Illinois General Assembly

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 Bill Status of HB1353  98th General Assembly


Short Description:  PUBLIC FUNDS INVESTMENT

House Sponsors
Rep. Emily McAsey - Naomi D. Jakobsson - Anthony DeLuca, Esther Golar, Carol A. Sente and Jack D. Franks

Senate Sponsors
(Sen. Linda Holmes - Melinda Bush, Jennifer Bertino-Tarrant and Kimberly A. Lightford)

Last Action
DateChamber Action
  8/16/2013HousePublic Act . . . . . . . . . 98-0390

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 park districts, forest preserve districts, and conservation districts may, like municipalities and counties, invest public funds in interest-bearing bonds of any political subdivision or agency of the State of Illinois, whether the interest earned is taxable or tax-exempt under federal law. Provides that bonds shall be registered in the name of the municipality, park district, forest preserve district, conservation district, or county. Effective immediately.

Actions 
DateChamber Action
  2/6/2013HouseFiled with the Clerk by Rep. Emily McAsey
  2/6/2013HouseFirst Reading
  2/6/2013HouseReferred to Rules Committee
  2/13/2013HouseAssigned to Personnel and Pensions Committee
  2/21/2013HouseDo Pass / Short Debate Personnel and Pensions Committee; 010-000-000
  2/21/2013HousePlaced on Calendar 2nd Reading - Short Debate
  2/27/2013HouseSecond Reading - Short Debate
  2/27/2013HousePlaced on Calendar Order of 3rd Reading - Short Debate
  2/28/2013HouseAdded Co-Sponsor Rep. Esther Golar
  2/28/2013HouseAdded Co-Sponsor Rep. Carol A. Sente
  3/1/2013HouseAdded Co-Sponsor Rep. Jack D. Franks
  3/1/2013HouseThird Reading - Short Debate - Passed 111-000-000
  3/1/2013HouseAdded Chief Co-Sponsor Rep. Dwight Kay
  3/1/2013HouseRemove Chief Co-Sponsor Rep. Dwight Kay
  3/1/2013HouseAdded Chief Co-Sponsor Rep. Naomi D. Jakobsson
  3/1/2013HouseChief Co-Sponsor Changed to Rep. Naomi D. Jakobsson
  3/1/2013HouseAdded Chief Co-Sponsor Rep. Anthony DeLuca
  3/5/2013SenateArrive in Senate
  3/5/2013SenatePlaced on Calendar Order of First Reading
  3/5/2013SenateChief Senate Sponsor Sen. Linda Holmes
  3/5/2013SenateFirst Reading
  3/5/2013SenateReferred to Assignments
  3/12/2013SenateAssigned to Local Government
  3/20/2013SenateDo Pass Local Government; 012-000-000
  3/20/2013SenatePlaced on Calendar Order of 2nd Reading March 21, 2013
  4/10/2013SenateAdded as Alternate Co-Sponsor Sen. Jennifer Bertino-Tarrant
  4/16/2013SenateSecond Reading
  4/16/2013SenatePlaced on Calendar Order of 3rd Reading April 17, 2013
  4/17/2013SenateAdded as Alternate Chief Co-Sponsor Sen. Melinda Bush
  5/21/2013SenateAdded as Alternate Co-Sponsor Sen. Kimberly A. Lightford
  5/21/2013SenateThird Reading - Passed; 055-000-000
  5/21/2013HousePassed Both Houses
  6/19/2013HouseSent to the Governor
  8/16/2013HouseGovernor Approved
  8/16/2013HouseEffective Date August 16, 2013
  8/16/2013HousePublic Act . . . . . . . . . 98-0390

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