IL SB0536 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 5-2)
Status: Passed on August 9 2024 - 100% progression
Action: 2024-08-09 - Public Act . . . . . . . . . 103-0880
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Slight Partisan Bill (Democrat 5-2)
Status: Passed on August 9 2024 - 100% progression
Action: 2024-08-09 - Public Act . . . . . . . . . 103-0880
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the Public Funds Investment Act. Provides that a public agency may adopt an ordinance or resolution to allow for investment of public funds in instruments that are not specifically listed as authorized investments if those investments comply with (i) any other law that authorizes public agencies to invest funds and (ii) the investment policy adopted by the public agency.
Title
FINANCE-TECH
Sponsors
| Sen. Laura Ellman [D] | Rep. Terra Costa Howard [D] | Rep. Maura Hirschauer [D] | Rep. Diane Blair-Sherlock [D] |
| Rep. Jenn Ladisch Douglass [D] | Rep. Nicole La Ha [R] | Rep. Jennifer Sanalitro [R] |
Roll Calls
2024-05-23 - House - Third Reading in House (Y: 111 N: 0 NV: 0 Abs: 0) [PASS]
2024-04-18 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 1 Abs: 0) [PASS]
2024-04-18 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-08-09 | Senate | Public Act . . . . . . . . . 103-0880 |
| 2024-08-09 | Senate | Effective Date January 1, 2025 |
| 2024-08-09 | Senate | Governor Approved |
| 2024-06-21 | Senate | Sent to the Governor |
| 2024-05-23 | House | Added Alternate Co-Sponsor Rep. Jennifer Sanalitro |
| 2024-05-23 | House | Added Alternate Co-Sponsor Rep. Nicole La Ha |
| 2024-05-23 | Senate | Passed Both Houses |
| 2024-05-23 | House | Third Reading - Short Debate - Passed 111-000-000 |
| 2024-05-23 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2024-05-16 | House | Held on Calendar Order of Second Reading - Short Debate |
| 2024-05-16 | House | Second Reading - Short Debate |
| 2024-05-15 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2024-05-15 | House | Do Pass / Short Debate Executive Committee; 012-000-000 |
| 2024-05-15 | House | Added Alternate Co-Sponsor Rep. Jenn Ladisch Douglass |
| 2024-05-15 | House | Added Alternate Co-Sponsor Rep. Diane Blair-Sherlock |
| 2024-05-15 | House | Added Alternate Co-Sponsor Rep. Maura Hirschauer |
| 2024-05-03 | House | Committee/Final Action Deadline Extended-9(b) May 24, 2024 |
| 2024-05-03 | House | Assigned to Executive Committee |
| 2024-05-02 | House | Alternate Chief Sponsor Changed to Rep. Terra Costa Howard |
| 2024-04-18 | House | Referred to Rules Committee |
| 2024-04-18 | House | First Reading |
| 2024-04-18 | House | Chief House Sponsor Rep. Emanuel "Chris" Welch |
| 2024-04-18 | House | Arrived in House |
| 2024-04-18 | Senate | Third Reading - Passed; 057-000-000 |
| 2024-04-18 | Senate | Placed on Calendar Order of 3rd Reading |
| 2024-04-18 | Senate | Senate Floor Amendment No. 2 Adopted |
| 2024-04-18 | Senate | Senate Floor Amendment No. 1 Adopted |
| 2024-04-18 | Senate | Recalled to Second Reading |
| 2024-04-18 | Senate | Senate Floor Amendment No. 2 Recommend Do Adopt State Government; 008-000-000 |
| 2024-04-16 | Senate | Senate Floor Amendment No. 2 Assignments Refers to State Government |
| 2024-04-12 | Senate | Rule 2-10 Third Reading Deadline Established As April 19, 2024 |
| 2024-04-11 | Senate | Senate Floor Amendment No. 2 Referred to Assignments |
| 2024-04-11 | Senate | Senate Floor Amendment No. 2 Filed with Secretary by Sen. Laura Ellman |
| 2024-04-10 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt State Government; 008-000-000 |
| 2024-04-09 | Senate | Chief Sponsor Changed to Sen. Laura Ellman |
| 2024-04-09 | Senate | Senate Floor Amendment No. 1 Assignments Refers to State Government |
| 2024-04-05 | Senate | Senate Floor Amendment No. 1 Referred to Assignments |
| 2024-04-05 | Senate | Senate Floor Amendment No. 1 Filed with Secretary by Sen. Laura Ellman |
| 2024-03-20 | Senate | Placed on Calendar Order of 3rd Reading March 21, 2024 |
| 2024-03-20 | Senate | Approved for Consideration Assignments |
| 2023-03-31 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2023-03-10 | Senate | Placed on Calendar Order of 3rd Reading March 21, 2023 |
| 2023-03-10 | Senate | Second Reading |
| 2023-03-09 | Senate | Placed on Calendar Order of 2nd Reading March 10, 2023 |
| 2023-03-09 | Senate | Do Pass Executive; 011-000-000 |
| 2023-03-02 | Senate | Assigned to Executive |
| 2023-02-02 | Senate | Referred to Assignments |
| 2023-02-02 | Senate | First Reading |
| 2023-02-02 | Senate | Filed with Secretary by Sen. Don Harmon |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 30 | 115 | 0.1 | Amended Code | Citation Text |
