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 Bill Status of HB0177  96th General Assembly

Short Description:  STATE MONEYS-GOVMT SECURITIES

House Sponsors
Rep. Al Riley

Senate Sponsors
(Sen. Jacqueline Y. Collins )

Last Action
DateChamber Action
  8/25/2009HousePublic Act . . . . . . . . . 96-0741

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


Synopsis As Introduced
Amends the Deposit of State Moneys Act. Authorizes investment in repurchase agreements of government securities having the meaning set out in the Government Securities Act of 1986,"as now or hereafter amended or succeeded". Effective immediately.

Senate Committee Amendment No. 1
Deletes reference to:
15 ILCS 520/22.5
Adds reference to:
30 ILCS 235/2from Ch. 85, par. 902

Replaces everything after the enacting clause. Amends the Public Funds Investment Act. Provides that public agencies may invest public funds in short-term obligations of corporations organized in the United States with assets exceeding $500,000,000 if, among other things, the obligations mature not later than 270 (instead of 180) days after the date of purchase. Authorizes investment in repurchase agreements of government securities having the meaning set out in the Government Securities Act of 1986, "as now or hereafter amended or succeeded". Effective immediately.

Senate Committee Amendment No. 2
In the Public Funds Investment Act, provides that public agencies may invest public funds in bonds, notes, debentures, or other similar obligations of "the United States of America, its agencies, and its instrumentalities" (instead of "the Unites States of America or its agencies").

Actions 
DateChamber Action
  1/13/2009HousePrefiled with Clerk by Rep. Al Riley
  1/14/2009HouseFirst Reading
  1/14/2009HouseReferred to Rules Committee
  2/4/2009HouseAssigned to Executive Committee
  3/10/2009HouseRe-assigned to State Government Administration Committee
  3/10/2009HouseMoved to Suspend Rule 25 Rep. Barbara Flynn Currie
  3/10/2009HouseSuspend Rule 25 - Prevailed 067-040-004
  3/11/2009HouseDo Pass / Short Debate State Government Administration Committee; 017-000-000
  3/12/2009HousePlaced on Calendar 2nd Reading - Short Debate
  3/30/2009HouseSecond Reading - Short Debate
  3/30/2009HouseHeld on Calendar Order of Second Reading - Short Debate
  3/31/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/1/2009HouseThird Reading - Short Debate - Passed 116-000-000
  4/2/2009SenateArrive in Senate
  4/2/2009SenatePlaced on Calendar Order of First Reading April 21, 2009
  4/2/2009SenateChief Senate Sponsor Sen. Jacqueline Y. Collins
  4/15/2009SenateFirst Reading
  4/15/2009SenateReferred to Assignments
  4/22/2009SenateAssigned to State Government and Veterans Affairs
  4/30/2009SenatePostponed - State Government and Veterans Affairs
  4/30/2009SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
  4/30/2009SenateSenate Committee Amendment No. 1 Referred to Assignments
  5/5/2009SenateSenate Committee Amendment No. 1 Assignments Refers to State Government and Veterans Affairs
  5/5/2009SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Jacqueline Y. Collins
  5/5/2009SenateSenate Committee Amendment No. 2 Referred to Assignments
  5/6/2009SenateSenate Committee Amendment No. 2 Assignments Refers to State Government and Veterans Affairs
  5/6/2009SenateSenate Committee Amendment No. 1 Adopted
  5/6/2009SenateSenate Committee Amendment No. 2 Adopted
  5/7/2009SenateDo Pass as Amended State Government and Veterans Affairs; 009-000-000
  5/7/2009SenatePlaced on Calendar Order of 2nd Reading May 12, 2009
  5/14/2009SenateSecond Reading
  5/14/2009SenatePlaced on Calendar Order of 3rd Reading May 15, 2009
  5/15/2009SenateThird Reading - Passed; 050-000-000
  5/15/2009HouseArrived in House
  5/15/2009HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1, 2
  5/18/2009HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Al Riley
  5/18/2009HouseSenate Committee Amendment No. 2 Motion Filed Concur Rep. Al Riley
  5/18/2009HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
  5/18/2009HouseSenate Committee Amendment No. 2 Motion to Concur Referred to Rules Committee
  5/28/2009HouseSenate Committee Amendment No. 1 Motion to Concur Rules Referred to State Government Administration Committee
  5/28/2009HouseSenate Committee Amendment No. 2 Motion to Concur Rules Referred to State Government Administration Committee
  5/29/2009HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted State Government Administration Committee; 015-000-000
  5/29/2009HouseSenate Committee Amendment No. 2 Motion to Concur Recommends Be Adopted State Government Administration Committee; 015-000-000
  5/30/2009HouseSenate Committee Amendment No. 1 House Concurs 116-001-000
  5/30/2009HouseSenate Committee Amendment No. 2 House Concurs 116-001-000
  5/30/2009HousePassed Both Houses
  6/26/2009HouseSent to the Governor
  8/25/2009HouseGovernor Approved
  8/25/2009HouseEffective Date August 25, 2009
  8/25/2009HousePublic Act . . . . . . . . . 96-0741

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