Illinois General Assembly - Bill Status for SB1673

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 financial literacy programs for persons who reside in investment areas, as defined by federal law, and identified by the U.S. Department of the Treasury, in counties having a population of 3,000,000 or more. 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

Date	Chamber	Action
2/9/2007	Senate	Filed with Secretary by Sen. Jacqueline Y. Collins
2/9/2007	Senate	First Reading
2/9/2007	Senate	Referred to Rules
2/21/2007	Senate	Assigned to Financial Institutions
3/16/2007	Senate	Rule 3-9(a) / Re-referred to Rules
1/13/2009	Senate	Session Sine Die

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