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 Bill Status of HB3005  100th General Assembly


Short Description:  DEPOSIT STATE MONEY-INVESTMENT

House Sponsors
Rep. Al Riley

Senate Sponsors
(Sen. Jacqueline Y. Collins )

Last Action
DateChamber Action
  4/6/2017SenateReferred to Assignments

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. Provides that the State Treasurer may, with the approval of the Governor, invest or reinvest (regardless of whether the price exceeds par) any State money in the treasury that is not needed for current expenditures due or about to become due, or any money in the State Treasury that has been set aside and held for the payment of the principal of and interest on any State bonds, in bonds issued by counties or municipal corporations of this State. Effective immediately.

House Committee Amendment No. 2
Adds reference to:
70 ILCS 3605/12afrom Ch. 111 2/3, par. 312a
70 ILCS 3615/4.04from Ch. 111 2/3, par. 704.04

Replaces everything after the enacting clause. Reinserts the provisions of the bill as introduced with additional language authorizing the State Comptroller to deduct amounts owed by a county or municipality from specified percentages of payments of State funds made to the county or municipality when the county or municipality defaults on a bond with which State money in the Treasury was invested. Amends the Metropolitan Transit Authority Act and the Regional Transportation Authority Act to make similar changes concerning investment of State money in Interim Financing Notes and Working Cash Notes. Effective immediately.

Actions 
DateChamber Action
  2/9/2017HouseFiled with the Clerk by Rep. Al Riley
  2/9/2017HouseFirst Reading
  2/9/2017HouseReferred to Rules Committee
  2/22/2017HouseAssigned to Executive Committee
  3/14/2017HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Al Riley
  3/14/2017HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/15/2017HouseRe-assigned to State Government Administration Committee
  3/15/2017HouseHouse Committee Amendment No. 1 Rules Refers to State Government Administration Committee
  3/28/2017HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Al Riley
  3/28/2017HouseHouse Committee Amendment No. 2 Referred to Rules Committee
  3/29/2017HouseHouse Committee Amendment No. 2 Rules Refers to State Government Administration Committee
  3/29/2017HouseHouse Committee Amendment No. 2 Adopted in State Government Administration Committee; by Voice Vote
  3/29/2017HouseDo Pass as Amended / Short Debate State Government Administration Committee; 006-001-000
  3/29/2017HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  3/30/2017HousePlaced on Calendar 2nd Reading - Short Debate
  4/4/2017HouseSecond Reading - Short Debate
  4/4/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/5/2017HouseThird Reading - Short Debate - Passed 065-048-000
  4/6/2017SenateArrive in Senate
  4/6/2017SenatePlaced on Calendar Order of First Reading
  4/6/2017SenateChief Senate Sponsor Sen. Jacqueline Y. Collins
  4/6/2017SenateFirst Reading
  4/6/2017SenateReferred to Assignments

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