IL SB1950 | 2013-2014 | 98th General Assembly
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on August 9 2013 - 100% progression
Action: 2013-08-09 - Public Act . . . . . . . . . 98-0297
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on August 9 2013 - 100% progression
Action: 2013-08-09 - Public Act . . . . . . . . . 98-0297
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the Public Funds Investment Act. Provides that any unit of local government (now, municipalities and counties only) may invest its public funds in interest bearing bonds of any county, township, city, village, incorporated town, municipal corporation, or school district, of the State of Illinois, of any other state, or of any political subdivision or agency of the State of Illinois or of any other state. Amends the Municipal Code to provide that municipalities are authorized to invest the funds and public moneys in the custody of the municipal treasurer in accordance with the Public Funds Investment Act.
Title
MUNI CD-PUBLIC FUNDS INVEST
Sponsors
| Sen. Pamela Althoff [R] | Rep. Jack Franks [D] | Rep. Al Riley [D] |
Roll Calls
2013-05-17 - House - Third Reading in House (Y: 113 N: 0 NV: 0 Abs: 0) [PASS]
2013-04-17 - Senate - Third Reading in Senate (Y: 52 N: 0 NV: 7 Abs: 0) [PASS]
2013-04-17 - Senate - Third Reading in Senate (Y: 52 N: 0 NV: 7 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2013-08-09 | Senate | Public Act . . . . . . . . . 98-0297 |
| 2013-08-09 | Senate | Effective Date January 1, 2014 |
| 2013-08-09 | Senate | Governor Approved |
| 2013-06-14 | Senate | Sent to the Governor |
| 2013-05-17 | Senate | Passed Both Houses |
| 2013-05-17 | House | Third Reading - Short Debate - Passed 113-000-000 |
| 2013-05-09 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2013-05-09 | House | Second Reading - Short Debate |
| 2013-05-02 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2013-05-02 | House | Do Pass / Short Debate Counties & Townships Committee; 004-000-000 |
| 2013-05-01 | House | Added Alternate Chief Co-Sponsor Rep. Al Riley |
| 2013-04-24 | House | Assigned to Counties & Townships Committee |
| 2013-04-17 | House | Referred to Rules Committee |
| 2013-04-17 | House | First Reading |
| 2013-04-17 | House | Chief House Sponsor Rep. Jack D. Franks |
| 2013-04-17 | House | Arrived in House |
| 2013-04-17 | Senate | Third Reading - Passed; 052-000-000 |
| 2013-04-12 | Senate | Placed on Calendar Order of 3rd Reading April 16, 2013 |
| 2013-04-12 | Senate | Senate Floor Amendment No. 1 Adopted; Althoff |
| 2013-04-12 | Senate | Recalled to Second Reading |
| 2013-04-11 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Local Government; 014-000-000 |
| 2013-03-21 | Senate | Senate Floor Amendment No. 1 Assignments Refers to Local Government |
| 2013-03-21 | Senate | Placed on Calendar Order of 3rd Reading April 10, 2013 |
| 2013-03-21 | Senate | Second Reading |
| 2013-03-19 | Senate | Senate Floor Amendment No. 1 Referred to Assignments |
| 2013-03-19 | Senate | Senate Floor Amendment No. 1 Filed with Secretary by Sen. Pamela J. Althoff |
| 2013-03-13 | Senate | Placed on Calendar Order of 2nd Reading March 14, 2013 |
| 2013-03-13 | Senate | Do Pass Local Government; 012-000-000 |
| 2013-03-05 | Senate | Assigned to Local Government |
| 2013-02-15 | Senate | Referred to Assignments |
| 2013-02-15 | Senate | First Reading |
| 2013-02-15 | Senate | Filed with Secretary by Sen. Pamela J. Althoff |
