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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB3274 Introduced 2/7/2012, by Sen. Carole Pankau SYNOPSIS AS INTRODUCED:
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Amends the Limited Liability Company Act. Provides that the fee for expedited processing of LLC annual reports with the Secretary of State's Department of Business Services shall be eliminated for requests filed online. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | SB3274 | | LRB097 19853 JLS 65133 b |
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| 1 | | AN ACT concerning business.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Limited Liability Company Act is amended by |
| 5 | | changing Section 50-50 as follows:
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| 6 | | (805 ILCS 180/50-50)
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| 7 | | Sec. 50-50. Department of Business Services Special |
| 8 | | Operations Fund.
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| 9 | | (a) A special fund in the State treasury is created and |
| 10 | | shall be known as
the
Department of Business Services Special |
| 11 | | Operations Fund. Moneys deposited into
the Fund
shall, subject |
| 12 | | to appropriation, be used by the Department of Business |
| 13 | | Services
of the Office
of the Secretary of State, hereinafter |
| 14 | | "Department", to create and maintain the
capability to
perform |
| 15 | | expedited services in response to special requests made by the |
| 16 | | public
for same-day
or 24-hour service. Moneys deposited into |
| 17 | | the Fund shall be used for, but not
limited to,
expenditures |
| 18 | | for personal services, retirement, Social Security, |
| 19 | | contractual
services,
equipment, electronic data processing, |
| 20 | | and telecommunications.
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| 21 | | (b) The balance in the Fund at the end of any fiscal year |
| 22 | | shall not exceed
$600,000,
and any amount in excess thereof |
| 23 | | shall be transferred to the General Revenue
Fund.
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| | SB3274 | - 2 - | LRB097 19853 JLS 65133 b |
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| 1 | | (c) All fees payable to the Secretary of State under this |
| 2 | | Section shall be
deposited
into the Fund. No other fees or |
| 3 | | charges collected under this Act
shall be
deposited into the
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| 4 | | Fund.
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| 5 | | (d) "Expedited services" means services rendered within |
| 6 | | the same day, or
within 24
hours from the time, the request |
| 7 | | therefor is submitted by the filer, law firm,
service company,
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| 8 | | or messenger physically in person or, at the Secretary of |
| 9 | | State's discretion,
by electronic means, to the Department's |
| 10 | | Springfield Office and
includes
requests for certified copies, |
| 11 | | photocopies, and certificates of good standing
made to the
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| 12 | | Department's Springfield Office in person or by telephone, or |
| 13 | | requests for
certificates of
good standing made in person or by |
| 14 | | telephone to the Department's Chicago
Office.
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| 15 | | (e) Fees for expedited services shall be as follows:
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| 16 | | Restated articles of organization, $200;
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| 17 | | Merger or conversion, $200;
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| 18 | | Articles of organization, $100;
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| 19 | | Articles of amendment, $100;
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| 20 | | Reinstatement, $100;
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| 21 | | Application for admission to transact business, $100;
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| 22 | | Certificate of good standing or abstract of computer |
| 23 | | record, $20;
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| 24 | | All other filings, copies of documents, annual reports, and |
| 25 | | copies of
documents of
dissolved or revoked limited liability |
| 26 | | companies, $50; except that no expedited services fee shall be |