Illinois General Assembly - Bill Status for SB1289
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 Bill Status of SB1289  101st General Assembly


Senate Sponsors
Sen. Jacqueline Y. Collins and Laura M. Murphy

House Sponsors
(Rep. Stephanie A. Kifowit)

Last Action
DateChamber Action
  8/2/2019SenatePublic Act . . . . . . . . . 101-0206

Statutes Amended In Order of Appearance
15 ILCS 520/10from Ch. 130, par. 29
15 ILCS 520/11from Ch. 130, par. 30
15 ILCS 520/22.5from Ch. 130, par. 41a

Synopsis As Introduced
Amends the Deposit of State Moneys Act. Modifies a Section concerning agreements entered into by the State Treasurer with any bank or savings and loan association relating to the deposit of securities. Provides that such agreements may authorize the holding of securities in any bank or a depository trust company in the United States (rather than New York City). Adds to the classes of securities that the State Treasurer may accept as collateral for deposits not insured by an agency of the federal government. Adds to and modifies the investments in which the State Treasurer may invest or reinvest on behalf of the State. Effective immediately.

DateChamber Action
  2/7/2019SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  2/7/2019SenateFirst Reading
  2/7/2019SenateReferred to Assignments
  2/13/2019SenateAssigned to Financial Institutions
  2/19/2019SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  2/20/2019SenateDo Pass Financial Institutions; 008-000-000
  2/20/2019SenatePlaced on Calendar Order of 2nd Reading February 21, 2019
  2/21/2019SenateSecond Reading
  2/21/2019SenatePlaced on Calendar Order of 3rd Reading March 5, 2019
  3/7/2019SenateThird Reading - Passed; 053-000-000
  3/7/2019HouseArrived in House
  3/13/2019HouseChief House Sponsor Rep. Stephanie A. Kifowit
  3/14/2019HouseFirst Reading
  3/14/2019HouseReferred to Rules Committee
  4/9/2019HouseAssigned to State Government Administration Committee
  5/1/2019HouseDo Pass / Short Debate State Government Administration Committee; 010-000-000
  5/2/2019HousePlaced on Calendar 2nd Reading - Short Debate
  5/14/2019HouseSecond Reading - Short Debate
  5/14/2019HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/21/2019HouseThird Reading - Short Debate - Passed 114-001-000
  5/21/2019SenatePassed Both Houses
  6/19/2019SenateSent to the Governor
  8/2/2019SenateGovernor Approved
  8/2/2019SenateEffective Date August 2, 2019
  8/2/2019SenatePublic Act . . . . . . . . . 101-0206

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