IL HB4573 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Passed on August 10 2018 - 100% progression
Action: 2018-08-10 - Public Act . . . . . . . . . 100-0752
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Passed on August 10 2018 - 100% progression
Action: 2018-08-10 - Public Act . . . . . . . . . 100-0752
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the Public Funds Investment Act. Provides that any public agency may invest any public funds in obligations (currently, short term obligations) of corporations organized in the United States with assets exceeding $500,000,000 if such obligations mature not later than 3 years (currently, 270 days) from the date of purchase, in addition to other criteria. Effective immediately.
Title
PUBLIC FUNDS-CORPORATIONS
Sponsors
Roll Calls
2018-05-29 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]
2018-03-07 - House - Third Reading in House (Y: 95 N: 9 NV: 3 Abs: 3) [PASS]
2018-03-07 - House - Third Reading in House (Y: 95 N: 9 NV: 3 Abs: 3) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2018-08-10 | House | Public Act . . . . . . . . . 100-0752 |
| 2018-08-10 | House | Effective Date August 10, 2018 |
| 2018-08-10 | House | Governor Approved |
| 2018-06-27 | House | Sent to the Governor |
| 2018-05-29 | House | Passed Both Houses |
| 2018-05-29 | Senate | Third Reading - Passed; 057-000-000 |
| 2018-05-25 | Senate | Rule 2-10 Third Reading Deadline Established As May 31, 2018 |
| 2018-05-23 | Senate | Placed on Calendar Order of 3rd Reading May 24, 2018 |
| 2018-05-23 | Senate | Second Reading |
| 2018-05-02 | Senate | Added as Alternate Chief Co-Sponsor Sen. Linda Holmes |
| 2018-05-02 | Senate | Placed on Calendar Order of 2nd Reading May 3, 2018 |
| 2018-05-02 | Senate | Do Pass Local Government; 005-000-000 |
| 2018-05-01 | Senate | Added as Alternate Chief Co-Sponsor Sen. Karen McConnaughay |
| 2018-04-25 | Senate | Assigned to Local Government |
| 2018-04-04 | Senate | Referred to Assignments |
| 2018-04-04 | Senate | First Reading |
| 2018-04-04 | Senate | Chief Senate Sponsor Sen. Emil Jones, III |
| 2018-03-09 | Senate | Placed on Calendar Order of First Reading March 13, 2018 |
| 2018-03-09 | Senate | Arrive in Senate |
| 2018-03-07 | House | Third Reading - Short Debate - Passed 095-009-000 |
| 2018-03-01 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2018-03-01 | House | Second Reading - Short Debate |
| 2018-02-28 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2018-02-27 | House | Do Pass / Short Debate Cities & Villages Committee; 012-000-000 |
| 2018-02-21 | House | Assigned to Cities & Villages Committee |
| 2018-02-06 | House | Referred to Rules Committee |
| 2018-02-06 | House | First Reading |
| 2018-02-06 | House | Filed with the Clerk by Rep. Michael J. Zalewski |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 30 | 235 | 2 | Amended Code | Citation Text |
