Date	Chamber	Action
8/6/2021	Senate	Public Act . . . . . . . . . 102-0285

Statutes Amended In Order of Appearance

30 ILCS 235/2

from Ch. 85, par. 902

Synopsis As Introduced
Amends the Public Funds Investment Act. Authorizes public agencies to invest public funds in obligations of corporations organized in the United States with assets exceeding $500,000,000 if, among other requirements, no more than two-thirds (currently, one-third) of the public agency's funds are invested in obligations of corporations. Effective immediately.

Senate Committee Amendment No. 1
Replaces everything after the enacting clause. Amends the Public Funds Investment Act. Provides that no more than one-third of a public agency's funds may be invested in short-term obligations of corporations that mature not later than 270 days (currently, 3 years) from the date of purchase. Provides that no more than one-third of a public agency's funds may be invested in obligations of corporations that mature more than 270 days but less than 3 years from the date of purchase. Effective immediately.

Actions 

Date	Chamber	Action
2/19/2021	Senate	Filed with Secretary by Sen. Donald P. DeWitte
2/19/2021	Senate	First Reading
2/19/2021	Senate	Referred to Assignments
2/24/2021	Senate	Assigned to Local Government
3/16/2021	Senate	Added as Co-Sponsor Sen. Win Stoller
3/16/2021	Senate	Postponed - Local Government
4/16/2021	Senate	Rule 2-10 Committee Deadline Established As April 23, 2021
4/19/2021	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Donald P. DeWitte
4/19/2021	Senate	Senate Committee Amendment No. 1 Referred to Assignments
4/20/2021	Senate	Senate Committee Amendment No. 1 Assignments Refers to Local Government
4/20/2021	Senate	Senate Committee Amendment No. 1 Adopted
4/20/2021	Senate	Do Pass as Amended Local Government; 007-000-000
4/20/2021	Senate	Placed on Calendar Order of 2nd Reading April 21, 2021
4/21/2021	Senate	Second Reading
4/21/2021	Senate	Placed on Calendar Order of 3rd Reading ** April 22, 2021
4/23/2021	Senate	Third Reading - Passed; 058-000-000
4/26/2021	House	Arrived in House
4/27/2021	House	Chief House Sponsor Rep. Marcus C. Evans, Jr.
4/28/2021	House	First Reading
4/28/2021	House	Referred to Rules Committee
5/4/2021	House	Assigned to State Government Administration Committee
5/12/2021	House	Do Pass / Consent Calendar State Government Administration Committee; 008-000-000
5/13/2021	House	Placed on Calendar 2nd Reading - Consent Calendar
5/24/2021	House	Second Reading - Consent Calendar
5/24/2021	House	Held on Calendar Order of Second Reading - Consent Calendar
5/25/2021	House	Placed on Calendar Order of 3rd Reading - Consent Calendar
5/26/2021	House	Third Reading - Consent Calendar - First Day
5/27/2021	House	Third Reading - Consent Calendar - Passed 116-000-000
5/27/2021	Senate	Passed Both Houses
6/25/2021	Senate	Sent to the Governor
8/6/2021	Senate	Governor Approved
8/6/2021	Senate	Effective Date August 6, 2021
8/6/2021	Senate	Public Act . . . . . . . . . 102-0285

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