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<xml>
<title>Illinois General Assembly - Bill Status for HB 957          </title>
<shortdesc>PUBLIC FUNDS-BRANCH CLOSINGS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. La Shawn K. Ford</sponsors>
</sponsor>
<lastaction>
<statusdate>5/1/2013</statusdate><chamber>House</chamber><action>Tabled</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 225/1.5 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Public Funds Deposit Act. Provides that a depository institution that intends to close, relocate, or consolidate a branch location that impacts a low-income, moderate-income, or economically depressed urban or rural community must comply with certain advance notice and hearing requirements. Provides for the State Treasurer to hold a public hearing and determine whether it is in the best interests of the State to allow the closing, relocation, or consolidation. Provides that if the institution does not abide with a determination by the State Treasurer adverse to the institution's intent, then it may not receive or retain deposits of public funds. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/24/2013</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. La Shawn K. Ford</action>
<statusdate>1/25/2013</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/25/2013</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/4/2013</statusdate><chamber>House</chamber><action>Assigned to Financial Institutions Committee</action>
<statusdate>3/19/2013</statusdate><chamber>House</chamber><action>Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. La Shawn K. Ford</action>
<statusdate>3/22/2013</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>5/1/2013</statusdate><chamber>House</chamber><action>Tabled</action>
</actions>
</xml>

