Illinois Senate Bill 1289 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on August 2 2019 - 100% progression
Action: 2019-08-02 - Public Act . . . . . . . . . 101-0206
Text: Latest bill text (Chaptered) [HTML]

Amends the Deposit of State Moneys Act. Modifies a Section concerning agreements entered into by the State Treasurer with any bank or savings and loan association relating to the deposit of securities. Provides that such agreements may authorize the holding of securities in any bank or a depository trust company in the United States (rather than New York City). Adds to the classes of securities that the State Treasurer may accept as collateral for deposits not insured by an agency of the federal government. Adds to and modifies the investments in which the State Treasurer may invest or reinvest on behalf of the State. Effective immediately.

TREASURER-DEPOSIT OF ST MONEY

Sen. Jacqueline Collins [D]

Sen. Laura Murphy [D]

Rep. Stephanie Kifowit [D]

2019-05-21 - House - Third Reading in House (Y: 114 N: 1 NV: 1 Abs: 0) [PASS]
2019-03-07 - Senate - Third Reading in Senate (Y: 53 N: 0 NV: 6 Abs: 0) [PASS]

Date	Chamber	Action
2019-08-02	Senate	Public Act . . . . . . . . . 101-0206
2019-08-02	Senate	Effective Date August 2, 2019
2019-08-02	Senate	Governor Approved
2019-06-19	Senate	Sent to the Governor
2019-05-21	Senate	Passed Both Houses
2019-05-21	House	Third Reading - Short Debate - Passed 114-001-000
2019-05-14	House	Placed on Calendar Order of 3rd Reading - Short Debate
2019-05-14	House	Second Reading - Short Debate
2019-05-02	House	Placed on Calendar 2nd Reading - Short Debate
2019-05-01	House	Do Pass / Short Debate State Government Administration Committee; 010-000-000
2019-04-09	House	Assigned to State Government Administration Committee
2019-03-14	House	Referred to Rules Committee
2019-03-14	House	First Reading
2019-03-13	House	Chief House Sponsor Rep. Stephanie A. Kifowit
2019-03-07	House	Arrived in House
2019-03-07	Senate	Third Reading - Passed; 053-000-000
2019-02-21	Senate	Placed on Calendar Order of 3rd Reading March 5, 2019
2019-02-21	Senate	Second Reading
2019-02-20	Senate	Placed on Calendar Order of 2nd Reading February 21, 2019
2019-02-20	Senate	Do Pass Financial Institutions; 008-000-000
2019-02-19	Senate	Added as Co-Sponsor Sen. Laura M. Murphy
2019-02-13	Senate	Assigned to Financial Institutions
2019-02-07	Senate	Referred to Assignments
2019-02-07	Senate	First Reading
2019-02-07	Senate	Filed with Secretary by Sen. Jacqueline Y. Collins

Chapter	Article	Section	Citation Type	Statute Text
15	520	10	Amended Code	Citation Text
15	520	11	Amended Code	Citation Text
15	520	22.5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1289&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB1289.htm
Text	https://www.ilga.gov/legislation/101/SB/10100SB1289eng.htm
Text	https://www.ilga.gov/legislation/101/SB/10100SB1289enr.htm
Text	https://www.ilga.gov/legislation/publicacts/101/101-0206.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/101/senate/10100SB1289_03072019_011000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/101/house/10100SB1289_05212019_052000T.pdf