Illinois Senate Bill 1812 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on July 7 2014 - 100% progression
Action: 2014-07-07 - Public Act . . . . . . . . . 98-0703
Text: Latest bill text (Chaptered) [HTML]

Amends the Public Funds Deposit Act. Provides that, in addition to other investments permitted by law, any treasurer or other custodian of public funds may deposit those funds into demand deposit accounts. Excludes those deposits from statutory requirements pertaining to the eligibility of a bank to receive or hold public deposits, and to the pledging of collateral by a bank to secure public deposits, if (i) the public agency initiates the investment at or through a bank located in Illinois and (ii) the invested public funds are at all times fully insured by an agency or instrumentality of the federal government. Effective immediately.

FINANCE-DEMAND DEPOST ACCTS

Sen. Terry Link [D]	Sen. Michael Connelly [R]	Rep. Rich Brauer [R]	Rep. Frank Mautino [D]
Rep. David Leitch [R]	Rep. Tom Demmer [R]	Rep. Andre Thapedi [D]

2014-04-09 - House - Third Reading in House (Y: 110 N: 1 NV: 1 Abs: 3) [PASS]
2013-04-12 - Senate - Third Reading in Senate (Y: 50 N: 0 NV: 9 Abs: 0) [PASS]

Date	Chamber	Action
2014-07-07	Senate	Public Act . . . . . . . . . 98-0703
2014-07-07	Senate	Effective Date July 7, 2014
2014-07-07	Senate	Governor Approved
2014-05-08	Senate	Sent to the Governor
2014-04-09	Senate	Passed Both Houses
2014-04-09	House	Third Reading - Short Debate - Passed 110-001-001
2014-04-09	House	Added Alternate Chief Co-Sponsor Rep. André M. Thapedi
2014-04-09	House	Added Alternate Chief Co-Sponsor Rep. Tom Demmer
2014-04-09	House	Added Alternate Chief Co-Sponsor Rep. David R. Leitch
2014-04-09	House	Added Alternate Chief Co-Sponsor Rep. Frank J. Mautino
2014-02-25	House	Placed on Calendar Order of 3rd Reading - Short Debate
2014-02-25	House	Second Reading - Short Debate
2014-02-05	House	Placed on Calendar 2nd Reading - Short Debate
2014-02-05	House	Do Pass / Short Debate State Government Administration Committee; 020-000-000
2014-01-28	House	Assigned to State Government Administration Committee
2013-04-15	House	Referred to Rules Committee
2013-04-15	House	First Reading
2013-04-15	House	Chief House Sponsor Rep. Rich Brauer
2013-04-12	House	Arrived in House
2013-04-12	Senate	Third Reading - Passed; 050-000-000
2013-04-12	Senate	Added as Chief Co-Sponsor Sen. Michael Connelly
2013-03-13	Senate	Placed on Calendar Order of 3rd Reading March 14, 2013
2013-03-13	Senate	Second Reading
2013-03-06	Senate	Placed on Calendar Order of 2nd Reading March 7, 2013
2013-03-06	Senate	Do Pass Financial Institutions; 010-000-000
2013-02-27	Senate	Assigned to Financial Institutions
2013-02-15	Senate	Referred to Assignments
2013-02-15	Senate	First Reading
2013-02-15	Senate	Filed with Secretary by Sen. Terry Link

Chapter	Article	Section	Citation Type	Statute Text
30	225	1	Amended Code	Citation Text
30	235	6.5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1812&GAID=12&DocTypeID=SB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/SB/09800SB1812.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB1812eng.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB1812enr.htm
Text	https://www.ilga.gov/legislation/publicacts/98/098-0703.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/98/senate/09800SB1812_04122013_006000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/98/house/09800SB1812_04092014_012000T.pdf