IL Register Vol.28 issue 03. Issue 3 January 16, 2004 Pages 1045-1293

LibraryIllinois Register
Enactment Date01 January 2004

TABLE OF CONTENTS

January 16, 2004 Volume 28, Issue 3

ADOPTED RULES

BANKS AND REAL ESTATE, OFFICE OF

Minimum Organizational Capital Requirements For Banks and Trust

38 Ill. Adm. Code 310......................................................1045

Electronic Fund Transfers

38 Ill. Adm. Code 315......................................................1053

Rules Governing the Request for Reconsideration of Examination Findings

38 Ill. Adm. Code 385 ......................................................1062

EMPLOYMENT SECURITY, DEPARTMENT OF

Determination of Unemployment Contributions

56 Ill. Adm. Code 2770 ....................................................1071

HUMAN SERVICES, DEPARTMENT OF

Impartial Hearing Officer Standards

2 Ill. Adm. Code 1177 ......................................................1079

General Administrative Provisions

89 Ill. Adm. Code 10........................................................1083

Temporary Assistance for Needy Families

89 Ill. Adm. Code 112......................................................1090

Food Stamps

89 Ill. Adm. Code 121 ......................................................1104

Administrative Hearings

89 Ill. Adm. Code 508 ......................................................1122

REVENUE, ILLINOIS DEPARTMENT OF

Senior Citizens and Disabled Persons Property Tax Relief and Pharmaceutical Assistance Act

86 Ill. Adm. Code 530 ......................................................1133

STATE UNIVERSITIES CIVIL SERVICE SYSTEM

Public Information, Rulemaking and Organization

2 Ill. Adm. Code 5350 ......................................................1147

TRANSPORTATION, ILLINOIS DEPARTMENT OF

Motor Carrier Safety Regulations: General

92 Ill. Adm. Code 390 ......................................................1152

Parts and Accessories Necessary for Safe Operation

92 Ill. Adm. Code 393 ......................................................1157

Hours of Service of Drivers

92 Ill. Adm. Code 395 ......................................................1161

EMERGENCY RULES

CHILDREN AND FAMILY SERVICES, DEPARTMENT OF

Background Checks

89 Ill. Adm. Code 385 ......................................................1167

i

SECOND NOTICES RECEIVED

JOINT COMMITTEE ON ADMINISTRATIVE RULES

Second Notices Received..................................................1178

REGULATORY AGENDA

LABOR RELATIONS BOARD, ILLINOIS

General Procedures

80 Ill. Adm. Code 1100...................................................1179

Ill. Adm. Code 1100...................................................1179

COMMERCE COMMISSION, ILLINOIS

The Preservation of Records of Telephone Utilities

(General Order 188)

83 Ill. Adm. Code 705 ......................................................1196

EDUCATION, ILLINOIS STATE BOARD OF

Public Schools Evaluation, Recognition and Supervision

23 Ill. Adm. Code 1..........................................................1203

ENVIRONMENTAL PROTECTION AGENCY

Measurement Procedures for the Enforcement of 35 Ill.

Adm. Code 900

35 Ill. Adm. Code 951 ......................................................1208

HOUSING DEVELOPMENT AUTHORITY, ILLINOIS Low-Income Housing Tax Credit Allocation

47 Ill. Adm. Code 350 ......................................................1222

NATURAL RESOURCES, DEPARTMENT OF

Rulemaking and Organization

2 Ill. Adm. Code 825 ........................................................1225

PUBLIC HEALTH, ILLINOIS DEPARTMENT OF

Language Assistance Services Code

77 Ill. Adm. Code ............................................................1256

NOTICES OF PUBLIC INFORMATION

BANKS AND REAL ESTATE, OFFICE OF

Notice of Fine Imposed Under the Residential Mortgage License Act of 1987

Ill. Adm. Code ................................................................1276

Notice of Fine Imposed Under the Residential Mortgage License Act of 1987

Ill. Adm. Code ................................................................1277

Notice of Fine Imposed Under the Residential Mortgage License Act of 1987

Ill. Adm. Code ................................................................1278

Notice of Fine Imposed Under the Residential Mortgage License Act of 1987

Ill. Adm. Code ................................................................1279

Notice of Fine Imposed Under the Residential Mortgage License Act of 1987

Ill. Adm. Code ................................................................1280

Notice of Fine Imposed Under the Residential Mortgage License Act of 1987

ii

Ill. Adm. Code ................................................................1281

Notice of Fine Imposed Under the Residential Mortgage License Act of 1987

Ill. Adm. Code ................................................................1282

Notice of Fine Imposed Under the Residential Mortgage License Act of 1987

Ill. Adm. Code ................................................................1283

Notice of Fine Imposed Under the Residential Mortgage License Act of 1987

Ill. Adm. Code ................................................................1284

Notice of Fine Imposed Under the Residential Mortgage License Act of 1987

Ill. Adm. Code ................................................................1285

HOUSING DEVELOPMENT AUTHORITY, ILLINOIS Annual Plan of the Advisory Commission

Ill. Adm. Code ................................................................1286

EXECUTIVE ORDERS AND PROCLAMATIONS

EXECUTIVE ORDERS

Executive Order To Establish An Illinois HIPAA Taskforce

Ill. Adm. Code ................................................................1289

PROCLAMATIONS

Postpartum Depression Month

Ill. Adm. Code ................................................................1291

African American History Month

Ill. Adm. Code ................................................................1291

Desert Storm Remembrance Day

Ill. Adm. Code ................................................................1292

Financial Aid/Admission Awareness Month

Ill. Adm. Code ................................................................1292

iii

ILLINOIS REGISTER

1045

04

OFFICE OF BANKS AND REAL ESTATE

NOTICE OF ADOPTED RULES

1) Heading of the Part: Minimum Organizational Capital Requirements for Banks and Trust Companies

2) Code Citation: 38 Ill. Adm. Code 310

4) Statutory Authority: Implementing Section 7 of the Illinois Banking Act [205 ILCS 5/7] and Section 2-7 of the Corporate Fiduciary Act [205 ILCS 620/2-7] and authorized by Section 48(b)(6) of the Illinois Banking Act [205 ILCS 5/48(b)(6)] and Section 5-1(a) of the Corporate Fiduciary Act [205 ILCS 620/5-1(a)].

5) Effective Date of Rulemaking: January 5, 2004

6) Does this rulemaking contain an automatic repeal date? No

7) Does this rulemaking contain incorporations by reference? Yes. The rule incorporates the definition of Tier 1 capital in the Federal Deposit Insurance Corporation's rule on Minimum Capital Requirements [12 CFR 325, as effective April 1, 2002 (no later amendments or editions)]

8) A copy of the adopted rules, including any material incorporated by reference, is on file in the agency's principal office and is available for public inspection.

9) Notice of Proposal Published in Illinois Register: 27 Ill. Reg. 14920 on September 26, 2003.

3)

Section Numbers:

Adopted Action:

310.100 310.110

310.200 310.210 310.220

310.300 310.310

310.320

310.330

310.340

New New New New New New New New New New

10)

Has JCAR issued a Statement of Objection to this rulemaking? No

_ILLINOIS REGISTER_1046

04

OFFICE OF BANKS AND REAL ESTATE

NOTICE OF ADOPTED RULES

11) Differences between proposal and final version: OBRE has incorporated JCAR's recommendations for nonsubstantive changes. In addition, OBRE added language in Section 310.210(a) and (c) offering examples of instances when the Agency would require the bank of trust company to have capital in amounts greater than the minimum amounts prescribed in the rule. We also added language offering examples of when the Agency would permit the bank or trust company to have capital in an amount that is less than the minimum amounts prescribed in the rule in Section 310.220(a).

12) Have all the changes agreed upon by the agency and JCAR been made as indicated in the agreements issued by JCAR? Yes

13) Will this rulemaking replace any emergency rulemaking currently in effect? No

14) Are there any amendments pending on this Part? No

15) Summary and Purpose of Rulemaking: Public Act 92-483 deleted the requirement that the Commissioner record organization capital requirements with the Office of the Secretary of State. The rules set forth the minimum organizational capital requirements for banks and trust companies so that interested parties will have easier access to the organizational capital requirements. The rules also set out when greater capital requirements may be necessary, exceptions to minimum organizational capital requirements for banks and trust companies, and provisions concerning capital in cases of merger or consolidation of trust companies, and the adequacy of capital investments of trust companies.

16) Information and questions regarding these adopted rules shall be directed to:

Jeff Riley

Legislative Liaison

Office of Banks and Real Estate

500 E. Monroe Street

Springfield, IL 62701

217/782-6167

The full text of the adopted rules begins on the next page:

_ILLINOIS REGISTER_1047

04

OFFICE OF BANKS AND REAL ESTATE

NOTICE OF ADOPTED RULES

TITLE 38: FINANCIAL INSTITUTIONS CHAPTER II: OFFICE OF BANKS AND REAL ESTATE

PART 310

MINIMUM ORGANIZATIONAL CAPITAL REQUIREMENTS FOR BANKS AND TRUST COMPANIES

SUBPART A: SCOPE AND DEFINITIONS

Section

310.100 Scope and Authority 310.110 Definitions

SUBPART B: BANKS

Section

310.200 Minimum Organizational Capital Requirements for Banks

310.210 When Greater Capital Requirements May Be Necessary

310.220 Exceptions to Minimum Organizational Capital Requirements for Banks

SUBPART C: TRUST COMPANIES

Section

310.300 Minimum Organizational Capital Requirements for Trust Companies 310.310 When Greater Capital...

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