Illinois General Assembly - Bill Status for HB4962
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 Bill Status of HB4962  102nd General Assembly


Short Description:  PUBLIC FUNDS-AUTH INVESTMENTS

House Sponsors
Rep. Kelly M. Burke

Last Action
DateChamber Action
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee

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 addition to other investments, in pooled life settlement policies in which each of the underlying insurance policies have no greater than 60-day liquidity and are issued by insurance companies of A-grade investment quality. Provides further requirements concerning the investment of public funds in specified pooled life settlement policies.

Actions 
DateChamber Action
  1/26/2022HouseFiled with the Clerk by Rep. Kelly M. Burke
  1/27/2022HouseFirst Reading
  1/27/2022HouseReferred to Rules Committee
  2/9/2022HouseAssigned to Revenue & Finance Committee
  2/15/2022HouseTo Sales, Amusement, & Other Taxes Subcommittee
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee

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