Date	Chamber	Action
8/27/2018	Senate	Public Act . . . . . . . . . 100-1107

Statutes Amended In Order of Appearance

15 ILCS 520/22.5

from Ch. 130, par. 41a

Synopsis As Introduced
Amends the Deposit of State Moneys Act. Provides that whenever the total amount of vouchers presented to the Comptroller exceeds the funds available in the general funds by $1,000,000,000 or more, the State Treasurer may invest or reinvest any State money in the Treasury which is not needed for current expenditures, or any money in the State Treasury which has been set aside and held for the payment of the principal of and the interest on any State bonds, in qualified account receivables under the Vendor Payment Program established by the Comptroller and the Department of Central Management Services. Provides that the State Treasurer shall be a qualified purchaser under the Vendor Payment Program and shall have priority over any other qualified purchasers when purchasing qualified account receivables. Provides that the interest penalty paid on any funds invested or reinvested by the State Treasurer under specified provisions shall be 0.3% per month or 0.01% per day.

House Committee Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill, and modifies those provisions to provide that whenever the total amount of vouchers presented to the Comptroller under the State Comptroller Act exceeds the funds available in the General Revenue Fund by $1,000,000,000 or more, then the State Treasurer may invest (rather than invest or reinvest) any State money in the Treasury, other than money in specified Funds (currently, no exclusion for money in specified Funds), which is not needed for current expenditures, due or about to become due, or any money in the State Treasury which has been set aside and held for the payment of the principal of and the interest on any State bonds with the Office of the Comptroller in order to enable the Comptroller to pay outstanding vouchers. Provides further requirements and duties for investment of State money in the Treasury and for the establishment of intergovernmental agreements and investment agreements. Provides for the irrevocable and continuing authority for all amounts necessary for the payment of principal and interest on the investments made with the Office of the Comptroller by the State Treasurer and the irrevocable and continuing authority for and direction to the Comptroller and Treasurer to make the necessary transfers. Effective immediately.

Actions 

Date	Chamber	Action
2/14/2018	Senate	Filed with Secretary by Sen. Heather A. Steans
2/14/2018	Senate	First Reading
2/14/2018	Senate	Referred to Assignments
2/21/2018	Senate	Assigned to State Government
2/28/2018	Senate	Added as Chief Co-Sponsor Sen. Patricia Van Pelt
3/1/2018	Senate	Do Pass State Government; 006-002-000
3/1/2018	Senate	Placed on Calendar Order of 2nd Reading March 13, 2018
4/10/2018	Senate	Second Reading
4/10/2018	Senate	Placed on Calendar Order of 3rd Reading April 11, 2018
4/19/2018	Senate	Added as Co-Sponsor Sen. Ira I. Silverstein
4/19/2018	Senate	Added as Co-Sponsor Sen. Julie A. Morrison
4/19/2018	Senate	Sponsor Removed Sen. Julie A. Morrison
4/20/2018	Senate	Added as Chief Co-Sponsor Sen. Thomas Cullerton
4/20/2018	Senate	Added as Chief Co-Sponsor Sen. Mattie Hunter
4/25/2018	Senate	Added as Chief Co-Sponsor Sen. Julie A. Morrison
4/25/2018	Senate	Third Reading - Passed; 039-014-003
4/25/2018	Senate	Added as Co-Sponsor Sen. Laura M. Murphy
4/25/2018	House	Arrived in House
4/25/2018	House	Chief House Sponsor Rep. Gregory Harris
4/26/2018	House	First Reading
4/26/2018	House	Referred to Rules Committee
5/14/2018	House	Assigned to Executive Committee
5/18/2018	House	Final Action Deadline Extended-9(b) May 25, 2018
5/22/2018	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Gregory Harris
5/22/2018	House	House Committee Amendment No. 1 Referred to Rules Committee
5/23/2018	House	House Committee Amendment No. 1 Rules Refers to Executive Committee
5/24/2018	House	House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
5/24/2018	House	Do Pass as Amended / Short Debate Executive Committee; 009-002-000
5/24/2018	House	Placed on Calendar 2nd Reading - Short Debate
5/24/2018	House	Second Reading - Short Debate
5/24/2018	House	Held on Calendar Order of Second Reading - Short Debate
5/25/2018	House	Added Alternate Chief Co-Sponsor Rep. Robert W. Pritchard
5/25/2018	House	Added Alternate Chief Co-Sponsor Rep. David Harris
5/25/2018	House	Final Action Deadline Extended-9(b) May 31, 2018
5/28/2018	House	Added Alternate Chief Co-Sponsor Rep. Stephanie A. Kifowit
5/29/2018	House	Added Alternate Chief Co-Sponsor Rep. Mark Batinick
5/29/2018	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/29/2018	House	Removed from Short Debate Status
5/29/2018	House	Placed on Calendar Order of 3rd Reading - Standard Debate
5/29/2018	House	Third Reading - Standard Debate - Passed 115-000-000
5/29/2018	House	Added Alternate Co-Sponsor Rep. Nick Sauer
5/29/2018	Senate	Secretary's Desk - Concurrence House Amendment(s) 1
5/29/2018	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 30, 2018
5/29/2018	Senate	House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Heather A. Steans
5/29/2018	Senate	House Committee Amendment No. 1 Motion to Concur Referred to Assignments
5/30/2018	Senate	House Committee Amendment No. 1 Motion to Concur Assignments Referred to State Government
5/30/2018	Senate	House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt State Government; 006-002-000
5/31/2018	Senate	House Committee Amendment No. 1 Senate Concurs 049-001-000
5/31/2018	Senate	Senate Concurs
5/31/2018	Senate	Passed Both Houses
5/31/2018	Senate	Added as Co-Sponsor Sen. Elgie R. Sims, Jr.
6/29/2018	Senate	Sent to the Governor
8/27/2018	Senate	Governor Approved
8/27/2018	Senate	Effective Date August 27, 2018
8/27/2018	Senate	Public Act . . . . . . . . . 100-1107

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