18, 2003 12/3/2003HousePublic Act . . . . . . . . . 93-0614