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 Bill Status of SB2486  100th General Assembly


Short Description:  PUBLIC FUNDS-CORPORATIONS

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

Hearings
Local Government Hearing Feb 28 2018 9:00AM Capitol 409 Springfield, IL


Last Action
DateChamber Action
  2/21/2018SenatePostponed - Local Government

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
  1/31/2018SenateFiled with Secretary by Sen. Emil Jones, III
  1/31/2018SenateFirst Reading
  1/31/2018SenateReferred to Assignments
  2/5/2018SenateAdded as Chief Co-Sponsor Sen. Linda Holmes
  2/7/2018SenateAssigned to Local Government
  2/14/2018SenatePostponed - Local Government
  2/21/2018SenatePostponed - Local Government
  2/21/2018SenateAdded as Chief Co-Sponsor Sen. Karen McConnaughay

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