---
type: "Bill"
title: "UNCLAIMED PROPERTY"
description: "Amends the Uniform Disposition of Unclaimed Property Act. Decreases the duration from 7 years to 5 years for unclaimed property held by any federal, State, local government or governmental entity to be presumed abandoned."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "99th"
identifier: "SB 2783"
citation: "Illinois SB 2783 (99th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 24
vote_count: 2
first_action: "2016-02-17"
last_action: "2016-07-15"
source: "openstates"
source_identifier: "ocd-bill/b51b570d-1b8a-40d1-bd2f-f1e2be5d4b12"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2783&GAID=13&DocTypeID=SB&LegId=96093&SessionID=88&GA=99"
source_hash: "0f460bfdb544003a54840fd016ad06a0e2a93fb8774538ab4b15e0e04ded7e8b"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois SB 2783 (99th) — UNCLAIMED PROPERTY

Amends the Uniform Disposition of Unclaimed Property Act. Decreases the duration from 7 years to 5 years for unclaimed property held by any federal, State, local government or governmental entity to be presumed abandoned.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB2783&GA=99&SessionId=88&DocTypeId=SB&LegID=96093&DocNum=2783&GAID=13&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB2783eng&GA=99&SessionId=88&DocTypeId=SB&LegID=96093&DocNum=2783&GAID=13&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB2783enr&GA=99&SessionId=88&DocTypeId=SB&LegID=96093&DocNum=2783&GAID=13&Session=&print=true)

## Votes

- Third Reading — **115–0** (pass) · lower
- Third Reading — **53–1** (pass) · upper

## Sponsors

- Terry Link — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2016-02-17** Filed with Secretary by Sen. Terry Link `filing`
- **2016-02-17** First Reading `reading-1`
- **2016-02-17** Referred to Assignments `referral-committee`
- **2016-03-01** Assigned to Judiciary `referral-committee`
- **2016-03-09** Do Pass Judiciary; 010-000-000 `committee-passage`
- **2016-03-09** Placed on Calendar Order of 2nd Reading March 10, 2016
- **2016-03-10** Second Reading `reading-2`
- **2016-03-10** Placed on Calendar Order of 3rd Reading March 16, 2016
- **2016-04-12** Third Reading - Passed; 053-001-000 `reading-3, passage`
- **2016-04-12** Arrived in House `introduction`
- **2016-04-15** Chief House Sponsor Rep. Eddie Lee Jackson, Sr.
- **2016-04-15** First Reading `reading-1`
- **2016-04-15** Referred to Rules Committee `referral-committee`
- **2016-04-18** Assigned to Judiciary - Civil Committee `referral-committee`
- **2016-05-04** Do Pass / Short Debate Judiciary - Civil Committee; 007-000-000 `committee-passage`
- **2016-05-04** Placed on Calendar 2nd Reading - Short Debate
- **2016-05-10** Second Reading - Short Debate `reading-2`
- **2016-05-10** Placed on Calendar Order of 3rd Reading - Short Debate
- **2016-05-12** Third Reading - Short Debate - Passed 115-000-000 `reading-3, passage`
- **2016-05-12** Passed Both Houses
- **2016-06-10** Sent to the Governor `executive-receipt`
- **2016-07-15** Governor Approved `executive-signature`
- **2016-07-15** Effective Date January 1, 2017
- **2016-07-15** Public Act . . . . . . . . . 99-0577 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b51b570d-1b8a-40d1-bd2f-f1e2be5d4b12`. Confidence: reported (aggregated from official Illinois legislature records).