Illinois General Assembly - Bill Status for HB2636

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Bill Status of HB2636 99th General Assembly

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Short Description: STATE MONEYS-FORMS

House Sponsors
Rep. Ron Sandack and Robert W. Pritchard

Senate Sponsors
(Sen. Karen McConnaughay)

Last Action

Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

15 ILCS 520/5

from Ch. 130, par. 24

15 ILCS 520/16.3

15 ILCS 520/22.5

from Ch. 130, par. 41a

30 ILCS 235/8

Synopsis As Introduced
Amends the Deposit of State Moneys Act. Makes various changes throughout the Act providing that nothing shall be construed as requiring a financial institution to provide a product or service in this State that the financial institution does not otherwise provide in this State. Makes a similar change in the Public Funds Investment Act. Effective immediately.

House Committee Amendment No. 1

	Deletes reference to:
	15 ILCS 520/5	from Ch. 130, par. 24

15 ILCS 520/16.3

15 ILCS 520/22.5

from Ch. 130, par. 41a

30 ILCS 235/8

	Adds reference to:
	15 ILCS 520/6.1 new

30 ILCS 235/6.1 new

Replaces everything after the enacting clause. Amends the Deposit of State Moneys Act. Provides that nothing in the Act shall be construed as prohibiting a bank, savings bank, or credit union from submitting a proposal to the State Treasurer on the basis that it does not offer a product or service in this State, unless a specific requirement is noted in the public solicitation that is related to the product or service being solicited. Provides that the amendatory Act is not intended to limit the State Treasurer's discretion in the selection of a bank, savings bank, or credit union, as provided in the Act. Makes a similar change in the Public Funds Investment Act concerning the submission of proposals to a public agency. Effective immediately.

Senate Floor Amendment No. 1

	Adds reference to:
	30 ILCS 235/2	from Ch. 85, par. 902

Further 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.

Actions

Date	Chamber	Action
2/19/2015	House	Filed with the Clerk by Rep. Ron Sandack
2/19/2015	House	First Reading
2/19/2015	House	Referred to Rules Committee
3/2/2015	House	Assigned to Consumer Protection Committee
3/23/2015	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Ron Sandack
3/23/2015	House	House Committee Amendment No. 1 Referred to Rules Committee
3/24/2015	House	House Committee Amendment No. 1 Rules Refers to Consumer Protection Committee
3/24/2015	House	House Committee Amendment No. 1 Adopted in Consumer Protection Committee; by Voice Vote
3/24/2015	House	Do Pass as Amended / Short Debate Consumer Protection Committee; 015-000-000
3/25/2015	House	Placed on Calendar 2nd Reading - Short Debate
4/20/2015	House	Second Reading - Short Debate
4/20/2015	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/21/2015	House	Third Reading - Short Debate - Passed 106-004-003
4/22/2015	Senate	Arrive in Senate
4/22/2015	Senate	Placed on Calendar Order of First Reading
4/22/2015	Senate	Chief Senate Sponsor Sen. Karen McConnaughay
4/22/2015	Senate	First Reading
4/22/2015	Senate	Referred to Assignments
4/29/2015	Senate	Approved for Consideration Assignments
4/29/2015	Senate	Placed on Calendar Order of 2nd Reading April 30, 2015
5/14/2015	Senate	Second Reading
5/14/2015	Senate	Placed on Calendar Order of 3rd Reading May 18, 2015
5/20/2015	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Karen McConnaughay
5/20/2015	Senate	Senate Floor Amendment No. 1 Referred to Assignments
5/20/2015	Senate	Senate Floor Amendment No. 1 Assignments Refers to Local Government
5/21/2015	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Local Government; 006-000-000
5/22/2015	Senate	Rule 2-10 Third Reading Deadline Established As May 31, 2015
5/31/2015	Senate	Recalled to Second Reading
5/31/2015	Senate	Senate Floor Amendment No. 1 Adopted; Mcconnaughay
5/31/2015	Senate	Placed on Calendar Order of 3rd Reading
5/31/2015	Senate	Third Reading - Passed; 050-000-000
6/4/2015	House	Arrived in House
6/4/2015	House	Placed on Calendar Order of Concurrence Senate Amendment(s) 1
7/31/2015	House	Final Action Deadline Extended-9(b) August 31, 2015
8/4/2015	House	Senate Floor Amendment No. 1 Motion Filed Concur Rep. Ron Sandack
8/4/2015	House	Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
8/31/2015	House	Final Action Deadline Extended-9(b) September 30, 2015
9/30/2015	House	Rule 19(a) / Re-referred to Rules Committee
2/25/2016	House	Added Co-Sponsor Rep. Robert W. Pritchard
1/10/2017	House	Session Sine Die

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