Illinois General Assembly - Bill Status for SB2661
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 Bill Status of SB2661  100th General Assembly


Senate Sponsors
Sen. Jacqueline Y. Collins - Ira I. Silverstein

House Sponsors
(Rep. Robert Martwick)

Last Action
DateChamber Action
  11/28/2018SenateBill Dead - Amendatory Veto

Statutes Amended In Order of Appearance
15 ILCS 520/10from Ch. 130, par. 29
15 ILCS 520/11from Ch. 130, par. 30
15 ILCS 520/22.5from Ch. 130, par. 41a

Synopsis As Introduced
Amends the Deposit of State Moneys Act. Modifies a Section concerning agreements entered into by the State Treasurer with any bank or savings and loan association relating to the deposit of securities. Provides that such agreements may authorize the holding of securities in any bank or a depository trust company in the United States (rather than New York City). Adds to the classes of securities that the State Treasurer may accept as collateral for deposits not insured by an agency of the federal government. Adds to and modifies the investments in which the State Treasurer may in invest or reinvest on behalf of the State. Effective immediately.

Governor Amendatory Veto Message
In provisions added to the Deposit of State Moneys Act that permit the State Treasurer to invest or reinvest up to 5% of moneys from certain State funds into publicly traded corporations, partnerships, or limited liability companies, recommends providing that the State Treasurer may make such investments with the approval of the Governor.

DateChamber Action
  2/13/2018SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  2/13/2018SenateFirst Reading
  2/13/2018SenateReferred to Assignments
  2/21/2018SenateAssigned to Financial Institutions
  3/14/2018SenateAdded as Chief Co-Sponsor Sen. Ira I. Silverstein
  4/11/2018SenateDo Pass Financial Institutions; 008-000-000
  4/11/2018SenatePlaced on Calendar Order of 2nd Reading April 12, 2018
  4/18/2018SenateSecond Reading
  4/18/2018SenatePlaced on Calendar Order of 3rd Reading April 19, 2018
  4/25/2018SenateThird Reading - Passed; 055-001-000
  4/25/2018HouseArrived in House
  4/25/2018HouseChief House Sponsor Rep. Robert Martwick
  4/26/2018HouseFirst Reading
  4/26/2018HouseReferred to Rules Committee
  5/14/2018HouseAssigned to Executive Committee
  5/18/2018HouseFinal Action Deadline Extended-9(b) May 25, 2018
  5/24/2018HouseDo Pass / Short Debate Executive Committee; 011-000-000
  5/24/2018HousePlaced on Calendar 2nd Reading - Short Debate
  5/24/2018HouseSecond Reading - Short Debate
  5/24/2018HouseHeld on Calendar Order of Second Reading - Short Debate
  5/25/2018HouseFinal Action Deadline Extended-9(b) May 31, 2018
  5/28/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/28/2018HouseThird Reading - Short Debate - Passed 114-001-000
  5/28/2018SenatePassed Both Houses
  6/26/2018SenateSent to the Governor
  8/21/2018SenateGovernor Amendatory Veto
  11/13/2018SenatePlaced on Calendar Amendatory Veto November 14, 2018
  11/28/2018SenateBill Dead - Amendatory Veto

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