republic-os/legislation/us/states/il/94th/hb-583.md

---
type: "Bill"
title: "UNCLAIMED PROP-ABANDONED ACCT"
description: "Amends the Uniform Disposition of Unclaimed Property Act. Excepts from the presumption of abandonment by a financial organization a demand, savings, or matured deposit or a fund paid toward the purchase of withdrawable shares or other interest in a financial organization where the owner has, within 5 years, engaged in the following activity regarding other funds or loan accounts with the banking organization: (i) undertook one or more the of the described actions regarding any account that appears on a consolidated statement with the inactive account; (ii) increased or decreased the amount of funds in any other account the owner has with the banking organization; or (iii) engaged in any other relationship with the banking organization, including payment of any amounts due on a loan. Provides that the exception applies only so long as the mailing address for the owner in the banking organization's books and records is the same for both the inactive account and for the active account."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "94th"
identifier: "HB 583"
citation: "Illinois HB 583 (94th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 30
vote_count: 2
first_action: "2005-01-27"
last_action: "2005-07-19"
source: "openstates"
source_identifier: "ocd-bill/81ec8590-d805-413f-abe7-d1899eaf59a6"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=583&GAID=8&DocTypeID=HB&LegId=14972&SessionID=50&GA=94"
source_hash: "4e2373f24d67ebcd599f35d62b1e113e707d20cebe05ed49c6388d6ab04dfd12"
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 HB 583 (94th) — UNCLAIMED PROP-ABANDONED ACCT

Amends the Uniform Disposition of Unclaimed Property Act. Excepts from the presumption of abandonment by a financial organization a demand, savings, or matured deposit or a fund paid toward the purchase of withdrawable shares or other interest in a financial organization where the owner has, within 5 years, engaged in the following activity regarding other funds or loan accounts with the banking organization: (i) undertook one or more the of the described actions regarding any account that appears on a consolidated statement with the inactive account; (ii) increased or decreased the amount of funds in any other account the owner has with the banking organization; or (iii) engaged in any other relationship with the banking organization, including payment of any amounts due on a loan. Provides that the exception applies only so long as the mailing address for the owner in the banking organization's books and records is the same for both the inactive account and for the active account.

## 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=09400HB0583&GA=94&SessionId=50&DocTypeId=HB&LegID=14972&DocNum=583&GAID=8&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400HB0583eng&GA=94&SessionId=50&DocTypeId=HB&LegID=14972&DocNum=583&GAID=8&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400HB0583enr&GA=94&SessionId=50&DocTypeId=HB&LegID=14972&DocNum=583&GAID=8&Session=&print=true)

## Votes

- Third Reading — **59–0** (pass) · upper
- Third Reading — **113–0** (pass) · lower

## Sponsors

- Pamela J. Althoff — cosponsor (person)
- Randall M. Hultgren — primary (person)

## Timeline

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

- **2005-01-27** Filed with the Clerk by Rep. Randall M. Hultgren `filing`
- **2005-01-27** First Reading `reading-1`
- **2005-01-27** Referred to Rules Committee `referral-committee`
- **2005-02-02** Chief Co-Sponsor Rep. Sidney H. Mathias
- **2005-02-02** Assigned to State Government Administration Committee `referral-committee`
- **2005-02-09** House Committee Amendment No. 1 Filed with Clerk by State Government Administration Committee `amendment-introduction`
- **2005-02-09** House Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote `amendment-passage`
- **2005-02-09** Do Pass as Amended / Short Debate State Government Administration Committee; 008-000-001 `committee-passage`
- **2005-02-10** Placed on Calendar 2nd Reading - Short Debate
- **2005-02-10** Second Reading - Short Debate `reading-2`
- **2005-02-10** Placed on Calendar Order of 3rd Reading - Short Debate
- **2005-02-17** Third Reading - Short Debate - Passed 113-000-004 `reading-3, passage`
- **2005-02-23** Arrive in Senate `introduction`
- **2005-02-23** Placed on Calendar Order of First Reading February 24, 2005 `reading-1`
- **2005-03-04** Chief Senate Sponsor Sen. Dan Rutherford
- **2005-03-08** First Reading `reading-1`
- **2005-03-08** Referred to Rules `referral-committee`
- **2005-04-13** Assigned to Financial Institutions `referral-committee`
- **2005-04-20** Added as Alternate Co-Sponsor Sen. Pamela J. Althoff
- **2005-04-21** Do Pass Financial Institutions; 006-000-000 `committee-passage`
- **2005-04-21** Placed on Calendar Order of 2nd Reading May 3, 2005
- **2005-05-05** Second Reading `reading-2`
- **2005-05-05** Placed on Calendar Order of 3rd Reading May 10, 2005
- **2005-05-11** Third Reading - Passed; 059-000-000 `reading-3, passage`
- **2005-05-11** Passed Both Houses
- **2005-06-09** Sent to the Governor `executive-receipt`
- **2005-06-09** Sent to the Governor `executive-receipt`
- **2005-07-19** Governor Approved `executive-signature`
- **2005-07-19** Effective Date January 1, 2006
- **2005-07-19** Public Act . . . . . . . . . 94-0255 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/81ec8590-d805-413f-abe7-d1899eaf59a6`. Confidence: reported (aggregated from official Illinois legislature records).