Illinois General Assembly - Bill Status for HB4573
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 Bill Status of HB4573  100th General Assembly


Short Description:  PUBLIC FUNDS-CORPORATIONS

House Sponsors
Rep. Michael J. Zalewski

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

Last Action
DateChamber Action
  8/10/2018HousePublic Act . . . . . . . . . 100-0752

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.

Actions 
DateChamber Action
  2/6/2018HouseFiled with the Clerk by Rep. Michael J. Zalewski
  2/6/2018HouseFirst Reading
  2/6/2018HouseReferred to Rules Committee
  2/21/2018HouseAssigned to Cities & Villages Committee
  2/27/2018HouseDo Pass / Short Debate Cities & Villages Committee; 012-000-000
  2/28/2018HousePlaced on Calendar 2nd Reading - Short Debate
  3/1/2018HouseSecond Reading - Short Debate
  3/1/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/7/2018HouseThird Reading - Short Debate - Passed 095-009-000
  3/9/2018SenateArrive in Senate
  3/9/2018SenatePlaced on Calendar Order of First Reading March 13, 2018
  4/4/2018SenateChief Senate Sponsor Sen. Emil Jones, III
  4/4/2018SenateFirst Reading
  4/4/2018SenateReferred to Assignments
  4/25/2018SenateAssigned to Local Government
  5/1/2018SenateAdded as Alternate Chief Co-Sponsor Sen. Karen McConnaughay
  5/2/2018SenateDo Pass Local Government; 005-000-000
  5/2/2018SenatePlaced on Calendar Order of 2nd Reading May 3, 2018
  5/2/2018SenateAdded as Alternate Chief Co-Sponsor Sen. Linda Holmes
  5/23/2018SenateSecond Reading
  5/23/2018SenatePlaced on Calendar Order of 3rd Reading May 24, 2018
  5/25/2018SenateRule 2-10 Third Reading Deadline Established As May 31, 2018
  5/29/2018SenateThird Reading - Passed; 057-000-000
  5/29/2018HousePassed Both Houses
  6/27/2018HouseSent to the Governor
  8/10/2018HouseGovernor Approved
  8/10/2018HouseEffective Date August 10, 2018
  8/10/2018HousePublic Act . . . . . . . . . 100-0752

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