Bill Status of HB 5746   99th General Assembly

Short Description:  TREASURER-ST MONEY DEPOSIT ACT

House Sponsors
Rep. Al Riley

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 520/18from Ch. 130, par. 37
15 ILCS 520/22.5from Ch. 130, par. 41a

Synopsis As Introduced
Amends the Deposit of State Moneys Act. Allows the State Treasurer to satisfy the requirement to make a monthly report to the Governor with a copy for public inspection by posting the monthly report on the Treasurer's official Internet website. Allows the Treasurer to, with the approval of the Governor, invest or reinvest (regardless of whether it is at a price exceeding par) any State money in the treasury that is not needed for current expenditures due or about to become due, or any money in the State Treasury that has been set aside. Provides that the Treasurer may, with the approval of the Governor, invest or reinvest any State money in the treasury that is not needed for current expenditures due or about to become due, or any money in the State Treasury that has been set aside, in obligations (currently, short-term obligations) of either corporations or limited liability companies organized in the United States, that have significant presence in this State, with assets exceeding $500,000,000 if, among other requirements, the obligations are rated at the time of purchase at one of the 3 highest classifications established by at least 2 standard rating services and mature not later than 5 years (currently, 270 days) from the date of purchase. Effective immediately.

Actions 
DateChamber Action
  2/10/2016HouseFiled with the Clerk by Rep. Al Riley
  2/10/2016HouseFirst Reading
  2/10/2016HouseReferred to Rules Committee
  3/23/2016HouseAssigned to Revenue & Finance Committee
  3/29/2016HouseTo Finance Subcommittee
  4/6/2016HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 004-000-000
  4/6/2016HouseRemains in Revenue & Finance Committee
  4/6/2016HouseDo Pass / Short Debate Revenue & Finance Committee; 013-000-000
  4/6/2016HousePlaced on Calendar 2nd Reading - Short Debate
  4/15/2016HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Al Riley
  4/15/2016HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/15/2016HouseHouse Floor Amendment No. 1 Rules Refers to Revenue & Finance Committee
  4/15/2016HouseSecond Reading - Short Debate
  4/15/2016HouseHeld on Calendar Order of Second Reading - Short Debate
  4/22/2016HouseHouse Floor Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
  4/22/2016HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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