Illinois Senate Bill 2864 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 6-0)
Status: Passed on August 19 2016 - 100% progression
Action: 2016-08-19 - Public Act . . . . . . . . . 99-0856
Text: Latest bill text (Chaptered) [HTML]

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.

TREASURER-ST MONEY DEPOSIT ACT

Sen. Jacqueline Collins [D]	Sen. Terry Link [D]	Rep. Al Riley [D]	Rep. Mary Flowers [D]
Rep. LaShawn Ford [D]	Rep. Emanuel Welch [D]

2016-05-31 - Senate - Concurrence in Senate (Y: 58 N: 1 NV: 0 Abs: 0) [PASS]
2016-05-31 - Senate - Concurrence in Senate (Y: 58 N: 1 NV: 0 Abs: 0) [PASS]
2016-05-12 - House - Third Reading in House (Y: 115 N: 0 NV: 0 Abs: 1) [PASS]
2016-04-07 - Senate - Third Reading in Senate (Y: 48 N: 1 NV: 9 Abs: 0) [PASS]

Date	Chamber	Action
2016-08-19	Senate	Public Act . . . . . . . . . 99-0856
2016-08-19	Senate	Effective Date August 19, 2016
2016-08-19	Senate	Governor Approved
2016-06-29	Senate	Sent to the Governor
2016-05-31	Senate	Passed Both Houses
2016-05-31	Senate	Senate Concurs
2016-05-31	Senate	House Floor Amendment No. 3 Senate Concurs 058-001-000
2016-05-31	Senate	House Committee Amendment No. 1 Senate Concurs 058-001-000
2016-05-26	Senate	House Floor Amendment No. 3 Motion To Concur Recommended Do Adopt Financial Institutions; 007-000-000
2016-05-26	Senate	House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Financial Institutions; 007-000-000
2016-05-24	Senate	House Floor Amendment No. 3 Motion to Concur Assignments Referred to Financial Institutions
2016-05-24	Senate	House Committee Amendment No. 1 Motion to Concur Assignments Referred to Financial Institutions
2016-05-13	Senate	House Floor Amendment No. 3 Motion to Concur Referred to Assignments
2016-05-13	Senate	House Floor Amendment No. 3 Motion to Concur Filed with Secretary Sen. Jacqueline Y. Collins
2016-05-13	Senate	House Committee Amendment No. 1 Motion to Concur Referred to Assignments
2016-05-13	Senate	House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Jacqueline Y. Collins
2016-05-12	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 1, 3 - May 17, 2016
2016-05-12	Senate	Secretary's Desk - Concurrence House Amendment(s) 1, 3
2016-05-12	House	Added Alternate Chief Co-Sponsor Rep. Emanuel Chris Welch
2016-05-12	House	Added Alternate Chief Co-Sponsor Rep. La Shawn K. Ford
2016-05-12	House	Added Alternate Chief Co-Sponsor Rep. Mary E. Flowers
2016-05-12	House	Third Reading - Short Debate - Passed 115-000-000
2016-05-12	House	Placed on Calendar Order of 3rd Reading - Short Debate
2016-05-12	House	House Floor Amendment No. 3 Adopted
2016-05-12	House	Recalled to Second Reading - Short Debate
2016-05-12	House	House Floor Amendment No. 3 Recommends Be Adopted Revenue & Finance Committee; 013-000-000
2016-05-11	House	House Floor Amendment No. 3 Rules Refers to Revenue & Finance Committee
2016-05-10	House	Placed on Calendar Order of 3rd Reading - Short Debate
2016-05-10	House	Second Reading - Short Debate
2016-05-09	House	House Floor Amendment No. 3 Referred to Rules Committee
2016-05-09	House	House Floor Amendment No. 3 Filed with Clerk by Rep. Al Riley
2016-05-05	House	Placed on Calendar 2nd Reading - Short Debate
2016-05-05	House	House Committee Amendment No. 2 Tabled Pursuant to Rule 40
2016-05-05	House	Do Pass as Amended / Short Debate Revenue & Finance Committee; 010-000-000
2016-05-05	House	House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
2016-05-05	House	Remains in Revenue & Finance Committee
2016-05-05	House	Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000
2016-04-28	House	House Committee Amendment No. 2 Referred to Rules Committee
2016-04-28	House	House Committee Amendment No. 2 Filed with Clerk by Rep. Al Riley
2016-04-27	House	To Finance Subcommittee
2016-04-19	House	House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2016-04-18	House	House Committee Amendment No. 1 Referred to Rules Committee
2016-04-18	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Al Riley
2016-04-18	House	Assigned to Revenue & Finance Committee
2016-04-12	House	Referred to Rules Committee
2016-04-12	House	First Reading
2016-04-08	House	Chief House Sponsor Rep. Al Riley
2016-04-07	House	Arrived in House
2016-04-07	Senate	Third Reading - Passed; 048-001-000
2016-03-10	Senate	Placed on Calendar Order of 3rd Reading March 16, 2016
2016-03-10	Senate	Second Reading
2016-03-09	Senate	Placed on Calendar Order of 2nd Reading March 10, 2016
2016-03-09	Senate	Do Pass Financial Institutions; 009-000-000
2016-03-09	Senate	Added as Co-Sponsor Sen. Terry Link
2016-03-02	Senate	Assigned to Financial Institutions
2016-02-17	Senate	Referred to Assignments
2016-02-17	Senate	First Reading
2016-02-17	Senate	Filed with Secretary by Sen. Jacqueline Y. Collins

Chapter	Article	Section	Citation Type	Statute Text
15	520	18	Amended Code	Citation Text
15	520	22.5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2864&GAID=13&DocTypeID=SB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/SB/09900SB2864.htm
Text	https://www.ilga.gov/legislation/99/SB/09900SB2864eng.htm
Text	https://www.ilga.gov/legislation/99/SB/09900SB2864enr.htm
Text	https://www.ilga.gov/legislation/publicacts/99/099-0856.htm
Amendment	https://www.ilga.gov/legislation/99/SB/09900SB2864ham001.htm
Amendment	https://www.ilga.gov/legislation/99/SB/09900SB2864ham002.htm
Amendment	https://www.ilga.gov/legislation/99/SB/09900SB2864ham003.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/99/senate/09900SB2864_04072016_001000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/99/house/09900SB2864_05122016_007000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/99/senate/09900SB2864_05312016_034001C.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/99/senate/09900SB2864_05312016_034000C.pdf