Illinois General Assembly - Bill Status for SB2486
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 Bill Status of SB2486  100th General Assembly


Senate Sponsors
Sen. Emil Jones, III - Linda Holmes - Karen McConnaughay

House Sponsors
(Rep. Michael J. Zalewski)

Last Action
DateChamber Action
  1/9/2019SenateSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 235/2from Ch. 85, par. 902

Synopsis As Introduced
Amends the Public Funds Investment Act. 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.

DateChamber Action
  1/31/2018SenateFiled with Secretary by Sen. Emil Jones, III
  1/31/2018SenateFirst Reading
  1/31/2018SenateReferred to Assignments
  2/5/2018SenateAdded as Chief Co-Sponsor Sen. Linda Holmes
  2/7/2018SenateAssigned to Local Government
  2/14/2018SenatePostponed - Local Government
  2/21/2018SenatePostponed - Local Government
  2/21/2018SenateAdded as Chief Co-Sponsor Sen. Karen McConnaughay
  2/28/2018SenateDo Pass Local Government; 008-000-000
  2/28/2018SenatePlaced on Calendar Order of 2nd Reading March 1, 2018
  4/17/2018SenateSecond Reading
  4/17/2018SenatePlaced on Calendar Order of 3rd Reading April 18, 2018
  4/19/2018SenateThird Reading - Passed; 055-000-000
  4/19/2018HouseArrived in House
  4/19/2018HouseChief House Sponsor Rep. Michael J. Zalewski
  4/19/2018HouseFirst Reading
  4/19/2018HouseReferred to Rules Committee
  1/9/2019SenateSession Sine Die

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