BIGGINS-BUGIELSKI-CURRY,JULIE-MOFFITT-KLINGLER. (MAITLAND-TROTTER-OBAMA) 30 ILCS 235/2.5 new Amends the Public Funds Investment Act. Requires public agencies to develop and implement an investment policy for public funds within their custody or control. Includes areas the policy must cover to address investment safety, liquidity, and rate of return. Requires that policies be in effect by January 1, 2000. Effective immediately. HOUSE AMENDMENT NO. 1. Deletes everything. Amends the Public Funds Investment Act. Requires public agencies to develop and implement an investment policy for public funds within their custody or control. Includes areas the policy must cover to address investment safety, liquidity, and rate of return. Requires that policies be in effect by January 1, 2000. Includes among the investment policy content requirements guidelines regarding collateral requirements, if any, for public funds deposited in a financial institution pursuant to the Public Funds Investment Act and, if applicable, guidelines for custody of that collateral. Effective immediately. 98-01-28 H FIRST READING 98-01-28 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-01-28 H ADDED AS A JOINT SPONSOR BUGIELSKI 98-02-04 H ADDED AS A CO-SPONSOR CURRY,JULIE 98-02-25 H ADDED AS A CO-SPONSOR MOFFITT 98-03-11 H ASSIGNED TO COMMITTEE STATE GOV ADM 98-03-19 H ADDED AS A CO-SPONSOR KLINGLER 98-03-20 H AMENDMENT NO. 01-ST GV-ELC RFM H 98-03-20 H ADOPTED 98-03-20 H DO PASS AMENDED/SHORT DEBATE 013-000-000 HSGE 98-03-20 H PLACED CALENDAR 2ND READING-SHORT DEBATE 98-03-25 H SECOND READING-SHORT DEBATE 98-03-25 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 98-03-26 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 98-03-26 H THIRD READING/SHORT DEBATE/PASSED 113-000-000 98-03-31 S ARRIVE IN SENATE 98-03-31 S PLACED CALENDAR ORDER OF FIRST READING 98-03-31 S CHIEF SPONSOR MAITLAND 98-03-31 S ADDED AS A CHIEF CO-SPONSOR TROTTER 98-03-31 S FIRST READING 98-03-31 S REFERRED TO SENATE RULES COMMITTEE RULES 98-04-01 S ADDED AS A CHIEF CO-SPONSOR OBAMA 98-04-28 S ASSIGNED TO COMMITTEE STATE GOVERN 98-04-29 S RE-REFERRED TO COMMITTEE RULES 98-04-29 S ASSIGNED TO COMMITTEE EXECUTIVE 98-05-06 S DO PASS 011-000-002 SEXC 98-05-06 S PLACED ON CALENDAR ORDER OF 2ND READING 98-05-07 98-05-07 S SECOND READING 98-05-07 S PLACED ON CALENDAR ORDER OF 3RD READING 98-05-12 98-05-14 S THIRD READING - PASSED 057-000-000 98-05-14 H PASSED BOTH HOUSES 98-06-12 H SENT TO THE GOVERNOR 98-07-31 H GOVERNOR VETOED 98-07-31 H PLACED CALENDAR TOTAL VETO NOVEMBER 17, 1998 98-11-18 H TOTAL VETO STANDS END OF INQUIRY Full Text Bill Summary