Illinois General Assembly - Bill Status for SB1539
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 Bill Status of SB1539  99th General Assembly


Short Description:  STATE MONEYS-FORMS

Senate Sponsors
Sen. Karen McConnaughay - Pamela J. Althoff

House Sponsors
(Rep. Ron Sandack)

Last Action
DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 520/5from Ch. 130, par. 24
15 ILCS 520/16.3
15 ILCS 520/22.5from Ch. 130, par. 41a
30 ILCS 235/8


Synopsis As Introduced
Amends the Deposit of State Moneys Act. Makes various changes throughout the Act providing that nothing shall be construed as requiring a financial institution to provide a product or service in this State that the financial institution does not otherwise provide in this State. Makes a similar change in the Public Funds Investment Act. Effective immediately.

Senate Committee Amendment No. 1
Deletes reference to:
15 ILCS 520/5from Ch. 130, par. 24
15 ILCS 520/16.3
15 ILCS 520/22.5from Ch. 130, par. 41a
30 ILCS 235/8
Adds reference to:
15 ILCS 520/6.1 new
30 ILCS 235/6.1 new

Replaces everything after the enacting clause. Amends the Deposit of State Moneys Act. Provides that nothing in the Act shall be construed as prohibiting a bank, savings bank, or credit union from submitting a proposal to the State Treasurer on the basis that it does not offer a product or service in this State, unless a specific requirement is noted in the public solicitation that is related to the product or service being solicited. Provides that the amendatory Act is not intended to limit the State Treasurer's discretion in the selection of a bank, savings bank, or credit union, as provided in the Act. Makes a similar change in the Public Funds Investment Act concerning the submission of proposals to a public agency. Effective immediately.

Actions 
DateChamber Action
  2/20/2015SenateFiled with Secretary by Sen. Karen McConnaughay
  2/20/2015SenateFirst Reading
  2/20/2015SenateReferred to Assignments
  3/3/2015SenateAssigned to Financial Institutions
  3/19/2015SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff
  3/19/2015SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Karen McConnaughay
  3/19/2015SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/24/2015SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions
  3/25/2015SenateSenate Committee Amendment No. 1 Adopted
  3/25/2015SenateDo Pass as Amended Financial Institutions; 011-000-000
  3/25/2015SenatePlaced on Calendar Order of 2nd Reading March 26, 2015
  4/21/2015SenateSecond Reading
  4/21/2015SenatePlaced on Calendar Order of 3rd Reading April 22, 2015
  4/22/2015SenateThird Reading - Passed; 054-000-000
  4/23/2015HouseArrived in House
  4/23/2015HouseChief House Sponsor Rep. Ron Sandack
  4/23/2015HouseFirst Reading
  4/23/2015HouseReferred to Rules Committee
  1/10/2017SenateSession Sine Die

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