Bill Status of HB 4625   101st General Assembly

Short Description:  TREASURER-COLLEGE SAVINGS POOL

House Sponsors
Rep. Katie Stuart and Mike Murphy

Last Action  View All Actions

DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 505/16.5

Synopsis As Introduced
Amends the State Treasurer Act. Modifies provisions concerning the College Savings Pool. Provides that the State Treasurer, in administering the College Savings Pool, may, among other actions, perform any other action he or she deems necessary to administer the Pool. Provides that the State Treasurer may delegate duties related to the College Savings Pool to one or more contractors. Provides that any fees, costs, and expenses related to the College Savings Pool shall be paid from the assets of the College Savings Pool. Provides further requirements concerning fees of the College Savings Pool. Modifies provisions concerning investment restrictions, distributions, and contributions of the College Savings Pool. Removes provisions requiring the maintenance of specified records. Modifies defined terms. Makes conforming and other changes. Effective immediately.

Actions 
DateChamber Action
  2/5/2020HouseFiled with the Clerk by Rep. Katie Stuart
  2/5/2020HouseFirst Reading
  2/5/2020HouseReferred to Rules Committee
  2/18/2020HouseAssigned to State Government Administration Committee
  2/26/2020HouseAdded Co-Sponsor Rep. Mike Murphy
  2/26/2020HouseDo Pass / Short Debate State Government Administration Committee; 009-000-000
  2/27/2020HousePlaced on Calendar 2nd Reading - Short Debate
  3/4/2020HouseSecond Reading - Short Debate
  3/4/2020HousePlaced on Calendar Order of 3rd Reading - Short Debate
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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