Bill Status of SB 536   103rd General Assembly

Short Description:  FINANCE-TECH

Senate Sponsors
Sen. Laura Ellman

House Sponsors
(Rep. Terra Costa Howard, Maura Hirschauer, Diane Blair-Sherlock, Jenn Ladisch Douglass, Nicole La Ha and Jennifer Sanalitro)


Last Action  View All Actions

DateChamber Action
  8/9/2024SenatePublic Act . . . . . . . . . 103-0880

Statutes Amended In Order of Appearance
30 ILCS 115/0.1from Ch. 85, par. 610

Synopsis As Introduced
Amends the State Revenue Sharing Act. Makes a technical change in a Section concerning the short title.

Senate Floor Amendment No. 1
Deletes reference to:
30 ILCS 115/0.1from Ch. 85, par. 610
Adds reference to:
30 ILCS 235/2from Ch. 85, par. 902

Replaces everything after the enacting clause. Amends the Public Funds Investment Act. Provides that a public agency may adopt an ordinance or resolution to allow for investment of public funds in instruments that are not specifically listed as authorized investments if those investments comply with (i) any other law that authorizes public agencies to invest funds and (ii) the investment policy adopted by the public agency.

Senate Floor Amendment No. 2
Makes changes to the bill as amended by Senate Amendment No. 1 to further amend the Public Funds Investment Act. Provides that a public agency may invest public funds in obligations of certain corporations organized in the United States if those obligations mature more than 270 days but less than 10 years (currently, 3 years) from the date of purchase.

Actions 
DateChamber Action
  2/2/2023SenateFiled with Secretary by Sen. Don Harmon
  2/2/2023SenateFirst Reading
  2/2/2023SenateReferred to Assignments
  3/2/2023SenateAssigned to Executive
  3/9/2023SenateDo Pass Executive; 011-000-000
  3/9/2023SenatePlaced on Calendar Order of 2nd Reading March 10, 2023
  3/10/2023SenateSecond Reading
  3/10/2023SenatePlaced on Calendar Order of 3rd Reading March 21, 2023
  3/31/2023SenateRule 3-9(a) / Re-referred to Assignments
  3/20/2024SenateApproved for Consideration Assignments
  3/20/2024SenatePlaced on Calendar Order of 3rd Reading March 21, 2024
  4/5/2024SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Laura Ellman
  4/5/2024SenateSenate Floor Amendment No. 1 Referred to Assignments
  4/9/2024SenateSenate Floor Amendment No. 1 Assignments Refers to State Government
  4/9/2024SenateChief Sponsor Changed to Sen. Laura Ellman
  4/10/2024SenateSenate Floor Amendment No. 1 Recommend Do Adopt State Government; 008-000-000
  4/11/2024SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Laura Ellman
  4/11/2024SenateSenate Floor Amendment No. 2 Referred to Assignments
  4/12/2024SenateRule 2-10 Third Reading Deadline Established As April 19, 2024
  4/16/2024SenateSenate Floor Amendment No. 2 Assignments Refers to State Government
  4/18/2024SenateSenate Floor Amendment No. 2 Recommend Do Adopt State Government; 008-000-000
  4/18/2024SenateRecalled to Second Reading
  4/18/2024SenateSenate Floor Amendment No. 1 Adopted
  4/18/2024SenateSenate Floor Amendment No. 2 Adopted
  4/18/2024SenatePlaced on Calendar Order of 3rd Reading
  4/18/2024SenateThird Reading - Passed; 057-000-000
  4/18/2024HouseArrived in House
  4/18/2024HouseChief House Sponsor Rep. Emanuel "Chris" Welch
  4/18/2024HouseFirst Reading
  4/18/2024HouseReferred to Rules Committee
  5/2/2024HouseAlternate Chief Sponsor Changed to Rep. Terra Costa Howard
  5/3/2024HouseAssigned to Executive Committee
  5/3/2024HouseCommittee/Final Action Deadline Extended-9(b) May 24, 2024
  5/15/2024HouseAdded Alternate Co-Sponsor Rep. Maura Hirschauer
  5/15/2024HouseAdded Alternate Co-Sponsor Rep. Diane Blair-Sherlock
  5/15/2024HouseAdded Alternate Co-Sponsor Rep. Jenn Ladisch Douglass
  5/15/2024HouseDo Pass / Short Debate Executive Committee; 012-000-000
  5/15/2024HousePlaced on Calendar 2nd Reading - Short Debate
  5/16/2024HouseSecond Reading - Short Debate
  5/16/2024HouseHeld on Calendar Order of Second Reading - Short Debate
  5/23/2024HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/23/2024HouseThird Reading - Short Debate - Passed 111-000-000
  5/23/2024SenatePassed Both Houses
  5/23/2024HouseAdded Alternate Co-Sponsor Rep. Nicole La Ha
  5/23/2024HouseAdded Alternate Co-Sponsor Rep. Jennifer Sanalitro
  6/21/2024SenateSent to the Governor
  8/9/2024SenateGovernor Approved
  8/9/2024SenateEffective Date January 1, 2025
  8/9/2024SenatePublic Act . . . . . . . . . 103-0880

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