Date	Chamber	Action
1/10/2017	Senate	Session Sine Die

Statutes Amended In Order of Appearance

15 ILCS 520/6.1 new

30 ILCS 235/2

from Ch. 85, par. 902

30 ILCS 235/6.1 new

Synopsis As Introduced
Amends the Deposit of State Moneys Act. Provides that nothing in the Act shall be construed as prohibiting a bank, savings bank, or credit union from submitting a proposal to the State Treasurer on the basis that it does not offer a product or service in this State, unless a specific requirement is noted in the public solicitation that is related to the product or service being solicited. Provides that the amendatory Act is not intended to limit the State Treasurer's discretion in the selection of a bank, savings bank, or credit union, as provided in the Act. Amends the Public Funds Investment Act to make a similar change concerning the submission of proposals to a public agency. Provides that any public agency may invest any public funds in obligations (currently, short term obligations) of corporations organized in the United States with assets exceeding $500,000,000 if such obligations mature not later than 3 years (currently, 270 days) from the date of purchase, in addition to other criteria. Effective immediately.

Actions 

Date	Chamber	Action
2/19/2016	Senate	Filed with Secretary by Sen. Karen McConnaughay
2/19/2016	Senate	First Reading
2/19/2016	Senate	Referred to Assignments
3/8/2016	Senate	Assigned to Financial Institutions
4/6/2016	Senate	Do Pass Financial Institutions; 008-000-000
4/6/2016	Senate	Placed on Calendar Order of 2nd Reading April 7, 2016
4/19/2016	Senate	Second Reading
4/19/2016	Senate	Placed on Calendar Order of 3rd Reading April 20, 2016
4/21/2016	Senate	Third Reading - Passed; 056-000-000
4/21/2016	House	Arrived in House
4/21/2016	House	Chief House Sponsor Rep. Robert Martwick
4/21/2016	House	First Reading
4/21/2016	House	Referred to Rules Committee
1/10/2017	Senate	Session Sine Die

Back To Top