Bill Status of HB 2636   99th General Assembly


Short Description:  STATE MONEYS-FORMS

House Sponsors
Rep. Ron Sandack and Robert W. Pritchard

Senate Sponsors
(Sen. Karen McConnaughay)


Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 520/5from Ch. 130, par. 24
15 ILCS 520/16.3
15 ILCS 520/22.5from 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 520/5from Ch. 130, par. 24
15 ILCS 520/16.3
15 ILCS 520/22.5from 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 235/2from 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 
DateChamber Action
  2/19/2015HouseFiled with the Clerk by Rep. Ron Sandack
  2/19/2015HouseFirst Reading
  2/19/2015HouseReferred to Rules Committee
  3/2/2015HouseAssigned to Consumer Protection Committee
  3/23/2015HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Ron Sandack
  3/23/2015HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/24/2015HouseHouse Committee Amendment No. 1 Rules Refers to Consumer Protection Committee
  3/24/2015HouseHouse Committee Amendment No. 1 Adopted in Consumer Protection Committee; by Voice Vote
  3/24/2015HouseDo Pass as Amended / Short Debate Consumer Protection Committee; 015-000-000
  3/25/2015HousePlaced on Calendar 2nd Reading - Short Debate
  4/20/2015HouseSecond Reading - Short Debate
  4/20/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/21/2015HouseThird Reading - Short Debate - Passed 106-004-003
  4/22/2015SenateArrive in Senate
  4/22/2015SenatePlaced on Calendar Order of First Reading
  4/22/2015SenateChief Senate Sponsor Sen. Karen McConnaughay
  4/22/2015SenateFirst Reading
  4/22/2015SenateReferred to Assignments
  4/29/2015SenateApproved for Consideration Assignments
  4/29/2015SenatePlaced on Calendar Order of 2nd Reading April 30, 2015
  5/14/2015SenateSecond Reading
  5/14/2015SenatePlaced on Calendar Order of 3rd Reading May 18, 2015
  5/20/2015SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Karen McConnaughay
  5/20/2015SenateSenate Floor Amendment No. 1 Referred to Assignments
  5/20/2015SenateSenate Floor Amendment No. 1 Assignments Refers to Local Government
  5/21/2015SenateSenate Floor Amendment No. 1 Recommend Do Adopt Local Government; 006-000-000
  5/22/2015SenateRule 2-10 Third Reading Deadline Established As May 31, 2015
  5/31/2015SenateRecalled to Second Reading
  5/31/2015SenateSenate Floor Amendment No. 1 Adopted; Mcconnaughay
  5/31/2015SenatePlaced on Calendar Order of 3rd Reading
  5/31/2015SenateThird Reading - Passed; 050-000-000
  6/4/2015HouseArrived in House
  6/4/2015HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
  7/31/2015HouseFinal Action Deadline Extended-9(b) August 31, 2015
  8/4/2015HouseSenate Floor Amendment No. 1 Motion Filed Concur Rep. Ron Sandack
  8/4/2015HouseSenate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
  8/31/2015HouseFinal Action Deadline Extended-9(b) September 30, 2015
  9/30/2015HouseRule 19(a) / Re-referred to Rules Committee
  2/25/2016HouseAdded Co-Sponsor Rep. Robert W. Pritchard
  1/10/2017HouseSession Sine Die

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