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 Bill Status of HB4573  100th General Assembly


Short Description:  PUBLIC FUNDS-CORPORATIONS

House Sponsors
Rep. Michael J. Zalewski

Hearings
Cities & Villages Committee Hearing Feb 27 2018 4:00PM Stratton Building Room C-1 Springfield, IL


Last Action
DateChamber Action
  2/21/2018HouseAssigned to Cities & Villages Committee

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

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