Date	Chamber	Action
7/14/2011	House	Public Act . . . . . . . . . 97-0129

Statutes Amended In Order of Appearance

55 ILCS 5/3-10009

from Ch. 34, par. 3-10009

55 ILCS 5/3-11002

from Ch. 34, par. 3-11002

55 ILCS 5/3-11003

from Ch. 34, par. 3-11003

55 ILCS 5/3-11004

from Ch. 34, par. 3-11004

55 ILCS 5/3-11006

from Ch. 34, par. 3-11006

55 ILCS 5/3-11007

from Ch. 34, par. 3-11007

55 ILCS 5/3-11009

from Ch. 34, par. 3-11009

55 ILCS 5/3-11010

from Ch. 34, par. 3-11010

55 ILCS 5/3-11011

from Ch. 34, par. 3-11011

55 ILCS 5/3-11013

from Ch. 34, par. 3-11013

55 ILCS 5/3-11018

from Ch. 34, par. 3-11018

Synopsis As Introduced
Amends the Counties Code. Changes numerous Sections to provide that a county may deposit public funds into credit unions (currently, only banks or savings and loan associations). Further provides that county moneys may be invested in dividend-bearing share accounts, share certificate accounts, or class of share accounts of a credit union, provided the accounts of that credit union are insured and the credit union's principal office is located within the State of Illinois. Effective immediately.

House Committee Amendment No. 1

	Adds reference to:
	30 ILCS 235/2	from Ch. 85, par. 902

Replaces everything after the enacting clause. Amends the Public Funds Investment Act. Provides that a county, in addition to a municipality, may invest its public funds in interest bearing bonds of any county, township, city, village, incorporated town, municipal corporation, or school district, whether the interest earned thereon is taxable or tax-exempt under federal law. Amends the Counties Code. Changes numerous Sections to provide that a county may deposit public funds into savings banks or credit unions (currently, only banks or savings and loan associations). Further provides that county moneys may be invested in dividend-bearing share accounts, share certificate accounts, or class of share accounts of a credit union, provided the accounts of that credit union are insured and the credit union's principal office is located within the State of Illinois. Requires that in addition to any other investments or deposits authorized under the Counties Code, counties are authorized to invest funds and public moneys in the custody of the county treasurer in accordance with the Public Funds Investment Act and all counties are authorized to invest county moneys in accordance with the Act. Effective immediately.

Actions 

Date	Chamber	Action
2/18/2011	House	Filed with the Clerk by Rep. Emily McAsey
2/22/2011	House	First Reading
2/22/2011	House	Referred to Rules Committee
2/24/2011	House	Assigned to Counties & Townships Committee
3/8/2011	House	Added Chief Co-Sponsor Rep. Lisa M. Dugan
3/9/2011	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Emily McAsey
3/9/2011	House	House Committee Amendment No. 1 Referred to Rules Committee
3/9/2011	House	House Committee Amendment No. 1 Rules Refers to Counties & Townships Committee
3/10/2011	House	House Committee Amendment No. 1 Adopted in Counties & Townships Committee; by Voice Vote
3/10/2011	House	Do Pass as Amended / Short Debate Counties & Townships Committee; 005-000-000
3/10/2011	House	Placed on Calendar 2nd Reading - Short Debate
3/15/2011	House	Added Chief Co-Sponsor Rep. Marlow H. Colvin
3/17/2011	House	Second Reading - Short Debate
3/17/2011	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/5/2011	House	Third Reading - Short Debate - Passed 080-023-000
4/5/2011	House	Added Co-Sponsor Rep. Karen A. Yarbrough
4/6/2011	Senate	Arrive in Senate
4/6/2011	Senate	Placed on Calendar Order of First Reading
4/6/2011	Senate	Chief Senate Sponsor Sen. A. J. Wilhelmi
4/6/2011	Senate	Added as Alternate Co-Sponsor Sen. Sue Rezin
4/7/2011	Senate	First Reading
4/7/2011	Senate	Referred to Assignments
4/27/2011	Senate	Assigned to Local Government
5/6/2011	Senate	Do Pass Local Government; 008-000-000
5/6/2011	Senate	Placed on Calendar Order of 2nd Reading May 10, 2011
5/12/2011	Senate	Second Reading
5/12/2011	Senate	Placed on Calendar Order of 3rd Reading May 13, 2011
5/17/2011	Senate	Third Reading - Passed; 057-000-000
5/17/2011	House	Passed Both Houses
6/15/2011	House	Sent to the Governor
7/14/2011	House	Governor Approved
7/14/2011	House	Effective Date July 14, 2011
7/14/2011	House	Public Act . . . . . . . . . 97-0129

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