Bill Status of HB0468  94th General Assembly


Short Description:  STATE MONEY-DEPOSIT-CRED UNION

House Sponsors
Rep. Edward J. Acevedo - Robert W. Pritchard - Joseph M. Lyons - Thomas Holbrook, Lisa M. Dugan and Marlow H. Colvin

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 520/7from Ch. 130, par. 26


Synopsis As Introduced
Amends the Deposit of State Moneys Act. Provides that the Treasurer may accept a proposal from an eligible institution that provides a reduced rate of interest if the institution agrees to expend an amount equal to the reduction for the delivery of credit union products and services and financial literacy programs to low income members of certain credit unions. Provides that the proposal and acceptance shall be contained in an agreement between the State Treasurer, the institution, and a third party, if applicable, and the agreement shall restrict the use of the funds to the prospective delivery of the foregoing products, services, and programs. Effective immediately.

Actions 
DateChamber Action
  1/26/2005HouseFiled with the Clerk by Rep. Edward J. Acevedo
  1/27/2005HouseFirst Reading
  1/27/2005HouseReferred to Rules Committee
  2/2/2005HouseChief Co-Sponsor Rep. Robert W. Pritchard
  2/2/2005HouseAssigned to Financial Institutions Committee
  2/3/2005HouseAdded Co-Sponsor Rep. Lisa M. Dugan
  2/16/2005HouseAdded Chief Co-Sponsor Rep. Joseph M. Lyons
  2/17/2005HouseAdded Chief Co-Sponsor Rep. Thomas Holbrook
  3/3/2005HouseAdded Co-Sponsor Rep. Marlow H. Colvin
  3/10/2005HouseDo Pass / Short Debate Financial Institutions Committee; 029-000-000
  3/10/2005HousePlaced on Calendar 2nd Reading - Short Debate
  4/8/2005HouseSecond Reading - Short Debate
  4/8/2005HouseHeld on Calendar Order of Second Reading - Short Debate
  4/15/2005HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die