Illinois General Assembly - Bill Status for SB0653
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of SB0653  102nd General Assembly


Short Description:  TREASURER-DEPOSIT OF ST MONEYS

Senate Sponsors
Sen. Robert Peters and Jacqueline Y. Collins

House Sponsors
(Rep. Kambium Buckner)

Last Action
DateChamber Action
  8/6/2021SenatePublic Act . . . . . . . . . 102-0297

Statutes Amended In Order of Appearance
15 ILCS 505/30
15 ILCS 520/1from Ch. 130, par. 20
15 ILCS 520/1.1from Ch. 130, par. 20.1
15 ILCS 520/2from Ch. 130, par. 21
15 ILCS 520/7from Ch. 130, par. 26
15 ILCS 520/8from Ch. 130, par. 27
15 ILCS 520/9from Ch. 130, par. 28
15 ILCS 520/10from Ch. 130, par. 29
15 ILCS 520/11from Ch. 130, par. 30
15 ILCS 520/12from Ch. 130, par. 31
15 ILCS 520/14from Ch. 130, par. 33
15 ILCS 520/15from Ch. 130, par. 34
15 ILCS 520/17from Ch. 130, par. 36
15 ILCS 520/18from Ch. 130, par. 37
15 ILCS 520/19from Ch. 130, par. 38
15 ILCS 520/20from Ch. 130, par. 39
15 ILCS 520/22from Ch. 130, par. 41
15 ILCS 520/22.5from Ch. 130, par. 41a
15 ILCS 520/22.8
15 ILCS 520/23from Ch. 130, par. 42
15 ILCS 520/1.2 rep.
15 ILCS 520/3 rep.
15 ILCS 520/4 rep.
15 ILCS 520/5 rep.
15 ILCS 520/6 rep.
15 ILCS 520/11.1 rep.
15 ILCS 520/13 rep.
15 ILCS 520/16 rep.
30 ILCS 225/1from Ch. 102, par. 34
30 ILCS 225/2from Ch. 102, par. 35
30 ILCS 235/1from Ch. 85, par. 901


Synopsis As Introduced
Amends the Deposit of State Moneys Act. Provides requirements and makes changes concerning financial institutions and depositories throughout the Act. Provides that the Act shall govern the deposit of State moneys for all public funds under the custody or control of the State Treasurer. Repeals specified provisions. Amends the Public Funds Investment Act and the Public Funds Deposit Act. Provides that those Acts do not apply to the Illinois State Treasurer, whose investment of State funds shall be governed by the Deposit of State Moneys Act. Defines terms. Makes conforming and other changes. Effective immediately.

Senate Committee Amendment No. 1
Deletes reference to:
15 ILCS 520/11.1 rep.

Modifies the definition of "financial institution" to include a bank, a savings and loan association, a savings bank, a credit union, a minority depository institution as designated by the Federal Deposit Insurance Corporation, or a community development financial institution certified by the United States Treasury Community Development Financial Institutions Fund, which is operating in the State of Illinois. Restores a repealed provision of the Deposit of State Moneys Act. Makes conforming changes.

Actions 
DateChamber Action
  2/24/2021SenateFiled with Secretary by Sen. Robert Peters
  2/24/2021SenateFirst Reading
  2/24/2021SenateReferred to Assignments
  3/9/2021SenateAssigned to Financial Institutions
  3/25/2021SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Robert Peters
  3/25/2021SenateSenate Committee Amendment No. 1 Referred to Assignments
  4/7/2021SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions
  4/14/2021SenateSenate Committee Amendment No. 1 Adopted
  4/15/2021SenateDo Pass as Amended Financial Institutions; 008-000-000
  4/15/2021SenatePlaced on Calendar Order of 2nd Reading April 20, 2021
  4/20/2021SenateSecond Reading
  4/20/2021SenatePlaced on Calendar Order of 3rd Reading ** April 21, 2021
  4/21/2021SenateAdded as Co-Sponsor Sen. Jacqueline Y. Collins
  4/23/2021SenateThird Reading - Passed; 058-000-000
  4/26/2021HouseArrived in House
  4/26/2021HouseChief House Sponsor Rep. Kambium Buckner
  4/27/2021HouseFirst Reading
  4/27/2021HouseReferred to Rules Committee
  5/4/2021HouseAssigned to State Government Administration Committee
  5/12/2021HouseDo Pass / Consent Calendar State Government Administration Committee; 008-000-000
  5/13/2021HousePlaced on Calendar 2nd Reading - Consent Calendar
  5/24/2021HouseSecond Reading - Consent Calendar
  5/24/2021HouseHeld on Calendar Order of Second Reading - Consent Calendar
  5/25/2021HousePlaced on Calendar Order of 3rd Reading - Consent Calendar
  5/26/2021HouseThird Reading - Consent Calendar - First Day
  5/27/2021HouseThird Reading - Consent Calendar - Passed 116-000-000
  5/27/2021SenatePassed Both Houses
  6/25/2021SenateSent to the Governor
  8/6/2021SenateGovernor Approved
  8/6/2021SenateEffective Date August 6, 2021
  8/6/2021SenatePublic Act . . . . . . . . . 102-0297

Back To Top