Bill Status of HB 2699   96th General Assembly

Short Description:  STATE FUNDS-DEPOSIT-MORTGAGES

House Sponsors
Rep. Robert W. Pritchard-Elizabeth Coulson-Mike Fortner-Michael W. Tryon-Richard P. Myers, Michael G. Connelly, Keith Farnham, William B. Black and Angelo Saviano

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 520/16.4 new

Synopsis As Introduced
Amends the Deposit of State Moneys Act. Requires the State Treasurer to implement and administer, by rule, a program requiring financial institutions to make mortgage loans on residential property in order for that financial institution to be eligible for investment of State funds in that financial institution. Requires the rules to contain provisions concerning not rejecting residential mortgage loans because of the location of the property, minimum assets to be invested in residential mortgage loans, minimum annual new residential mortgage loans, and reporting and auditing. Requires the Treasurer to report annually to the General Assembly. Effective immediately.

Actions 
DateChamber Action
  2/23/2009HouseFiled with the Clerk by Rep. Robert W. Pritchard
  2/23/2009HouseChief Co-Sponsor Rep. Elizabeth Coulson
  2/23/2009HouseChief Co-Sponsor Rep. Mike Fortner
  2/23/2009HouseChief Co-Sponsor Rep. Michael W. Tryon
  2/23/2009HouseChief Co-Sponsor Rep. Richard P. Myers
  2/24/2009HouseAdded Co-Sponsor Rep. Michael G. Connelly
  2/24/2009HouseFirst Reading
  2/24/2009HouseReferred to Rules Committee
  2/25/2009HouseAdded Co-Sponsor Rep. Keith Farnham
  3/3/2009HouseAssigned to State Government Administration Committee
  3/11/2009HouseAdded Co-Sponsor Rep. William B. Black
  3/11/2009HouseAdded Co-Sponsor Rep. Angelo Saviano
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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