Illinois General Assembly - Bill Status for SB2857
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 Bill Status of SB2857  102nd General Assembly


Short Description:  STATE TREASURER-ADMIN CHARGE

Senate Sponsors
Sen. Heather A. Steans - Patricia Van Pelt

House Sponsors
(Rep. Marcus C. Evans, Jr.)

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

Statutes Amended In Order of Appearance
15 ILCS 505/20
30 ILCS 212/10


Synopsis As Introduced
Amends the State Treasurer Act. Provides that the State Treasurer may retain an administrative charge for both the costs of services associated with the deposit of moneys that are remitted directly to the State Treasurer and the investment or safekeeping of funds by the State Treasurer. Provides that administrative charges from the investment or safekeeping of funds by the State Treasurer shall be charged no more than monthly and the total amount charged per fiscal year shall not exceed $12,000,000 plus any amounts required as employer contributions under specified statutory Sections. Provides that moneys in the State Treasurer's Administrative Fund are subject to appropriation by the General Assembly. Amends the State Treasurer's Bank Services Trust Fund Act. Provides that moneys deposited in the State Treasurer's Bank Services Trust Fund shall be used by the State Treasurer to pay the cost of, among other banking services, operational expenses of the State Treasurer's Office related to the investment or safekeeping of funds under the Treasurer's control. Makes conforming changes. Effective immediately.

Governor Amendatory Veto Message
Recommends removing changes made to the State Treasurer Act that permit the State Treasurer to retain an administrative charge for costs associated with the investment or safekeeping of funds by the State Treasurer. Instead, recommends requiring the General Assembly to determine the amount of the administrative charge for those costs associated with the deposit of moneys that are remitted directly to the State Treasurer. Recommends adding a provision that makes moneys in the State Treasurer's Administrative Fund subject to appropriation. Recommends removing a change made to the State Treasurer's Bank Services Trust Fund Act that requires moneys deposited into the State Treasurer's Bank Services Trust Fund to be used to pay the cost of the State Treasurer's operational expenses. (Deletes reference to: 30 ILCS 212/10)

Actions 
DateChamber Action
  2/14/2018SenateFiled with Secretary by Sen. Heather A. Steans
  2/14/2018SenateFirst Reading
  2/14/2018SenateReferred to Assignments
  2/21/2018SenateAssigned to State Government
  2/28/2018SenateAdded as Chief Co-Sponsor Sen. Patricia Van Pelt
  3/1/2018SenateDo Pass State Government; 006-002-000
  3/1/2018SenatePlaced on Calendar Order of 2nd Reading March 13, 2018
  4/10/2018SenateSecond Reading
  4/10/2018SenatePlaced on Calendar Order of 3rd Reading April 11, 2018
  4/25/2018SenateThird Reading - Passed; 040-016-000
  4/25/2018HouseArrived in House
  4/25/2018HouseChief House Sponsor Rep. Marcus C. Evans, Jr.
  4/26/2018HouseFirst Reading
  4/26/2018HouseReferred to Rules Committee
  5/7/2018HouseAssigned to State Government Administration Committee
  5/16/2018HouseDo Pass / Short Debate State Government Administration Committee; 006-001-000
  5/18/2018HousePlaced on Calendar 2nd Reading - Short Debate
  5/21/2018HouseSecond Reading - Short Debate
  5/21/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/25/2018HouseThird Reading - Short Debate - Passed 072-038-000
  5/25/2018SenatePassed Both Houses
  6/22/2018SenateSent 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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