Illinois General Assembly - Bill Status for SB1673
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 Bill Status of SB1673  95th General Assembly


Short Description:  STATE MONEY-DEPOSIT-CRED UNION

Senate Sponsors
Sen. Jacqueline Y. Collins

Last Action
DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 520/7from Ch. 130, par. 26


Synopsis As Introduced
Amends the Deposit of State Moneys Act. Provides that the Treasurer may accept a proposal from an eligible institution that provides a reduced rate of interest if the institution agrees to expend an amount equal to the reduction for financial literacy programs for persons who reside in investment areas, as defined by federal law, and identified by the U.S. Department of the Treasury, in counties having a population of 3,000,000 or more. Provides that the proposal and acceptance shall be contained in an agreement between the State Treasurer, the institution, and a third party, if applicable, and the agreement shall restrict the use of the funds to the prospective delivery of the foregoing products, services, and programs. Effective immediately.

Actions 
DateChamber Action
  2/9/2007SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  2/9/2007SenateFirst Reading
  2/9/2007SenateReferred to Rules
  2/21/2007SenateAssigned to Financial Institutions
  3/16/2007SenateRule 3-9(a) / Re-referred to Rules
  1/13/2009SenateSession Sine Die

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