Bill Title: 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.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Passed) 2016-08-19 - Public Act . . . . . . . . . 99-0856 [SB2864 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2016-08-22	HTML/Text	Link	View
Enrolled	2016-06-06	HTML/Text	Link	View
Engrossed	2016-04-07	HTML/Text	Link	View
Introduced	2016-02-17	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 003	2016-05-09	Proposed	HTML/Text	Link	View
House Amendment 002	2016-04-28	Proposed	HTML/Text	Link	View
House Amendment 001	2016-04-18	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2864 currently on file.

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